Olympian Motors

Olympian Motors

Early Stage

New, disruptive electric vehicle company in NY

New, disruptive electric vehicle company in NY

Overview

Raised to Date: Raised: $165,269

Total Commitments ($USD)

Platform

Wefunder

Start Date

09/18/2023

Close Date

04/29/2024

Min. Goal
$50,000
Max. Goal
$1,235,000
Min. Investment

$250

Security Type

SAFE

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$28,000,000

Valuation Cap

$30,000,000

Discount

0%

Rolling Commitments ($USD)

Status

Active

Reporting Date

09/29/2023

Days Remaining

212

% of Min. Goal

335%

% of Max. Goal

14%

Likelihood of Max
extremely
Avg. Daily Raise

$13,960

Momentum
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Year Founded

2021

Industry

Transportation, Automotive, Aviation, & Aerospace

Tech Sector

Hardwaretech

Location

New York, New York

Olympian Motors, with a valuation of $30 million, is raising funds on Wefunder. It is a new electric vehicle company based in New York. Olympian Motors is manufacturing electric vehicles for the light-passenger vehicle market in the US and is an emerging competitor to Rivian, Tesla, and Ford. The company has a production capacity of 320 EVs and has received 267 pre-orders for Model 01, creating a future revenue pipeline of $17 million. Eren Alan Canarslan founded Olympian Motors in October 2021. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1.24 million. The campaign proceeds will be used for manufacturing and assembly, product development, growth and marketing, software development, and general and administrative expenses.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-630,962

$0

Summary Balance Sheet

FY 2022 FY 2021

Cash

$447,231

$0

Accounts Receivable

$0

$0

Total Assets

$1,371,745

$0

Short-Term Debt

$32,710

$0

Long-Term Debt

$1,969,838

$0

Total Liabilities

$2,002,548

$0

Financials as of: 09/18/2023
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Olympian Motors on Wefunder 2023
Platform: Wefunder
Security Type: SAFE
Valuation: $30,000,000

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