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Arcimoto announces $6M in additional funding
The Fly

Arcimoto announces $6M in additional funding

Arcimoto "announced they received $6M in additional funding by means of a real estate loan on their Eugene, Oregon factory. This additional financing comes shortly after the $12 million public offering that closed on January 20th. A portion of the net proceeds from the offering were used to repay the convertible note with 3i. The remaining funding will be used for working capital and general corporate purposes."

Published first on TheFly

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