Arcimoto Broke All The Establishment Rules About EVs. Here's Why It's Doing So Well
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- เผยแพร่เมื่อ 10 ม.ค. 2021
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Oregon-based Aricmoto has just announced that it has acquired a new production facility that's five times the size of its current headquarters and production line.
Its share price has soared more than 700% in the last year alone. Yet it produces three-wheeled, two seat electric vehicles that have a limited range, no rapid charging - and even doors are an optional extra.
On paper it's managed to break every single standard rule about automotive startups. How is it still a success?
We've got some ideas to explain that.
Watch the video above to find out more, support us with the provided links, and let us know what you think below -- but remember to keep your comments civil!
Presenter: Nikki Gordon-Bloomfield
Produced: Transport Evolved
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Nikki, how do we get our broader media to do the kind of well-balanced, fair and competent reporting that you do? Please don't stop doing what you're doing anytime soon! I really appreciate you and the Transport Evolved team. You're awesome.
Not sure how balanced this particular segment was. It was an out and out hagiography. They did everything right, did nothing wrong, they are all wonderful and they just happen to reside in my home state. No mention of Aptera, by the way, which would certainly merit a mention. They are also 3-wheeled electric vehicles and also being advised by Sandy Munro.
We were early adopters after getting a test drive about 4 years ago.
We received our FUV the end of January, the main purpose is the Fun.
It is now attached to the back of our small Motorhome as our main transportation while camping. Even with a box trailer, it is less heavy than hauling around a Prius, and much more fun exploring the places we visit.
January what year?
Tell us your experience with it.
End of Jan. 2021 on my birthday!. We have a 7x12 box trailer to pull behind our small M.H. Have traveled around the West Coast camping and use our 'Arky' to explore every destination.
Still waiting for our number to come up for doors, as the weather hasn't been conducive to riding on the PNW coast since last Fall, except for a few days here and there.
Love our Arcimoto. It is the perfect vehicle to explore destinations worth visiting where parking is an issue. It's super fun to ride, stable and comfortable at freeway speeds, and has enough trunk storage to make excursions from base camp fun and productive.
Having doors will increase the
amount of time we can rely on it as our go to vehicle for sustainable daily travel.
@@lynnhelgedalen7945 Nice endorsement. Hope you have many miles of fun with it.
Short explanation: The CEO has tech work experience and isn't greedy.
@@robertcarlos8888The statement still holds true. it's expensive does not mean the CEO is greedy. The cost of manufacture needs to go down first through economies of scale and better processes. Then, we can see some of those savings pass through in reduced prices.
One other point people tend to gloss over is the importance that has been put on efficiency , the Arcimoto FUV is very efficient and Mark
is working to make it more efficient , in fact I think it's an obsession with him. 300 miles per gallon equivelant.
Let's hope they continue, we need more small, clean, fun vehicles.
" we need more small, clean, fun vehicles." Do we, really??
@@peteaulit if you are being pedantic... we could do with fewer vehicles overall, but we need more choices for small, clean, fun vehicles to replace existing big, gas-guzzling, boring cars.
@@kkobayashi1 nah I wasn’t being pedantic. Just wanted some clarification as to your statement that was short
Aptera is another choice 👌
No we don't. We need commercial ev
This would be even cooler with snap on accessories, like different color panels, doors that can be removed, clear plastic windows for rainy days, and a back seat that can be removed and replaced with a storage container for large grocery shops. It would be the swiss army knife of vehicles.
Removable doors are an add-on option. Rain doesn’t enter the cabin while in motion; they recently uploaded a video to their own channel demonstrating this.
@@RealBenAnderson if we have watched the same video they are less doors and glorified tarps
I think that it could easily tow a small lightweight Trailer as well .
has most of this I understand...
IMO, if there is an opening.. Rain water has a way of finding its way..
I could see myself doing a daily commute in this.
It's basically a more fun smart car.
These days, my commute is from the bedroom to the kitchen. When COVID gets fixed, I would need something with a bit more cargo space. A box behind the passenger would do.
@@kensmith5694 isn't that exactly what they offer ?
