Arcimoto, Inc.® (NASDAQ: FUV), makers of rightsized,
outrageously fun, ultra-efficient electric vehicles for moving
people and stuff, today announced that it is partnering with
Directed Technologies to introduce the Fun Utility Vehicle and
Deliverator to the Australian market.
Over the course of the pilot program, Arcimoto vehicles will be
tested by Directed Technologies’ fleet clients that specialize in
last-mile delivery, and will be instrumental in preparing Arcimoto
vehicles for eventual homologation to Australian safety
standards.
“Our clients are increasingly demanding smarter, safer, and more
sustainable delivery vehicles to fit their needs, and we see the
small-footprint Arcimoto vehicles as filling an emerging market gap
between bikes and vans to open an exciting next-generation nimble
delivery vehicle category,” said Mark Whitmore, Global Sales
Director, Directed Technologies. “We see this as an opportunity to
lead on two levels: with Directed’s class-leading digital fleet
management technologies and Arcimoto’s rightsized electric vehicle,
which together can optimize last-mile delivery options of our
clients while fitting seamlessly within their sustainability and
technology vision.”
With a global head office and main distribution center located
in Melbourne Airport, Victoria, Directed Technologies has
representation across all states of Australia and more than 20
years of experience in the development and distribution of
class-leading innovative products and solutions within the
automotive, government, and enterprise sectors.
“It’s particularly encouraging to see the state governments
within Australia, notably New South Wales and Victoria, increase
their support for EV adoption with new charging infrastructure and
subsidies for individuals as well as businesses,” said Arcimoto
Founder and CEO, Mark Frohnmayer. “We’re proud to work with
Directed Technologies to introduce our vehicle family to its vast
roster of clients, with potential use-cases across the tourism,
delivery, and emergency services verticals.”
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About Arcimoto, Inc.Arcimoto (NASDAQ: FUV)
develops and manufactures ultra-efficient and affordable electric
vehicles to help the world shift to a sustainable transportation
system. Arcimoto vehicles are currently available for reservation
in California, Oregon, Washington, Nevada, Arizona, and Florida,
and for preorder worldwide. Our flagship vehicle, the Arcimoto
FUV®, is purpose-built for everyday driving and transforms ordinary
trips into pure-electric joyrides. Launched in 2021, the all-new
Arcimoto Roadster is designed to be the ultimate open-road fun
machine and is the purest expression of the Arcimoto Platform. The
Deliverator® and Rapid Responder™ provide last-mile delivery and
emergency response functionality, respectively, at a fraction of
the cost and environmental impact of traditional gas-powered
vehicles. Expected to launch in 2022, the Flatbed represents
Arcimoto’s vision of a pure-electric, rightsized utility pickup
truck. The upcoming Cameo™ is designed to create a smooth, silent,
sustainable camera vehicle for the film and influencer industries.
Every Arcimoto vehicle is built at the Arcimoto Manufacturing Plant
in Eugene, Oregon. For more information, please visit
Arcimoto.com.
About Directed TechnologiesHeadquartered in
Melbourne, Australia, Directed Technologies is a market-leading
supplier of innovative products and technologies solutions to
leading automotive, government, and enterprise organisations. Today
well over 1,800 fleets rely on vehicle manufacturer branded
Directed telematics devices and over 300,000 heavy vehicles
navigate the roads with Directed MMUs onboard. Every day
leading organisations rely on Directed’s Data Analytics practice
for connected vehicle insights and driver safety improvement. The
Directed Technologies connected vehicle portfolio to be
incorporated in the Arcimoto range includes a suite of
next-generation vehicle and fleet analytics services, including
video telemetry, smart maintenance, and business intelligence
insights. Part of the Directed Group of companies, Directed
Technologies has offices in Melbourne, New Zealand, South Africa,
Hungary and Thailand. For more information, please visit
Directed.com.au
Safe Harbor / Forward-Looking StatementsExcept
for historical information, all of the statements, expectations,
and assumptions contained in this press release are forward-looking
statements. Forward-looking statements include, but are not limited
to, statements that express our intentions, beliefs, expectations,
strategies, predictions or any other statements relating to our
future activities or other future events or conditions. These
statements are based on current expectations, estimates and
projections about our business based, in part, on assumptions made
by management. These statements are not guarantees of future
performance and involve risks, uncertainties and assumptions that
are difficult to predict and include, without limitation, our
expectations as to vehicle deliveries, the establishment of our
service and delivery network and our expected rate of production.
Therefore, actual outcomes and results may, and are likely to,
differ materially from what is expressed or forecasted in the
forward-looking statements due to numerous factors discussed from
time to time in documents which we file with the SEC. In addition,
such statements could be affected by risks and uncertainties
related to, among other things: our ability to manage the
distribution channels for our products, including our ability to
successfully implement our rental strategy, direct to consumer
distribution strategy and any additional distribution strategies we
may deem appropriate; our ability to design, manufacture and market
vehicle models within projected timeframes given that a vehicle
consists of several thousand unique items and we can only go as
fast as the slowest item; our inexperience to date in manufacturing
vehicles at the high volumes that we anticipate; our ability to
maintain quality control over our vehicles and avoid material
vehicle recalls; the number of reservations and cancellations for
our vehicles and our ability to deliver on those reservations;
unforeseen or recurring operational problems at our facility, or a
catastrophic loss of our manufacturing facility; our dependence on
our suppliers; changes in consumer demand for, and acceptance of,
our products: changes in the competitive environment, including
adoption of technologies and products that compete with our
products; the overall strength and stability of general economic
conditions and of the automotive industry more specifically;
changes in laws or regulations governing our business and
operations; costs and risks associated with potential litigation;
and other risks described from time to time in periodic and current
reports that we file with the SEC. Any forward-looking statements
speak only as of the date on which they are made, and except as may
be required under applicable securities laws, we do not undertake
any obligation to update any forward-looking statements.
Public Relations Contact:Megan Kathman(651)
785-3212pr@arcimoto.com
Investor Relations
Contact:investor@arcimoto.com
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/37f6e5a9-4f01-4632-8152-de233a1e6d6c
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