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Benzinga

Business

Shivani Kumaresan

Arcimoto Expands Pacific Northwest Demo Rental Program

Arcimoto FUV Arcimoto Inc San Juan (Location) Washington D.C.

Arcimoto Inc (NASDAQ:FUV) and Susie's Mopeds, an experience rental company in Friday Harbor, Washington, plan to begin demo rentals of Arcimoto Fun Utility Vehicles on San Juan Island beginning in March.
Susie's Mopeds is the eighth Arcimoto rental location.
"This collaboration is another strong step forward for our destination rental strategy, as we aim to drive both revenue-per-vehicle-built and brand awareness, and give destination visitors an unforgettable, sustainable experience," said Arcimoto's Founder and CEO Mark Frohnmayer.
Price Action: FUV shares are trading higher by 1.97% at $5.82 on the last check Monday.

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