The Future of Personal Mobility w/ Mark Frohnmayer

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HyperChat #14 - Arcimoto has began production of its 3-wheel EV, the Fun Utility Vehicle (FUV). This marks a major milestone for the Eugene, Oregon based startup, that has been developing this technology/product for over a decade now. In this episode I talk with CEO/Founder Mark Frohnmayer about Arcimoto's vision for the future or personal mobility. Let me know what you think in the comments below!
Become a #HyperChanger & support us on Patreon to receive the exclusive weekly HyperChange Newsletter!! / hyperchange
LINK - Arcimoto's website: www.arcimoto.com/
LINK - Arcimoto Q2 2019 financials/PR: www.businesswire.com/news/hom...
LINK - Latest Arcimoto investor deck: www.arcimoto.com/wp-content/u...
LINK - Mark Frohnmayer on Twitter: / nardopolo
HyperChange Twitter: / hyperchangetv
HyperChange Instagram: / hyperchange
HyperChange Facebook: / hyperchange
Music by Marko: / markothedon & Fritz Carlton: / fritzcarlton
// Want more Tesla videos? Check out my friend's channels here:
Like Tesla / @itskimjava
Now You Know / @nowyouknowchannel
Sean Mitchell / seanmmitchell
Teslanomics / @bensullinsofficial
Disclaimer: This video is purely my opinion and should not be regarded as factual information. I am not a financial advisor. This is not a recommendation to buy or sell securities. Do not assume any facts and numbers in this video are accurate. Always do your own due diligence. As of 10/06/2019 HyperChange host (Galileo Russell) is invested in shares of Tesla (TSLA), Arcimoto (FUV), Snap (SNAP) and long Maker & Bitcoin.

Опубликовано:

5 окт 2019

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Комментарии : 144

@HyperChangeTV 4 года назад

*TIMESTAMPS* :) 0:58 - What is the vision of Arcimoto? 3:08 - The FUV is so unique, how was it designed? 5:44 - Efficiency of Arcimoto’s FUV compared to other EVs & ICE vehicles 7:02 - Different uses for the Arcimoto platform like the Rapid Responder & Deliverator 9:20 - What’s the addressable market for the FUV? 11:50 - Arcimoto’s vacation rental retail strategy 14:05 - Arcimoto’s 4,000+ order backlog 16:40 - The Arcimoto Manufacturing Plant (AMP) in Eugene, Oregon 18:52 - Production is up and running! How fast will it ramp? 20:40 - How are you financing the company? 22:39 - What do you think about Rivian & other EV startups?

@rtanaka 4 года назад

Love that you're covering this company. A professor once shared this company's story with me after learning I was interested in urban mobility/ working for Tesla. Super cool intersection of the electric vehicle + hopefully how society views urban mobility. Exciting that they've hit this major milestone!

@HyperChangeTV 4 года назад

go Arcimoto!

@nigelweir3852 4 года назад

Will this be available in Europe,, no right hand drive design problems , just like a Tesla truck , one type suits right and left hand drive markets

@dlwatib 4 года назад

After selling a few of these vehicles in touristy locations in the USA, these guys ought to start selling in China, India and southeast Asia where three wheeled vehicles and open vehicles already have some market acceptance. I think the vehicle is too expensive at $11,900 base price. They need to get the price below $10k to be competitive. MSRP on the Nissan Versa is only $12,460, and for that you get a fully enclosed vehicle that seats four, rides on four wheels, has full automotive safety equipment and even air conditioning and tilt steering wheel. The 2019 Versa is a remarkable bargain compared to a motorcycle or FUV.

@eigenvalue9358 4 года назад

Though you are neglecting the cost for gas, which is roughly the same as the vehicle cost over the life time.

@thomasreese2816 4 года назад

The cost definitely seems like the biggest limiter to scale. Hoping they can bring it down to 4-5k within a few years as battery costs decline

@IamBHM 4 года назад

@@thomasreese2816 Ironically, scale is also one of the biggest limiters to cost. Production costs generally get a lot more efficient at higher scale.

@stanbrand1 4 года назад

The first responder vehicle has amazing potential. I work in the emergency room and for stroke patients or for someone who is having a heart attack, time is everything. Getting to the patients in an ambulance can be time-consuming during traffic. The Rapid Responder has the potential to improve the response time of reaching patients.