@@stickysquirrel5687
I think to have the box you lose the back seat.
@@kensmith5694 the big one ,yes but not if you choose the smaller luggage box in the back
Until you get hit
Arcimotos are such cool vehicles. They will be an amazing classic motorcycle some day.
Thanks for the coverage of Arcimoto, I’m a reservation holder and excited for the opportunity to drive my very own some day. Frankly I’m okay waiting as well as I’d like a wee bit more range as my metro area is sprawled and mixed driving is the norm.
our boss has one of 3 outside of the US in New Zealand, its amazing to drive and I believe a real option for clean commuting with pretty much no running costs. My son loved being dropped off to school in it :o) Great news on the new facility, hopefully this will lead to a more realistic sales price
Say hi to Dave! :-P
Good to hear that as I may look into getting one.
Love Arcimoto. Perfect 2nd runabout vehicle. Bought more shares in FUV for long term boom
Thanks for doing a story on this vehicle. I hope I can take it for a test drive someday. I truly feel it's appropriate for that local commute.
I've test driven a FUV twice. I believe you'll be impressed by its safe, solid feel and responsiveness. i was. I'm waiting for them to start selling in Texas.
Cities aren’t getting smaller. This is the perfect vehicle for those use cases. Also being able to go where big vehicle can’t (university campuses green area) makes them ideal for quick medical emergencies.
Great video - thank you for making it! I live in Key West and see vacation rental FUV's being driven around town - huge smiles on all of the drivers/passengers. It's a perfect vehicle for our small (2 miles wide x 4 miles long) island with narrow streets, limited parking and a tropical climate. Us locals appreciate the lack of noise, smell and pollution when compared with the ubiquitous rental scooters that plague our island.
because they did what Elio didn't even bother to.
A lot of tourists that don’t feel capable riding a scooter will go for this in a minute! It could be used to deliver food bank boxes to home bound people. The 120 mpg equivalent is very attractive. Ideal to run errands with around a small city.
None of the motorcycle negatives....noise, bugs, Balancing, special clothing and sitting on top of a hot engine!
,
It's an outdoor fun vehicle, not a car. It will find its niche. In some ways Arcimoto competes more nearly with Polaris than anyone else.
The roadster version is a pretty Strong competitor
It is competitive in that huge market, but it has a lot more potential demand. And it would be good for urban land use if vehicles get smaller.
@@michaelcre8 why do vehicles have to "get smaller"? The most efficient means of transportation already exist, a bicycle. These things are underbuilt and will not be able to withstand a fraction of the miles a regular vehicle these days can drive.
Its kinda like arimoto talks out of its butt. Its talking that they are going to change the transportation industry, but vehicles like these have been around for a long time now. Nothing new to see here, only a hype company looking to sucker investors with fancy words and hype.
example: can am trikes have been availe for over a decade, you see them everywhere? Lol i have only seen one in person on the road in my life. Hardly world changing.
A easily removable rear seat and cargo kit for the same space would make it a lot more useful. Really, I just mean a big basket for where the rear seat went - someplace to stash groceries or stuff from a Home Depot run...
An easy mod, I've done the same on my tandem seat airplane.
@@portnuefflyer I wonder though if the rear seat would be easy to remove. There's no reason to believe it would. I know they can be - like in American minivans. It would be great to be able to switch easily.
Maybe just a custom fit "basket" that could ride atop the seat without abrading it.
Nikki, great video... as usual. I live in Philomath, Oregon (90 miles South of Portland, 45 miles North of Eugene, 8 miles West of Corvallis). We have owned an FUV for about 7 months and my wife commutes in it every day. We use it for grocery shopping and local errands. We can drive it to Eugene at highway speeds, though it needs a charge-up once we get there. So any errand to Corvallis, Albany or Lebannon is within our reach with the Arcimoto. We have a second vehicle for long trips, but have dramatically reduced our fuel expenses by using the FUV whenever possible. Not only does it save us money on fuel, but it lives up to its name and is a lot of fun to drive or ride in. We have the trunk and door options so do not get splashed by other vehicles in the rain and have lots of room for grocery bags. We now have almost 4,000 miles on the odometer and are still very happy with the FUV.
