Last month we reported on the financial woes of Arcimoto, the manufacturer of fun and funky-looking 75 mph (120 km/h) three-wheeled electric vehicles. The company was said to be teetering dangerously close to bankruptcy as it quickly sought out additional funding to keep its factory open.
After being forced to pause production and temporarily shutter the Eugene, Oregon-based factory, Arcimoto returned this week with good news! It’s back to business after landing $12M in funding from a quick stock raise at a reduced price.
Flush with that fresh cash from a painful funding round, the lights are back on and Arcimotos FUVs (Fun Utility Vehicles) are expected to begin rolling off the production line as soon as next month.
And the FUVs aren’t just back, they’re better than ever. According to the company, the new models will receive improved steering that enhances maneuverability and handling. The update is expected to reduce steering effort by as much as 40%.
That’s an update that couldn’t come soon enough.
I’ve tested the FUV on several occasions and it’s an awesome ride. But one of the first downsides you notice when you hop in the driver’s seat is just how much muscle is required to steer at low speeds. At higher speeds, it steers just fine. But at lower speeds you’re really forcing that rubber across the asphalt.
You can take a look at my ride video below, where I tried to do a slalom of traffic cones but found that it worked better if I doubled up and aimed for every other cone. I’m normally spotted on electric two-wheelers and so I can confidently say that the FUV – despite its unique charm – certainly isn’t as nimble as most of my rides.
The new update, which sounds like it should give a more power steering feel to the ride, will rollout with the first new models off the assembly line after the factory reopened.
With any luck, this will be a new beginning for the company.
One of the biggest hurdles that Arcimoto has faced so far is simply convincing enough riders to fork over $20k for the funky-looking vehicles. Mass production is said to eventually be capable of dropping the price closer to $12k, but in the meantime the specialized vehicles have proven to be expensive alternatives to traditional electric cars. While there’s certainly some fun differentiators in the design, the open-sided two-seaters lack much of the utility of conventional cars.
But Arcimoto hasn’t only focused on consumers. The company has also targeted commercial customers with a cargo version of the vehicle known as the Deliverator. It swaps the rear seat for a large storage box that can be used for food delivery, parcel service or a number of other utility tasks.
Electrek’s Take
I’m definitely excited to hear that Arcimoto managed to find the funding to stay afloat, and I hope it’s enough to get the company back on its feet.
I think there’s promise here, and that if Arcimoto can survive to reach higher volume production and drop the price to its $12k target, then the company could see a serious increase in demand.
The difference between $12k and $20k is huge, especially for a vehicle that is more of a second car than a first car for most families.
Is it a sensible purchase for most people? Probably not. It’s more of a splurge for eccentric folks right now. But having experienced the FUV and its top-chopped Roadster cousin, I can firmly say that anyone who tries one will enjoy it!
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The Top Gear TV show might be over, but its tamed racing driver – a masked, anonymous hot shoe known only as “the Stig” – lives on … and his latest adventure involves pitching the 1,400 hp electric Ford SuperVan demonstration vehicle around the famed Top Gear test track. Sideways.
In this video from the official Top Gear YouTube channel (is Top Gear just a YouTube show, now?), the boxy Ford racer seems to have sprouted an additional 600 peak horsepower in its latest “4.2” iteration, for a stout 2,000 hp total. For his (?) part, the Stig puts all of those horses to work in what appears to be a serious attempt to take the overall track record.
I won’t spoil the outcome for you, but suffice it to say that even the most die-hard anti-EV hysterics will have to admit that SuperVan is a seriously quick machine.
SuperVan 4.2: How fast can a 2000 hp transit go?
[SPOILERS AHEAD] Even with 2,000 hp, instant torque, and over 4,000 lbs. of aerodynamic downforce, the SuperVan wasn’t able to beat the long-standing 1st and 2nd place spots held by the Renault R24 (a legit Formula 1 race car) and the Lotus T125 Exos (a track-only special that sure looks like a legit Formula 1 race car), but after crossing the line with a time of 1:05.3, the Ford claims third place on the overall leaderboard.
You can check out the video (above) and watch the whole segment for yourself, or just skip ahead to the eight-minute mark to watch the tire-shredding sideways action promised in the headline. If you do, let us know what you think of Ford’s fast “van” in the comments.
Swedish multinational Sandvik says it’s successfully deployed a pair of fully autonomous Toro LH518iB battery-electric underground loaders at the New Gold Inc. ($NGD) New Afton mine in British Columbia, Canada.
The heavy mining equipment experts at Sandvik say that the revolutionary new 18 ton loaders have been in service since mid-November, working in a designated test area of the mine’s “Lift 1” footwall. The mine’s operators are preparing to move the automated machines to the mine’s “C-Zone” any time now, putting them into regular service by the first of the new year.
“This is a significant milestone for Canadian mining, as these are North America’s first fully automated battery-electric loaders,” Sandvik said in a LinkedIn post. “(The Toro LH518iB’s) introduction highlights the potential of automation and electrification in mining.”
The company says the addition of the new heavy loaders will enable New Afton’s operations to “enhance cycle times and reduce heat, noise and greenhouse gas emissions” at the block cave mine – the only such operation (currently) in Canada.
Electrek’s Take
From drilling and rigging to heavy haul solutions, companies like Sandvik are proving that electric equipment is more than up to the task of moving dirt and pulling stuff out of the ground. At the same time, rising demand for nickel, lithium, and phosphates combined with the natural benefits of electrification are driving the adoption of electric mining machines while a persistent operator shortage is boosting demand for autonomous tech in those machines.
European logistics firm Contargo is adding twenty of Mercedes’ new, 600 km-capable eActros battery electric semi trucks to its trimodal delivery fleet, bringing zero-emission shipping to Germany’s hinterland.
With the addition of the twenty new Mercedes, Contargo’s electric truck fleet has grown to 60 BEVs, with plans to increase that total to 90. And, according to Mercedes, Contargo is just the first.
Contargo’s 20 eActros 600 trucks were funded in part by the Federal Ministry for Digital Affairs and Transport as part of a broader plan to replace a total of 86 diesel-engined commercial vehicles with more climate-friendly alternatives. The funding directive is coordinated by NOW GmbH, and the applications were approved by the Federal Office for Logistics and Mobility.