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Security Type
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Equity
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Categories
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Other
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Min Investment
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$315
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Offering Date
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January 31, 2020
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Expected Close Date
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April 29, 2020
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Target Raise
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$9.98K-$1.07M
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Deal Notes
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Security Name: Common Stock
Price per Share: $28.68
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Valuation
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$80,384,390
Company Description
SONDORS Electric Car Company produces and manufactures state of the art electric vehicles that are affordable, environmentally friendly, and built for the sharing economy. We believe this raise will allow us to build a production ready prototype vehicle, bringing us one step closer to mass production and our ultimate goal of the SONDORS Network, which aims to connect SONDORS EV owners with car users who can rent vehicles at an affordable daily rate, offsetting car payments while generating income and reducing the environmental impact of the car sharing marketplace.
Perks
$340+ SONDORS Reservation - Be one of the first owners of a SONDORS electric vehicle. All investors in this round will be entered into the second wave of our vehicle reservation list.
$500+ Roadshow Invite - At this investment level, you will be invited to the SONDORS roadshow in a participating city near you, where you will have a chance to test drive the production-ready vehicle.
$1,000+ Priority SONDORS Reservation - Be at the top of the investor list for reservations. At this investment level, you will receive a priority spot at the front of the second wave of our vehicle reservation list.
$5,000+ Production Facility Tour in Italy - At this investment level, you will be invited to tour our production facility in Italy in order to view the real-time progress made on our production-ready vehicle. Date and time to be determined. Travel and hotel not included.
$30,000+ First Production Vehicles - At this investment level, you will move to the front of the entire vehicle reservation list, receiving a special custom edition of the Model SONDORS. Customizations to be determined based on availability and personal investor preference.
*Reservation list order will be determined by date committed. All perks occur after the offering is completed.
Key Deal Facts
SONDORS Electric Car Company has raised over $1.4M from more than 1,600 investors on the StartEngine platform.
We currently have accepted 1,500 deposits for the initial vehicles
SONDORS targets both electric vehicle sales and the car sharing marketplace for a huge combined potential market of $578B by 2025.
Use of Proceeds
StartEngine Platform Fees, Marketing, Working Capital, Research & Development
Management Team / Advisory Board Bios
Storm Sondors
CEO
Storm Sondors is a highly-skilled specialist in design and manufacturing, and the creator of the award-winning SONDORS Electric Bike. Currently the largest electric bike manufacturer and distributor in the United States, SONDORS Electric Bikes have been sold in 42 countries worldwide. What distinguishes Storm from others in his area of expertise is how he treats design and engineering as his own form of entertainment. He has a special interest in personal branding, and he believes the road to success is an arduous one. Determined to inspire the world to convert to zero-emission vehicles, Storm has successfully raised more awareness of electric technology in affordable transportation than any other company in the industry. He is passionate about lithium-ion batteries, and due to his brand’s success in the marketplace, admits to probably having too much fun with his access to the world’s best electric technologies and resources. Based in Malibu, California, Storm also enjoys beach life, surfing, and stand-up paddleboarding.
Storm currently holds positions at SONDORS Electric Car Company (CEO) for 30 hours per week and SONDORS Inc (CEO), which is his primary job, for 40 hours per week.
Deal Notes
Security Name: Common Stock
Price per Share: $28.68