New York Tech Media
  • News
  • FinTech
  • AI & Robotics
  • Cybersecurity
  • Startups & Leaders
  • Venture Capital
No Result
View All Result
  • News
  • FinTech
  • AI & Robotics
  • Cybersecurity
  • Startups & Leaders
  • Venture Capital
No Result
View All Result
New York Tech Media
No Result
View All Result
Home Startups & Leaders

Oregon electric vehicle startup Arcimoto opens new 250,000 square-foot factory

New York Tech Editorial Team by New York Tech Editorial Team
February 23, 2022
in Startups & Leaders
0
Oregon electric vehicle startup Arcimoto opens new 250,000 square-foot factory
Share on FacebookShare on Twitter

Eugene startup Arcimoto has officially opened a new 250,000 square-foot manufacturing facility that it says will allow it to greatly increase production of its three-wheel electric vehicles.

The new RAMP facility at 311 Chambers Street in Eugene is more than five times as large as Arcimoto’s current manufacturing facilities. CEO Mark Frohnmayer said the company has a goal of assembling 50,000 electric vehicles annually in the facility by 2025.

“Once at full capacity, the RAMP is expected to be capable of producing 50,000 vehicles per year, and further, provide a replicable template for global expansion,” Frohnmayer said.

That would be a massive increase from the company’s current output.

In its latest report to investors, Arcimoto said it built 251 vehicles in the first three quarters of 2021, putting it off pace to meet its target of producing 425 vehicles last year. The company pointed to supply chain issues last year as a factor limiting production but said nonetheless that its new facility would allow it to significantly scale up over the next three years.

All of the company’s vehicle models will be built on the same production line at the new facility, which the company said will allow it to increase output. It also said it will develop a logistics hub at the new facility, complete an automated assembly line and acquire key parts needed to produce its vehicles as it aims to ramp up production by 2025.

Also Tuesday, the company unveiled a new driverless delivery vehicle, the Faction D1, that will be produced at the new manufacturing facility. The driverless vehicle could reach 75 miles per hour and transport 500 pounds of cargo up to 100 miles, according to the company.

Faction Technology Inc., a Silicon Valley startup that develops driverless solutions for electric vehicles, expects to begin pilot customer trials for the Faction D1 this year.

— Jamie Goldberg; jgoldberg@oregonian.com; @jamiebgoldberg


Credit: Source link

Previous Post

Apple Stores drop mask requirements for customers in several states

Next Post

Berlin FinTech Monite Raises $5M for B2B Platform

New York Tech Editorial Team

New York Tech Editorial Team

New York Tech Media is a leading news publication that aims to provide the latest tech news, fintech, AI & robotics, cybersecurity, startups & leaders, venture capital, and much more!

Next Post
Berlin FinTech Monite Raises $5M for B2B Platform

Berlin FinTech Monite Raises $5M for B2B Platform

  • Trending
  • Comments
  • Latest
Meet the Top 10 K-Pop Artists Taking Over 2024

Meet the Top 10 K-Pop Artists Taking Over 2024

March 17, 2024
10 Raunchy Movies on Netflix You Won’t Regret Watching

10 Raunchy Movies on Netflix You Won’t Regret Watching

May 20, 2024
Panther for AWS allows security teams to monitor their AWS infrastructure in real-time

Many businesses lack a formal ransomware plan

March 29, 2022
Zach Mulcahey, 25 | Cover Story | Style Weekly

Zach Mulcahey, 25 | Cover Story | Style Weekly

March 29, 2022
How To Pitch The Investor: Ronen Menipaz, Founder of M51

How To Pitch The Investor: Ronen Menipaz, Founder of M51

March 29, 2022
Clubhouse will soon let you pin links to the top of rooms

Clubhouse will soon let you pin links to the top of rooms

October 23, 2021
Startups On Demand: renovai is the Netflix of Online Shopping

Startups On Demand: renovai is the Netflix of Online Shopping

2
Robot Company Offers $200K for Right to Use One Applicant’s Face and Voice ‘Forever’

Robot Company Offers $200K for Right to Use One Applicant’s Face and Voice ‘Forever’

1
Menashe Shani Accessibility High Tech on the low

Revolutionizing Accessibility: The Story of Purple Lens

1

Netgear announces a $1,500 Wi-Fi 6E mesh router

0
These apps let you customize Windows 11 to bring the taskbar back to life

These apps let you customize Windows 11 to bring the taskbar back to life

0
This bipedal robot uses propeller arms to slackline and skateboard

This bipedal robot uses propeller arms to slackline and skateboard

0
Ask Perion

Perion Launches Ask Perion to Bring AI-Powered Self-Service to Omnichannel Advertising

June 18, 2026
AI generated image courtesy of Famous Labs

Famous.ai and the Small Business Owner Who No Longer Needs Silicon Valley

June 17, 2026
Checkout customer service

Perion Selected by Best Buy Canada to Power Programmatic Retail DOOH Media Network

June 17, 2026
three men posing outdoors

An AI Company on a Tiny Island Just Beat the Biggest Names on Wall Street. Here’s the Part That Should Surprise You.

June 2, 2026
man in a blue coat wearing glasses

Why Human Skills Matter More Than Ever in the AI Era

May 27, 2026
essential travel gadgets

May 24, 2026

Recommended

Ask Perion

Perion Launches Ask Perion to Bring AI-Powered Self-Service to Omnichannel Advertising

June 18, 2026
AI generated image courtesy of Famous Labs

Famous.ai and the Small Business Owner Who No Longer Needs Silicon Valley

June 17, 2026
Checkout customer service

Perion Selected by Best Buy Canada to Power Programmatic Retail DOOH Media Network

June 17, 2026
three men posing outdoors

An AI Company on a Tiny Island Just Beat the Biggest Names on Wall Street. Here’s the Part That Should Surprise You.

June 2, 2026

Categories

  • AI & Robotics
  • Benzinga
  • Cybersecurity
  • FinTech
  • New York Tech
  • News
  • Startups & Leaders
  • Venture Capital

Tags

AI AI QSRs Allseated Automat-it AWS B2B marketing Business CISO CISO Whisperer Collaborations Companies To Watch cryptocurrency Cybersecurity Entrepreneur Fetcherr Finance FINQ Fintech Funding Announcement hi-tech Hi Auto Impala Investing Investors investorsummit israelitech Leaders LinkedIn Leaders Metaverse Mindset Minnesota omri hurwitz Perion PointFive PR QSR Real Estate start- up startupnation Startups Startups On Demand Tech Tech leaders Unlimited Robotics VC
  • Contact Us
  • Privacy Policy
  • Terms and conditions

© 2024 All Rights Reserved - New York Tech Media

No Result
View All Result
  • News
  • FinTech
  • AI & Robotics
  • Cybersecurity
  • Startups & Leaders
  • Venture Capital

© 2024 All Rights Reserved - New York Tech Media