Arcimoto (FUVV) 19 May 212021 Q1 Earnings call transcript

Good afternoon, folks. Welcome to Arcimoto's 2021 Q1 Earnings Webinar. Give people a few minutes to log in if all of the panelists could mute themselves.

So welcome, everybody. I'm going to start -- we're going to do -- we're still working on the optimum format for the next evolution of the quarterly conference call.

goals on then who've new vision, the this the on I'm starting in the one really big -- to through to our out going us it open platform. introduce of and the the presentation bit a company, from the picture quarter then at up ahead, and quarter look are time going executives joined -- to Say run with detail We questions on little a kind of Again, had out, if shares chance Say, a Say your questions. have vote you not to allows check you for to

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folks to put every just a going I'm to keep according we are just goals. to up in quarter, own scorecard, with where So tune our

usage will we articulating and areas goals more year. we And X plan longer about little of service the Platform presently this our we mass all grail, in family, for the Platform to that introduce feed to in Tilting we We Platform the the of selling the more plan of service several models And introduce plan the vehicles to pilot four out of almost platform. we're we're We talk have Bob product X our X our into right sort bit laid plan transit those We goals to Officer, years. Arcimoto -- Chief customers states. before to of term personalized open open going next areas; next full aim Mighell. I'm only over to additional first a and after sales there, end our of shared true

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level. Sundaram new scale for and both maybe as came the yourself a this as building coming on to a we aiming we're second a International mind chief introduce higher and with what we're global stop which Arcimoto. well introduce turning you go to camera you those you that Business Officer. it, So and the to segue family in bit why to don't are great Dilip, a about who years the as just if that, in let's on, folks that's product replicate our share is Dilip we're your And building, way onboard let

Thank everyone Mark. Good to here. can hope to thrilled hear am I evening you, Sure. be everyone. really I me.

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before we share way. a there. get of we'll juicy have we So have along tidbits to go lots the ways to But

added at Indian an higher Platform be will the what stay it With to in X market, competitive X Platform range inexpensive help to being vehicle targeted low features the market? end

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from Yes, so, of mean potential. perspective, amount obviously, a tremendous I it the has

something have to is explore. that -- a that and So competitive very we market. India It is is

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options bring to are of that same such accommodate dogs that questioning Along Terry. sidecar to you, as plans Thank a line and/or market? there children

children not in sidecar. I your the would put

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have So money likewise, we to order likely in our sure And fleets necessarily own to don't don't it. in in a Roadsters areas will as see make who with certain rental people people want -- make Deliverator to that utilization well.

chain QX any have a is question related also what chain And Has improvement QX? for thus any in supply production and QX? Arcimoto supply Mike, Did outlook deterioration in been the to production issues or outlook. far? there encounter

to is want want in be swing QX at. -- output some But deeper this? color chain had both we that, and pieces of you means for worked any more take a take also What availability, we that certainly seen to add in part go QX, some challenges a have to terms TBD. of our I look at terms you exact back still hear. to mean, have Terry, to happy have if think think then has And certainly Terry, supply we supply, I those. unit I I'd and that we've through had QX, of in

the same to going ramping fact or are ones two. now everybody year out are being that chains this through parts every the is everybody challenges is that Yes, that other OEM the supply factories with the hit are factory is part just pandemic thing there, up, And -- beyond and the now back we that supply last all including the shortages.

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take So would the focused long are if immediate to term encourage you view. you on I the

Terry? -- it see I

are well on All we way. challenges are very And overcomable. our

specifically a to versus Aptera. questions see we related ourselves how position and see Electro couple I competition Mechanica and

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all that are climate So an a see towards transportation. of about the competition the change. And difference who make other of fighting really trying I set but players we is ideas ultimately, welcome old real to

around a few lawsuit have Research and may it Bonitas also questions the generated. There's that

at we it's our to length think some I the you previous I report. to then in spoke So Bonitas you TLDR the want previous on the misrepresentations. K we earnings chock-full webinar in obviously, what Doug, and of read about threw is from And regarding refer earnings back this? call March. would end allegations falses the of

the XX, Inc, The States of was intention research and Sure. On March the Arcimoto filed Barnette Doug litigation XXXX Court none XXXX. to Mark purports price defendants be District down of Frohnmayer common our common XX, XX, stock David dated served, on yet District all a who And purchased of with the seller in in LLC, our our XXXX has of February based those stock XXXX action, market Bonitas and common XX, New driving stock. of York. been short economy behalf produced of which the March Campoli the between versus stock by style the for April on United class of stated a the it's Eastern report action Research

