INVEST IN ALPHA MOTOR TODAY!
Move Humanity™
$759,289.93 Raised
REASONS TO INVEST
PATENTED TECHNOLOGY - Alpha has proprietary advantages in technology, design, and process enabling speed-to-market efficiency of award-winning EV designs.
STRONG MARKET DEMAND - We have received over 52,500 vehicle preorder indications to date in addition to distribution agreements in Europe, the Middle East, and Asia. The EV market is expected to surpass US$1.5 trillion by 2030.*
EXPERIENCE AND ABILITY TO EXECUTE - Alpha’s automotive business proficiency comes from decades of experience at major corporations. Alpha has formed OEM-level strategic partnerships in the U.S. to efficiently develop and manufacture highly competitive EVs.
the pitch
Alpha is led by automotive professionals working to commercialize our award-winning EV designs. Our patented technology enables speed-to-market efficiency and with over 52,500 vehicle preorder indications received to date, we aim to manufacture for the EV mass market, which is expected to surpass US$1.5 trillion by 2030.
OVERVIEW
Alpha EV Revolution
Leveraging award-winning designs alongside patented technology and production methods, Alpha is efficiently creating the next generation of electric vehicles to be equipped with quality performance that is enjoyable and accessible.
*Alpha’s multi-purpose vehicle system enables shared solutions to streamline EV development. Images are computer-generated demo versions.
*Here's a look at our patented modular vehicle system. Images are computer-generated demo versions.
Alpha's unique vehicle system includes:
- Dimensionally adjustable chassis
- Interchangeable power components
- Interchangeable interior components
- Interchangeable subsystem components
- Interchangeable user interface control system
- Interchangeable body modules enabling vehicle variants
*Images are computer-generated demo versions of current vehicle models. Product is currently available for preorders.
The Alpha lineup encompasses multiple categories for the consumer market – including Utility, Sport, and Adventure Series vehicles. Our patented modular vehicle system allows us to rapidly create and develop a variety of EV solutions. Alpha is committed to creating the kinds of electric vehicles we believe the world has always wanted to see but that have not existed – until now.
THE PROBLEM & OUR SOLUTION
Green Economy Driven by EVs
On a global scale, gasoline-powered vehicles contribute massively to the deterioration of our planet’s atmosphere and are not sustainable as we move towards a net zero green economy. Alpha believes that the electrification of cars is the way forward, offering significant savings in fuel, maintenance, and overall ownership costs, compared to gasoline vehicles. Alpha’s vision to Move Humanity places focus on sustainability with an emphasis on the impact on our consumers. We are convinced that the decisions involving sustainability should consider accountability and values that stand the test of time.
In order to move the needle forward on mass adoption trends, it is Alpha’s observation that the current market is lacking in stylish, affordable, and functional EV options, and we are striving to fill the void.
*Images are computer-generated demo versions of current vehicle models. Product is currently available for pre-orders
**The EV Advantage: (source)
- Fuel costs average 60% less for EVs, equating to an annual savings of up to US$1,300.
- Maintenance averages 50% less for EVs, equating to a lifetime savings of up to US$4,600.
- EV Mile Range Efficiency is on average 285% greater, equating to 217 more MPGe.
- Refueling is reduced to an average of 6 times per year at home, which is 34 fewer trips to the gas station.
- An EV with a range of 250 miles covers 92% of a typical customer's annual driving needs with home charging.
- Resale value of EVs maintains a level comparable to ICE (Internal combustion engine vehicles) vehicles over a period of 5 years.
Our technology is backed by a level of experience and expertise that we believe is rare to the emerging EV industry. Our Leadership and Advisory Board carries an impressive track record of scaling business growth for top EV companies including Tesla. They believe in Alpha’s potential to become a highly influential brand and will further support the company to achieve significant milestones.
Through decades of automotive research and technical development, company founder, Edward Lee, a multi-award-winning American automotive designer, has worked with some of the world's most well-known automobile manufacturers including Toyota, Lexus, and Audi. Mr. Lee has been recognized by The Center for Leadership at CSU Fullerton for “Excellence in Executive Leadership in Innovation” and was named “Most Motivational Motor Vehicle Manufacturing Chairperson (USA)” by CEO Monthly.
THE MARKET & OUR TRACTION
Strong Market Demand Backed By National Production Power
Since being introduced to the market, Alpha’s designs have caught the attention of consumers and industry experts. In 2021, the company’s Wolf Electric Truck was exhibited in concept form to the public at the Petersen Automotive Museum in Los Angeles, and has remained on display by popular demand until very recently. This exhibition marked the successful completion of our proof-of-concept stage generating over 9,600 initial preorder indications.
Combining proprietary technology, patented design, and a differentiated go-to-market strategy led by the company’s most popular vehicles, we believe Alpha may be poised for international distribution with an end goal of streamlining mass market delivery starting in 2025. At present, the company is actively building custom-built vehicles in limited quantities, but is experiencing overwhelming demand, having received a total of over 52,500 vehicle preorder indications to date.
*Images are computer-generated demo versions of current vehicle models. Product is currently available for pre-orders
Alpha has formed OEM-level strategic partnerships in the U.S. including UHI, which has a 406,000 sq. ft vehicle manufacturing plant based in Sterling Heights, Michigan. Moreover, Alpha has secured multiple patents, which protects proprietary design, patented technology, and development process to streamline expansion. We believe that this unique advantage may enable Alpha to swiftly fulfill market demand and gain market share.
