Arcimoto and Directed Technologies Launch Pilot Program to Introduce Ultra-efficient Electric Delivery Vehicles into Australia

Rhea-AI Summary

Arcimoto, Inc. (NASDAQ: FUV) has announced a partnership with Directed Technologies to introduce its Fun Utility Vehicle (FUV) and Deliverator to the Australian market. This collaboration will include a pilot program where Directed Technologies' fleet clients will test the vehicles for last-mile delivery. The program aims to prepare the vehicles for compliance with Australian safety standards. Both companies emphasize the growing demand for efficient, sustainable delivery solutions, leveraging technologies that optimize fleet management.

Positive

• Partnership with Directed Technologies to expand into the Australian market.
• Pilot program supports vehicle testing for compliance with local safety standards.
• Growing demand for sustainable delivery options aligns with Arcimoto's product offering.

Negative

• None.

EUGENE, Ore., March 02, 2022 (GLOBE NEWSWIRE) -- Arcimoto, Inc.^® (NASDAQ: FUV), makers of rightsized, outrageously fun, ultra-efficient electric vehicles for moving people and stuff, today announced that it is partnering with Directed Technologies to introduce the Fun Utility Vehicle and Deliverator to the Australian market.

Over the course of the pilot program, Arcimoto vehicles will be tested by Directed Technologies’ fleet clients that specialize in last-mile delivery, and will be instrumental in preparing Arcimoto vehicles for eventual homologation to Australian safety standards.

“Our clients are increasingly demanding smarter, safer, and more sustainable delivery vehicles to fit their needs, and we see the small-footprint Arcimoto vehicles as filling an emerging market gap between bikes and vans to open an exciting next-generation nimble delivery vehicle category,” said Mark Whitmore, Global Sales Director, Directed Technologies. “We see this as an opportunity to lead on two levels: with Directed’s class-leading digital fleet management technologies and Arcimoto’s rightsized electric vehicle, which together can optimize last-mile delivery options of our clients while fitting seamlessly within their sustainability and technology vision.”

With a global head office and main distribution center located in Melbourne Airport, Victoria, Directed Technologies has representation across all states of Australia and more than 20 years of experience in the development and distribution of class-leading innovative products and solutions within the automotive, government, and enterprise sectors.

“It’s particularly encouraging to see the state governments within Australia, notably New South Wales and Victoria, increase their support for EV adoption with new charging infrastructure and subsidies for individuals as well as businesses,” said Arcimoto Founder and CEO, Mark Frohnmayer. “We’re proud to work with Directed Technologies to introduce our vehicle family to its vast roster of clients, with potential use-cases across the tourism, delivery, and emergency services verticals.”

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 (NASDAQ: FUV) develops and manufactures ultra-efficient and affordable electric vehicles to help the world shift to a sustainable transportation system. Arcimoto vehicles are currently available for reservation in California, Oregon, Washington, Nevada, Arizona, and Florida, and for preorder worldwide. Our flagship vehicle, the Arcimoto FUV^®, is purpose-built for everyday driving and transforms ordinary trips into pure-electric joyrides. Launched in 2021, the all-new Arcimoto Roadster is designed to be the ultimate open-road fun machine and is the purest expression of the Arcimoto Platform. The Deliverator^® and Rapid Responder™ provide last-mile delivery and emergency response functionality, respectively, at a fraction of the cost and environmental impact of traditional gas-powered vehicles. Expected to launch in 2022, the Flatbed represents Arcimoto’s vision of a pure-electric, rightsized utility pickup truck. The upcoming Cameo™ is designed to create a smooth, silent, sustainable camera vehicle for the film and influencer industries. Every Arcimoto vehicle is built at the Arcimoto Manufacturing Plant in Eugene, Oregon. For more information, please visit Arcimoto.com.

About Directed Technologies
Headquartered in Melbourne, Australia, Directed Technologies is a market-leading supplier of innovative products and technologies solutions to leading automotive, government, and enterprise organisations. Today well over 1,800 fleets rely on vehicle manufacturer branded Directed telematics devices and over 300,000 heavy vehicles navigate the roads with Directed MMUs onboard.  Every day leading organisations rely on Directed’s Data Analytics practice for connected vehicle insights and driver safety improvement. The Directed Technologies connected vehicle portfolio to be incorporated in the Arcimoto range includes a suite of next-generation vehicle and fleet analytics services, including video telemetry, smart maintenance, and business intelligence insights. Part of the Directed Group of companies, Directed Technologies has offices in Melbourne, New Zealand, South Africa, Hungary and Thailand. For more information, please visit Directed.com.au

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/37f6e5a9-4f01-4632-8152-de233a1e6d6c

FAQ

What is the partnership between Arcimoto and Directed Technologies about?

Arcimoto and Directed Technologies are partnering to introduce the Fun Utility Vehicle and Deliverator to the Australian market, focusing on sustainable last-mile delivery solutions.

What is the Fun Utility Vehicle (FUV) from Arcimoto?

The Fun Utility Vehicle (FUV) is an ultra-efficient electric vehicle designed for everyday driving and delivery applications.

When will Arcimoto's vehicles be available in Australia?

Arcimoto's vehicles will undergo a pilot program to test their suitability for the Australian market, with plans for eventual homologation.

How does the partnership impact Arcimoto's growth?

The partnership with Directed Technologies may enhance Arcimoto's growth by entering a new market and meeting the increasing demand for sustainable delivery vehicles.

What markets are Arcimoto's vehicles currently available in?

Arcimoto vehicles are available for reservation in California, Oregon, Washington, Nevada, Arizona, and Florida, along with preorders worldwide.