@HyperChangeTV 4 года назад

so cool! can't wait to see them deliver the rapid responders! this is a gamechanger for small fire/emergency departments

@stanbrand1 4 года назад

@@HyperChangeTV even for medium to large fire departments it would make a difference. Response time is a metric for success in the medical field. I hope they can use that as a selling point.

@nardopolo101 4 года назад

Hopefully the name of the product helps communicate this advantage.

@archigoel 4 года назад

I think new "Air Taxi" under development would be perfect for emergency responder.

@phamnuwen9442 4 года назад

Isn't this almost as wide as a normal car? I'm thinking width is probably the single biggest factor in being able to weave through traffic. It might be better in this regard than a big-ass truck based ambulance, but would it be much better than a Model 3, for example?

@dorongoldstein2451 4 года назад

How can you cross town faster? you can not go between two vehicles like a bike does - in a traffic jam you need to wait... just like a car!?

@elektrotehnik94 4 года назад

Great video, I'm a noob at financials but this seems like such an undervalued company with regards to their product. Like, a gold mine undervalued :D 50-100 million evaluation, with such preorders and company culture? The price is very appealing. Enclose that FUV, simple heaters and you're all-weather operations, minus heavy snow. Smells like a great find

@tomkarns1690 4 года назад

Where do they source the battery?

@nicosmind3 4 года назад

Gali you should survey your viewers and find out the percentage of people who would buy one of these, cause i cant imagine its many. Of course even a small number can mean millions in sales but still. It would be nice to see what people think

@moherbert5332 4 года назад

What is the side impact rating?

@bendixon2898 4 года назад

Only motorcycle standards so no safety rating

@TecnamTwin 4 года назад

Mo Herbert Thanks for asking this because that's a big no for most people.

@hexstar8576 4 года назад

Just my prediction, Amazon is designing their new delivery vans around autonomy, to self drive from the warehouse with packages, then upon arrival at customer destination, Boston Dynamics Spot robots will exit the van with a package, and drop it at the front doors of said Amazon customers house. This may just be what is already in play! Great interview Gali, as always!

@ramblerandy2397 4 года назад

I have been critical of Archimoto via the 3 wheeler concept in the past - either two in front or two behind. Both have advantages and disadvantages in almost equal measure. But the fun aspect is always with the "two in front" idea. Lots of minor issues fall away with two wheels leading. I wish them every success. Bring them to Europe and they will just sell and sell, especially in southern Europe. Make them a little more weather resistant and the north is theirs too.

@wm.perrykillam4243 4 года назад

I love the idea of this vehicle and the use case scenario. I ended up buying a Zero electric motorcycle for daily commuting to work, but would have bought a FUV had they been available because of the better safety and comfort.

@julianjameson619 4 года назад

@Gali You didn't mention the recent Registered Direct Offering (and what happened to the share price last Friday) - can you please explain/discuss this in a future video?

@HyperChangeTV 4 года назад

yup! This interview was recorded before that news

@tipkoonline 4 года назад

Seems like they are hiding something

@alexgribanovskiy5666 4 года назад

Direct Offering was good. Now they have 2mUSD to grow the production and the business itself

@ViperST989 4 года назад

@@tipkoonline like a bunch of cheaper used EVs that are safer, offer more utility, etc..? Leafs are only $7,000 now. I understand the vacation rental idea, and urban delivery, the idea of these replacing everything is just not going to happen. Just look at motorcycles, yes you can fit three in the space of 1 car, but no one rides side by side, especially with strangers, in terms of congestion, this has a similar impact as a car.

@ViperST989 4 года назад

@@HyperChangeTV please do a stock review, because the financial statements I've seen don't look good. I'm curious where you're seeing this as a good investment. Little cash on hand and they're only making one unit per day and that will continue for a bit. Doesn't seem sustainable.

@francescodallevedove5018 4 года назад

Great content, love this format! 30-45 minutes is perfect for learning the interesting stuff. Then is up to us and other shorter videos for updates. Keep it real!