in been the action, we has class certify no substantial defenses defend lawsuit claims a this this filed action. lawsuit time. to Although purportedly intend to have at asserted the We a class to motion is and believe vigorously this

if forward dump. vigorously action you, defending main and to Yes, of the the substantial then the smells was spam business reports me, short there mean, and looking law show push absolute the look class company, that ourselves of reverse but if and the at at focus case, I a to on say to short slew on looking just again, our interest execution Doug. is claims. you're firms Thank about a I from this pump We in these think, of amount the -- scale. of it on would once company started to the short the tracking up, interest just if I you're you're

states question another Anything to How opening this of or delivery a share up And for vehicles? next nationwide you about which follow be year? up do from open individual. to plan coming states will many then

goal course, -- at be So will ones would again, will to be fantastic forgotten would announced, why the adjacent little couple announce initially. we think then my states for I production, immediately mass it can probably and couple is Alaska, over candidates that lower And, we those are when are you a more the awesome. my are look say year but goal have for I them we a open, And we And we of we -- the they is an good that it. we're level eye higher our really is to a in got time you but is we've And or let's point pre nationwide then states, to XX. opportunity that a more. least for soon. much only see of at facilities, if the deliver, I are get where coverage XX% our handful of which are a pre order the haven't by book, about then All we of able well. take right, open orders, can additional facilities there somewhere as open can time, pick in a Fritz, wrap we of also to our end approaching

of some the of can Great, of the challenges ramp? completing you end through facing now targeted goal run XXXX and between the us

-- have a organizing But is say see internally to massive go our say we of making one -- the challenge work in that as supply are challenges. doing the going a I biggest that be would coordination. lead really But to sure production is would of terms I it the there substantial involves a are and going we're into biggest of based probably date, they our that to experience amount just production or challenges. program in of One very number any on some of chain into company. Well, vehicle scale I we robust

time technologies minutes to the to big also And door a are where vehicle significant some to they every ready really is is for eight the a dialed those for climb. cranking of feat out hill in be new no point pushing We in going itself. the drivetrain. in are And getting then small deployment

making you would Jesse, I add, out the planning that all say if Terry, to sure assembly Dilip, be anything like clockwork. have line, But guys works So yours.

it It's now. a challenge, right feels but good

steps. making We And feel do like that to we great we've get got good understands have to there. a team we're that

I'm good. So feeling

that with like helpful. just that companies the and going day with the there large I'll in have Munro very team his very working and his And the will with good, very, one background with out to is mind we volume from Jessie? be go Dilip Dilip throw connections with high that Feeling vehicles, international focus well. and designing too

And this good that a follow our question, for Doug. addresses is up final

Specifically, other? that we Europe be our after now first Dilip, have focus will internationally North America? where America, Asia, South

Well, so okay, process the in still we're of the strategy building here.

you we already Europe to have just it of So have go more at said green know, internationally European that, and you many look also the address. as But deal. the cities embraced complex having as I issues in we because to regulatory mean, of got terms in gets that

Kong, places kind definitely to what So opportunity they traffic downtown vehicles. also what provider? So government's or city -- that are tremendous the electric electric internal promoting to So which vehicles, have case. also them just us even or Then something promoting gives we Singapore like is are vehicles, their states and got, a mobility engine combustion to that closing is vehicles mobility play and of many the kind like like our electric areas? means that be not of here the or personal you lends itself have really sometimes that that there personal of Hong in vehicles,

mayor place to kinds like So both the have City, other vehicles the for Mexico you bring is well for as of and of anxious city as personal mobility then electric where a an transportation.

of also we depend hanging fruits, we to the going have have a issues And lot to so low absolutely. encounter. do regulatory But it's that on

are we our terms regulatory the are things top what for the of now should are low the the obstacles is organize So longer-term what entry for Again, in aware as we the question. opportunity need the sure we vehicle as great. to right. Doug make where the is hanging What regulatory for planning in like what market that -- your get the Well, in. all process well All both components out if we is apologies you to to that are actual greatest Where didn't right lowest, fruit? priorities? characteristics be ahead tuning doing and if identifying of are helping thank is years

investor@arcimoto.com. email always can You

email investor think If on from please get anybody arcimoto.com/ir. to care. up for driver's be missed stay not you And can there list, signed tuned. the seat. you I tonight webinar you who posted have This love Take We'd it. already get will our in