Arcimoto Announces Electric Vehicle Financing Now Available Through FreedomRoad Financial

Arcimoto

Arcimoto

Arcimoto Announces Electric Vehicle Financing Now Available Through FreedomRoad Financial

Arcimoto Announces Electric Vehicle Financing Now Available Through FreedomRoad Financial

EUGENE, Ore., June 15, 2022 (GLOBE NEWSWIRE) — Arcimoto, Inc.® (NASDAQ: FUV), makers of ultra-efficient, incredibly fun, right-sized electric vehicles for moving people and things, has entered into an agreement with FreedomRoad Financial, a loan origination office of Evergreen Bank Group, to provide consumers vehicle financing for Arcimoto. family of electric vehicles.

“This is an important milestone for Arcimoto and our customers, and FreedomRoad Financial’s dealer financing solution will make owning an Arcimoto electric vehicle easier than ever,” said Lynn Yeager, Chief Experience Officer. at Arcimoto.

FreedomRoad Financial is one of America’s largest national powersports lending companies, offering retail loans to riders on many brands. They understand the driver lifestyle and work hard to help their customers maximize the excitement and enjoyment of their motorsport experience. Their team takes great pride in maintaining the highest level of customer service and dealer satisfaction.

“We are proud to add Arcimoto as our newest OEM and help their customers realize their dreams of owning a FUV, one of the most exciting and innovative new electric vehicles on the market today,” said Tom Collins, chief executive of FreedomRoad Financial.

For the latest stakeholder update, see our Presentation RAMP IT UP. Follow Arcimoto on Youtube, Facebook, instagram, Twitter, ICT Tacand LinkedIn. Investor information about the company, including press releases, replays of stakeholder webcasts, and more, is available at http://arcimoto.com/ir.

About Arcimoto, Inc.
Arcimoto is a pioneer in designing and manufacturing large, ultra-efficient and incredibly fun electric vehicles for everyday mobility. Built on the revolutionary Arcimoto three-wheeled platform, our vehicles are purpose-built for everyday 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 electric vehicles that make the world a better place. For more information, please visit Arcimoto.com.

Safe Harbor / Forward-Looking Statements
Except for historical information, all statements, expectations and assumptions 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 other statements regarding our future business 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, but are not limited to, our expectations regarding vehicle deliveries, the establishment of our service network and delivery and our expected production rate. Therefore, actual results could and do differ materially from what is expressed or anticipated in forward-looking statements due to numerous factors discussed from time to time in our filings with the SEC. In addition, these statements could be affected by risks and uncertainties relating to, among other things: our ability to manage the distribution channels for our products, including our ability to successfully implement our leasing strategy, our direct-to-consumer distribution and any additional distribution strategy we may deem appropriate; our ability to design, manufacture and market vehicle models on schedule since a vehicle is made up of many thousands of unique components and we can only keep pace with the slowest component; our inexperience to date in manufacturing the high volume vehicles we anticipate; our ability to maintain quality control of our vehicles and avoid significant vehicle recalls; the number of reservations and cancellations for our vehicles and our ability to meet those reservations; unexpected or recurring operational problems at our facilities, or catastrophic loss of our manufacturing facilities; our dependence on our suppliers; changes in consumer demand for and acceptance of our products; changes in the competitive environment, including the adoption of technologies and products that compete with our products; the overall strength and stability of general economic conditions and the automotive industry in particular; changes in laws or regulations governing our business and operations; the costs and risks associated with potential litigation; and other risks described from time to time in our periodic and ongoing reports that we file with the SEC. All forward-looking statements speak only as of the date they are made, and except as may be required under applicable securities laws, we undertake no obligation to update any forward-looking statements.

Public relations contact:
Megan Katman
(651) 785-3212
[email protected]

Contact with Investor Relations:
[email protected]

A photo accompanying this ad is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/c9019732-7c23-40f1-a8cb-0ce04d45e16c

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