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Two Arcimoto updates in one week? Well, we have more good news to share, so share we will. First and foremost…
Ladies and gentlemen, we have finalized our factory negotiations! Located here in Eugene, OR, not far from our design studio, this big (~30,000 ft2) empty box is the perfect space to build out our first assembly line, with room to execute the automated Phase 2 production plan immediately following. After a decade incubating the venture in the crucible of our design studio, the build team is ecstatic to have the room to begin delivering on the vision.
Be ready to receive an invite to our factory open house and IPO celebration!
Speaking of which, Forbes caught wind of our whole “going public” thing, and they had some nice things to say:
“Arcimoto intends to become the second pure play EV company to make a NASDAQ public offering – the first being Tesla(NASDAQ:TSLA), of course.” and “My sense is that Arcimoto has established a modern-era high water mark of capital efficiency by developing their new vehicle with so little invested capital.”
And they weren’t the only ones to hear about our IPO. CrowdDoing, a volunteer group from Advance Social Innovation, whose mission is to assist social enterprises (enterprises that help communities by solving their difficult problems) to grow, got so stoked about Arcimoto that they worked up an awesome and voluminous (28 page!) Social Impact Report about the venture. We put their report up on our http://arcimoto.com/invest page. And on that topic…
THIS IS IMPORTANT: we will be shutting down retail investment via the Arcimoto site this Friday, September 15. This is likely the last chance to invest in Arcimoto before we are listed on NASDAQ. Because of the 10 day time window needed to clear electronic checks, FundAmerica is no longer accepting ACH payments through our site, so any investment made during the remainder of this week must be by wire transfer. If you have interest in owning a part of the company and the mission, now is the time to head over to http://arcimoto.com/invest.
And as always, thank you for your continued support of Arcimoto. The road ahead is as exciting as ever.
An offering statement regarding this offering has been filed with the SEC. The SEC has qualified that offering statement, which only means that the company may make sales of the securities described by the offering statement. It does not mean that the SEC has approved, passed upon the merits or passed upon the accuracy or completeness of the information in the offering statement. You may obtain a copy of the offering circular that is part of that offering statement here.
You should read the offering circular before making any investment.
The offering materials may contain forward-looking statements and information relating to, among other things, Arcimoto, Inc., its business plan and strategy, and its industry. These forward-looking statements are based on the beliefs of, assumptions made by, and information currently available to the company’s management. When used in the offering materials, the words “estimate,” “project,” “believe,” “anticipate,” “intend,” “expect” and similar expressions are intended to identify and constitute forward-looking statements. These statements reflect management’s current views with respect to future events and are subject to risks and uncertainties that could cause the company’s actual results to differ materially from those contained in the forward-looking statements. Investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. The company does not undertake any obligation to revise or update these forward-looking statements to reflect events or circumstances after such date or to reflect the occurrence of unanticipated events.