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Benzinga

Business

Shivani Kumaresan

Arcimoto Joins Project Vesta To Mitigate Wildfires

Arcimoto FUV Arcimoto Inc California San Miguel

Arcimoto Inc (NASDAQ:FUV) has joined SoCal Tech Bridge’s Project Vesta, a public-private partnership designed to mitigate wildfires.
The partnership will use a combination of technologies powered by AI, 5G, and ultra-efficient vehicles.
Arcimoto will participate in the first Project Vesta live experiment from February 14 to 18 at Camp Roberts in San Miguel, California.
The Vesta Team will be testing an unmanned fire mitigation prototype that is designed to identify risk, reduce response time, and support wildfire mitigation efforts.
Price Action: FUV shares closed lower by 2.92% at $5.98 on Thursday.

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