Thieler Law Corp advises investors with losses exceeding $100,000 of the June 18, 2021 lead plaintiff deadline in a class action lawsuit filed against Arcimoto Inc. (NASDAQ: FUV) (Arcimoto Inc. or “the Company”). The suit is pending in the U.S. District Court for the Eastern District of New York and investors, who purchased Arcimoto Inc. securities between February 14, 2018 and March 22, 2021, have until June 18, 2021 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased Arcimoto Inc. securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 or emailing mail@thielerlaw.com . No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class.

On February 14, 2018, Arcimoto published a press release announcing its partnership with HULA Holdings (“HULA”).

On June 3, 2019, Arcimoto published a press release in which the Company detailed its agreement with GoCar Tours.

On June 19, 2019, Arcimoto announced a collaboration with Sol Mar Vida in a press release.

On October 2, 2019, Arcimoto issued a press release announcing its first rental franchisee.

On October 30, 2019, Arcimoto issued a press release announcing its distribution agreement with the New Zealand-based EV Distributors.

On March 10, 2020, Arcimoto announced a pilot program with the Eugene Springfield Fire Department. I

On July 22, 2020, Arcimoto announced a pilot program with Wahlburgers, a casual dining burger restaurant, to test one Arcimoto’s vehicles.

On November 19, 2020, Arcimoto issued a press release announcing its first municipal pilot program with the City of Orlando.

On March 23, 2021, before markets opened, Bonitas Research published a report (“Bonitas Report”) revealing that Arcimoto had misled the investing public by fabricating its preorders.

According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) the preorders of Arcimoto’s Fun Utility Vehicles (“FUVs”) were fabricated or never completed, with only 19 units delivered out of an alleged preorder of 422; (2) Arcimoto failed to disclose to customers that nearly 100% of its vehicles delivered were under safety recall; (3) Arcimoto’s largest customer, R-Key-Moto, was an undisclosed related party owned by insider FOD Capital, LLC; (4) Arcimoto’s partnership with HULA was an undisclosed related party transaction; and (5) as a result, defendants’ public statements were materially false and/or misleading at all relevant times.

If you were negatively impacted by your investment in Arcimoto Inc. (NASDAQ: FUV) securities between February 14, 2018 and March 22, 2021 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation.

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