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Wild 3-wheeled electric vehicle teetering on brink of bankruptcy. Here’s why

arcimoto fuv

Arcimoto was once the darling of the electric vehicle startup world, riding a green wave of EV investments to a $1 billion valuation in 2021. But the Eugene, Oregon-based electric automaker has since experienced a slow and arduous fall from grace. After multiple bumps in the road, a potential sinkhole may have opened in front of the company in the form of looming bankruptcy.

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Arcimoto unveils updated radical 3-wheeled e-bike known as the Mean Lean Machine (MLM)

arcimoto mlm cybertrike

Oregon-based Arcimoto, better known for its three-wheeled 75 mph (120 km/h) FUV electric vehicles, has shown off a new version of its Mean Lean Machine (MLM). The newest update to the still-under-development electric bike-class vehicle sees new suspension and other structural as well as functional upgrades.

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Arcimoto’s fun 75 mph electric three-wheelers are NYC’s newest little right-sized delivery vehicles

joco arcimoto deliverator

Arcimoto’s Fun Utility Vehicles (FUVs) have proven to be a versatile three-wheeled electric vehicle platform for all sorts of interesting variations. From camera cars to ambulance trikes, an FUV can be just about anything. And thanks to a new partnership with urban e-bike delivery company JOCO, New York City is about to get a fleet of delivery EVs built on Arcimoto’s ultra-versatile platform.

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Arcimoto FUV production-spec first drive: it’ll turn heads

Arcimoto has finally started deliveries of their three-wheeled “Fun Utility Vehicle,” and we caught Arcimoto CEO Mark Frohnmayer on the tail end of a cross-country tour for a short ride through Los Angeles.

We’ve driven the Arcimoto before, but those were earlier versions and shorter rides. Now that we’ve had a chance to try this fun little thing out on real roads (and in real traffic), here’s how it was.


Arcimoto is bringing its $12,000 all-electric three-wheeler to market this year


The Arcimoto SRK, an all-electric three-wheeler, has been almost 10 years in the making. The Oregon-based startup started working on the concept in 2007 and they now have the 8th generation of the vehicle.

President and Founder of Arcimoto, Mark Frohnmayer, told Electrek this week that the company is getting ready to bring the SRK to market this year. Expand