Interesting. So Vanderhall is not a new startup yet has been in business for fewer years than Arcimoto. Maybe it's just if you spend twelve years in R&D with eight iterations of the product, then when you finally go into production, add three years, you are still a new startup. When does it...
Would you consider Vanderhall a new startup then? They did everything you said and did it by selling their product in half the time, then three years sooner than FUV. Plus sell in all 50 states and internationally.
If I start a company today, make a website , start doing social media, sit for...
Here's a link. It'll show you the timeline. The fully enclosed one was launched in September 2009. Literally 10 years before they went with their current production. This was approximately 3 years before Elio started taking reservations for their enclosed autocycle.
https://www.arcimoto.com/history
Company was founded 15 years ago. At what year does it not becomes a new startup?
They launched production 12 years later
I agree. When they decided to go public (10 years after founded and 2 years before production). Here we are 3 years later and they are still struggling.
Incorrect. Elio...
I think that Elio Motors takes the prize of making positive PR posts all while the company was sinking. The discussions here were interesting. I specifically remember when the SEC filing had that they furloughed everyone except for two at the end of 2016, people were going after the definition...
Some more good information:
- 89 units sold for Q4 2022 (a new record)
- 228 units sold for all of 2022 (sold 190 in 2021, thus 2022 is a new record)
- More than 500 FUV's on the road today
- Over 5000 "butts in seats" with the rental program
This is what they do in Paris. Thus much less space than a FUV. Thus a better solution. If you notice, there's a three wheeler in there. It's much more narrow.
Then buy one. As of 1/1/23, you can get a 1998 or older Kei car. For example, an hour from me is this place and thus the reason why I see a number of Kei cars in NJ and Eastern PA. https://minitrucksdealer.com/
With federal law, anything 1998 or older can be imported in the US without any...
Thanks for posting that, as it proves my point. With the FUV, you have to sit in traffic just like everyone else. You can't ride down in between the traffic to get ahead. Then you can't park it on a sidewalk, instead have to either double park or find a parking spot just like the JC Transit...
What's the deal with the "city" car? I rarely see them in cities. For example, go to Paris, it's e-bikes, bikes and scooters. Go to London and it's the same. Even Frankfurt is now doing the switch to the same. After 2020, NYC is flooded with scooters and e-bikes. Yet none of the city of cars. I...
Interest is nothing. Elio Motors defaulted on their first payment of $25M for the equipment in Shreveport and thus it defaulted to 18%. Take that and the other creative financing, is the reason why the company that does nothing except for paying Paul $250K per year, somehow creates $18M in debt...
Aptera announces the launch edition. My takeaways:
- Need $50M more to get to production (have raised $85M so far)
- No idea as to when production will finally happen (maybe 12 months)
- Sandy Munro has been working with them (just like he did with Arcimoto)
- A Pre-IPO (so a way for you to get...
One part of the mission statement that's missing. We need to make money at this. Unless they stop the bleeding, they will be out of money yet again. Volume is not the answer to all of the manufacturing problems. It's efficiency based on realistic projections. With them going to 50K in 2025, I do...
This is how it works in this industry. Xponentialworks sets up a booth at various conferences and trade shows. They also reach out to other companies for business. Xponentialworks is funded by private equity. So it's a group of rich people that are trying to invest in the next big thing. They...
A few things. Dealing with manufacturing for most of my life and everything from automotive to powersports (I consider the FUV on the same level as the powersports offerings). For these changes to the production, then one weekend is all they need. Since they are working 4 days per week, then...
For anyone that gets the Arcimoto newsletters, they came out with a new one. They in fact paused production but did it because of the 2023 model. The 2023 model will have new features, improving overall ride quality, performance and polish. I guess with the $12M check they got, they can now...
With that pink part, this was a perfect example of Mark wasting the money he won from the lottery (aka IPO). I like bleeding edge technology but I also know that when building a cheap consumer product, then you go more basic in your approach. Basic means, easy to manufacture and durable. Instead...
You do realize, Bob was eliminated from Arcimoto back a few months ago. So, seems that TLM (which operates at a loss) was not a good business decision. The amount of equipment they could have bought to get the production cost down, is amazing. Instead, they spent it on a company that makes a...
I agree. When Arcimoto won the lottery (aka an IPO) they went on a spending spree for things that could have been spent for manufacturing equipment and developing the FUV with items like full doors, HVAC, increased range and a steering wheel. Instead, it was spent on buying TMW and developing...