@dr-k1667 4 года назад

I am really looking for them to make a success of this... and so I invested in them when I first was introduced to the company through Now You Know. I hope their production goes smoothly... it's been a long wait (model 3 is nothing compared to 12 years) but they are here now. Let's hype the change that is coming.

@alexgribanovskiy5666 4 года назад

yep,... it is interesting to see how Tesla and Arcimoto have progressed in those 12 years...

@macacorisoto7472 4 года назад

im a proud fuv share holder from portugal!

@skateguy50 4 года назад

Keep waiting to hear about this coming to East Coast. I've been on the list for a few years and willing to pickup in Oregon if it gets me an option to buy sooner. Curious how it is being classified for insurance and license. I have a motorcycle license and my bike costs $100 for a year and car is $1,000 a year so hoping this stays motorcycle for the insurance number :p

@cyberjoe77 4 года назад

I love the fun factor and saving some money by not fueling with gas just to travel down the street for quick rides to get coffee or grocery but 12k seems expensive. 8500 to 10k seems more reasonable.

@utahnate 4 года назад

Dope video! I’m so pumped to watch this amazing company evolve!

@spacetourist247 4 года назад

Thanks for this Gali, these have incredible potential

@mrtkiersch 4 года назад

Love U Gali

@MarcoNierop 4 года назад

That "Defts Blauw" mug really stands out, I wonder where he got that from :-) (Dutch guy speaking here..) Great video Gali, regrettably I cant invest in FUV, it is not listed at my broker.

@rwess 4 года назад

Can I tow it with my Model 3 ? :-) Seriously, it would be a great vehicle to tow along behind those big RV's. Btw. there are others in this market - I would have asked him how this FUV is superior to the rest (I think it is.)

@luketesoriero2338 4 года назад

Roy Wessbecher this is good thinking

@arthureum 4 года назад

How different is it from smart car?

@DeanGoldbaum 4 года назад

What are their plans for integrating self driving? Vertical or third party? What your thoughts on working with comma ai?

@HyperChangeTV 4 года назад

this is a great question for my next interview w/ Mark, should've brought this up. thanks for sharing

@AdventuresInTheSky 4 года назад

They have closed options for winter?

@eigenvalue9358 4 года назад

Afaik they have heated seats and an option for doors.

@TrapperBV 4 года назад

Good stuff Gali, I may buy some shares soon, stock is almost all time low. even though these won’t sell well in my neighbourhood, I think this will catch on. Hopefully down the road they can shave 10-15% off msrp once they scale. I have a feeling there’s a massive overseas market for these, Europe, and total moonshot, India. Cheers!

@zoltanbende8844 4 года назад

Great video, can you do similar videos with small market cap stocks in the future?

@stuuuuuuuu 4 года назад

gonna buy some FUV this week

@clairebinder166 4 года назад

As a long term investor it is great seeing progress being made. In the mean time there is a short interest in the stock and the borrowing rate is an investment vase on its own. Where else do you get 10%+ annual for a stock while waiting. This is better than dividends

@305dreamhonda 4 года назад

This most definitely has potential, such a competitive market, especially when the cut throat dumb energy and ICE cut throats start giving up market share. The fun factor is super important, here in the states, but the utility will make it great. Still very daunting. Best of luck Mark and Arcimoto.

@FamilyFirstJ 4 года назад

Very nice

@airtime89410 4 года назад

Very interesting concept and space. It would be helpful to understand about their ramp up schedule and challenges to get to 10,000 a year. Also, did I hear the CEO correct. "Working 4 days a week?" If you want to take a piece of the market you are going to need to work harder and more than the competition. I don't see a winning and inspiring leader who promotes a 4 day work week. At that rate they will run out of investor money long before they get to a sustainable production scale.

@MrM0NKEYZER0 4 года назад

dude i fucking love your channel! investing in tech was never so cool and you add so much insight into my insight!

@HyperChangeTV 4 года назад

thank you so much!!! :)

@MrM0NKEYZER0 4 года назад

@@HyperChangeTV gonna do more updates on arci? :)

@RawandCookedVegan 4 года назад

Corbin Motors, now Myers, revisited, I hope it's successful this time.

@gregg2927 4 года назад

If what Mark says about production ramping is true, this company is undervalued if demand is sustainable (main concern for me). Biggest opportunity I see is in food delivery (pizza, uber eats, etc.).... Not super convinced about this company (4000 preorders over 3 years seems low to me), but might be worth throwing a little money at. Awesome video!

