Arcimoto FUVs Now Available for Hotel Guests to Rent at Graduate Eugene

August 17, 2021

EUGENE, Ore.–(BUSINESS WIRE)–Arcimoto, Inc.® (NASDAQ: FUV), makers of affordable, practical, and joyful pure electric vehicles for everyday commuters and fleets, and Graduate Hotels®, a collection of handcrafted hotels in dynamic university markets across the U.S. and U.K., today announced that Arcimoto Fun Utility Vehicles (FUVs) are now available to rent at Graduate Eugene.

“As a born-and-raised Eugenian, I was blown away by the thoughtful touches and care Graduate Eugene took in creating this incredible hotel experience, and it’s a true honor to be able to offer their guests FUV rentals right through the front desk,” said Arcimoto Founder and CEO Mark Frohnmayer. “The FUV is designed to be the ultimate local vehicle, allowing you to explore a new city with ease, and we hope this is just the beginning of what we can do with Graduate Hotels.”

Prominently located on 6th Avenue, Graduate Eugene is next door to the Hult Center and just a short FUV ride from the University of Oregon campus. Hotel guests can seamlessly reserve their FUV directly through the front desk, creating a one-of-a-kind experience in a one-of-a-kind property that celebrates Oregon’s lush landscapes, Pacific Northwest heritage, and the school’s famed track and field program. Original art pieces inspired by notable Oregon Ducks and the college classic Animal House decorate the walls.

“We’re thrilled to partner with Arcimoto to offer this innovative new electric vehicle to guests at Graduate Eugene,” said Jason Williams, Graduate Eugene, General Manager. “At Graduate we pride ourselves on offering guests an experience that provides a sense of discovery and adventure in each moment of their stay. There’s no better way to explore this amazing city than from inside the cockpit of an all-electric FUV, which was created by a friend and neighbor right here in Eugene.”

For the latest company updates, follow Arcimoto on YouTube, Facebook, Instagram, Twitter, and LinkedIn. A replay of the Company’s latest quarterly earnings webinar can be viewed here. For more information, visit Arcimoto.com. For more information on Graduate Hotels, please visit www.graduatehotels.com.

About Arcimoto, Inc.

Arcimoto (NASDAQ: FUV) develops and manufactures ultra-efficient and affordable electric vehicles to help the world shift to a sustainable transportation system. Our flagship vehicle, the Arcimoto FUV®, is purpose-built for everyday driving and transforms ordinary trips into pure-electric joyrides. Launched in 2021, the all-new Arcimoto Roadster is designed to be the ultimate open-road fun machine and is the purest expression of the Arcimoto Platform. The Deliverator® and Rapid Responder™ provide last-mile delivery and emergency response functionality, respectively, at a fraction of the cost and environmental impact of traditional gas-powered vehicles. The upcoming Cameo™ is designed to create a smooth, silent, sustainable camera vehicle for the film and influencer industries.

About Graduate Hotels

Graduate Hotels is a hand-crafted collection of hotels that reside in dynamic university-anchored towns in the U.S. and U.K. Each hotel pays homage to the heritage of its unique town through cultural nods to the local community. Launched in 2014, there are currently 30 hotels across the U.S., two U.K. properties, and an additional five hotels set to open by the end of 2022. Graduate Hotels is owned by Adventurous Journeys (AJ) Capital Partners, a Chicago-based vertically integrated real estate developer, owner and operator, founded by Ben Weprin in 2008. For more information on Graduate Hotels, please visit www.graduatehotels.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.