The future of Arcimoto, the Oregon-based maker of fun, three-wheeled electric vehicles, is unclear. Earlier this week in an SEC filing the company disclosed that they "have halted [their] production of vehicles and will require substantial additional funding to resume production, which may not be available to [them] on acceptable terms, or at all, and, if not so available, [they] will be required to cease [their] operations and/or seek bankruptcy protection."

The company has faced many recent challenges that included supply chain issues, a change in leadership, and the hemorrhaging of cash reserves as they work to ramp up production of their FUV and other similar vehicles.

​On January 19th, the company successfully closed a $12 Million public stock offering which may help hold off bankruptcy in the short term, but if the balance sheet doesn't significantly improve, it may be an inevitability.

​In their Q3 Financial update, the company reported:

Arcimoto is a pioneer in the design and manufacture of rightsized, ultra-efficient, incredibly fun electric vehicles for everyday mobility. Built on the revolutionary three-wheel Arcimoto Platform, their vehicles are purpose-built for daily driving and local delivery, all at a fraction of the cost and environmental impact of traditional gas-powered vehicles. Based in Eugene, Oregon, the Arcimoto team is dedicated to creating world-class EVs that make the world a better place. For more information, please visit Arcimoto.com.

Arcimoto, makers of rightsized, outrageously fun, ultra-efficient electric vehicles, announced in an email, October 20th that they are opening up six new states for sales of the FUV: New York, New Jersey, Pennsylvania, Maryland, Virginia, Georgia, and Washington D.C. 

Once ordered, deliveries are expected to arrive within 120 days.