What happened with Arcimoto?
In February 2023, Arcimoto announced it was halting production at its Eugene factory and would file for bankruptcy if it couldn’t find funding to continue, The Oregonian reported. The announcement led to another plunge in stock prices and days later, Arcimoto’s board of directors unveiled a new executive team. About Arcimoto: Founded in 2007, Arcimoto is a Eugene, Oregon-based Company whose mission is to develop products and technologies that catalyze the shift to a sustainable transportation system.About Arcimoto: Founded in 2007, Arcimoto is a Eugene, Oregon-based Company whose mission is to develop products and technologies that catalyze the shift to a sustainable transportation system.
Is Arcimoto still in business?
Due to failure in scaling production to reduce unit price, Arcimoto ran into financial troubles in 2023, which stopped all production and resulted in the company being delisted from NASDAQ. At its peak in February 2021, Arcimoto held a market capitalization of $1. July 2024. The Arcimoto share price today is 0.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.