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Exhibit 99.1 Arcimoto Announces First Quarter 2021 Financial Results and Provides Corporate Update EUGENE , Ore . , May 17 , 2021 - Arcimoto , Inc.® , ( NASDAQ : FUV ) makers of affordable , practical , and joyful pure electric vehicles for everyday commuters and fleets , today provided a corporate update and announced financial results for the first quarter ended March 31 , 2021 . Management will host an investor webcast today , May 17 , at 2:00 p.m. PDT ( 5:00 p.m. EDT ) , to discuss Arcimoto's first quarter 2021 financial results , provide a corporate update , and conclude with Q & A from participants . To participate , please use the following information : First Quarter 2021 Investor Webcast Date : Monday , May 17 , 2021 Time : 2:00 p.m. PDT ( 5:00 p.m. EDT ) Webcast : First Quarter 2021 and Recent Company Highlights : ● In Q1 , manufactured a record 84 vehicles and delivered a record 60 customer vehicles . • Increased affordability of Arcimoto FUVs in Oregon and California . FUVs are now eligible for the $ 2,500 Oregon Clean Vehicle Rebate and the $ 2,500 Charge Ahead Rebate , which combined can save Oregonians up to $ 5,000 on the purchase of a new FUV . Arcimoto FUVs also qualify for the $ 750 California Clean Vehicle Rebate Program , which , combined with the $ 1,500 California Clean Fuel Reward , offers savings of up to $ 2,250 on the purchase of a new FUV in California . https://us02web.zoom.us/webinar/register/WN_iuJSoQ81SGCvfSLK6zM8-Q • Closed purchase of new manufacturing plant , the rAMP . With a facility footprint of approximately 210,000 square feet across 10.7 acres , the Company is planning for a manufacturing capacity of 50,000 units per year once fully operational . Completed the purchase of Tilting Motor Works , makers of patented tilting trike technology that will serve as the foundation for new Arcimoto products aimed at micromobility . ● Began deliveries of FUVs to Florida . The FUV is on sale now in Oregon , California , Washington , and Florida , starting at $ 17,900 . • Debuted the Roadster Prototype at the 80th Annual Daytona Bike Week , the world's largest motorcycle rally , and Arcimoto's first public marketing event since the onset of the pandemic . • Appointed Dilip K. Sundaram , the former President - Corporate Affairs of Mahindra Group - Americas , as Chief International Business Officer . • Appointed Galileo Russell , founder of HyperChange , to its Board of Directors . • Formally submitted its application to the US Department of Energy's Advanced Technology Vehicle Manufacturing Loan Program to finance the scaling up of Arcimoto's production operations . Management Commentary " Q1 2021 was the most successful quarter in Arcimoto history . As we move expeditiously toward mass production and put more rightsized ultra - efficient EVs on the road , we are laying the foundation for what we believe will become a global shift in transportation . Cities around the world are choking on oversized , polluting behemoths that are more dangerous for other drivers , not to mention cyclists and pedestrians SO much so that the city of Berlin has considered banning large trucks and SUVs from city centers altogether . " Our mission is clear : we must rightsize transportation and reduce waste by using the right tools for the job of everyday driving . We believe the vast majority of trips - roughly 80 percent - could be handled by small footprint , stable platform , two - seat EVs like those built on the Arcimoto platform . In dense urban cores , we can replace large , dangerous box trucks with small delivery vehicles that will save companies time and money . We can transform parking lots into parks , and fuel our transportation needs with the energy from the sun rather than dirty pipelines that are prone to failure and leave the country vulnerable to ransomware attacks . All of this will make a meaningful difference in the fight against climate change , a problem that , as a species , we must come together to solve . After one drive in an FUV , we think you'll agree : this shift can - and should - be fun . " Looking forward into Q2 , we plan to open multiple rental locations , which will both introduce our uniquely thrilling three - wheel vehicles to new potential customers , and give them a destination driving experience infinitely more joyful than any economy subcompact you can rent . In addition to the Fun Utility Vehicle , our Deliverator is now in low - volume pilot production , and interested customers can contact us in our open states of California , Florida , Washington , and Oregon to reserve their vehicles today .