Arcimoto Inc (FUVV) Earnings

Arcimoto, Inc. engages in the design, development, manufacture, sale, and rental of three-wheeled electric vehicles. The company is headquartered in Eugene, Oregon and currently employs 120 full-time employees. The company went IPO on 2017-09-21. The Company’s vehicle products are based on the Arcimoto Platform, which includes the basic lower framed structure and certain key components of its vehicles. The firm operates through three segments: fun utility vehicles (FUV), rental and TMW. The FUV segment consists of the sale of its electric vehicle product lines. The rental segment is engaged in short-term rental of its electric vehicles via various channels or networks. The TMW segment engages in the design, production, sales, and installation of a bolt on kit that converts a two-wheeled motorcycle into a tilting three-wheeled motorcycles. The firm has two vehicle products built on this platform that target specific niches in the vehicle market: its flagship product, the FUV, for everyday consumer trips, and the Deliverator for last-mile delivery and general fleet utility.