@ArendJanV 4 года назад

Mark is a great guy 👍

@jamesma7881 4 года назад

Cool vehicle that creates an important new segment but with three wheels it looks like it could be prone to tipping over, anyone else agree?

@beachcrow 4 года назад

There's a lot of low weight from the battery pack which should keep it grounded.

@garry8390 4 года назад

How is this different from a Renault Twizzy?

@lubricatedgoat 4 года назад

Would also be a cool vehicle for autonomous delivery. Combine it with Spot (Boston Dynamics), and you'd have a dynamic pizza-delivering duo!

@Swiv2020 4 года назад

I could sell these very easily for £9,800 in the UK. As they cost next to nothing to run, they would be ideal for students and city dwellers!

@OnionKnight541 4 года назад

I've seen "side-by-sides," which are vehicles like the Kawasaki Mule, get so big in northern Michigan. 10 years ago, people rode dirt bikes. 5 years ago, people rode quads. Now, everyone in norther Michigan drives a side-by-side. I wonder if the FUV will see that same trend.

@alexgribanovskiy5666 4 года назад

yep, side by sides are really FUV )))

@jaska6875 4 года назад

I really hope that they make it. On the other hand there was so big boom of this kind of vehicles at 50's and 60's here in Europe. They were not EVs but small 3 or 4 wheel vehicles tho. There was real need for them after the WW2 because lack of resources. Then people got more money. The question is, do I buy this kind of vehicle with 10k or do I buy used or even new car with the same money? Car protects you from weather and accidents better. Also you don't hear your neighbors laugh at you. There surely is market for these, but in everyday use by common people....I don't see that would happen anytime soon.

@alexgribanovskiy5666 4 года назад

"don't hear your neighbors laugh at you" )))) nice line. this "motobike" is surely for good & safe neighborhoods )))

@EMichaelBall 4 года назад

A used 80-mile EV like a Leaf or Spark EV is a better value, costs less, and you have a better experience.

@utahnate 4 года назад

Please keep doing these update videos on them

@0ne_of_Billion 4 года назад

in israel we have a lot of 3 wheel emergency motocycles - work well/ 8.15 funny he remind israel on same contecst. great video-thanks a lot

@joewilder 4 года назад

I've always lamented California's NEV laws are so poorly thought out. Neighborhood EVs are limited to 25 mph and require less safety equipment. Fine so far, but 25 is just too slow. I know many people that could use such a vehicle if it would just go 40. But at 40, you need safety equipment for a vehicle that can go 120. Because of this, NEVs went nowhere. The law could be rethought to provide a little more speed and safety equipment and make them actually useful.

@mattjjacob 4 года назад

I think the company has a great product (that's actually about to be production ready), but it seems to needs a sharper business plan. The potential market of "everyone" (lol) seems to breakdown to 80% delivery, ride share, first responder, and commuter, which is a huge and great vision for a large company, and then 20% vacation rental and golf carts, which seems to be the part of the market they are actually going after and competes against small companies like Polaris. It leaves my head scratching and wondering if they'll get to there larger vision any time soon (another 10 years?). You'd think pursuing a partnership with a food delivery or ride share service would be a quicker way to accelerate towards the larger vision rather than wasting time on the 20% small change. To me, worth a small bet, but they'll probably burn cash and drag things out, so investing today will likely get watered down with diluted shares as they need to go back to the well for more cash. Long term I hope they get there because I like their vision. Not sure the team that got them this far understands what it takes to go to the next level though.

@samiktiri 4 года назад

12,000 $ starting price ? Good luck with that

@bendixon2898 4 года назад

I wish them well.

