-
Security Type
-
SAFE
-
Categories
-
Other
-
Min Investment
-
$1,000
-
Offering Date
-
October 23, 2020
-
Expected Close Date
-
February 18, 2021
-
Target Raise
-
$50.00K-$1.07M
Company Description
We design and create innovative electric vehicles for the outdoor powersports industry.In five years, we hope to be the electric vehicle technology and market-share leader in the outdoor powersports industry. Given the Company’s limited operating history, the Company cannot reliably estimate how much revenue it will receive in the future, if any.
Perks
Invest $1,000+ for Get a coupon for a free $100 Grunt reservation for us at www.volcon.com. This $100 reservation fee will be credited to your purchase.
$10,000+ Get a coupon for a free $100 Grunt reservation for us at www.volcon.com. This $100 reservation fee will be credited to your purchase and a 5% discount on the final purchase price of your Grunt.
Invest $1,000+ for Get a coupon for a free $100 Grunt reservation for us at www.volcon.com. This $100 reservation fee will be credited to your purchase.
$10,000+ Get a coupon for a free $100 Grunt reservation for us at www.volcon.com. This $100 reservation fee will be credited to your purchase and a 5% discount on the final purchase price of your Grunt.
Key Deal Facts
Outdoor powersports is booming with record growth, and a transition to EVs is inevitable.
We are currently the only 100% fully electric vehicle company for the outdoor powersports industry.
Patented magnetic torque-tunnel motors produce 2X the torque in 1/2 the size of other motor brands.
Aiming to be the Tesla of the $10B outdoor powersports industry.
Team background in tech, Nasdaq-listed electric vehicles, powersports, engineering and more.
Use of Proceeds
$50,000
- 30% - Product development
- 30% - Sales + Marketing
- 35% - Operations
- 5% - Wefunder intermediary fee
$1,070,000
- 30% - Product development
- 30% - Sales + Marketing
- 35% - Operations (largely hiring additional production staff)
- 5% - Wefunder intermediary fee
Management Team / Advisory Board Bios
Andy Leisner
CEO
Lifelong powersports industry executive and enthusiast. Motorcycle Industry Council Board Member. Former, world-championship motorcycle racing competitor.
Bruce Riggs
COO
Past SVP and COO of Compal Electronics' Smart Device Group as well as SVP and GM of Quanta. He has experience with tier-one domestic and international electronics manufacturing and operations. He is a past chairman of the IEEE1625 Battery Standard.
Hector Moya
Lead Engineering Product Manager
Mechanical designer and experienced developer of consumer products including two and four-wheel electric vehicles.
Adrian James
Co-Founder & Board Member
Founder & CEO of Sprout Equity Ventures, an Austin based global investment firm specializing in acquiring and partnering with mature and growing businesses.
Christian Okonsky
Co-Founder & Chairman
Brought leading-edge products to market for 27+ years. Holds 2 dozen+ U.S. and foreign patents. Worked on engineering Dell’s first notebook computer.
Colin Guinn
Board Member
Colin was the Founder/CEO of DJI North America. DJI is the dominant market leader in the civilian drone industry accounting for around 70% of the world's consumer drone market with revenue of more than $2.5B and over 14,000 employees.
