Arcimoto, the creator of the world’s first Fun Utility Vehicle took on automakers head on with its 3-wheeled fun utility vehicle under the banner of his company Arcimoto.
It went public about a year ago under the symbol FUV as a sign of not only how much fun its vehicle is, but as a statement to the world that its vehicles represent an entirely new way to think about transportation. They are electric, they are efficient, they are affordable, and they are also just a ton of fun to ride around in.
Arcimoto exists to, “Help catalyze the shift to a sustainable transportation system.” The SRK is an extremely practical vehicle that, by design, reduces the amount of energy required to haul people and gear around town — or even farther, if needed.
Its smaller footprint and two-passenger design makes it the ideal efficient commuter and makes it affordable for the masses.
The work on the factory supports one of the company’s primary goals for 2018 — to achieve retail series production. That means no more testing, refining, and tweaking of the design or the manufacturing process.
Looking to the future, Arcimoto plans to continue to scale up its operations in support of growing demand from the public. It has seen an increase in reservations with zero effort to market its products to customers.
On the financial side of things, it is pursuing a $100 million grant that would enable a much more rapid ramp up of its operations.
Reference- Arcimoto website, Cleantechnica,