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Arcimoto Announces Strategic Agreement With Munro & Associates To Plan For High Volume Production of Ultra Efficient Electric Vehicles

Published: 2020-06-10 13:36:00 ET

Lean Design expert Munro & Associates will evaluate Arcimoto manufacturing processes and supply chain in order to drive down costs and accelerate scale.

EUGENE, Ore.--(BUSINESS WIRE)-- Arcimoto, Inc.® (NASDAQ: FUV), makers of the Fun Utility Vehicle® (FUV®), Rapid Responder™, and Deliverator™–affordable, practical, and joyful pure electric vehicles for everyday commuters and fleets–announced today that it has teamed with Munro & Associates to evaluate Arcimoto’s manufacturing processes and supply chain management in order to drive down costs and begin high-volume production of Arcimoto ultra-efficient electric vehicles.

“Sandy Munro is a legend in this industry and we are thrilled to work with him,” said Mark Frohnmayer, Arcimoto Founder and CEO. “We are confident his team’s expertise will help us to improve the quality of every vehicle we make, as well as streamline our manufacturing processes as we prepare to shift into volume production.”

Munro & Associates is a global leader in helping manufacturers create breakthrough products that leap-frog the competition in innovation, profitability and quality, and is known worldwide for its pioneering work in Lean Design® and its proprietary Design Profit® software, as well as for its recent vehicle teardowns and benchmarking of BMW’s i3 and Tesla’s Model 3 and Model Y.

“OK, let’s start off with the fun part. This is a fun trike, no question about it!” exclaimed Sandy Munro, CEO of Munro & Associates. “It is definitely not your grandpa’s electric three wheeler… unless I am your grandpa. Munro is very excited to be part of this new adventure, this new way of traveling. We can hardly wait to get started. I look forward to doing everything I can to make this vehicle as profitable as possible. Have a great day, and go buy one!”

** Arcimoto Press Assets **

About Arcimoto

Arcimoto (NASDAQ: FUV) is developing ultra-efficient and affordable electric vehicles to help the world shift to a sustainable transportation system. Now available to preorder customers on the West Coast, the Arcimoto FUV is purpose-built for the task of everyday driving and transforms the daily commute into a pure-electric joyride. Available for preorder, the Deliverator and Rapid Responder provide specialized delivery and emergency response services, respectively, at a fraction of the economic and ecological costs of traditional gas-powered vehicles. Every Arcimoto vehicle is built at the Arcimoto Manufacturing Plant in Eugene, Oregon. For more information, please visit Arcimoto.com.

About Munro & Associates

Founded in 1988, Munro & Associates Inc. is a world-class engineering and manufacturing consulting firm based at a 47,000 sq. ft. headquarters and benchmarking center in Auburn Hills, Mich. With offices in Canada, Europe, Australia and Asia, the firm specializes in upfront, predictive methods to increase profitability by improving quality, reliability and value, while reducing total lifecycle costs.

Munro's unique Lean Design® methodology enables engineers to build accurate business cases for product design, and manufacturing process optimization. Using Munro's Design Profit® software, teams can create highly accurate predictive models that analyze quality, manufacturability, weight and cost reduction, labor and sustainability metrics. For more information, visit www.leandesign.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20200610005485/en/

Public Relations Contact: Megan Kathman Skyya PR for Arcimoto (651) 785-3212 pr@arcimoto.com

Source: Arcimoto, Inc.

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