Olympian Motors
Olympian Motors is an innovative startup focused on manufacturing modular electric vehicles, positioning itself as a competitor to established brands like Tesla and Rivian. The company has engineered a new Modular Vehicle Drivetrain System that significantly reduces production costs and has already secured over 580 orders for its models. With a strong backing from notable investors including Y Combinator and partnerships with tech giants like NVIDIA and Google, Olympian Motors aims to capture a 7% market share in the U.S. passenger vehicle market by 2030.
In its current crowdfunding round, Olympian Motors is raising a total of **$8,910,000**, with **$5,837,218** already secured. The company is offering early bird investors a valuation cap of **$63 million** for the first $700,000 of investments, while the overall valuation cap stands at **$70 million**.
- Crowd Funding Link
- https://wefunder.com/olympianmotors
- Website Link
- https://olympianmotors.com/
- SEC Filing Link
- https://www.sec.gov/Archives/edgar/data/1978355/000167025424001181/xslC_X01/primary_doc.xml
- Additional Links
- https://wefunder.com/olympianmotors/details
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This report evaluates key performance areas with detailed insights.
- ✅Clear Title Presentation
- ❌Concise Explanation
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Olympian Motors' valuation is cautiously optimistic but requires further validation.
- ✅Valuation based on industry, sector, and market size
- ✅Valuation based on traction and progress
- ❌Valuation based on past sales
- ✅Valuation based on realistic revenue projections
- ❌Valuation based on profit margins and future profits
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This report evaluates key performance areas with detailed insights.
- ❌Yearly Revenue and Growth Rate
- ❌Burn Rate and Runway
- ❌Fund Utilization Efficiency
- ❌Clarity of New Funds Allocation
- ❌Runway of the Startup