I just go by what the company tells me. Maybe what they put in print is not correct. For example, back when they were going for their IPO, they stated this:
The reality is, they raised $19.5M. In excess of what they were planning. They ended up with an extra $9.5M thus only needed another $8.5M. Yet they raised another $20M in convertible notes, $12M with the stock split and $6M loan. That's an extra $38M from what their plans were.
Yes. With the RAMP, they are at just below 2 units per day. This is assuming 48 weeks of production and their 4 day work week for all of 2022.
A few other things that the promised back when they did their IPO:
- Extended range battery pack (20kWh) for a 130 mile range
- Full HVAC
-
Arcimoto app for your phone
- Adventurer: The base model SRK, our open-air vehicle is perfect for everyday use in mild and warm climates, or year-round in less forgiving climates for the brave and appropriately attire
deal domestically for urban commutes, cart communities, or as a get-around towed behind the RV, the Adventurer will also be an appealing solution for emerging third world cities that are currently crowded with noisy and polluting two-stroke motorcycles and tuk tuks.
- Transporter: Adding the hard-panel enclosure and extended range battery pack greatly expands the utility of the SRK in colder climates, sprawling cities, and rural environments.
- GoGoMoto: The lowest cost, most efficient “last mile” autonomous solution for the future. We imagine urban center transportation needs being served by small-form, ultra-efficient driverless SRKs: the most appropriately designed machine for moving people in congested city centers. Our current design concepts will be compatible with designated thoroughfares and future transportation network fleets. Our base model will be capable of taking drive/brake/steer commands from 3rd party hardware/software autonomous package solutions.
- Hard Shell: Panel enclosure
- Soft Shell: Panel enclosure
Remember, this company was founded in 2007, made 8 iterations, raised $19.5M with an IPO in 2017 and started production in 2019. At what point, are they not considered a new startup?