Arcimoto & REEF Launch New Zero-Emission Vehicle-Sharing Program in Santa Monica

Arcimoto, Inc.(NASDAQ: FUV) and REEF, the largest operator of mobility, logistics hubs, and delivery restaurants in North America, have announced the launch of REEFDrive, a zero-emission vehicle-sharing program. Located in the heart of Santa Monica, in California, REEFDrive will allow users to easily rent a zero-emission FUV or Arcimoto’s Deliverator to run errands, make deliveries, or simply explore the local beaches and surrounding city.

With an ecosystem of more than 5,000 locations and a team of over 18,000 people, REEF transforms open spaces into multi-purpose places that create jobs and bring new goods, services, and experiences to local neighbourhoods.

REEF’s network of delivery restaurants, in over 30 cities around the world, helps reduce traffic congestion and pollution by bringing food closer to the customer.

Arcimoto’s all-electric Deliverator and Rapid Responder vehicles provide last-mile delivery and emergency response functionality, respectively, at a fraction of the cost and environmental impact of traditional gas-powered vehicles.

Mark Frohnmayer, CEO and Founder of Arcimoto, says: “We are thrilled to join forces with REEF, which leads the country in transforming parking lots into modern destinations, connecting the community with everything from REEF delivery restaurants and retail shops to micro health clinics—and now, Arcimoto vehicles. This is a perfect fit, as REEF provides the real estate and infrastructure, and we provide our innovative electric vehicles at an affordable price that makes driving electric as accessible as possible.”

“We are excited to work with future-facing electric vehicle manufacturers like Arcimoto on REEF’s vehicle sharing platform REEFDrive,” adds Phillipe Saint-Just, Co-Founder at REEF. “REEFDrive is bringing electric mobility to Los Angeles neighborhoods and giving users the option to choose an electric vehicle that best fits their needs while being affordable and environmentally conscious.”

Launched in 2021, the all-new Arcimoto Roadster is designed to be the ultimate open-road fun machine and is the purest expression of the Arcimoto Platform. Expected to launch in 2022, the Flatbed represents Arcimoto’s vision of a pure-electric, rightsized utility pickup truck.

Every Arcimoto vehicle is built at the Arcimoto Manufacturing Plant in Eugene, Oregon.