The story
History
Mark Frohnmayer, an engineer educated at Berkeley, founded Arcimoto in Eugene, Oregon, in November 2007.source 1 Its idea was an electric microcar laid out as a three-wheeler: a pair of wheels in front, a single one behind, and two seats one behind the other.source 2source 1 The prototypes came by generations. The third, the “Pulse”, was shown on 23 September 2009 with a target price of $20,000, and the firm took $500 deposits. The SRK followed on 23 April 2011, with 89 hp and four body designs, and in April 2012 a pilot run of 40 sixth-generation SRKs was planned, at $41,000 each. The eighth generation was steered by handlebars instead of a wheel.source 1
In 2017 Arcimoto raised money through a Regulation A+ offering and was listed on Nasdaq under the ticker FUV. It leased a factory in Eugene from 1 October, the Arcimoto Manufacturing Plant, which opened on 29 November with room to build up to 5,000 a year.source 1 At the Los Angeles Auto Show at the end of that month the first SRK was handed over. electrive reported a base price of $11,900, two motors, 130 km/h (81 mph) and a range of 100–200 km (62–124 miles).source 3 That was a pre-production car; the FUV itself was presented in February 2019, and its production was launched, with the first deliveries, on 19 September 2019.source 2source 1
The Fun Utility Vehicle
FUV stands for Fun Utility Vehicle.source 2source 1 The production car has 57 kW (77 hp), and reaches 60 mph in 7.5 seconds and 121 km/h (75 mph) flat out. Its battery is given as 20 kWh, or as 19.2 kWh with a 12 kWh option; in town it goes 164 km (102 miles) on a charge, but at 70 mph only 51 km (32 miles).source 2source 1 It measures 2,896 mm (114 in) from end to end and 1,499 mm (59 in) across, and costs $17,900 before options.source 2
Arcimoto built it into a family. The Deliverator had one seat and room for 159 kg (350 lb) of cargo, and in July 2020 electrive reported on Deliverators for Wahlburgers in Key West, Florida. The Rapid Responder was for the emergency services; the Cameo had a seat facing backwards for filming; the Roadster, priced at $23,900, had neither roof nor cage; and the MUV, a flatbed, was built only as prototypes.source 1source 4source 5 In July 2021 the company showed a pre-production FUV for driverless operation.source 2
Boom and bust
In January 2021 Arcimoto bought a second plant in Oregon, of 17,200 m² (185,000 sq ft), expected to build 25,000 a year, and on 26 January announced that it would buy Tilting Motor Works, a maker of three-wheel conversions for motorcycles, for between $9.25 and $10.25 million.source 1source 6source 5
This amazing technology manages to combine added safety and stability of a three-wheeler with the ride sensation of a two-wheel bike.
In February 2021 the company was valued at $1.2 billion.source 1 Production at the new plant began in March 2022.source 7 On 17 January 2023 it told the Securities and Exchange Commission that it had stopped, and its shares fell by 60 per cent that day.source 7
We have halted our production of vehicles and will require substantial additional funding to resume production, which may not be available to us on acceptable terms, or at all
Christopher Dawson became chief executive in April 2023. The report for the third quarter showed $9.5 million of overdue bills and $232,000 in cash. The website went dark in April 2024, the shares were delisted from Nasdaq in May and traded over the counter as FUVV, and in May 2025 a simplified website reappeared, offering the FUV and the MUV.source 1

