Arcimoto Announces Full Year 2021 Financial Results and Provides Corporate Update

September 20, 2022

Arcimoto will host a stakeholder and analyst webinar at 2:00 p.m. PDT to discuss the company’s results and progress toward mass production. Unveiled new torque vectoring technology that will improve handling of future Arcimoto vehicles and lay the foundation for driverless Arcimotos. Unveiled the Mean Lean Machine ( MLM ), a radically new high-performance e-trike designed with Arcimoto’s patented three-wheeled tilting technology, currently available for preorder. Management Commentary“Looking back, 2021 was the most transformative year in Arcimoto’s history,” said Mark Frohnmayer, Arcimoto Founder and CEO. This is the challenge of our generation, and the time is now.”Full Year 2021 Financial ResultsTotal revenues in 2021 were up 102% to approximately $4.4 million as compared to approximately $2.2 million in 2020.

The source of this news is from Arcimoto