About this raise
Olympian Motors, with a valuation of $70 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 received 547 pre-orders for Model 01 and Model 84 and has a future revenue pipeline of over $42 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 $3.5 million. The campaign proceeds will be used for manufacturing and assembly, vehicle platform development, software and operating systems, supply chain, operations, growth and marketing, and general and administrative expenses.
Investment Overview
Committed : $492,295
Deal Terms
Total Commitments
- Platform
- Wefunder
- Start Date
- 09/12/2024
- Close Date
- 04/30/2025
$50,000
$3,500,000
$500
SAFE
Seed
RegCF
$63,000,000
$70,000,000
0%
Company & Team
Company
- Year Founded
- 2021
- Industry
- Transportation, Automotive, Aviation, & Aerospace
- Tech Sector
- Distribution Model
- B2C
- Margin
- Medium
- Capital Intensity
- High
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $7,047,000
- VC Backed?
- Yes