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Arcimoto Announces Third Quarter 2021 Financial Results and Provides Corporate Update EUGENE , Ore . , Nov. 15 , 2021 – Arcimoto , Inc.® , ( NASDAQ : FUV ) makers of fun , affordable , and ultra - efficient electric vehicles for everyday drivers and fleets , today provided a corporate update and announced financial results for the third quarter ended September 30 , 2021 . Exhibit 99.1 Additionally , Arcimoto will host a stakeholder and analyst webinar tomorrow to discuss the company's results and progress toward mass production . The webinar will include an analyst panel followed by an investor Q & A powered by Say . To view the webcast or pose a question , use the links below : Third Quarter 2021 Stakeholder Webcast Date : Tuesday , Nov. 16 , 2021 Time : 5:30 a.m. PST ( 8:30 a.m. EST ) Submit A Question : https://app.saytechnologies.com/arcimoto-2021-q3 Webcast : https://us06web.zoom.us/webinar/register/WN_5ualyudDTqiJqeTyoYI4_A Third Quarter 2021 and Recent Company Highlights : In Q3 , sold a record 63 new and one pre - owned customer vehicles , and produced a total of 78 vehicles . Made significant progress on Arcimoto's overarching goal of achieving mass production . The Company started occupying its new manufacturing facility , featuring more than 200,000 sq . feet of manufacturing space under roof on more than 10 acres , defined cost down programs for all subsystems of both the platform as a whole and the individual vehicle models . Final submission of application to the US Department of Energy for an Advanced Technology Vehicles Manufacturing ( ATVM ) loan expected in the fourth quarter 2021 . With partners , demonstrated a driverless Arcimoto for the first time , showing the foundational components for FUVShare and Arcimoto's Robovalet initiative . Marked the first full quarter of Arcimoto - owned rental operations in San Diego and Eugene , continuing to gather useful data to optimize the recurring revenue rental model . FUV rentals are also available at Arcimoto Key West and GoCar Tours in San Francisco . Launched Arcimoto's first vehicle sharing initiative in collaboration with REEF , the largest operator of mobility , logistics hubs , and delivery restaurants in North America , for REEFDrive , a new zero - emission vehicle - sharing program in Santa Monica . Continued developing the Deliverator market , cultivating multiple pilot programs using the vehicle for last - mile delivery . Began accepting vehicle reservations from customers in Nevada , the fifth state in Arcimoto's nationwide expansion plan . Arcimoto vehicles are also available in California , Oregon , Washington , and Florida . Launched the Ride of The Arconauts , an ongoing roadshow designed to efficiently introduce the Arcimoto family of rightsized EVS to the world . First production doors were installed on the FUV of an early Evergreen customer ; coordination is now underway to install doors on the remainder of Evergreen customer vehicles , communicate to existing FUV owners the availability of doors as an after - market purchase , and to make doors available to new FUV owners as part of the reservation process . Launched first production Roadster and on - roaded first Arcimoto flatbed prototype pilots , which have been well - received after use in the field with local businesses . On - roaded first true micromobility prototype based on technology acquired in the purchase of Tilting Motor Works at the beginning of the year , in order to play in the rapidly expanding electric bike marketplace .