FUV Arcimoto Inc

Arcimoto 'Presses Start' with Inauguration of New Manufacturing Facility, Celebration of 2,000 Pre-Orders and Showcase of First-Ever Production Vehicle

® (NASDAQ: FUV), makers of the world’s first Fun
Utility Vehicle™ (FUV) — an affordable and practical pure electric
vehicle for everyday commuters and fleets, today announced highlights
from the “Press Start” celebratory grand opening of the Company’s newly
renovated Arcimoto Manufacturing Plant (AMP) located in West Eugene,
which took place Saturday, November 11. More than 700 friends and
supporters of Arcimoto took part in the festivities, including company
executives, staff, investors, media, and government dignitaries. The
event marked another key milestone for the Company, having recently
surpassed 2,000 pre-orders for the Arcimoto FUV, representing a total of
more than $30 million in anticipated revenue.

The evening’s events featured tours of the new 30,000 square foot plant,
food and refreshments, live music, and more. The plant tours included a
first look at Arcimoto’s newly delivered, state-of-art
fabrication equipment
which can scale to produce an estimated 28,000
FUV chassis and frames annually. In addition to commemorating the plant
opening, everyone on-hand helped celebrate the completion of the
first-ever Signature Series FUV production vehicle.

here to view Arcimoto “Press Start” Grand Opening Celebration Highlights

“The grand opening celebration of our new plant was truly a
once-in-a-lifetime experience for the team, and we were delighted to
share the evening with so many friends and supporters,” said Mark
Frohnmayer, President and Founder of Arcimoto. “It’s been a decade-long
journey to get from a napkin sketch to showcasing our first-ever
customer Arcimoto FUV, and we’re now beginning the ramp to production in
volume. I would like to personally express my appreciation to everyone
who celebrated with us, and to everyone else out there who has supported
Arcimoto throughout our quest to help catalyze the shift to a
sustainable transportation system.”

The Company also announced that Frohnmayer will provide the keynote
address for the Venture Community III conference on November 14 in
Portland, Oregon. Venture Community, an event created and run by Starve
Ups, is Oregon’s original reverse roadshow for startups from every
industry in the midst of a Series Seed or Series A funding round. The
event provides 26 selected, fund-ready startups the chance to present to
nine premier West Coast Angel and VC funds. Frohnmayer, who received the
company’s original institutional funding for Arcimoto as a result of
pitching the Portland-based Venture Community I, will share his advice,
progress updates and the company’s journey from inception to IPO.

Later this week, Frohnmayer will participate on a panel entitled
"Treading Lightly: Clean Transport for our Urban Future" at the LA
CoMotion Expo and Festival on New Mobility
. The panel is a part of
the "Cities in Motion" thought leadership conference which runs November
15-17, followed by the Expo & Festival, which takes place November 18-19
in the LA Arts District and is open to the general public. He will be
joined on the panel on Friday, November 17 at 5:45 p.m. by global
thought leaders on the topic from Paris, London and Copenhagen. Arcimoto
Generation 8 Alpha vehicles will be on display and available for short
test drives during the public expo on Saturday and Sunday.

Next up, Arcimoto will actively participate in AutoMobility
, the official press event and automotive industry trade event of
the LA Auto Show, which takes place November 27-30 throughout the LA
Convention Center, capped off by an Arcimoto press conference on
November 30, 11:45 a.m. - 12:10 p.m., South Hall Atrium at the
convention center. The following day the Company kicks off its
participation in the 2017
LA Auto Show
which runs December 1-10. Arcimoto is located in Booth
SL7B in the South Atrium of LA Convention Center; 9:00 a.m. to close
each day.

Concurrent with the LA Auto Show, CEO Mark Frohnmayer will present
Arcimoto to over 1,000 attendees at the LD
Micro Main Event
, the largest independent conference for
small/micro-cap companies. The three-day event takes place December 5-7
at the Luxe Sunset Boulevard Hotel in Los Angeles, California.

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 with a target purchase price of $11,900, Arcimoto’s SRK
defines the Fun Utility Vehicle category: it’s the lightest, most
affordable and performance-packed electric vehicle suitable for the
daily driver. For more information please visit www.arcimoto.com

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