I agree with Roger, I live in Queensland, Australia, with perfect weather, I would think seriously about buying one if the price was right. I want something simple and fun to drive. I love this vehicle
Right on!!
Once it drops around $12k I will buy one. Houston, Texas will do just fine.
Lucky Luke : huh, that much, no way!
The lack of a body increases drag, needa a single door on the kerb side and a body on the other.
If only they had a team of intelligent engineers who had thought of that, tested it, and discovered that you’re fully wrong.
They have a door option, all the videos just like to show off the no-door option
Yeah kerb side door on both sides same vehicle could then drive in any country in the world without adaptations for lefthand drive Vs righthand drive
AKA two doors please 🇮🇪🇮🇪🇮🇪🇪🇺🇪🇺🇪🇺
At first I thought it was a joke but then you said its a motorcycle replacement 👍
Yeah I can see that
Like Tesla, Arcimoto promise a solution(s) that enhance our enjoyment of life, and help bring a better future. Like Tesla, they’re an ‘honest’ company with strong purpose.
One of these is going to join our Tesla when it comes to the UK. We don’t ride our motorcycles now, and this will great for that feeling of being part of things.
It’ll be brilliant fun off road and in the snow, and a fantastic, affordable runabout for the young (or any age). And as they demonstrate, for businesses, response units etc.
Have no problem with Gali on the board.
May I ask why you prefer the Arcimoto over a Twizy?
They're both inline 2-seater EVs, I personally prefer the Twizy because it's more narrow (I live in a medieval city in Belgium), can be had cheap secondhand, and there's some aftermarket (batteries and performance) for it.
I'm a TSLA shareholder, but the Twizy is one of the main things holding me back from investing in Arcimoto.
@@BodyDestruction Yes, I’ll try. The Twizzy is perfect for tight spots, but for me, lacks the ‘motor-trike’ excitement of the Arcimoto.
The Twizzy looks like a collaboration between the marketing department and design team, working to a conceptual brief around a ‘futuristic’ little city runabout. With necessary cost cutting required for economy of production.
The Citroen. Ami (which is great in theory), suffers in my view, from the same ‘make a modern and recyclable looking green car’ that legacy car manufacturers seem to think the public demand (and will offset their investment in ICE vehicles...I know that’s cynical). You’d get range anxiety just driving to the nearest post box.
The Arcimoto on the other hand, looks designed from the ground up, with the aim of producing a serious, and exciting vehicle, that provides real-world performance, whilst being of a form factor that enables economic production without compromise...whilst being sustainable and pollution free in use, (and addressing the problematic ramifications of using large family vehicles for short/medium range hops to the shops etc). Looking at it, I get the feeling that the Arcimoto arose from solid and genuine intent...rather than a ‘green’, ‘fashionable’ notion.
It’s got good suspension too, apparently.
@@cbromley562 thanks, those are some really good arguments. We're looking for different things, I merely need a moped with a roof :D
The Citroën Ami... I've driven some diesel and gas powered 4-wheelers in the same class recently. They might look like tiny cars, they're absolutely not. They feel like a plastic 2CV, a Twizy feels solid and swift in comparison (but still slow next to a motorcycle).
The Ami seems built the same way, and it's half the price of its ICE peers, there's been some serious cost cutting there.
Most importantly it's a 4 wheeled moped, it doesn't have to meet any car requirements or do expensive car homologation. It's nice but not a car and therefor not a serious effort from a car maker.
I just checked the specs and the Arcimoto goes way beyond what a Twizy can offer: it weighs twice as much, but offers twice the top speed, twice the range and 4 or 5 times the power, over 100hp/metric tonne, that's quick :)
This can really replace a car and offer motorcycle thrills, all for less than a slow electric car (Fiat 500, E-MINI, Smart EV, ... They're all over 20k).
@@BodyDestruction I see what you mean about the Twizzy being a moped with a roof, and if Renault were serious about it, and took it from the ‘novelty’ stage, it might take off?
