[Sent as an email to our newsletter list on August 15, 2018. Sign up to receive these emails here. Already on the list but aren’t receiving our emails? Contact us at email@example.com to sort the problem.]
Big week here at Arcimoto HQ as we just reported our second quarter financials. Where to begin? How about here, with Mark’s quarterly update. Watch our intrepid founder zip through the streets of Eugene, sharing all the latest company highlights, from the completion of our Signature Series to a tour of the Arcimoto Manufacturing Plant featuring laser-cutting robots, to the rollout of our first Beta vehicles. Did we mention the laser-cutting robots?
For even more Q2 action, you can check out the complete recording of the earnings call here.
In the coming weeks, we plan to open our first Arcimoto rental location, here in Eugene, Oregon. Our goal is to create a complete customer experience center, where you can kick the tires, take a test drive, and rent an FUV for an hour, or a day. We believe the rental model is going to be a huge part of what we do, as it allows more people to experience the FUV as quickly as possible and as inexpensively as possible – first in Eugene, then in tourist destinations around the world.
Speaking of destinations, in July we visited our friends at HulaCar in San Diego, who plan to open a second rental location in the coming months. Hula is creating nothing less than an EV Oasis, an electric hub where you will be able to plug in your vehicle (and rent it out!), grab a cup of fair trade coffee, and relax while pondering a not-too-distant future of autonomous electric FUVs chauffeuring the good people of San Diego to Comic-Con, the beach, and back to Comic-Con. We’ll have more updates on Hula soon, but the most important takeaway here is we definitely brought the FUVs to Comic-Con, because Comic-Con. And yes, we did challenge Batman to a drag race in the Batmobile, but he just mumbled something about “display only,” and trudged away. We’ll chalk that up as a forfeit, Bruce.
We’re in the process of building Hula’s vehicles at this very moment. Before the end of 2018, our goal is to complete the Beta Series, complete production on the ensuing Pilot Series, and then roll into full Retail Series production. If you pre-order an FUV today, we aim to have it in your driveway late next year.
If you want your FUV even faster, come help us build them! We are rapidly growing our team here at the AMP, with new hires joining us from across the country to help power the EV revolution. We’re now up to 76 teammates and counting. If you have a very particular set of skills, skills you have acquired over a very long career, skills that perhaps rhyme with “schmengineering,” check out our jobs page. We would love to have you.
Here’s a fun fact: 2018 marks the 40th anniversary of National Lampoon’s Animal House, filmed right here in Eugene. If you’re in the neighborhood this Saturday, come on down to Cottage Grove where Arcimoto will be driving FUVs in the Animal House anniversary parade before we attempt to set the Guiness World Record for world’s largest toga party! If you don’t show up, you’re officially on double-secret probation. Full event details here!
And there you have it. Another quarter in the books, with a very exciting ramp up to Retail Series production by the end of the year. On behalf of Team Arcimoto, this is Jon Miller, your friendly neighborhood communications specialist. We’ll see you on the road, and don’t forget to recycle.
Except for historical information, all of the statements, expectations, and assumptions contained in this newsletter 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. 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 effectively execute on our business plan and growth strategy; the volatility of our stock price; our ability to design, manufacture and market vehicle models within projected timeframes; our dependence on suppliers; the number of reservations and cancellations for our vehicles and the ability to deliver on those reservations; our reliance on key personnel; our ability to manage the distribution channels for our products, including our ability to successfully implement our direct to consumer distribution strategy and any additional distribution strategies we may deem appropriate; 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; and changes in laws or regulations governing our business and operations. 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.