Arcimoto and Sol Mar Vida to Deploy First International Fleet of FUVs to Costa Rica for Beachside Tourist Rentals
June 19 2019 - 9:00AM
Business Wire
Arcimoto, Inc.®, (NASDAQ: FUV) makers of the Fun Utility
Vehicle® (FUV®), Rapid Responder™, and Deliverator™ — affordable,
practical, and joyful pure electric vehicles for everyday commuters
and fleets — announced today that it plans to deploy the first
international fleet of pure electric FUVs to Costa Rica starting
later this year in collaboration with Sol Mar Vida.
Over the span of three years, Arcimoto and Sol Mar Vida plan to
deploy 100 FUVs to be used as tourist rentals in Guanacaste
province. Users will be able to rent the FUV directly at beachside
hotels from Tamarindo to Playa Hermosa, a stunning stretch of
white-sand beaches and world-class surf breaks known as the Gold
Coast of Costa Rica.
“We couldn’t be more proud that Arcimoto’s first international
fleet will take to the streets of Costa Rica, a nation that has
inspired the world with some of the most aggressive and
forward-thinking policies to reduce carbon emissions and promote
sustainable transportation,” said Arcimoto Founder and President
Mark Frohnmayer. “Costa Rica is on the leading edge of public
sector support for clean transportation. Registered EVs are granted
special green license plates that confer priority parking in public
and private lots, and drivers can park at meters without paying. We
believe Arcimoto’s ultra-efficient, light footprint vehicles will
be a perfect fit for Costa Rica’s forward-looking ethos. Nothing
says clean driving like cruising in a new FUV through Tamarindo as
the sun sets over the bluest waters of the Pacific as a fresh set
of waves rolls in.”
“Costa Rica is a leader in ecotourism, and in 2019 alone, the
country will bring in more than 3 million tourists who will spend
more than $4 billion. A significant portion of those ecotourism
dollars will come, ironically, from renting gas-powered cars and
scooters,” said Jessica Janakes, Sol Mar Vida Co-Founder.
“Thankfully, Costa Rica is in the midst of a massive shift to a
sustainable transportation system, and we believe these same
tourists who are so eager to experience the pura vida Costa Rica is
famous for will increasingly choose the open, joyful, clean, and
sustainable experience of driving an FUV. Pure electric, pura
vida.”
“For our first fleet of rental vehicles, we hope to streamline
the rental process by placing the FUVs in luxury hotels, resorts,
and vehicle rental companies throughout Guanacaste where guests can
rent FUVs directly through the concierge,” said Kris Beem, Sol Mar
Vida Co-Founder. “After driving the FUV ourselves, we know one
thing is certain: they will be leaving Costa Rica with an
experience they’ll never forget.”
For more information, visit Arcimoto.com, or Solmarvida.com.
** Press Assets Available Here **
About Arcimoto, Inc.
Headquartered and manufactured in Eugene, Oregon, Arcimoto, Inc.
(NASDAQ: FUV) is devising new technologies and patterns of mobility
that together raise the bar for environmental efficiency, footprint
and affordability. Available for pre-order today, Arcimoto’s Fun
Utility Vehicle, Rapid Responder, and Deliverator are some of the
lightest, most affordable, and most appropriate electric vehicles
suitable for everyday transport. For more information, please visit
www.arcimoto.com.
About Sol Mar Vida
Sol Mar Vida is dedicated to making fun, sustainable electric
vehicles accessible throughout Central America. In 2019, we will
make the pure electric Arcimoto Fun Utility Vehicle available to
rent for the first time in Costa Rica through the country’s leading
resorts, hotels, and touring companies. With app-based billing,
comprehensive insurance, and 24/7 customer service, we aim to
transform the tourism rental industry by replacing polluting,
gas-powered vehicles with zero emission vehicles that truly
represent the pura vida. For more information, please visit
www.fuvrentals.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 international FUV 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20190619005024/en/
Investor Relations Contact:Greg FalesnikMain:
949-385-6449investor@arcimoto.com
Public Relations Contact:Susan DonahueMain:
646-454-9378pr@arcimoto.com
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