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About Arcimoto
Its shares trade under the ticker FUVV. It has been listed since 21 September 2017. In the fiscal year to 31 December 2022, it reported revenue of $6.6m and a net loss of $62.9m. At that date it held total assets of $56.4m and shareholders' equity of $31.4m.
Arcimoto, Inc. engages in the design, development, manufacture, sale, and rental of three-wheeled electric vehicles. The company is headquartered in Eugene, Oregon. The company went IPO on 2017-09-21. The firm has introduced six vehicle products built on the first Arcimoto platform that target specific niches in the vehicle market. Its flagship product, the Fun Utility Vehicle (FUV), for everyday consumer trips; the Deliverator for last-mile delivery and general fleet utility; the Rapid Responder for emergency services and security; the Cameo for film, sports and influencers; the Arcimoto Roadster, an unparalleled electric on-road thrill machine; and the Flatbed, the Company's solution for a right sized pickup truck. The firm introduced a second vehicle platform prototype, and the first product concept on that platform, a class III e-trike codenamed the Mean Lean Machine. The firm is also selling their TRiO motorcycle upgrade kit through Tilting Motor Works, Inc., which transforms a traditional two-wheeled motorcycle into a leaning three-wheeled motorcycle.
Figures and description from our data supplier, not checked against the company's own report.
Company facts
- Sector
- Consumer Discretionary
- Industry
- Automobiles
- Listed since
- 21 Sept 2017
- Employees
- 116
- Website
- arcimoto.com ↗
Leadership
Pay as last reported
- Mr. Mark FrohnmayerChairman of the Board, Chief Vision Officer, since 2007$236,926
- Mr. Christopher DawsonChief Executive Officer, Interim Chief Financial Officer, Director, since 2022$27,248
- Mr. Dwayne LumChief Operating Officer
- Mr. Joshua SchererLead Independent Director$76,996
- Mr. Dan CreedIndependent Director$27,248
- Mr. Jesse EislerIndependent Director$65,247
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 13
- Environment
- 14
- Social
- 8
- Governance
- 16
- Carbon reduction policy
- No
- Human rights policy
- No
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Headquartered in Eugene, Oregon with 116 employees.
- Offers six vehicle products targeting specific market niches.
- Has introduced a second vehicle platform prototype and a new product concept.
Weaknesses
- IPO occurred in 2017, indicating a relatively young company.
- Limited to three-wheeled electric vehicles with niche market focus.
- Relies on a single platform for multiple vehicle types.
Opportunities
- Expanding into new vehicle platforms could attract broader market segments.
- The TRiO motorcycle upgrade kit offers additional revenue streams.
- Potential for growth in last-mile delivery and emergency services markets.
Threats
- Niche market focus may limit overall market reach.
- Competition from traditional and other electric vehicle manufacturers.
- Dependence on a single platform could hinder innovation.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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