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September 21, 2017

Arcimoto gears up to build $12,000 e-vehicles in Eugene

  • Arcimoto plans to open a larger production facility in Eugene, and increase production in 2019.
  • EUGENE, Ore. (AP) — Arcimoto, an Oregon-based electric vehicle company, raised nearly $20 million in a recent initial public offering and its founder says the firm is on track to deliver its first vehicles to customers this year.

    Arcimoto shares will begin trading Thursday on Nasdaq under the ticker symbol FUV. That stands for “Fun Utility Vehicle,” which is how the company describes its vehicles with seats for a driver and one passenger, three wheels and motorcycle handlebar-style steering.

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