Vela Motor Company

Vela Motor Company

Early Stage

Changing the world by improving the fuel efficiency of traditional motors.

Changing the world by improving the fuel efficiency of traditional motors.

Overview

Raised to Date: Raised: $38,914

Total Commitments ($USD)

Platform

Wefunder

Start Date

02/09/2018

Close Date

10/10/2018

Min. Goal
$100,000
Max. Goal
$1,070,000
Min. Investment

$1,000

Security Type

SAFE

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$12,000,000

Discount

0%

Rolling Commitments ($USD)

Status
Not Funded
Reporting Date

10/30/2018

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.
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Vela Motor Company on Wefunder
Platform: Wefunder
Security Type: SAFE
Valuation: $12,000,000

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