EUGENE, Ore. -- Arcimoto has agreed to purchase a manufacturing site in Eugene which is more than five times the size of its current facility.
The 185,000-square-foot site will play a key role in achieving mass production of Arcimoto's ultra-efficient electric vehicles within two years, the company said.
“In 2020 we articulated an aggressive goal to achieve mass production within two years,” said Mark Frohnmayer, Arcimoto founder and chief executive officer. “We believe the acquisition of this existing manufacturing facility is a critical leap toward our goal.”
"Purchasing an existing facility helps reduce risk during scale,” said Jesse Fittipaldi, chief strategy officer. “Instead of spending time designing and then building a new factory, we can start right away with facility retrofits and production line layout. We are thrilled that this site became available at an opportune moment in our planning process."
The site is located at 311 Chambers St. The sale is contingent on the company's approval of the property, zoning and land use restrictions and an environmental assessment. Closing is scheduled for March 31.