Arcimoto and Island Bike Shop Introduce FUVs to Marco Island for Beachside Rentals
Arcimoto, Inc. (NASDAQ: FUV) has announced plans to rent its pure-electric Fun Utility Vehicles (FUVs) in Marco Island, Florida, starting Q1 2022. This rental initiative will be facilitated through Island Bike Shop, a longstanding rental provider in the area. Mark Frohnmayer, CEO of Arcimoto, remarked on the potential for increased revenue and customer awareness by placing FUVs in popular tourist locales. Marco Island marks the sixth rental location for Arcimoto, joining existing sites in major cities such as San Francisco and Key West.
- Introduction of FUV rental in Marco Island could enhance brand visibility.
- Partnership with established rental provider Island Bike Shop may drive customer engagement.
- Expansion of rental locations indicates growth strategy and market presence.
- None.
Pure-electric Fun Utility Vehicles will be available in Q1 2022.
EUGENE, Ore., Jan. 11, 2022 (GLOBE NEWSWIRE) -- Arcimoto, Inc.® (NASDAQ: FUV), makers of rightsized, outrageously fun, ultra-efficient electric vehicles for moving people and stuff, announced today that FUVs will soon be available to rent in Marco Island, Florida through Island Bike Shop, a leader in Marco Island rentals for more than 30 years.
“We are thrilled to introduce the FUV to Marco Island, one of the premier tourist destinations in Southwest Florida,” said Mark Frohnmayer, Arcimoto Founder and CEO. “Island Bike Shop is a well-established rightsized transportation rental operation, and we’re proud to add the FUV to their line of customer options. E-bike shops represent a great ‘plug ‘n play’ opportunity for Arcimoto’s destination rental strategy, driving the potential to increase revenue per vehicle built, as well as generating the simplest form of awareness: people enjoying vehicles on the road in beautiful locations.”
Marco Island is planned to be the sixth Arcimoto rental location, with rentals also available in San Francisco, San Diego, Santa Monica, Key West, and Eugene, Oregon. For more information, visit Arcimoto.com/rental.
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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 in California, Oregon, Washington, Nevada, Arizona, and Florida. 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 Island Bike Shop
Island Bike Shop in Marco Island has the bikes and cycling equipment you want to make every ride enjoyable. Cruise the island on a comfortable beach bike or rent one of their motor scooters – however you’d like to get around, Island Bike Shop is here to help.
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
FAQ
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