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Arcimoto's 'fun utility vehicle' helps reduce environmental footprint

Published: 14:55 06 Jun 2018 EDT

Arcimoto Inc (NASDAQ:FUV) CEO Mark Frohnmayer tells Proactive Investors people can reduce their environmental footprint by using smaller vehicles built using fewer materials. Arcimoto produces an FUV, or Fun Utility Vehicle.

Frohnmayer says the clean, affordable, small electric vehicle is targeted to all drivers, adding that 76% of people commute alone. He says the base range of the vehicle is about 70 miles, or 112km. Longer-range batteries are also available.

Frohnmayer says the company recently went public, and is currently building its factory in Eugene, Oregon.

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