Vela Motor Company
Early Stage
Changing the world by improving the fuel efficiency of traditional motors.
Overview
Raised: $38,914
Total Commitments ($USD)
Platform
Wefunder
Start Date
02/10/2018
Close Date
10/11/2018
Min. Goal
$100,000
Max. Goal
$1,070,000
Min. Investment
$1,000
Security Type
SAFE
SEC Filing Type
RegCF
Valuation Cap
$12,000,000
Discount
0%
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
10/31/2018
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$160
# of Investors
21
Momentum
Not Funded
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Year Founded
2016
Industry
Transportation, Automotive, Aviation, & Aerospace
Tech Sector
Location
Bountiful, Utah
Who Should Be Interested:
Are you ready for a redesigned internal combustion engine? Do you want a motor that is more fuel efficient? If you said yes, then investing in Vela Motor Company could be the move for you. They’re driving the industry forward one motor at a time, and they’ve patented a motor redesign that is 15% more fuel efficient than any other motor in the world.
The Company:
Vela Motor Company is here to rethink the traditional internal combustion engine (ICE). They’ve redesigned the position of the crankshaft, and as a result, they’ve created a patented gas engine motor that is 15% more fuel efficient than any other motor in the world. Their ultimate goal is to reduce 10% of the amount of carbon emission released into the atmosphere by a traditional ICE. This reduction would lead to a savings of more than 1 billion tons of CO2! So far, they have patents issued in the US and other countries, and they’ve bootstrapped a working prototype. Vela previously received a $50,000 grant for testing from the Department of Energy, and they have a conditional licensing agreement in place with Fiat for $200M once their testing cycle is complete. This round of funding is to complete third-party testing to ensure trust and functionality, and, once that is complete, they will begin licensing and manufacturing deals.
The Bottom Line:
ICE manufacturers’ main concern, other than safety, is to lower carbon emissions. Vela can help make that happen. By licensing their motor design to ICE manufacturers, they can work together to make the world a better, cleaner place -- one redesigned ICE motor at a time.
Are you ready for a redesigned internal combustion engine? Do you want a motor that is more fuel efficient? If you said yes, then investing in Vela Motor Company could be the move for you. They’re driving the industry forward one motor at a time, and they’ve patented a motor redesign that is 15% more fuel efficient than any other motor in the world.
The Company:
Vela Motor Company is here to rethink the traditional internal combustion engine (ICE). They’ve redesigned the position of the crankshaft, and as a result, they’ve created a patented gas engine motor that is 15% more fuel efficient than any other motor in the world. Their ultimate goal is to reduce 10% of the amount of carbon emission released into the atmosphere by a traditional ICE. This reduction would lead to a savings of more than 1 billion tons of CO2! So far, they have patents issued in the US and other countries, and they’ve bootstrapped a working prototype. Vela previously received a $50,000 grant for testing from the Department of Energy, and they have a conditional licensing agreement in place with Fiat for $200M once their testing cycle is complete. This round of funding is to complete third-party testing to ensure trust and functionality, and, once that is complete, they will begin licensing and manufacturing deals.
The Bottom Line:
ICE manufacturers’ main concern, other than safety, is to lower carbon emissions. Vela can help make that happen. By licensing their motor design to ICE manufacturers, they can work together to make the world a better, cleaner place -- one redesigned ICE motor at a time.
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