XponentialWorks teams up with Arcimoto to
lightweight the suspension of its Fun Utility Vehicle, boosting
performance and overall ride quality
XponentialWorks, a venture, innovation and advisory company
reinventing additive manufacturing, today announced a project with
Arcimoto, Inc.®, (NASDAQ: FUV) to design and fabricate
lightweighted components for Arcimoto’s Fun Utility Vehicle®
(FUV®), with the goal of reducing cost, improving performance,
efficiency, and making the vehicle even more environmentally
friendly. Please click here for the media kit.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20200121005639/en/
Test Driving Arcimoto's Lightweighted FUV
@ XponentialWorks (Photo: Business Wire)
What: XponentialWorks and Arcimoto
showcase how lightweighting is changing vehicle design and
manufacturing.
- See how AI-designed lightweighted parts
compare to traditionally manufactured parts
- Test-drive an Arcimoto vehicle
- Speak to Arcimoto CEO Mark Frohnmayer and XponentialWorks
Founder Avi Reichental
When: Monday, 20 January and
Tuesday, 21 January, 11:00am - 3:30pm
Where: Tech Hub @ Beverly Hilton
Hotel, 9876 Wilshire Blvd, Beverly Hills, CA
Media RSVP: oshy@siliconvpr.com or
turner@siliconvpr.com
If successful, the new parts may take the place of heavier,
regularly manufactured parts and may enable Arcimoto’s electric
vehicles to drive farther distances on a single charge, improve
acceleration, and deliver better handling – all while parts costs
are reduced during production. The lightweighted designs were made
using artificial intelligence and computer generated design by
ParaMatters.
ParaMatters’ unique technology was used to redesign and
fabricate new parts with geometries that mimic natural structure,
patented by nature, to add a level of performance and
sustainability that is unparalleled - from energy savings to
material usage and beyond.
Lightweighted parts include:
- Rear swing arm: Regular part to be lightweighted by up
to 34%
- Knuckle: Regular part to be lightweighted by up to
36%
- Upper control arm: Regular part to be lightweighted by
up to 52%
- Brake pedal: Regular part to be lightweighted by up to
49%
“We are very excited to work with Arcimoto to leverage our
technological know-how to make this incredible vehicle even more
outstanding,” said XponentialWorks founder Avi Reichental. “The
entire redesign, from concept to parts, took only four weeks,
further demonstrating how 3D printing technology is completely
changing how we design and manufacture products.”
“We are thrilled to open Arcimoto’s ultra-efficient vehicle
platform to XponentialWorks’ team of lightweighting and additive
manufacturing experts,” said Arcimoto CEO Mark Frohnmayer. “Our
mission to rightsize the footprint of daily mobility means a
continued commitment to optimizing not just the vehicle platform
architecture, but all of its constituent parts as well. The speed
at which the XponentialWorks team has made meaningful weight
improvements to core components of the Fun Utility Vehicle is truly
impressive.”
“With the powerful combination of AI-generated designs and
ultra-fast 3D printing processes, we are now able to create complex
geometric structures which substantially lightweight vehicles,
improve performance, lower production costs and save on battery
power. We welcome this opportunity with Arcimoto to provide their
drivers with the best possible in-vehicle experience,” said
Reichental. “In this new age of industry 4.0 manufacturing, no one
company can do it all alone. This project demonstrates the power of
curating relationships and building joint innovation programs that
pool together resources and expertise from complementary
organizations to create practical tractable products in record
time.”
The Technology Behind the Lightweighting: Design and 3D
Printing
ParaMatters’s CogniCAD software uses AI to create designs with
engineers by simply entering design goals and materials parameters.
The AI can explore nearly infinite design permutations based on the
design concept, and provide an optimal solution to lightweight
parts. CogniCAD can also automatically combine all the different
parts into one homogeneous assembly instead of creating multiple
parts that need to be manufactured – a time consuming activity that
also leads to heavier components. Arcimoto FUV’s lightweighted
parts can then be 3D printed to produce the final product.
About XponentialWorks
XponentialWorks built a unique ecosystem that unites the forces
of early-stage companies with the experience and deep market
knowledge of mature companies. Leveraging its innovation labs
campus in Ventura, California, XponentialWorks curates, invests in
and guides the growth of some of tomorrow’s most promising category
makers and serves as the innovation and transformation arm of
mid-market companies. Learn more at www.xponentialworks.com/.
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.
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 the success of any
lightweighting of materials projects, efficiency gains; and making
FUVs increasingly affordable. 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. 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/20200121005639/en/
Media Contacts Oshy Ellman Silicon Valley Communications
+1-914-294-3135 oshy@siliconvpr.com
Josh Turner Silicon Valley Communications +1-917-231-0550
turner@siliconvpr.com
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