Amount Raised
$6 Million
Round Type
Funding Round
EugeneManufacturingAutomotiveDescription
Arcimoto, Inc.® (NASDAQ: FUV), makers of rightsized, ultra-efficient electric vehicles, announced today they received $6 million in additional funding by means of a real estate loan on their Eugene, Oregon factory. This additional financing comes shortly after the $12 million public offering that closed on January 20th. A portion of the net proceeds from the offering were used to repay the convertible note with 3i. The remaining funding will be used for working capital and general corporate purposes.
Quick answer
Arcimoto raised $6 Million in a Funding Round round, dated February 22, 2023. Arcimoto is based in Eugene, Oregon, United States.
- How much did Arcimoto raise?
- Arcimoto raised $6 Million in a Funding Round round on February 22, 2023.
- What does Arcimoto do?
- Arcimoto is a pioneer in the design and manufacture of rightsized, ultra-efficient, incredibly fun electric vehicles for everyday mobility.
- Where is Arcimoto based and how big is it?
- Arcimoto is based in Eugene, Oregon, United States.
Source: Fundz verified event record.
Who else raised in Automotive and Manufacturing around the same time
Companies in the same sectors as Arcimoto that raised within 45 days of this round, from Fundz verified event records.
- Hyperion Companies raised $220K (Seed) on March 18, 2023.
- CapGrid Solutions raised $7M (Funding Round) on January 30, 2023.
- RB Global raised $500M (Corporate Round) on January 23, 2023.
- Damon raised an undisclosed amount (Funding Round) on January 17, 2023.
- GRANITE FORGE raised $2.5M (Seed) on April 7, 2023.
- Volexion raised $961K (Seed) on April 7, 2023.
Who to call at Arcimoto, and when
A new round usually means Arcimoto is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Arcimoto raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Arcimoto, from your own LinkedIn network
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Fundz sees it the moment Arcimoto raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Arcimoto raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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