Arcimoto Temporarily Suspends Electric Vehicle Production at its U.S. Factory in Effort to Boost Containment of Coronavirus

Arcimoto, Inc.® (NASDAQ: FUV) announced that it will temporarily suspend all production of the Fun Utility Vehicle through April 17, 2020 at its U.S. factory located in Eugene, Oregon in response to the rapidly evolving coronavirus pandemic. The company will maintain a work-from-home staff to push forward critical operations, including compliance and reporting, research and development, customer service, and deployment of the company’s recently-launched Rapid Responder and Deliverator pilot vehicles to key potential fleet operators.

“We face truly unprecedented times, here and in every community around the planet,” said Mark Frohnmayer, Arcimoto Founder and CEO. “We moved to a work-from-home model for everyone who could and implemented aggressive social distancing and sanitation policies in the production facility last week. As we have been monitoring the rapidly-changing nature of this pandemic, we have concluded that we cannot properly ensure the safety of our production team until we have personal protective equipment and adequate COVID-19 community testing resources in place. As such, we’ve made the necessary decision to temporarily suspend production. Today’s action is the right decision for our team, their families and for our community.”

About Arcimoto, Inc.

Headquartered and manufactured in Eugene, Oregon, Arcimoto, Inc. (NASDAQ: FUV) is devising new technologies and patterns of mobility that together raise the bar for environmental efficiency, footprint and affordability. Available for pre-order today, Arcimoto’s Fun Utility Vehicle is one of the lightest, most affordable, and most appropriate electric vehicles suitable for the daily driver. For more information, please visit www.arcimoto.com