Benzinga | Jun 30, 2021 12:57PM EDT

Arcimoto Partners With Lightning Motorcycles To Develop Electric Tilting Motorcycle

* Arcimoto Inc (NASDAQ:FUV) announced a partnership with Lightning Motorcycles to develop the fastest tilting three-wheel motorcycle in the world.

* Arcimoto will use its patented Tilting Motor Works TRiO tilting trike technology.

* TRiO allows the rider to lean naturally, maintaining performance and the thrill of the ride while increasing safety, stability, and confidence.

* The prototype collaboration trike is expected to be unveiled at the 'FUV and Friends Summer Showcase' to take place at the Portland International Raceway on July 26.

* "From the moment I met Richard Hatfield and saw the Lightning for myself at Bonneville, I knew there was the potential to create an electric trike unlike anything in the history of motorcycles," said Bob Mighell, Arcimoto's Chief Tilting Officer.

* Price action: FUV shares are trading lower by 2.95% at $17.08 on the last check Wednesday.