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December 2020
The Roadster will enter production in the first half of 2021 [LD Micro Conference (requires free signup to view)]
Florida is added as the fourth US market [Press Release]
Official merchandise store launched [Store Link]
Roadside assistance partner is updated to Agero due to its acquisition of Road America, Arcimoto’s original partner. [Team Arcimoto Email / Agero Press Release]
November 2020
A NHSTA recall is announced for a faulty HV contactor which resulted in overheating and a blown fuse in some vehicles. There have been no injuries or accidents related to this recall. [NHTSA report]
Arcimoto raises $15.25 million in a common stock direct offering [Press Release]
Arcimoto raises $15 million in a common stock direct offering [Press Release]
The City of Orlando will conduct a 90 day pilot with 6 vehicles for multiple departments [Press Release]
Roadster moving to development stage in collaboration with Corbin-Pacific (seat design) and National Cycle (windshield design) [Press Release]
- 31 vehicles delivered
- Sustained 3 vehicles built per day by end of Q4
- 4 vehicles built per day by end of Q1 2021
- Expect to deliver 40+ vehicles in Q4
- Planning to ramp production to ~8 vehicles per day during summer 2021
- Roadster enables company to be cash-flow positive at this rate
- Expanding delivery geography “soon”
- Hinted at Florida and Northeast
- ATVM will be submitted by the end of 2020
- ASP of $21,000 to $22,000 currently – Q3 was $22,600
October 2020
- Unveiled Roadster prototype [Arcimoto Votes! video]
- Partnered with DHL to ship FUVs directly to customer’s homes [Bloomberg article]
- DHL can handle up to 400,000 FUV deliveries per year “without even blinking” [HyperChange interview]
- Phase 1 of the partnership includes the lower 48 states. Phase 2 includes Alaska, Hawaii, and international deliveries. [Electrek article]
- “Planning for slow ramp up for next 18 months then big step changes.” [Mark’s Twitter]
- “we resumed customer deliveries of the FUV in September, and our production rate has returned to the level we achieved in March”1
September 2020
- Now You Know – Tesla Time News [Tesla Not Included in S&P 500??]
- Mark announces Cameo variant of the platform for film making
- Also announces next variant will be a flat-bed truck
- Cowen Conference [Interview with Mark]
- Plan to hit 3 units produced per day by end of 2020, ~800 produced in 2021
- $10M needed for initial production ramp
- Unit profitable by start of 2021
- New lower starting price of $17,900 [Facebook post / website]
- Beta Configurator launched
- “Basically back up to the rate when we hit pause”
August 2020
- Sandy Munro expects the Arcimoto to cost significantly less to produce once he and his team are done with their agreement [Now You Know video]
- New platforms coming and increase to 50,000 units per year in 24 months (mid 2022) [Arcimoto 2020 Summer Update]
- The first production version (aka non-pilot vehicles) of the Deliverator will be delivered during 2020 [Q2 2020 10-Q]
July 2020
- Raised $10m in a common stock direct offering [Press Release]
- Retired all debt [Press Release]
- Launched 2 Deliverators on HyreCar platform in California [Arcimoto YouTube video]
June 2020
- Raised $8.5m in common stock direct offering [Press Release]
- Partnered with Munro & Associates to ensure platform is easily manufactured at scale [Press Release]
- Raised $8m in common stock direct offering [Press Release]
May 2020
Resumed production in May after halting in mid-March [Q2 2020 10-Q]
March 2020
- Began pilot testing Rapid Responder in Eugene, OR [YouTube video]
- Sued Aryo for patent infringement [SEC Filing]
- Jury trial beginning on July 19, 2021 [SEC Filing]
- Lawsuit was settled in Q1 2021 [SEC Filing]