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https://www.profitconfidential.com/stock/arcimoto-stock/new-acquisition-helps-ev-stock/ Arcimoto Inc: New Acquisition Helps EV Stock Soar in 2021 John Whitefoot, BA Profit Confidential 2021-02-01T07:45:05Z 2021-02-02 11:01:47 Arcimoto Inc NASDAQ:FUV Arcimoto stock FUV stock Arcimoto Inc (NASDAQ:FUV) is an electric vehicle (EV) company worth watching. It announced a strategic acquisition, it s expanding its production facilities, it reported financial results that surpassed every prior full-year results, and its balance sheet is the strongest it has ever been. Arcimoto Stock,Technology https://www.profitconfidential.com/wp-content/uploads/2021/01/business-B98Z522-300x160.jpg
Arcimoto Inc s Acquisition Opens Doors to New Line of EV Products
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Arcimoto to Acquire Tilting Motor Works
January 25, 2021 GMT
Arcimoto to acquire Tilting Motor Works, makers of the patented TRiO tilting trike technology that will serve as foundation for new Arcimoto products aimed at micromobility. (Photo: Business Wire)
Arcimoto to acquire Tilting Motor Works, makers of the patented TRiO tilting trike technology that will serve as foundation for new Arcimoto products aimed at micromobility. (Photo: Business Wire)
EUGENE, Ore. (BUSINESS WIRE) Jan 25, 2021
Arcimoto, Inc.® (NASDAQ: FUV), makers of affordable, practical, and joyful pure electric vehicles for everyday commuters and fleets, announced today that it has reached an agreement to acquire Tilting Motor Works. Under the terms of the agreement, Arcimoto will acquire the assets of Tilting Motor Works for a combination of cash and Arcimoto shares in the range of $9.25 million to $10.25 million.