Benzinga | Jul 2, 2021 03:33PM EDT

Arcimoto Launches Pilot Program With Encinitas City To Test Electric Vehicles

* Electric vehicles manufacturer Arcimoto Inc (NASDAQ:FUV) is launching a joint municipal pilot program with the City of Encinitas to test the Fun Utility Vehicle, Deliverator, and Rapid Responder for use by Encinitas Lifeguards and Infrastructure and Sustainability Departments.

* The move aligns with Mayor Catherine Blakespear's efforts to reduce carbon pollution and advance sustainable transportation in Encinitas.

* Throughout the 60-day pilot program, Arcimoto vehicles will be tested by staff located at City Hall and the Marine Safety Division.

* "We hope to demonstrate the practical benefits of affordable, small-footprint electric vehicles for a variety of everyday uses that will save the City time and money while furthering their sustainability goals, which are substantial," said CEO Mark Frohnmayer.

* Price action: FUV shares are trading lower by 8.39% at $14.26 on the last check Friday.