Arcimoto appoints Chief Product Officer and Chief

EUGENE, Ore., May 10, 2022 (GLOBE NEWSWIRE) — Arcimoto, Inc.® (NASDAQ: FUV), maker of right-sized, incredibly fun, and ultra-efficient electric vehicles for moving people and things, named Lynn Yeager as Chief Experience Officer and Dwayne Lum as Chief Product Officer.

“I am thrilled to welcome Lynn and Dwayne to Arcimoto, where they will help accelerate our efforts to transition to mass production and introduce our vehicles to new customers across the country,” said Mark Frohnmayer, Founder and CEO of ‘Arcimoto. “Together with Kevin A. O’Rourke Jr., our new Vice President of Business Strategy and Operations featured on our latest earnings call, Lynn and Dwayne bolster Arcimoto’s management team with leadership and experience necessary to achieve our ambitious long-term production and sales goals.”

Yeager comes to Arcimoto with over 20 years of experience leading sales and customer engagement teams with a primary focus on growth and business effectiveness. Prior to joining Arcimoto, she was Director of Sales for ElectraMeccanica, leading retail and delivery programs. Prior to joining ElectraMeccanica, she was at Tesla where she held several leadership positions during her tenure, including General Manager of Western US and Texas Sales and Delivery, California Sales Manager and Hawaii and Senior Director of Global Retail Performance, leading sales and engagement strategy from March 2016 to August 2019.

“I’m thrilled to have joined the Arcimoto team and look forward to refining the way customers experience our brand,” said Yeager. “We have truly unique solutions for sustainable transportation in a variety of applications. I’m very excited to expand awareness of our products and demonstrate how Arcimoto combines fun and freshness with useful strategic features. I look forward to working with this talented group of people! »

During its three decades of product development, Lum has worked on many products and technologies that have been category creators or first to market. His primary expertise is putting innovation into context and making the connection between people’s needs, their performance, their experiences and their results. Prior to joining Arcimoto, he served as Vice President of Product Management at AYRO, Inc. from April 2019 to February 2022, where he led EV OEM platforms and product development. From September 2015 to January 2019, Mr. Lum served as Vice President of Technology for Wistron Corporation, based in Taiwan, covering a wide range of products.

“As Winston Churchill once said, ‘Difficulties mastered are opportunities won’, and I relish the challenge of entering new markets with Arcimoto products and technologies,” said Lum. “There has never been a better opportunity for our right-sized purely electric vehicles. After decades of experience building products from original smartphones to next-generation electric vehicles, I love exploring the Arcimoto’s offerings for everyday driving and last mile delivery, and I look forward to continuing to perfect these incredible sustainable transportation solutions.”

For the latest stakeholder update, see our Presentation RAMP IT UP. Follow Arcimoto on Youtube, Facebook, instagram, Twitter, ICT Tacand LinkedIn. Investor information about the company, including press releases, replays of stakeholder webcasts, and more, is available at http://arcimoto.com/ir.

About Arcimoto, Inc.
Arcimoto is a pioneer in designing and manufacturing large, ultra-efficient and incredibly fun electric vehicles for everyday mobility. Built on the revolutionary Arcimoto three-wheeled platform, our vehicles are purpose-built for everyday driving, local delivery and emergency response, all at a fraction of the cost and environmental impact of traditional gas-powered vehicles. . Based in Eugene, Oregon, the Arcimoto team is dedicated to creating world-class electric vehicles that make the world a better place. For more information, please visit Arcimoto.com.

Public relations contact:
Megan Katman
(651) 785-3212
[email protected]

Contact with Investor Relations:
[email protected]

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/49098c56-5fd6-4c50-9e29-b94847668b62

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