Power In The Hands Of A Few

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Security Type
Common Stock
Min Investment
Mount Pleasant, SC
Offering Date
July 11, 2023
Expected Close Date
April 30, 2023
Target Raise
No. Investors
Security Price
Number of Employees
Short Term Debt
Cost of Goods
Long Term Debt
Net Income

Company Description

Saleen is a well-known company with a 40-year history in the automotive industry. The company started in competitive racing and quickly moved to manufacturing high-performance automobiles, including those under the Ford Motor Company umbrella. Saleen is continuing the Saleen Original Series, with the launch of the Saleen S1, a two-seater sports car entirely designed and developed by Saleen Automotive.

Management Team / Advisory Board Bios

, Steve SaleenDirectorMr. Saleen, our founder, Chief Executive Officer, President and one of our directors, has been president and CEO of SMS since its formation in July 2008. He has been board chairman and CEO of Saleen Automotive since its formation in July 2011. Mr. Saleen is considered one of the most successful and well-known automotive icons in the country, making him a well-qualified candidate to serve as our CEO and director. Mr. Saleen’s entrepreneurial business plan laid the groundwork for an entirely new industry of design, engineering, manufacturing, and sales of high-performance vehicles that were race proven and marketed for sales through new car dealership showrooms nationwide. This included very successful racing programs featuring himself as a lead driver in vehicles of his design that went on to win championships. Mr. Saleen is generally recognized for his expertise in small volume vehicle manufacturing, vehicle transformation processes, and mass customization – creating customized products in an efficient mass – production manner. In August 2018, Mr. Saleen was presented with the Legends of Auto Award at a ceremony held in Monterey, CA. Previous recipients of the Legends of Auto Award include such automotive luminaries as Lee Iacocca, Jay Leno, Roger Penske, and the late Carroll Shelby. Mr. Saleen has a bachelor’s degree in business from the University of Southern California. Charles ArzubiagaVice President, ControllerCharles Arzubiaga has over 30 years of accounting and finance experience with both private and public companies. In the past he has worked in manufacturing and distribution, primarily as a department head or leader of an interdepartmental team. He is a graduate of the University of California Santa Barbara, with a degree in Business Economics and an emphasis in Accounting and can sometimes be fanatical about his beloved Running Gauchos men’s basketball team. When not at work, Charles enjoys traveling, live theater and dining with his wife Michelle and son Michael. Greg StacyVice President of MarketingGregory Stacy is Vice President of Marketing at Saleen Automotive. Greg is a consummate auto enthusiast with over 25 years of writing, producing and directing automotive content. He began his career as a producer/cameraman and went on to produce and direct over 150 episodes of the award winning, weekly TV series Hot Rod Magazine on Speed Channel. He was the creative director and instrumental in launching the broadband, streaming network which became Motortrend OnDemand, and was later sold to Discovery Communications. Throughout his career in advertising he has worked with many automobile OEMs such as Acura, Honda, Fiat, Lexus, Toyota, Jeep, Dodge and Ram to name a few. Prior to joining Saleen, he was an executive producer at the world renowned Trailer Park agency in Hollywood, CA. While at Trailer Park, Greg was one of the leads and creative forces behind a series of Alfa Romeo commercials, and was the EP on the Alfa Romeo Super Bowl campaign that launched them back into the US market. Greg holds a BSME degree along with a MFA degree. He is a recipient of numerous CLIOs, Tellys, and ProMax/BDA advertising and content awards. Werner GruberVice President of DesignWerner Gruber is Vice President of Design at Saleen Automotive. He started his Career at Pininfarina, one of the most famous design houses in the automotive field. In 2010 he joined Ferrari and was the senior lead exterior designer of the LaFerrari, FXX-K and the Ferrari Portofino.  