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Arcimoto Makes Arizona the 6th State in its Expansion -Breaking

by Mike Robinson

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© Reuters.

Sam Boughedda

Investing.com — Firma for electric vehicle Arcimoto Inc (NASDAQ) announced Wednesday it now accepts vehicle reservations from Arizona customers. This makes Arizona the sixth state under its expansion plans.

Mark Frohnmayer (Arcimoto founder, CEO) stated that Arizona has a great market both for everyday drivers as well as tourists renting cars.

According to the company, it is now reaching out directly to Arizona customers who have preordered vehicles and anticipates that Arizona will receive its first vehicle delivery in Q1 2022. 

Arcimoto is currently available to residents of Nevada, Florida and Arizona. Customers outside these states can place a preorder of $100 to be refunded.

The company’s shares rose to $11.50 at the beginning of Wednesday’s session. They quickly reversed and now stand at $10.91, down 0.2% for the day.

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