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How it started
History
On September 23, 2009, Arcimoto debuted the Pulse, with an estimated $20,000 price, taking pre-orders for $500. The Pulse is now considered a Generation 3 prototype by the company.
On April 23, 2011, Arcimoto revealed their fifth prototype, and the first SRK. According to Founder Mark Frohnmayer, actor Nathan Fillion drove their vehicle and came out saying it was like driving a shark, which is where the name SRK came from. This model added extra power (89 hp) and four body designs on a common chassis. According to Frohnmayer, Generation 6 SRK, revealed in April 2012, was to be the pilot with 14 vehicles produced, 10 of which already had committed purchasers, then the pilot run had been increased to 40 units, sold for $41,000 each. Some time later, Generation 7 was expected to be the mass production model in late 2012 but the company determined it was too large and heavy to create a viable market solution and opted to develop an eighth prototype generation that featured handlebars instead of a steering wheel.
In 2017, Arcimoto filed an IPO and was listed on NASDAQ as FUV and soon after began delivering its first production vehicle named the FUV.
In June 2020, Arcimoto started working with Sandy Munro to streamline the design and manufacture.
In mid-January 2023, Arcimoto, running low on cash, idled its factory and floated the possibility of bankruptcy. From April 2024 to May 2025, the Arcimoto website was deactivated and inaccessible. Arcimoto's 2023 Q3 report showed it with $9.5 million of bills past due and $232k on hand. As of April 2024, the company has not produced its 2023 Q4 report, has defaulted in several judgements on unpaid bills, and was delisted from NASDAQ.
From Wikipedia’s article on Arcimoto, shared under CC BY-SA 4.0.3