I suggested the DOE ATVM loan funding option to Arcimoto for the development of their SRK EV. Their response was interesting:
Arcimoto has used 'angle investor' private venture capital over the past 8 years to fund their dream up to the SRK Gen 8 production model currently on tour. They ask for a simple $100 refundable reservation deposit for a spot in line. Arcimoto's SRK funding has/is spent on daily operations geared to concept development...................not marketing. The advertising budget will no doubt kick into high gear when there is a product available to market. A financially responsible business model and very admirable.
Arcimoto has used 'angle investor' private venture capital over the past 8 years to fund their dream up to the SRK Gen 8 production model currently on tour. They ask for a simple $100 refundable reservation deposit for a spot in line. Arcimoto's SRK funding has/is spent on daily operations geared to concept development...................not marketing. The advertising budget will no doubt kick into high gear when there is a product available to market. A financially responsible business model and very admirable.
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