I used to drive a 2CV, until it fell to bits ;). It was a superb vehicle...rugged and very capable...designed for a purpose, (and fit for it). Maybe that’s partly why the Arcimoto appeals.
Anyway, after seeing your enthusiasm, I’m going to give the Twizzy more consideration. Although I think, for me, the Arcimoto wins out on ‘fun’ and versatility.
Only driving/riding them would decide the matter, I guess...although, the heart goes with the Arcimoto. Yep, I’m going for it. ;)
@@cbromley562 follow your heart lol
A Twizy is going to be underwhelming if you're used to motorcycles, the Arcimoto is far superior, but do take a test drive just to experience the difference ;)
Imagine all the metal in your 2CV replaced by plastic, the styling ruined and the suspension absent - that's how "moped cars" (except a Twizy) feel :D
But I'm mainly enthusiastic about the Twizy because a used one can be had from around 3k, that's moped money.
And the narrowness, anything over 140cm wide is (also physically) restricted from a lot of streets here, but that's just where I live, anywhere else it wouldn't matter.
(Arcimoto is 155 cm wide, Twizy 123 cm)
Why they succeded: They made a NEV with decent power and batteries; a highway capable golf cart. No company operating above 15 degrees Celsius will ever buy a small car again.
Sure they will, many companies prefer enclosed weatherproof and more secure vehicles that can hold more people and cargo
Frohnmeyers unrecognized genius is that the platform is finding a way to get people to drive an electric vehicle for the first time. Instant torque, low center of gravity. I drive a 9 year old leaf. It accelerates and handles like a sports car, as does pretty much every electric drivetrain vehicle. I'd love to see a "Baja Bug" variation of the FUV.
My wife Diane is disabled plus we have a little Shi Tzu that requires doors. We have been waiting about a year for our FUV that will have doors and the luggage box. Was so happy to see the dog in the back seat with his safety harness. We are like many who want something more like a motorcycle without gas and safe to drive. So far we have purchased the little trailer to tow in back of our motorhome plus a storage shed to keep it out of the hot Florida Sun. Our roof solar panel will keep it always ready to drive with a full charge.
A vehicle for a very niche market: people who want a motorcycle but not actually want a motorcycle.
I know a lot of people who don't really need the extra seats or luggage capacity of even a small car, but think motorcycles are dangerous and smart cars are just way too expensive for its features
@@abd4620 Honestly, with depreciation, Smart cars are the cheap car to buy if you needed a small vehicle to commute. They’re like $7k or less for a fairly new model.
@@johnbuscher you mean buying a used one ?
yep. like the CanAm but less... everything actually.
@@abd4620 those people need to get their head checked out if they think that this thing is safer than a bike unless they don't have good balance...
Looks an awful lot like a Polaris Can-Am Spyder. with a roof.
If you want to pronounce their headquarters location as a local... Eugene is “You-Jean”. Thank you for the update.
The three-wheeled Can-Am Ryker & Spyder sell quite well and look really cool (not electric, but the form factor is the same as Arcimoto's).
Agreed. I often see newly retired boomers puttering around town with a Can-Am Spyder.
Looks like half bike half snowmobile.
Does it cost more or less than a FUV?
@@jimdetry9420 If the price quote here is correct then it costs less.
@@abrahkadabra9501 Thank you.
I think it's brilliant. I would work for this man. I'd work in his company. The bike that's just right to get you around town or hire at a scenic holiday destination. They'd be awesome at Norfolk island. Thank you for a very informative presentation.
Look like a perfect vehicle for a daily commute
Dimensions aren't much smaller than my Imiev and that has 4 seats doors and a boot. I can see the attraction for those who want some fresh air fun in warmer climates. Hope they succeed.
Arcimoto addresses the sweet spot of real world individual transport. I look forward to owning an FUV after they scale up production.
