EUGENE, Ore., Nov. 10, 2022 (GLOBE NEWSWIRE) — Arcimoto, Inc.® (NASDAQ: FUV), makers of rightsized, outrageously fun, ultra-efficient electric vehicles, announced plans to open Arcimoto Kaua’i, a new experience center located at Royal Sonesta Kaua’i Resort Lihue. First rentals are anticipated to begin in December.
“Kaua’i is a leader in eco-tourism, with a community focused on sustainability and preserving this very special island. We’re thrilled to bring Arcimoto vehicles to the Royal Sonesta for an unforgettable, sustainable driving experience,” said Lynn Yeager, Arcimoto Chief Experience Officer. “With limited rental car availability and over 100,000 monthly visitors to Kaua’i, we are able to offer hotel guests, tourists and the local community a one-of-a-kind, pure-electric way to explore one of the most beautiful places on the planet. The Royal Sonesta will be a flagship location in our rental business as we continue to partner with amazing hotels in destination cities worldwide.”
Nestled amidst the lush greenery of Kaua’i, The Royal Sonesta Kaua’i Resort Lihue is a Garden Island oasis. Located on a glorious setting on golden sands, the Royal Sonesta offers opportunities to indulge in beachside spa treatments, four restaurants offering a variety of cuisines, a weekly luau, and the largest one-level pool in Hawaii. Guests and locals will be able to rent an Arcimoto vehicle and explore the natural beauty of Hanalei Bay, the nearby Waimea Canyon State Park, and beyond. Royal Sonesta is a hotel brand owned by Sonesta International Hotels Corporation (Sonesta), one of the fastest-growing hotel companies in the U.S.
“Practicing and supporting sustainable tourism is incredibly important to the entire island of Kaua’i and the Royal Sonesta, and we believe Arcimoto will be a perfect fit for our guests,” said Jim Pedone, Director of Sales and Marketing at the Royal Sonesta Kaua’i Resort Lihue. “Renting a car in Kaua’i can be challenging and expensive, and we see the Arcimoto experience as a unique alternative and a huge value-add to our guests who can pick up their all-electric ride right here on the property and begin exploring the Garden Island in style.”
With a full range of exceptional hotel options found in many of the most memorable destinations in the world, Sonesta exceeds guests’ expectations by delivering an authentic experience on each visit. Royal Sonesta property locations are well situated for exploration with Sonesta’s hospitality setting the standard for impeccable turnkey service. Visit Sonesta.com/growth for a full list of new hotels as well as to find the latest brand news, updates and more information on the Sonesta Travel Pass guest loyalty program, and to book a stay.
Arcimoto Kaua’i is the fourth Arcimoto experience center, including Honolulu, Eugene, and San Diego, and the 14th Arcimoto rental location overall. For those looking to buy, Arcimoto is currently accepting vehicle reservations in Hawai’i, with first customer deliveries anticipated to begin in Q1 2023. To make a reservation, please visit Design.arcimoto.com/.
For the latest company updates, check out our Q2 2022 Stakeholder Webinar. Follow Arcimoto on YouTube, Facebook, Instagram, Twitter, TikTok, and LinkedIn. Investor information about the company, including press releases, stakeholder webcast replays, and more can be found at http://arcimoto.com/ir.
About Arcimoto, Inc.
Arcimoto is a pioneer in the design and manufacture of rightsized, ultra-efficient, incredibly fun electric vehicles for everyday mobility. Built on the revolutionary three-wheel Arcimoto Platform, our vehicles are purpose-built for daily driving, local delivery, and emergency response, all at a fraction of the cost and environmental impact of traditional gas-powered vehicles. Based in Eugene, Oregon, the Arcimoto team is dedicated to creating world-class EVs that make the world a better place. For more information, please visit Arcimoto.com.
Sonesta is one of the fastest-growing hospitality companies in the U.S., currently ranked 8th by Smith Travel Research (STR) with 1,200 properties totaling 100,000 guest rooms across 15 brands in eight countries. You will find nearly 300 hotels under one of Sonesta’s seven brands – Royal Sonesta; Sonesta Hotels & Resorts; Sonesta Select; Sonesta ES Suites; Sonesta Simply Suites; Sonesta Posadas del Inca; Sonesta Cruise Collection – operating in the U.S., Canada, Chile, Colombia, Ecuador, Egypt, Peru, and St. Maarten. Sonesta also owns and franchises eight other brands including – Hotel RL; Red Lion Hotels; Red Lion Inn & Suites; Signature Inn; GuestHouse Extended Stay; Knights Inn; Americas Best Value Inn; Canadas Best Value Inn – with nearly 900 franchised properties across the U.S. and Canada. For more information visit Sonesta.com or call 1.800. SONESTA.
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 product 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.
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