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 this Round: 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    Open SEC Filing

Valuation Cap

$12,000,000

Discount

0%

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.
Create a free account today to gain access to Kingscrowd analytics.

Raise History

Offering Name Close Date Platform Valuation Total Raised Security Type Status Reg Type
Vela Motor Company 10/11/2018 Wefunder $12,000,000 $38,914 SAFE Not Funded RegCF

No prior online funding rounds.

Create a free account today to gain access to Kingscrowd analytics.

Upgrade to gain access

Pay Monthly
Annually (2 months free)

Edge

$12.50 /month
billed annually
Free portfolio tracking, data-driven ratings, AI analysis and reports
Plan Includes:
Everything in Free, plus
Company specific Kingscrowd ratings and analyst reports
Deal explorer and side-by-side comparison
Startup exit and failure tracking
Startup market filters and historical industry data
Advanced company search ( with ratings)
Get Edge Annual
Already a member? Log in here.
Founders: enhance your startup's credibility on Kingscrowd. Create an account to claim this raise page.
Add to portfolio
Vela Motor Company on Wefunder
Platform: Wefunder
Security Type: SAFE
Valuation: $12,000,000

Follow company

Follow Vela Motor Company on Wefunder

Buy Vela Motor Company's Deal Report

Warning: according to the close date for this deal, Vela Motor Company may no longer be accepting investments.

Vela Motor Company Deal Report

Get Kingscrowd's comprehensive report on Vela Motor Company including:

  • How our proprietary algorithm rates their current capital raise (1-5 stars)
  • Detailed price, market, team, differentiators, performance, and risk ratings
  • Whether Vela Motor Company is undervalued or overvalued
  • Scores on the founding team and key personnel's background and expertise

Buy the Vela Motor Company deal report for only $10!

Email address:
Looking to buy more than one deal report? Get unlimited reports by upgrading to Edge