I've followed Arcimoto for most of 2020 and after digging in I bought stock in it. I like the founder, they don't pretend to replace cars, they offer simple (and hopefully cheaper, soon) vehicles that are great for errands, just cruising and having fun, and I think the idea for first responders is a major plus. I'm happy Sandy is involved and suspect that will be the key to a lower price point while maintaining good quality. I really like Elon, but shame on him for not lending a hand to Arcimoto. No, it's not as safe as a Tesla and never will be, but for it's use value, I don't see it being a vehicle with high accident rates. This trike could be great for certain amusement parks, zoos and other institutions with high visitor rates. I mean, I'd pay 20-30 dollars to rent one for a few hours at a zoo, maybe even 15 to 20 dollars per hour. I could tour the zoo and if I really wanted to spend more time at certain attractions, I could always walk there afterward and enjoy on foot. I could see the use case for maintenance in Disneyland, Knotts, Magic Mountain and theme parks as well as a good security vehicle. I think one could invent niche uses for this vehicle for a long time to come.
It's not quite for me here in the foothills of the Pennines in West Yorkshire, but in warmer climates it's certainly got possibilities as shopping bag on wheels and runner of small errands, and I love the idea of a runabout for tourists. I hope the company does well, because their honest approach and lack of greed deserves success.
Great video, keep up the good work!
Appreciate the emphasis on both negatives and positives. Wish the media was as well balanced and objective as this video
I’ve watched this company from the beginning and have asked them about delivery to the uk, but not yet. I’ve watched your for years and love the bits you bring to us, thanks. Pat
Excellent idea, thanks for informing about this interesting fun vehicle :)
I’m biased about Arcimoto!! I think their potential for scaling is in Asia. (India, Vietnam, etc.. not China)
Great to see them doing well. I really like the concept and idea behind their F.U.V.
Won't be getting one myself (northern winter, single vehicle home) but wish them all the best.
I love this company
your doing great!!! really respect your to the point rational view point!!! not many people do that anymore!!!
As a stockholder I really hope that they succeed! I didn't buy in early, I don't have many shares, but buying EV stocks with my IRA has been very exciting!
Great report team !! There is lots of room for alternatives to 2 strokes engines or boxy cars, this is great,
I think one of its big selling point is “fun”. Great marketing but it also makes you imagine driving in the open air design and that’s exciting. I can imagine this taking off in the under 30 population, especially if they manage to lower the price to 10-12k. And having rentals at college campuses. I think it could be a huge seller.
If they can make this in the 10k to 12k range they won’t be able to build enough of them.
I was so impressed with the CEO. I purchased 400 shares. At just under $4. Then saw the stock dip to $1. Never sold. Now it’s at 18. I have faith in the company. I will rent the arcimoto when on vacation.
I Shute hope Arcimoto succeed. I look forward to owning one someday. It would be the perfect work commuter for me and far more practical than a motorcycle.
Hope this company explodes all around the world. I can see this being very popular in India and China.
Africa
Agree!!!!!!!
I’m from India.
Price needs to drop below $5000. Power can be reduced.
Here car companies sells a
4 door small gas car for about $5000.
So it’s a tough sell.
@@KamleshMallick Ah i see. Well good thing Arcimoto is getting Sandy Munroe to help them with design and how to lower manufacturing costs :D
@Mark Campos New gas cars are sold from 5000-6000 USD
Search for “Maruti Alto 800”
Although now the trend is to buy big cars/SUVs here in India too. It sucks.
The Big ICE manufacturer mafia is not interested in EVs.
Only Tata has some EV vision. Thier new Electric compact SUV called the Nexon EV is doing very well.
Things are changing. But the action is in the electric scooter 🛵 2 wheeler segment. Tons of startups launching cool EVs.
Roll cages are great until you grab them while rolling...
Yeah, maybe a couple of grab handles inside the cage would be useful.
This "car" will spit you out before you can even grab the roll cage. It's a motorcycle.
@@onsokumaru4663 ...hasn’t it got seatbelts though ?
@@copaloadofthis It sure does, and I think current versions have a more harness-like seatbelt.
@@onsokumaru4663 They have a very secure seatbelt system, which use dual “cross chest” seat belts. It’s more a shoulder harness then a seat belt; so, no you won’t be thrown out.
