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Arcimoto and Cable Car Tours To Launch First All-Electric Wine Country Tours in Temecula Valley

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Arcimoto has launched the first all-electric wine country tours in Temecula Valley, Southern California, featuring fleets of three-wheeled Fun Utility Vehicles (FUV). Visitors can enjoy guided and self-guided tours that include olive oil and chocolate tastings, alongside thrilling rides through the picturesque wine country. This initiative aims to enhance visitor experience and capitalize on Temecula's reputation as a top wine destination.

Positive
  • Launch of the first all-electric wine tours in Temecula Valley, promoting eco-friendly tourism.
  • Increased visibility for Arcimoto's FUVs in a popular tourist destination.
  • Partnership with Cable Car Wine Tours, enhancing service offerings.
Negative
  • None.

Visitors will now be able to explore Southern California’s Wine Country in fleets of three-wheeled Fun Utility Vehicles for a pure-electric adventure unlike any other

EUGENE, Ore., May 23, 2022 (GLOBE NEWSWIRE) -- Arcimoto, Inc.® (NASDAQ: FUV), makers of rightsized, outrageously fun, ultra-efficient electric vehicles for moving people and stuff, and Cable Car Wine Tours today announced the first all-electric wine country tours in Temecula Valley. Visitors will be able to explore Southern California’s Wine Country in fleets of Fun Utility Vehicles in both guided and self-guided tours that include olive oil tasting, chocolate tasting, and a thrilling all-electric ride through the picturesque Temecula Valley, named a Top 10 Wine Destination by Wine Enthusiast.

“As residents of the Willamette Valley here in Oregon, we already know just how amazing it is to ride an FUV through the rolling hills of world-class wine country, and we can’t wait for visitors to Temecula Valley to be able to experience the same electric sensation,” said Lynn Yeager, Arcimoto Chief Experience Officer. “Cable Car Tours offers one of the coolest rides in the Valley with a fully-restored San Francisco Cable Car, and we think the FUV will make for a great new option for those who want a more, shall we say, dynamic driving experience.”

“After one ride in the FUV, we knew our Temecula customers would love this new tour,” said Jared Broach, President of Eat Drink Scare Tours. “We’ve created a safe, responsible, and thrilling new tour that includes stops at some of our favorite Temecula Valley wineries for olive oil and chocolate tastings. And then, when the FUVs reach their final destination, we cap it all off with an epic wine tasting.”

Welcoming more than three million visitors each year, casual, picturesque, Temecula Valley Southern California Wine Country is a year-round getaway and vacation destination situated within southwest Riverside County.

“In Temecula Valley, we pride ourselves on being made up of curious mavericks who aren’t afraid to do things a little differently, which is a perfect description of Arcimoto and their one-of-a-kind EVs,” said Visit Temecula Valley CEO and President Scott Wilson. “We’re excited to now promote the first all-electric wine country tour. If you thought exploring Temecula Valley in a classic San Francisco cable car was awesome, just wait until you try the FUV.”

For more information, visit Cable Car Tours and Visit Temecula Valley.

For the latest stakeholder update, check out our RAMP IT UP presentation. 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.

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/8956d878-0a96-4fdb-92d6-057e01541f74 


FAQ

What are the electric wine tours launched by Arcimoto in Temecula Valley?

Arcimoto has introduced all-electric wine tours in Temecula Valley using their Fun Utility Vehicles (FUV), offering guided and self-guided experiences.

When did Arcimoto announce the electric wine tours in Temecula Valley?

Arcimoto announced the electric wine tours on May 23, 2022.

How do the electric tours in Temecula Valley enhance the visitor experience?

These tours combine the excitement of driving FUVs with tastings of olive oil and chocolate at local wineries, culminating in a wine tasting.

What is the significance of Temecula Valley for Arcimoto's business?

Temecula Valley is a popular tourist destination, which can significantly increase the visibility and demand for Arcimoto's electric vehicles.

What is the stock symbol for Arcimoto?

Arcimoto trades under the stock symbol FUV.

Arcimoto, Inc.

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