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Arcimoto and JOCO Announce Manhattan Pilot Program for Last Mile Delivery Drivers

By May 16, 2022June 15th, 2022No Comments

EUGENE, Ore., May 16, 2022 (GLOBE NEWSWIRE) — Arcimoto, Inc.® (NASDAQ: FUV), makers of rightsized, outrageously fun, ultra-efficient electric vehicles for moving people and stuff, and JOCO, the world’s first Light Electric Vehicle sharing platform for delivery drivers, are teaming up on a pilot program to field test the Deliverator, Arcimoto’s ultra-efficient, three-wheel electric vehicle designed for local and last-mile delivery. The pilot program is anticipated to begin in Manhattan on June 15.

With more than 50 JOCO Hubs and across New York City, Chicago and Boston, JOCO operates a fleet of two thousand e-bikes for delivery gig drivers. During the pilot program, JOCO will market the Arcimoto Deliverator to local businesses and independent delivery drivers as a new sustainable delivery option available for daily and weekly rentals, offering greater range, convenience, safety and payload versus a traditional e-bike.

“We see this as a great opportunity to offer the latest electric vehicle technology to the business owners and drivers of New York City,” said Jonathan Cohen, co-founder of JOCO. “The Deliverator will offer independent contractors and delivery companies more ways to make money by helping them travel longer distances and carry more in an eco-friendly and cost efficient manner.”

“We’re thrilled to partner with JOCO to bring the first Arcimoto Deliverators to New York,” said Mark Frohnmayer, CEO and Founder of Arcimoto. “We believe that with every delivery, JOCO users will enjoy meaningful per-mile savings compared to gas-powered vehicles, rockstar parking and service, and a boost in brand awareness as the zero-emission Deliverator turns heads across Manhattan.”

Built on the modular Arcimoto Platform, the Deliverator features a top speed of 75 mph, 102 city mile range, 20+ cubic feet of cargo space, and a right-sized footprint that allows three vehicles to be parked in a single space.

Arcimoto vehicles are currently available in Arizona, California, Florida, Nevada, Oregon, and Washington. As soon as customer sales are ready to begin in New York, Arcimoto will reach out to preorder customers there to complete their vehicle reservations. You can place a $100 refundable preorder at Arcimoto.com/order.

For the latest stakeholder update, check out our RAMP IT UP presentation. Follow Arcimoto on YouTubeFacebookInstagramTwitterTikTok, and LinkedIn. Investor information about the company, including press releases, stakeholder webcast replays, and more can be found at http://arcimoto.com/ir.

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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. 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. 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.