EUGENE, Ore., Oct. 13, 2022 (GLOBE NEWSWIRE) — Arcimoto, Inc.® (NASDAQ: FUV), makers of rightsized, outrageously fun, ultra-efficient electric vehicles, today announced the Deliverator has been named 2022 Overall Electric Vehicle of the Year in the annual AutoTech Breakthrough Awards. The awards program recognizes the top companies, technologies and products in the global automotive and transportation technology markets.
Built on the modular Arcimoto Platform and designed for local and last-mile delivery, the Deliverator features a top speed of 75 mph, 102 city mile range, 28 cubic feet of cargo space, and a rightsized footprint that allows three vehicles to be parked in a single space.
“We are honored to receive this recognition from AutoTech Breakthrough. The Deliverator addresses the massive opportunity to rightsize and electrify last-mile delivery, which has traditionally been dominated by expensive, oversized, polluting delivery trucks and vans,” said Jesse Fittipaldi, Interim CEO of Arcimoto. “We believe that with every delivery, our customers will enjoy meaningful per-mile savings as well as a boost in brand awareness as the Deliverator turns heads wherever it goes.”
With its small footprint, cargo-carrying capacity and ample battery life, the Deliverator overcomes urban gridlock, pollution concerns and parking constraints to create a superb last-mile delivery solution, all at a fraction of the operating costs of traditional delivery vehicles.
“Businesses of all kinds are searching for small-footprint, sustainable delivery vehicles that will cut costs, increase revenue and improve the customer experience. The well-thought-out design of the Deliverator allows drivers increased maneuverability, resulting in quicker delivery times,” said Bryan Vaughn, Managing Director of AutoTech Breakthrough Awards. “Arcimoto’s Deliverator has overcome urban gridlock, pollution concerns, and parking constraints to create a superb last-mile delivery solution. Congratulations on being named Electric Vehicle of the Year.”
The mission of the annual AutoTech Breakthrough Awards program is to conduct the industry’s most comprehensive analysis and evaluation of automotive and transportation technology categories, including Connected Car, Electric Vehicles, Engine Tech, Automotive CyberSecurity, Sensor Technology, Traffic Tech and many more. This year’s program attracted more than 1,500 nominations from all over the world.
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About AutoTech Breakthrough
Part of Tech Breakthrough, a leading market intelligence and recognition platform for global technology innovation and leadership, the AutoTech Breakthrough Awards program is devoted to honoring excellence in automotive technologies, services, companies and products. The AutoTech Breakthrough Awards program provides a forum for public recognition around the achievements of AutoTech companies and solutions in categories including Connected Car, Electric Vehicles, Engine Tech, Automotive CyberSecurity, Sensor Technology, Traffic Tech, Vehicle Telematics and more. For more information visit AutoTechBreakthrough.com
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.
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 vehicle 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.
Public Relations Contact:
Megan Kathman
(651) 785-3212
pr@arcimoto.com
Investor Relations Contact:
investor@arcimoto.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/d892ea9d-5e0a-4be0-9aa8-6e6e7c896319
