Arcimoto Celebrates IPO Anniversary

Founder and President Mark Frohnmayer and Vice President Jesse
Fittipaldi return to New York to offer test rides of the FUV® and to
share Arcimoto’s progress with media, investors, and pre-order customers

EUGENE, Ore.–(BUSINESS WIRE)–$FUV #FUV–Arcimoto, Inc.® (NASDAQ: FUV) — makers of the Fun Utility Vehicle® (FUV)
— an affordable, joyful, pure electric vehicle for everyday drivers and
fleets, today celebrates its one-year anniversary as a NASDAQ
publicly-traded company. Arcimoto is the second electric vehicle
manufacturer to be publicly traded on the NASDAQ exchange.

To mark the anniversary, key members of Arcimoto’s leadership team will
return to New York City between September 24 and October 2 to attend
conferences, meet with media, and host test rides of three Signature
Series FUVs for Arcimoto pre-order customers.

“Today, on the one-year anniversary of Arcimoto’s initial public
offering, I am humbled to look back at all that our amazing team has
accomplished,” said Mark Frohnmayer, Founder and President of Arcimoto.
“Our manufacturing facility is substantially complete. We aim to reach
retail production by the end of 2018. We continue to see substantial and
growing consumer demand, evidenced by our more than 3,000 pre-orders,
and we continue to see the growth opportunity presented by FUV fleet
rental centers in destination markets worldwide. Arcimoto is powered by
our team, our customers, and our community of investors who have fueled
each forward step we take. We look forward to showing the world what we
have accomplished together, as we push forward on our mission to help
catalyze the shift to a sustainable transportation system.”

In the 12-month period following its September 21, 2017 IPO, Arcimoto
has:

• Tripled the size of its staff, which now totals 77 full-time employees.
• Moved operations from a bodega design studio to the Arcimoto
  Manufacturing Plant (AMP).
• Improved manufacturing capabilities, demonstrating the ability to
  produce a finished vehicle from raw materials entirely in-house at the
  AMP.
• Completed production of ten Signature Series FUVs and begun a 15-unit
  Beta Series production run, reducing build time while improving
  vehicle quality.
• Announced the first two Arcimoto rental locations to open in Oregon
  and California, anticipated in Q4, 2018, which will combine rental
  operations and customer options.
• Grown pre-orders of the FUV to more than 3,000 units and counting.
• Demonstrated the FUV across the country, including major commercial
  auto shows, electric vehicle industry events, consumer
  ride-and-drives, and investor conferences.
• Rung the Closing Bell at the NASDAQ MarketSite in April 2018.

Arcimoto management will attend the following conferences in New York
City.

LD Micro Big Apple Summit
Date: Tuesday, September 25, 2018
Presentation
Time: 8:40 a.m. Eastern time

Registration is mandatory for participation at the LD Micro Big Apple
Summit. For more information, please contact an LD Micro representative
or visit www.ldmicro.com.

The MicroCap Conference
Date: Monday, October 1, 2018
Presentation
Time: 11:00 a.m. Eastern time
Location: JW Marriott Essex House
(160 Central Park S, New York, NY 10019)

Arcimoto management will host one-on-one meetings throughout the day for
the MicroCap Conference and registration is mandatory for participation.
For more information or to schedule a one-on-one meeting, please contact
a representative or visit www.microcapconf.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 is one of the lightest, most affordable, and most appropriate
electric vehicles suitable for the daily driver. 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. 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
effectively execute on our developing growth strategy; our ability to
design, manufacture and market vehicle models cost effectively and
within projected timeframes; the number of reservations and
cancellations for our vehicles and the ability to deliver on those
reservations; our reliance on key personnel; our ability to manage the
distribution channels for our products, including our ability to
successfully implement our direct to consumer distribution strategy and
any additional distribution strategies we may deem appropriate; 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; fluctuations in our financial results; and changes in laws
or regulations governing our business and operations. 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.

Contacts

Investor Relations Contact:
MZ Group – MZ North America
Greg
Falesnik, 949-385-6449
Managing Director
FUV@mzgroup.us
www.mzgroup.us
or
Public
Relations Contact:
Skyya Communications
Susan Donahue,
646-454-9378
Managing Director
FUV@skyya.com
www.skyya.com