My second EV love, after my beloved Vectrix, was the Aptiva - delighted both Aptiva and Archimoto are working with Munroe to beat a path to production. Thanks for great video, Eamon
Thank you Nikki, another sweet show! I've got a soft spot for the smaller 2 & 3 wheel EVs.
Good presentation!
I want one - it looks simple and that is the good thing and you could probably make a special bag/box to hang on the frame for shopping in the back seat.
The Deliverator will make an excellent minor emergency medical vehicle with built in handwash/hydration station for large events or disaster abatement.
It's good they called it FUV, fun is the best reason for this vehicle.
I would want doors even in southern California.
I invested in the company and also have ordered one! Nice video!
Florida wants Arcimoto!
Another positive is you don't have to worry about smash and grab as there are no doors or windows.
No air bags or catalytic converter or powerful stereo to steal.
Awesome segment!
The game Dev comment got my. So proud of these guys.
Great review 👍
I want to see how it holds up to a couple Canadian salty road winters.
Cheers
As you know. A big fat Harley Davidson motorcycle goes for $25-30k. An Arcimito at $17k is no biggie. Just say'n red. I can see bigger versions in a few years. I'd like to see a version with two seats up front. Will it fit (too heavy?) in an RV toy hauler? Sweet!
I'd make a removable shade for that clear over head skylight, my plane has similar, and I cover it fully half the year, using that foil bubble insulation.
They should sell more shares. Cha ching!
Very good presentation , the top two things I believe you must fix are the distance it can go on a charge and the price which must be radically reduced. please forge ahead.
I'd like to see them add a faster charging option, like a 9.6kw AC charger. Also, this would be a big upgrade over a golf cart in a retirement community.
If I was on holiday in a hot country, say Thailand, and the hotel had them to rent out, it would be perfect.
I do have to admit that I had reservations but seeing that it can be enclosed and seems to function well in inclement weather I am now sold on the idea and it looks like a hoot to boot!
Forgot one of its advantages; frontwheel-drive.
If you've got 2 cars & a family it's difficult to move towards sustainability. The Arcimoto offers this for those who have nearby needs, replace one car, be cool at the same time & be safe.
I think that they will be alright in the market. They have found those niche segments to start out with and should be able to widen their audience as time goes by.
I love this company. I'm buying one as soon as they hit my Tri-State area
Thanks, good video. I like the Aptera 3wv too.
Living in Germany where it rains 🌧 often the enclosed cabin would be great but the windows should be in able to go down to experience the wind in summertime. To go to my workplace 2 km away so I would use it.
Windows in most car's are fogged up in the morning. Im sure it will be the same with this.
I really would like to have this automobile despite a minor problem.
@@BentReality.369 Yeah but 2 km ride does not hurt at all.
You ever go to work in the morning and your car windows are fogged up.
Great breakdown. Go Arcimoto!
Thumbs Up for Arcimoto!
Was it the new or old version of the deliverator in the video? I have seen one with narrower and smoother luggage compartment.
USPS could use these....They need to work on that center tunnel however...Make it easier to hop in and out of....I see this primarily as a delivery and fun vehicle which is in line with their marketing but, I think they should focus on making it delivery friendly.
Love managers and companies like this!
The Deliverator.... Nice... Re-reading Snow Crash currently, so this made me smile... ;-)
At todays exchange rate that is 22,000 Australian dollars plus GST and export costs so maybe 25k AUD plus registration. There are a lot of frustrated drivers/riders in Oz that want to get into the EV market but struggle with the entry price of $50K for a Nissan Leaf and $50K for a Harley livewire . Would love to see them come to Australia and we have the climate and Tourism industry to support them the same as Florida.
I could see these selling well in India, and places like Taiwan. (Oh, and I'm a FUV stock holder)
Need to drop the price by a lot first - which means scaling up and improving production process (crossing fingers for Sandy Murno to do some good there,) and for batteries to become an order of magnitude cheaper.
@@AnonymousFreakYT Yep, I invested when I heard Sandy Monroe was involved. Wishing them luck!
