GoCar and Arcimoto team up to develop driverless electric vehicles

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Arcimoto ($NASDAQ:FUV) is a company that specializes in the development and production of sustainable transportation solutions, including electric vehicles. The company’s FUV platform is the basis for the GoCar EV Sport, a driverless electric vehicle that has a range of up to 100 miles. The GoCar EV Sport retains all of the capabilities of the GoCar, including the GoCar Network technology and the GoCar mobile tour guide application.

The collaboration between Arcimoto and GoCar Tours will facilitate the driverless delivery of GoCar Tour vehicles from GoCar’s depots to select pickup counters at partner locations. This will allow customers to drive the vehicles on tours and adventures in cities where GoCar operates.

Share Price

On Monday, shares of Arcimoto Inc. opened at $1.0 and closed at $1.0, up by 1.0% from the previous day’s closing price of $1.0. The stock was boosted by news that the company has teamed up with GoCar to develop driverless electric vehicles. Arcimoto is a pioneer in the development of electric vehicles, and the partnership with GoCar will allow the company to tap into the latter’s expertise in driverless technology. The two companies will work together to develop a prototype of an autonomous electric vehicle that can be used for ride-sharing and other commercial applications. The partnership is a boost for Arcimoto, which has been working to commercialize its electric vehicles.

The company’s stock has been volatile in recent months, but the partnership with GoCar is a vote of confidence from the driverless technology sector. The driverless electric vehicle market is expected to grow rapidly in the coming years, and Arcimoto is well-positioned to capitalize on this trend. The company’s stock is worth watching for investors who are looking for exposure to the driverless car sector. Live Quote….

VI Analysis

A company’s fundamentals reflect its long term potential. The VI app makes it easy to see how well a company is doing in terms of cash flow and debt. ARCIMOTO has a low health score of 2/10, which means it is less likely to be able to pay off its debt and fund future operations. However, ARCIMOTO is classified as a “cheetah” company, which means it has achieved high revenue or earnings growth but is considered less stable due to lower profitability. This type of company may be of interest to investors who are looking for growth potential, but who are also willing to accept a higher degree of risk.

VI Peers

In the market for electric vehicles, there are a few companies that stand out among the rest. Arcimoto Inc, RAC Electric Vehicles Inc, Volcon Inc, and Navya SA are all leaders in the industry, and each has its own unique strengths and weaknesses. While Arcimoto Inc may have the edge in terms of innovation, RAC Electric Vehicles Inc has a more established customer base. Volcon Inc has a strong focus on environmental sustainability, while Navya SA has a long history of success in the automotive industry.

– RAC Electric Vehicles Inc ($TPEX:2237)

RAC Electric Vehicles Inc is a publicly traded company that designs, manufactures, and sells electric vehicles. The company has a market cap of $3.66 billion as of 2022 and a return on equity of -10.56%. RAC Electric Vehicles Inc is headquartered in Ontario, Canada.

– Volcon Inc ($NASDAQ:VLCN)

Volcon Inc is an electric vehicle company that manufactures, sells, and leases electric vehicles. The company has a market cap of 40.67M as of 2022 and a Return on Equity of 14.75%. Volcon was founded in 2017 and is headquartered in Austin, Texas. The company’s mission is to provide sustainable and affordable transportation options for people and businesses. Volcon’s products include the Volcon Grunt, a rugged all-terrain vehicle; the Volcon Ranger, a versatile utility vehicle; and the Volcon R1, a high-performance sports car.

– Navya SA ($OTCPK:NVYAF)

Navya SA is a French company that manufactures autonomous vehicles. As of 2022, the company has a market capitalization of 5.61 million euros and a return on equity of 323.52%. Navya’s products include the Autonom Shuttle, a driverless, electric shuttle that can transport up to 15 people; the Autonom Cab, a driverless, electric taxi; and the Autonom Truck, a driverless, electric truck. The company has partnerships with several major corporations, including Airbus, Continental AG, and Valeo.

Summary

Arcimoto, Inc. is an American electric vehicle manufacturer headquartered in Eugene, Oregon. The partnership will combine Arcimoto’s expertise in electric vehicle design and manufacturing with GoCar’s experience in developing autonomous driving technology. The goal of the partnership is to develop a driverless electric vehicle that is safe, efficient, and affordable. The combination of Arcimoto’s experience in electric vehicle design and manufacturing with GoCar’s experience in developing autonomous driving technology will result in a driverless electric vehicle that is safe, efficient, and affordable.