@anti-woke 4 года назад

I can’t see this take off in the US beyond a small niche touristy market, which doesn’t mean it’s a bad investment. The scary part (other than ridding this thing on busy roads) is the CEO doesn’t realize the market he’s in...it doesn’t has the motorcycle cool factor 🏍 nor the safety of a car 🚗. It’s a Tuk Tuk scooter at 10x the price 😂

@Faisals_Adventures 4 года назад

Electric Scooters present even a better value proposition for personal mobility to commutes below 10 miles. Have you seen the new heavy duty models with full suspension? @hyperchange @gfiche

@azpsawbridge 4 года назад

Love this company been loading my boat 🚣‍♀️ while media its not paying attention

@TagmakersCoUk 4 года назад

Great vehicle, and a unique way of looking at designing a vehicle - but this will be their biggest challenge. While 85% of trips may be short, and with 1 or 2 people, it the 15% of trips which are longer and involve more people that draws us to 5-seater cars. If you have one of these, it is ALWAYS max 2 people. However... there are PLENTY of people out there who would see this trike as a perfect solution to their needs - and will get one. People like me, who absolutely need a vehicle every day, but for a short trip - where I am the only occupant.

@MrGonzonator 4 года назад

Well, good luck with everything but I don't think you'll be selling many of these here in Scotland. ☔ 🍃 🌨

@SaadAhmed3000 4 года назад

I love the mission. And think this is the optimal way to travel. But I think we're going to need a cultural change for this to take off... At $12k I can buy a used car that protects me from cold and is safer. Not to mention most people wouldn't want to be seen owning this (I.e. vespas). This makes alot more sense for delivery drivers, first responders, and tourist rentals.

@johnomalley3795 4 года назад

What are the price ranges of these vehicles?

@HyperChangeTV 4 года назад

www.arcimoto.com

@abz998 4 года назад

$150,000 for a standard unit and around 220k for the model with wheels.

@johnomalley3795 4 года назад

@@abz998 More than twice the price of a Tesla Model 3? Plus if you want to drive it another $50,000. I don't think they will sell very many.

@elektrotehnik94 4 года назад

19,900$ for a standard model, with doors only. There is no pricing for a fully enclosed one yet. They plan to make the standard model 11,900$ with scale. Rebates are not included in the price. Pricing is not easy to find on the site, not sure this is a good business decision long term if online ordering is the way they plan to go... Disregard a998, he seems to troll hard

@DrTed3 4 года назад

@@johnomalley3795 Remember, this is video about an FUV not FUD!

@gracehoskins6881 4 года назад

Need more height clearance and an offroad metal road capability and I will be in

@ronvds4713 4 года назад

I would love a long range trailer battery

@PilotEJ401 4 года назад

Odd that you Gali made the investment case, hard to get Mark to be specific on any number of fronts. Doesn't seem to have much of a business vision. They will survive, but it's gonna be a rocky road IMO.

@adoma9713 4 года назад

Wow - could that be a new Uber category?

@PalimpsestProd 4 года назад

Arcimoto's FAQ says 4hrs at 250v to charge. That's 0% to 100%? What about 5% to 60%? If it's 30mins, awesome, post that. Mostly I'd want it for groceries, you say "modular storage options" but don't show them, please do that. There could be shelf / baskets for the backseat that clamp to the frame, 1st layer starts at the battery top and splits at the seat, 2nd layer 18" above the seat top, then 2(?) shorter levels above that.

@RonaldMcConico 4 года назад

Can you get a back seat for 2

@bendixon2898 4 года назад

3 wheelers don’t have to pass car safety standards so much cheaper to develop. Drivers beware. To wide to get through traffic unlike a bike.

@Stidfolle 4 года назад

Yeah, i'm not driving one of those up here in Canada lol. It has its usefulness and place though.

@TrapperBV 4 года назад

I’m from Winnipeg, and I agree with you to a limit, but these cost less than a new snowmobile. If you could take a small gas car off the road though the summer and replace it with this it could have a market, especially along the coast

@georgedoolittle9015 4 года назад

"it's an FUV" no doubt..

@monsuur 4 года назад

Nice product, you still want a car - and if you have one, you don’t need the FUV anymore.

@TecnamTwin 4 года назад

Aptera has a better product though they're not selling yet. It's slightly safer than a motorcycle so why not just get a motorcycle like a Zero? 400+ mpge, much faster, more maneuverable, more fun, takes up less space, etc.

@joekkl 4 года назад

Arcimoto. Problem #1: "Fun" is not a necessity. "Safety" is. How can I convince my wife to let me buy one of these when for a little more, I can buy a real EV in the future. That'll be your problem to solve. Unless you can solve this problem, it'd be very difficult to go mainstream.

