Arcimoto Announces ‘FUV and Friends Summer Showcase’ To Take Place At Portland International Raceway on July 26, 2021

Arcimoto, Inc.® (NASDAQ: FUV), makers of fun, affordable, and ultra-efficient electric vehicles for everyday drivers and fleets, today announced the FUV and Friends Summer Showcase will take place at the historic Portland International Raceway (PIR) on Monday, July 26.

Arcimoto plans to debut the Roadster, designed to be the ultimate electric on-road fun machine, and the newest EV to be built on the modular Arcimoto Platform. The company will also outline its vision for self-driving, rightsized electric vehicles, followed by live technology component demonstrations. FUVs and Tilting Motor Works trikes will be available to ride on the historic raceway.

“At the end of the day, sustainable transportation is a social networking exercise. If we are to collectively solve the very present and enormous challenge in front of us, we have to work together,” said Mark Frohnmayer, Arcimoto Founder and CEO. “Which is why I’m incredibly humbled and honored to showcase the work of our team and our partners. Arcimoto has been joined by a crew of legends to help push forward on multiple fronts toward our shared purpose. As we look forward to kicking off mass production next year, we have some very exciting developments to share, and there’s no better place to demonstrate them than the historic Portland International Raceway.”

The FUV and Friends Summer Showcase will be open to media, Arcimoto shareholders, analysts, FUV owners, and pre-order customers by invitation only. To request a ticket, send an email to summershowcase@arcimoto.com.

Portland International Raceway (PIR) is the home of the Grand Prix of Portland. PIR is a 1.964-mile, 12-turn permanent road course owned by the City of Portland and operated under the Portland Parks and Recreation. Opened in 1960 to host sports car and drag racing, the 268-acre property hosts over 550 events annually including automotive and motorcycle road racing, motocross, and other special events including the Rose Cup Races.

A replay of the Company’s latest quarterly earnings webinar can be viewed here. For more information, visit Arcimoto.com.

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. Now available to preorder customers in California, Oregon, Washington, and Florida, the Arcimoto FUV® is purpose-built for everyday driving, transforming ordinary trips into pure-electric joyrides. Available for preorder, 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. Two additional concept prototypes built on the versatile Arcimoto platform are currently in development: the Cameo™, aimed at the film and influencer industry; and the Roadster, designed to be the ultimate on-road fun machine. Every Arcimoto vehicle is built at the Arcimoto Manufacturing Plant in Eugene, Oregon. For more information, please visit Arcimoto.com.

Safe Harbor / Forward-Looking Statements

Except 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.

Contacts:

Public Relations Contact:
Megan Kathman
(651) 785-3212
pr@arcimoto.com

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