FUV - Arcimoto to deploy FUVs in the Caribbean for tourists to rent

Arcimoto (FUV +2.5%) announces that it plans to deploy the first Caribbean fleet of pure electric FUVs to Turks and Caicos in Q1 2022 in a collaboration with Tropical Tours and Adventures, the largest and leading adventure tour company operating within the Turks & Caicos Islands. “The FUV is a perfect fit for Turks and Caicos, and we are thrilled to offer tourists and locals alike access to a clean, sustainable, and joyful new transportation solution,” said Arcimoto Founder and President Mark Frohnmayer. Q3 earnings and revenue for Arcimoto came in below consensus after the company sold 63 vehicles. Seeking Alpha contributor Leo Imasuen continues to remain cautious on FUV given the company's low sales.

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Arcimoto to deploy FUVs in the Caribbean for tourists to rent