After more than a decade of fits and starts, Arcimoto, the dogged Oregon startup behind the so-called Fun Utility Vehicle, has at long last begun taking retail orders for its open, three-wheeled electric vehicle. But there's a catch, the Portland Business Journal reports: The Evergreen Edition model will list for $19,900.
That's a hefty step up from the company's target of around $12,000 for its EV trike, but it's reportedly in line with the company's expectations for initial pricing. Once it starts production, the company plans to turns its focus to increasing scale and whittling out costs, similar to what Tesla has experienced with the Model 3. You can order an Arcimoto with a $5,000 down payment.
It's been a while since we really caught up with the Eugene, Ore.-based startup, which was set to open a rental and customer experience center in October. After eight iterations to nail down the vehicle design, and running out of money multiple times, the company went public in 2017 and fetched more than $18 million. It partly used that money to buy and tool a factory in Eugene to help it achieve founder and CEO Mark Frohnmayer's dream of building a low-cost, environmentally sustainable urban vehicle.
"We've been to the brink and beyond multiple times, but then we would look out at the world and say 'Well, has anyone else really cracked this problem yet? I guess not, so let's try again,'" Frohnmayer, a former video game designer and entrepreneur, told Bloomberg for a recent video feature.
Measuring 113 inches in length and 61 inches wide, the two-seat Evergreen Edition boasts a 100-mile range, a top speed of 75 mph and a 0-60 mph time of 7.5 seconds. It comes with dual electric motors, heated seats and handlebar grips, Bluetooth speakers, removable half-doors, a lockable rear storage bin and a magnetic cup holder, among other features. There's also a three-year, 36,000-mile warranty, including the battery.
For now, reservations are open only for customers in Oregon, California and Washington, with the goal to eventually deliver them nationwide (we presume that will hinge on the company's promise to eventually introduce full door enclosures for cold climates). The vehicle doesn't qualify for federal EV tax credits — the company says it's working on that — but it does meet the criteria for tax credits in states like Oregon and California.
Arcimoto is planning a first run of 100 units of its flagship EV by the end of June.
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That's a hefty step up from the company's target of around $12,000 for its EV trike, but it's reportedly in line with the company's expectations for initial pricing. Once it starts production, the company plans to turns its focus to increasing scale and whittling out costs, similar to what Tesla has experienced with the Model 3. You can order an Arcimoto with a $5,000 down payment.
It's been a while since we really caught up with the Eugene, Ore.-based startup, which was set to open a rental and customer experience center in October. After eight iterations to nail down the vehicle design, and running out of money multiple times, the company went public in 2017 and fetched more than $18 million. It partly used that money to buy and tool a factory in Eugene to help it achieve founder and CEO Mark Frohnmayer's dream of building a low-cost, environmentally sustainable urban vehicle.
"We've been to the brink and beyond multiple times, but then we would look out at the world and say 'Well, has anyone else really cracked this problem yet? I guess not, so let's try again,'" Frohnmayer, a former video game designer and entrepreneur, told Bloomberg for a recent video feature.
Measuring 113 inches in length and 61 inches wide, the two-seat Evergreen Edition boasts a 100-mile range, a top speed of 75 mph and a 0-60 mph time of 7.5 seconds. It comes with dual electric motors, heated seats and handlebar grips, Bluetooth speakers, removable half-doors, a lockable rear storage bin and a magnetic cup holder, among other features. There's also a three-year, 36,000-mile warranty, including the battery.
For now, reservations are open only for customers in Oregon, California and Washington, with the goal to eventually deliver them nationwide (we presume that will hinge on the company's promise to eventually introduce full door enclosures for cold climates). The vehicle doesn't qualify for federal EV tax credits — the company says it's working on that — but it does meet the criteria for tax credits in states like Oregon and California.
Arcimoto is planning a first run of 100 units of its flagship EV by the end of June.
Related Video:
Featured Gallery Arcimoto Evergreen Edition FUV
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