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Arcimoto FUVs Now Available to Rent at Hyatt Place Eugene/Oakway Center

Arcimoto
Arcimoto

Arcimoto FUVs Now Available to Rent at Hyatt Place Eugene/Oakway Center

Arcimoto FUVs Now Available to Rent at Hyatt Place Eugene/Oakway Center
Arcimoto FUVs Now Available to Rent at Hyatt Place Eugene/Oakway Center

EUGENE, Ore., Sept. 08, 2022 (GLOBE NEWSWIRE) -- Arcimoto, Inc.® (NASDAQ: FUV), makers of rightsized, outrageously fun, ultra-efficient electric vehicles, and Hyatt Place Eugene/Oakway Center today announced that Arcimoto Fun Utility Vehicles are now available for guests to rent directly at the hotel.

“What better way for guests at the Hyatt Place Eugene/Oakway Center to explore the Emerald City than in our family of EVs that are built right here in Eugene,” said Lynn Yeager, Arcimoto Chief Experience Officer. “We believe partnering with awesome hotels for a fully integrated rental experience is essential to our growth strategy in tourist destinations worldwide.”

Hyatt Place Eugene/Oakway Center is centrally located in Eugene, and perfectly situated for discovering the Southern Willamette Valley. Guests will be able to rent directly from Arcimoto representatives located in the first floor lobby and begin exploring Eugene and further afield into the Willamette Valley’s winding roads and stunning wine country. The Hyatt Place is located at 333 Oakway Road in Eugene in the center of Eugene’s premier lifestyle center, Oakway Center

“We're thrilled to partner with Arcimoto to offer this innovative new electric vehicle to guests,” said Allen Pike, Regional Director of Operations for the Hyatt Place Eugene/Oakway Center. “We pride ourselves on offering guests an experience that goes above and beyond, and giving our guests the opportunity to experience an FUV as they explore the area is a great way to provide them a memorable visit.”

For the latest company updates, check out our Q2 2022 Stakeholder Webinar. 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 is a pioneer in the design and manufacture of rightsized, ultra-efficient, incredibly fun electric vehicles for everyday mobility. Built on the revolutionary three-wheel Arcimoto Platform, our vehicles are purpose-built for daily driving, local delivery, and emergency response, all at a fraction of the cost and environmental impact of traditional gas-powered vehicles. Based in Eugene, Oregon, the Arcimoto team is dedicated to creating world-class EVs that make the world a better place. 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 product 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

Arcimoto Fleet Sales
Sam Fittipaldi
samf@arcimoto.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/4f203cc7-f6af-4e4e-8bd0-e00e9b8e5580