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Arcimoto and Adventure Center to Begin FUV rentals to Fort Lauderdale, Florida

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Pure-electric Fun Utility Vehicles will be available to rent in February 2022

Arcimoto Fort Lauderdale

Arcimoto and Adventure Center to begin renting FUVs in Fort Lauderdale in February
Arcimoto and Adventure Center to begin renting FUVs in Fort Lauderdale in February
Arcimoto and Adventure Center to begin renting FUVs in Fort Lauderdale in February

EUGENE, Ore., Jan. 19, 2022 (GLOBE NEWSWIRE) -- Arcimoto, Inc.® (NASDAQ: FUV), makers of fun, affordable, and ultra-efficient electric vehicles for everyday drivers and fleets, and Adventure Center, the premier adventure rental company in South Florida, announced today that they will begin renting Arcimoto Fun Utility Vehicles in Fort Lauderdale beginning in February 2022.

“Adventure Center has long been leading the charge for three-wheel vehicle rentals in South Florida, and we are thrilled to now offer their customers a pure electric option.” said Mark Frohnmayer, Arcimoto Founder and CEO. “This partnership continues to build upon Arcimoto’s destination rental strategy, driving revenue per vehicle built, as well as brand awareness as happy customers cruise FUVs up A1A, and beyond. There is simply no better advertising.”

“We just took delivery of our FUV fleet, and even before our first rental they are already generating incredible interest from tourists and locals alike,” said Brian Freedman, Founder of Adventure Center. “FUVs are moving billboards for our business, turning heads wherever they go. For our customers, they have the range to explore West Palm Beach or South Beach, unlocking all of South Florida, a great complement to our fleets of Slingshots, jet skis, and traditional motorcycles. We can’t wait to begin rentals in the coming weeks.”

Adventure Center is the seventh planned Arcimoto rental location, with rentals also available in San Francisco, San Diego, Santa Monica, Key West, Marco Island, Florida, and Eugene, Oregon. For more information, visit Arcimoto.com/rental and Advcenter.com.

For the latest company updates, follow Arcimoto on YouTube, Facebook, Instagram, Twitter, TikTok, and LinkedIn. Investor information about the company, including press releases, stakeholder webcast replays, and more can be found at http://arcimoto.com/ir.

About Arcimoto, Inc.
Arcimoto (NASDAQ: FUV) develops and manufactures ultra-efficient and affordable electric vehicles to help the world shift to a sustainable transportation system. Our flagship vehicle, the Arcimoto FUV®, is purpose-built for everyday driving and transforms ordinary trips into pure-electric joyrides. Launched in 2021, the all-new Arcimoto Roadster is designed to be the ultimate open-road fun machine and is the purest expression of the Arcimoto Platform. The Deliverator® and Rapid Responder™ provide last-mile delivery and emergency response functionality, respectively, at a fraction of the cost and environmental impact of traditional gas-powered vehicles. Expected to launch in 2022, the Flatbed represents Arcimoto’s vision of a pure-electric, rightsized utility pickup truck. The upcoming Cameo™ is designed to create a smooth, silent, sustainable camera vehicle for the film and influencer industries. Every Arcimoto vehicle is built at the Arcimoto Manufacturing Plant in Eugene, Oregon. For more information, please visit Arcimoto.com.

Safe Harbor / Forward-Looking Statements
Except for historical information, all of the statements, expectations, and assumptions contained in this press release are forward-looking statements. Forward-looking statements include, but are not limited to, statements that express our intentions, beliefs, expectations, strategies, predictions or any other statements relating to our future activities or other future events or conditions. These statements are based on current expectations, estimates and projections about our business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict and include, without limitation, our expectations as to vehicle deliveries, the establishment of our service and delivery network and our expected rate of production. Therefore, actual outcomes and results may, and are likely to, differ materially from what is expressed or forecasted in the forward-looking statements due to numerous factors discussed from time to time in documents which we file with the SEC. In addition, such statements could be affected by risks and uncertainties related to, among other things: our ability to manage the distribution channels for our products, including our ability to successfully implement our rental strategy, direct to consumer distribution strategy and any additional distribution strategies we may deem appropriate; our ability to design, manufacture and market vehicle models within projected timeframes given that a vehicle consists of several thousand unique items and we can only go as fast as the slowest item; our inexperience to date in manufacturing vehicles at the high volumes that we anticipate; our ability to maintain quality control over our vehicles and avoid material vehicle recalls; the number of reservations and cancellations for our vehicles and our ability to deliver on those reservations; unforeseen or recurring operational problems at our facility, or a catastrophic loss of our manufacturing facility; our dependence on our suppliers; changes in consumer demand for, and acceptance of, our products: changes in the competitive environment, including adoption of technologies and products that compete with our products; the overall strength and stability of general economic conditions and of the automotive industry more specifically; changes in laws or regulations governing our business and operations; costs and risks associated with potential litigation; and other risks described from time to time in periodic and current reports that we file with the SEC. Any forward-looking statements speak only as of the date on which they are made, and except as may be required under applicable securities laws, we do not undertake any obligation to update any forward-looking statements.

Public Relations Contact:
Megan Kathman
(651) 785-3212
pr@arcimoto.com

Investor Relations Contact:
investor@arcimoto.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/fcd652e6-a950-41b3-802c-d225b6958cd9



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