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Benzinga
Benzinga
Business
Shivani Kumaresan

Arcimoto Partners With JOCO For Manhattan Pilot Program

Arcimoto FUV Manhattan Arcimoto Inc electric vehicle Nasdaq Arizona California Florida Nevada
  • Arcimoto Inc (NASDAQ:FUV) has teamed with Light Electric Vehicle sharing platform JOCO for a pilot program to field test Deliverator, its three-wheel electric vehicle designed for local and last-mile delivery.
  • The vehicle features a top speed of 75 mph, 102 city mile range, 20+ cubic feet of cargo space.
  • JOCO, which operates a fleet of two thousand e-bikes for delivery gig drivers, will market the Arcimoto Deliverator to local businesses and independent delivery drivers as a new sustainable delivery option available for daily and weekly rentals.
  • The pilot program is anticipated to begin in Manhattan on June 15.
  • Arcimoto vehicles are currently available in Arizona, California, Florida, Nevada, Oregon, and Washington.
  • Price Action: FUV shares are trading higher by 2.20% at $4.19 on the last check Monday.
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