In 2019 he joined Saleen and was involved in the Development of the Saleen S1, and the Saleen Formula; a track-only, formula spec racecar. Having insight into the latest technology for the burgeoning EV marketplace, he worked as a consultant for BYD – Shenzhen, supervising numerous vehicles until 2021. He has been a recipient of numerous design awards; including RedDot for the LaFerrari in 2015, RedDot Best of the Best in 2015 for the Ferrari FXX-K. His Projects also won the IF Gold Award for 2016, and RedDot Best of the Best for the Ferrari Portofino in 2018. Paul MooreVice President of OperationsPaul Moore is currently the Vice President of Operations at Saleen Automotive. He started his career in manufacturing at Boeing in the aircraft industry and earned many awards relating to quality standards and training of personnel. Paul was then chosen by the legendary Vic Edelbrock as the General Manager of the Exhaust & Suspension Divisions. He managed all aspects of Manufacturing and Engineering, introduced robotics and automation to the production process and oversaw the development of the Adjustable Trailing Arm which won Best Design at Sema. Paul also discovered and introduced Cerakote ceramic high temperature coatings to the aftermarket exhaust industry. Cerakote is currently utilized in most exhaust applications and is considered the industry leader. Paul then worked for Magnaflow Exhaust where he was the Project Manager in charge of designing and introducing headers as well as improving the design and automation of the successful Exhaust Manifold line. Paul is now overseeing Operations and Procurement for Saleen Automotive. He is focused on raising the efficiency, cost savings, quality and productivity of the builds. He works closely with engineering on new projects to achieve superior design and industry leading performance. Frederic BlumVice President of Retail and SalesFred Blum currently serves as the Vice-President of Retail and Sales for Saleen Automotive. Prior to this role, Fred served as President of US Automotive International, a consulting firm focused on advising clients in the automotive industry on sales, marketing and distribution. Fred has also served as Executive Director of the Aljomaih Automotive Company, a distributor of General Motors in Saudi Arabia. Fred has a Bachelor's Degree in Business from the University of Minnesota, Carlson School of Business. Dennis HartmannDirectorDennis is the founding member of The Hartmann Law Group, a practice he commenced in 1990. His extensive litigation experience includes complex business litigation involving breach of fiduciary duty, employment, intellectual property and other business related matters. Dennis’ litigation experience also includes real estate matters, fraud, entertainment, partnership dissolution, pursuing fraudulent conveyances and breaking offshore trusts to dismantle vehicles with no purpose other than to hid assets. In addition to serving as lead counsel in multi-year trials involving financial fraud and breach of fiduciary duty, he has developed legal strategies, overseen all facts of pre-trial discovery, and argued motions before the trial court and the Court of Appeal. In 2015, Dennis and his firm successfully litigated a breach of fiduciary case in connection with a fraudulent sale of real estate that was awarded the largest judgment in California ($68,000,000) as reported in the Daily Journal. Dennis graduated Summa Cum Laude from University of Alabama and from the University of Texas School of Law (Austin) as a member of the Texas Law Review. Dennis works approximately 1 hour on an average weekly basis for Saleen. Neil HannemannDirectorMr. Hannemann is currently a member of the board of directors for Saleen. Mr. Hannemann began his automotive career by attending General Motors Institute. Upon graduation he worked at Minicars, Inc., involved in government contracts regarding vehicle safety. He then took a job with Chrysler working at the Chrysler/Shelby Performance Center, which was run by automotive legend Carroll Shelby, where Neil was involved in research for vehicle performance and the development of specialty Shelby products. Neil was also a development engineer for the Dodge Viper, a program manager for the Viper GTS/R racing program, and a program manager for the Dodge NASCAR effort. After almost 20 years with Chrysler, Neil then went to Saleen to work for another automotive legend, Steve Saleen, to develop the road going version of the Saleen S7. This led to Neil becoming the Chief Engineer for the Ford GT, and Saleen was involved in the manufacturing of that vehicle. Finally, Neil went to another legendary company, McLaren to again develop road going supercars for the McLaren brand. Since 2007, Neil has been a consultant working in a wide range of areas with a focus on supporting litigation related to vehicle safety. Neil works approximately 1 hour on an average weekly basis for Saleen. Michael DeschenesDirectorMr. Deschenes is currently retired after having been active as an executive in the automobile industry for over 37 years. Most recently, Mr. Deschenes served as the Managing Director of Rampage Products, a Jeep accessory company, from January 2006 until March 2016. He holds a B.S. in Business Administration from California State University, Fullerton. Mr. Deschenes’ experience as an automobile industry executive qualifies him to serve as a director. Michael works approximately 1 hour on an average weekly basis for Saleen.

Amount Raised : $1,118,864
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