@crisg.5766 4 года назад

"The reason we're doing this is because the world is in a very perilous situation when it comes to carbon emissions and the future of climate change. there is zero debate about that in the serious scientific community" ohhhh boy here we go.. smh. man, they should just present it and fun toy for touristy areas. that's all it is. 16:04

@tingelen 4 года назад

You said in one interview that you own 60 shares of Tesla. If it isn't a secret, can you tell us how many shares of FUV you own?

@tipkoonline 4 года назад

He owns 150 Tesla shares, maybe even more

@pablodedios1346 4 года назад

Hi Gali! great video, thanks for sharing. I would consider to invest some money but what are the margins of these vehicles? this seem like a non-profitable company until it rump-up the production. Also they should be able to lower prices if they want to scale and unleash bigger demands... thanks again

@Joelbrown97 4 года назад

Wow $50M, seems cheap for 10k/y in 2-ish years.

@sagarmeena0210 4 года назад

this vehicle will be a hit in developing countries...people will upgrade from scooter

@tonymonastiere8510 4 года назад

These vehicles will not work in the cold climates. Winters can be brutal in NA and when they are, these trikes are just a sitting brick. They'll be fine for the warm climates. Have to pass on this one.

@Applejba 4 года назад

Don’t see the value... American doesn’t want to be in something like this regardless of efficiency! Safety to me seems like the biggest challenge particularly given all the other large cars on the road.

@luketesoriero2338 4 года назад

These guys need more clarity in their vision

@luketesoriero2338 4 года назад

I like the emergency vehicle idea but I would think the design needs to be tweaked a bit for that. These Israel vehicles are a bit smaller to be able to squeak through traffic easier. I think delivery is just about perfect for these vehicles and a great thing for them

@RunTheNumbers 4 года назад

Yeah I’m not going to lie I don’t see myself driving one of these even if I’m only driving by myself to work, I just don’t see the mass market use case the CEO is referring to, that being said I could see these popping up in the small scale in like Huntington Beach or something along these lines

@nicosmind3 4 года назад

$12,000 to me seems like an insane price unless that cost is down? Still listening to the video and will edit or delete this comment if its wrong.

@ViperST989 4 года назад

Used leaf's, egolfs, i3s,500es are all cheaper. This is not another TSLA. $20,000 3wheel motorcycles, no thanks.

@Lundmark54 4 года назад

One of these again... Unstable, unsecure, cold ultra neiche atv.

@JRP3 4 года назад

How original, a three wheeled vehicle. It will be just as successful as all the other three wheeled vehicles.

@B33Ys 4 года назад

neen, laat maar zitten joh

@DanFrederiksen 4 года назад

Computer says no. That it uses almost as much energy as Model 3 is not to its credit.

@Soothsayer210 4 года назад

too long a video for conveying a simple message.

@matouspalecek8208 4 года назад

No one will buy it because they are weird and ugly. That's how we are set up and why EVs failed before Tesla. Tesla was the one to make EVs look normal and cool. + it's a little like Chrome OS. It does what you need 99% of the time, but you are not going to be buying another laptop for that remaining 1%

@tomrobertson3236 4 года назад

Too many ads . Very irritating

@jefflombardi7763 4 года назад

What makes Tesla so great is the safety factor. That vehicle doesn’t look very safe.

@petersz98 4 года назад

What about safety? I wouldn't want to be in a car crash in this vehicle!

@phamnuwen9442 4 года назад

So at least $20k for a two seat three wheeler with limited cargo space and only 25% more efficient than a Model 3? Total niche product. Not sure which niche though, since the width of the front wheels makes it much less useful as far as finding gaps in traffic compared to a motorcycle. It's clearly not suitable for family use other than as second or maybe even third vehicle. Maintaining a whole fleet of vehicles for family use doesn't strike me as efficient use of resources. I suspect the reason for the suboptimal 3 wheel design is just to avoid regulations that apply to vehicles with four wheels. Something similar with four wheels could probably take 4 people while being in almost the same price range by avoiding airbags, crash tests and so on. That could be interesting as a cheap starting product for a new car manufacturer. Since the CEO seems all in on climate hysteria he probably loves government regulations though, so it should be all good.