08-24-2023, 03:16 PM
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#1379 (permalink)
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Master EcoModder
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techcrunch.com/: Teeny EV startup Arcimoto hooks up with defense contractor
Quote:
On Monday, Arcimoto said it is diversifying beyond its usual business via a partnership with Department of Defense contractor Matbock. That’s a first for the EV startup, which is best known for its doorless “fun utility vehicles.”
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For its part, Arcimoto is searching for ways to keep its doors open. The company kicked off the year with a warning that it had “substantial doubt about [its] ability to continue” operating. Since then, the firm says it’s secured nearly $25 million via three separate fundraises — including a $6.7 million offering earlier this month. Arcimoto is due to share its latest financials with investors on August 24.
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