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Full newsletter with pictures available here shortly:
https://www.arcimoto.com/newsletter/
Big week here at Arcimoto HQ as we just reported our second quarter
financials. Where to begin? How about here, with Mark’s quarterly
update. Watch our intrepid founder zip through the streets of Eugene,
sharing all the latest company highlights, from the completion of our
Signature Series to a tour of the Arcimoto Manufacturing Plant
featuring laser-cutting robots, to the rollout of our first Beta
vehicles. Did we mention the laser-cutting robots?
For even more Q2 action, you can check out the complete recording of
the earnings call here
https://app.greenrope.com/c1.pl?be5d35ad...a39ad73a51
In the coming weeks, we plan to open our first Arcimoto rental
location, here in Eugene, Oregon. Our goal is to create a complete
customer experience center, where you can kick the tires, take a test
drive, and rent an FUV for an hour, or a day. We believe the rental
model is going to be a huge part of what we do, as it allows more
people to experience the FUV as quickly as possible and as
inexpensively as possible – first in Eugene, then in tourist
destinations around the world.
Speaking of destinations, in July we visited our friends at HulaCar in
San Diego, who plan to open a second rental location in the coming
months. Hula is creating nothing less than an EV Oasis, an electric
hub where you will be able to plug in your vehicle (and rent it out!),
grab a cup of fair trade coffee, and relax while pondering a
not-too-distant future of autonomous electric FUVs chauffeuring the
good people of San Diego to Comic-Con, the beach, and back to
Comic-Con. We’ll have more updates on Hula soon, but the most
important takeaway here is we definitely brought the FUVs to
Comic-Con, because Comic-Con. And yes, we did challenge Batman to a
drag race in the Batmobile, but he just mumbled something about
“display only,” and trudged away. We’ll chalk that up as a forfeit,
Bruce.
We’re in the process of building Hula’s vehicles at this very moment.
Before the end of 2018, our goal is to complete the Beta Series,
complete production on the ensuing Pilot Series, and then roll into
full Retail Series production. If you pre-order an FUV today, we aim
to have it in your driveway late next year.
If you want your FUV even faster, come help us build them! We are
rapidly growing our team here at the AMP, with new hires joining us
from across the country to help power the EV revolution. We’re now up
to 76 teammates and counting. If you have a very particular set of
skills, skills you have acquired over a very long career, skills that
perhaps rhyme with “schmengineering,” check out our jobs page
https://app.greenrope.com/c1.pl?e24c47b9...27524a6329
We would love to have you.
Here’s a fun fact: 2018 marks the 40th anniversary of National
Lampoon’s Animal House, filmed right here in Eugene. If you’re in the
neighborhood this Saturday, come on down to Cottage Grove where
Arcimoto will be driving FUVs in the Animal House anniversary parade
before we attempt to set the Guiness World Record for world’s largest
toga party! If you don’t show up, you’re officially on double-secret
probation. Full event details here!
https://app.greenrope.com/c1.pl?d86d9b87...b542762629
And there you have it. Another quarter in the books, with a very
exciting ramp up to Retail Series production by the end of the year.
On behalf of Team Arcimoto, this is Jon Miller, your friendly
neighborhood communications specialist. We’ll see you on the road, and
don’t forget to recycle.
Forward-Looking Statements:
Except for historical information, all of the statements,
expectations, and assumptions contained in this newsletter 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. 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 effectively execute on our business
plan and growth strategy; the volatility of our stock price; our
ability to design, manufacture and market vehicle models within
projected timeframes; our dependence on suppliers; the number of
reservations and cancellations for our vehicles and the ability to
deliver on those reservations; our reliance on key personnel; our
ability to manage the distribution channels for our products,
including our ability to successfully implement our direct to consumer
distribution strategy and any additional distribution strategies we
may deem appropriate; 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; and changes in laws or
regulations governing our business and operations. 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.
This email was sent by Team Arcimoto at Arcimoto, Inc. - 2034 W 2nd
Ave. Eugene, OR 97402.
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