@@richardalexander5758 Yep! I've been in since the IPO, invested more in 2018, and more again late 2019 (just a few cents above their all-time low.)
@@AnonymousFreakYT THere js a young as yet childless professional class there that would appreciate it. It would be niche market product, but that is still a big market.
@@AnonymousFreakYT Good work!. You must have been excited to see this new plant in the works.
EUDM: $17k seems expensive, but the cheapest Twizy 80 is €12k now, and not really highway capable, or you could spend €7k on a 45km/h Citroën Ami.
With cheap new cars disappearing (EV still too expensive, ICE too complex) and the used car price hike of recent, the Arcimoto could displace a lot of cars.
Critics will say it's not suitable for winter, but it's waaay better than a motorcycle, and also: What winter? We're growing olives north of France now.
I live in Eugene and have seen some of these around town. I think price was also a factor in this companies demise. When I first saw one, I thought it would be a good idea to have one for running errands around town. But the base price started around $17,000 and that was a stripped down base model. Since it rains here a lot and is cold for several months, once you add doors, heater and other stuff, your in the $20,000 to $25,000 range. Also, there are A LOT of bad drivers here so safety was another concern of mine. Even though it met the government standards for safety, I still felt safer in a car with all the airbags, crumple zones, etc. Still, it's always sad to see a company have to file for bankruptcy.
Terrific analysis. As a local, I have watched this company grow and develop prototypes through the years, and the one thing they have never done is promise the moon. (I am looking at you Aptera and Lightyear . .)
I would love to get one of these but indeed the price in a huge barrier. This would make an excellent commuter and would be extremely fun to have. I have a big truck and a travel-trailer and it would be awesome to have one of these along for the trip.
You are seeing the iterative approach extending to industry. It never was software specific. That, with mass customization is going to be the new normal. Nice coverage - appreciated the business side!
My perspective on this is that they've been very very smart - if an EV is the same price, and size of an ICE car then it needs to have the same capabilities across the board because it needs to be a replacement. These smaller, cheaper, simpler EVs will mean that becoming a 2-car household/person is much much easier, you can have the ICE sedan for those long trips or when you need to transport stuff, but 95% of the time you just need to get into town and home again.
I think you’re right that price is a little nuts. Dacia Spring is going to be little more than that and Super Soco electric motorbikes are under $4000 in the U.K. I feel like this needs to sit somewhere in the middle of those
I am really falling in love with the arcimoto car/motorcycle I would love to have one so much
Living in both the frozen northeast USA and in a semi-rural area (not to mention doing 180mi trips regularly in non-pandemic times) one of these wouldn’t suit my own needs, but I do totally love what they’re doing.
Nikki does a great job here laying out the various roles and environments the FUV is good for, and I’m excited to see the company continue to expand and grow.
$17k is a lot of money but compared to a HD Livewire or Zero electric motorcycles it's a bargain.
Zeros are nice looking, but man, yeah. Nearly $20k for one is insane, or more than $20k. At that point, if Aptera is actually going to release, you may as well buy that and get 200 miles of range in a completely enclosed cabin.
Phew, I thought she said 70k!
Competitor might be a Kandi NEV, $17k, $10k after incentives. Enclosed. Maybe not as fun. But utility.
I think this company will ultimately succeed. The longer and wiser a company sticks around, then the better the chances of its long term success will be. Obviously, this company has been able to put together a good company board of directors who are comitted to the long game.
I want one. I think the company is sound and well managed and I think they'll do very well in the electric decade coming up.
Brilliant - love it.
And their share price has gone from $7 to $17 now. Some people feel that it is under-priced.
I'm surprised that it is succeeding as well. But when Sandy Monroe became involved I knew it had potential.
An outstanding example of a niche marketing and production product that I predict will do well in the future.
I've been excited about Arcimoto for some time now. I am, admittedly, in their target audience and plan to purchase one as soon as they're scaled up and regularly delivering across the US. I've also thought about putting a down payment on one and even-gasp!-buying stock. That aside, it's exciting to see them continue to grow and evolve, all while proving there really is more than one way to start-up and run an EV mobility company.