Shockwave Motors

Shockwave Motors

Fun, affordable, and safe electric roadster

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Security Type
Common Stock
Categories
Automotive
Min Investment
$107
Location
Russellville, TN
Offering Date
January 10, 2020
Expected Close Date
October 28, 2020
Target Raise
$10.00K-$107.00K
Deal Notes

Price per Share: $53.50

Valuation
$3,745,000

Company Description

At Shockwave Motors we aim to produce vehicles that address range anxiety and cost while still providing a fun, safe, and environmentally friendly ride.

Shockwave’s first vehicle, the Defiant EV3 Electric Roadster™, is a hardtop/convertible with seating for three people. The battery is strategically located to allow easy access and provides the vehicle with an ultralow center of gravity for superior stability. It has a range of 100 miles on a single charge and can recharge from a 120-volt outlet in approximately 8 hours, providing a daily range of 200 miles – all this for less than the average price of a used vehicle!

Key Deal Facts

$2.9M in pre-orders
Development of Minimum Viable Product
2019 National Cleantech Open Competition: Top Ten Finalist
2018 Cleantech Open Accelerator: Southeast Region Winner
2017 TiECon Detroit: Excellence in Entrepreneurship Award
2016 IDTechEx: Most Significant Innovation in EVs

Use of Proceeds

  • Working Capital
  • Intermediary fees

Management Team / Advisory Board Bios

John McMillian
Founder and CEO
John, Shockwave’s Founder and CEO, has more than 50 years of experience with electric vehicles. In college, he researched and built a variety of electric cars, including one from the ground up. After majoring in Transportation and earning an MBA from the University of Tennessee, he spent eight years on active duty with the Air Force. John’s last assignment was as a Missile Combat Crew Commander for the Titan II, ICBM System at Little Rock, AFB. While in the Air Force, John continued to design and convert cars to electric power. He lived off the grid for almost 20 years and presently resides on Cherokee Lake, in east Tennessee, in a passive solar, earth sheltered home, of his own design. John created the Defiant EV3™ Roadster from the ground up to provide enhanced performance and lower electric vehicle costs.

Normand Rheault
Cofounder and VP Management Systems
Normand successively held HR management positions at Rolls-Royce Limited, Bell Helicopter Textron, Hyundai Motors Manufacturing and was recently part of the executive team in a multinational Engineering firm called WSP. He started his own firm specializing in plant start-ups, and has helped many World-class companies getting established in Canada and the US. Normand’s areas of expertise include Plant start-ups, pedagogical engineering, and technology transfers.

Carrie Fair
Cofounder and VP Marketing
Carrie has many years of experience in professional sales and media relations. She is responsible for securing media coverage with both local and national media visibility and serving as Shockwave’s spokesperson. Additionally, she oversees our social media efforts.

John Felder
Advisor
John, President and CEO at Premier Automotive Export, Ltd. & Cayman Automotive Leasing and Sales, Ltd. His was the first company to deliver 100% American manufactured 100% electric vehicles to Havana, Cuba in November 2015.

Richard Otness
Mentor
Richard served on the Board of Directors for the Atlanta Technology Angels (ATA). During the past 20 years Richard has been an Angel investor and invested in numerous startups, many of which have been acquired by other companies. Richard has an MBA from Harvard Business School.

Thom Reed
Spokesperson
Thom, best known for his work in Bad Boys II, CSI Miami, Ancient Aliens, the original owner of the International Model and Artist Group "Miami Models" (South Beach) and Paraween Entertainment, joined with Shockwave Motors, Inc, as an official Spokesperson.

Deal Notes

Price per Share: $53.50

Amount Raised : $34,615
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Security Description

Common stock is a security that represents ownership in a corporation.

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