Arcimoto announces the grand opening of Arcimoto Honolulu on

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EUGENE, Ore., Aug. 17, 2022 (GLOBE NEWSWIRE) — Arcimoto, Inc.® (NASDAQ: FUV), makers of ultra-efficient, incredibly fun, right-sized electric vehicles for moving people and things, today announced that the grand opening of Arcimoto Honolulu, the world’s first experience center company in Hawai’i, will take place on Saturday, August 20, with rentals officially available on Sunday, August 21. You can book your rental today at Arcimoto.com/rent.

“Hawai’i is absolutely ideal for experiencing Arcimoto vehicles, and we can’t wait for locals and tourists to experience our all-electric rides like nothing else on the road today,” said Lynn Yeager, director of the Arcimoto experiment. “I would like to say mahalo to the people of Honolulu who have been so welcoming and supportive of our mission, and to our fans who have waited years to ride a FUV in Hawai’i. Finally, the wait is over.

Arcimoto will hold a grand opening event on August 20 from 11 a.m. HST to 2 p.m. HST. Join us for our corporate blessing ceremony at 11:00 a.m. HST followed by refreshments, shaved ice, FUV rides and music by Miller DJ.

Arcimoto Honolulu is located at 805 Pohukaina Street in Honolulu. From here, FUV pilots are only a short drive away to explore famous Waikiki Beach, Diamond Head, Pearl Harbor and all that Oahu has to offer.

“Hawai’i is simply a spectacular location for FUV, and this is an important milestone for the Arcimoto team as we continue our mission to introduce our vehicles to top tourist destinations around the world,” said Jesse Fittipaldi, Acting CEO of Arcimoto.

Arcimoto is currently accepting vehicle reservations in Hawai’i, with the first vehicle deliveries to Hawaii expected to begin in Q1 2023. To make a reservation, please visit https://design.arcimoto.com/.

Arcimoto Honolulu is the third Arcimoto Experience Center, including Eugene and San Diego, and the eleventh Arcimoto rental location overall.

For the latest company updates, check out our Q2 2022 Stakeholder Webinar. Follow Arcimoto on Youtube, Facebook, instagram, Twitter, ICT Tacand LinkedIn. Investor information about the company, including press releases, stakeholder webcast replays, and more, is available at http://arcimoto.com/ir.

About Arcimoto, Inc.
Arcimoto is a pioneer in designing and manufacturing large, ultra-efficient and incredibly fun electric vehicles for everyday mobility. Built on the revolutionary Arcimoto three-wheeled platform, our vehicles are purpose-built for everyday 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 electric vehicles that make the world a better place. For more information, please visit Arcimoto.com.

Safe Harbor / Forward-Looking Statements
Except for historical information, all statements, expectations and assumptions 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 other statements regarding our future business 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, but are not limited to, our expectations regarding vehicle deliveries, the establishment of our service network and delivery and our expected production rate. Therefore, actual results could and do differ materially from what is expressed or anticipated in forward-looking statements due to numerous factors discussed from time to time in our filings with the SEC. In addition, these statements could be affected by risks and uncertainties relating to, among other things: our ability to manage the distribution channels for our products, including our ability to successfully implement our leasing strategy, our direct-to-consumer distribution and any additional distribution strategy we may deem appropriate; our ability to design, manufacture and market vehicle models on schedule since a vehicle is made up of many thousands of unique components and we can only keep pace with the slowest component; our inexperience to date in manufacturing the high volume vehicles we anticipate; our ability to maintain quality control of our vehicles and avoid significant vehicle recalls; the number of reservations and cancellations for our vehicles and our ability to meet those reservations; unexpected or recurring operational problems at our facilities, or catastrophic loss of our manufacturing facilities; our dependence on our suppliers; changes in consumer demand for and acceptance of our products; changes in the competitive environment, including the adoption of technologies and products that compete with our products; the overall strength and stability of general economic conditions and the automotive industry in particular; changes in laws or regulations governing our business and operations; the costs and risks associated with potential litigation; and other risks described from time to time in our periodic and ongoing reports that we file with the SEC. All forward-looking statements speak only as of the date they are made, and except as may be required under applicable securities laws, we undertake no obligation to update any forward-looking statements.

Public relations contact:
Megan Katman
(651) 785-3212
[email protected]

Contact with Investor Relations:
[email protected]

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ca609429-b794-4afd-a798-475d0d7bf928

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