The company currently has distribution agreements in Europe, the Middle East, and Asia, equating to an initial projected volume of 3,150 vehicles annually. We also anticipate economic and capital advantages from lean manufacturing operations, tax credits, and government-backed incentives to boost EV sales.
WHY INVEST
Move Humanity Together!
From its early inception, Alpha has caught the attention of consumers and industry experts alike, winning awards for our designs and amassing substantial preorder demand. As we move to become a leader in the EV industry, the company plans to focus on successful commercialization and expansion well into the future with our diverse, differentiated, and accessible vehicle solutions.
Simply put, at Alpha, we build cars because we love seeing people enjoy them, and we are passionate about every step of our process. We trust that our investors will be proud to back a new American EV brand, producing some of the market’s most in-demand electric vehicle solutions, and we look forward to celebrating many milestones with our supporters. Let’s Move Humanity together. Join Us!
ABOUT
HEADQUARTERS
9551 Irvine Center Drive
Irvine, CA 92618
WEBSITE
View Site
Alpha Motor Corporation (Alpha) is an award-winning American automobile and mobility technology company focused on manufacturing Utility, Sport, and Adventure electric vehicles. Following a successful market introduction in 2020 and backed by over 52,500 vehicle preorder indications, Alpha is advancing to pre-production vehicle development in 2023.
TEAM
Edward Lee
Founder/CEO
Jada Lee
Co-Founder/Vice Chairman of the Board
Kevin Lee
Chief Of Research and Development
Michelle Quan
CFO
Jay Lijewski
Head of Marketing
Joshua Boyt
Head of Business Development
and activations, and brand/marketing strategy.
Peter Bardenfleth-Hansen
Advisory Board Member
Jochen Rudat
Advisory Board Member
Oded Tal
Advisory Board Member
Marty Slater
Advisory Board Member
Noah Goldstein
Advisory Board Member
TERMS
Alpha Motor
Overview
PRICE PER SHARE
$18.50
DEADLINE
May 19, 2023
VALUATION
$125.06M
AMOUNT RAISED
$759,289.93
Breakdown
MIN INVESTMENT
$499.50
MAX INVESTMENT
$4,999,976.50
MIN NUMBER OF SHARES OFFERED
810
OFFERING TYPE
Equity
ASSET TYPE
COMMON
SHARES OFFERED
Common Stock
MAX NUMBER OF SHARES OFFERED
270,269
Maximum Number of Shares Offered subject to adjustment for bonus shares
Company | : | Alpha Motor Corporation |
Corporate Address | : | 9551 Irvine Center Drive, Irvine, CA 92618 |
Offering Minimum | : | $14,985.00 |
Offering Maximum | : | $4,999,976.50 |
Minimum Investment Amount(per investor) | : | $499.50 |
Terms
Offering Type | : | Equity |
Security Name | : | Common Stock |
Minimum Number of Shares Offered | : | 810 |
Maximum Number of Shares Offered | : | 270,269 |
Price per Share | : | $18.50 |
Pre-Money Valuation | : | $125,060,000.00 |
Voting Rights of Securities Sold in this Offering
Voting Proxy. Each Subscriber shall appoint the Chief Executive Officer of the Company (the “CEO”), or his or her successor, as the Subscriber’s true and lawful proxy and attorney, with the power to act alone and with full power of substitution, to, consistent with this instrument and on behalf of the Subscriber, (i) vote all Securities, (ii) give and receive notices and communications, (iii) execute any instrument or document that the CEO determines is necessary or appropriate in the exercise of its authority under this instrument, and (iv) take all actions necessary or appropriate in the judgment of the CEO for the accomplishment of the foregoing. The proxy and power granted by the Subscriber pursuant to this Section are coupled with an interest. Such proxy and power will be irrevocable. The proxy and power, so long as the Subscriber is an individual, will survive the death, incompetency and disability of the Subscriber and, so long as the Subscriber is an entity, will survive the merger or reorganization of the Subscriber or any other entity holding the Securities. However, the Proxy will terminate upon the closing of a firm-commitment underwritten public offering pursuant to an effective registration statement under the Securities Act of 1933 covering the offer and sale of Common Stock or the effectiveness of a registration statement under the Securities Exchange Act of 1934 covering the Common Stock.
*Maximum number of shares offered subject to adjustment for bonus shares. See Bonus info below.
Investment Incentives & Bonuses*
Time-Based:
VIP Early Birds
Invest within the first 48 hours and receive 15% bonus shares
Super Early Bird Bonus
Invest within the first week and receive 10% bonus shares
Early Bird Bonus
Invest within the first two weeks and receive 5% bonus shares
Amount-Based:
$5000+ | SILVER Level Perk
Invest $5000+ and receive
$500 credit upon purchase of a vehicle *1
Limited edition T-shirt
$10,000+ | GOLD Level Perk
Invest $10,000+ and receive
$1,500 credit upon purchase of a vehicle *1
Limited edition T-shirt
5% bonus shares
$20,000+ | PLATINUM Level Perk
Invest $20,000+ and receive
$3,000 credit upon purchase of a vehicle *1
Limited edition T-shirt
10% bonus shares
$250,000+ | ALPHA Level Perk
Invest $250,000+ and receive
Free Alpha vehicle at the start of production or US$100,000 credit *2
Exclusive Collectible Scale Model of Alpha Vehicle *3
Limited edition T-shirt
24 x 36 Exclusive Canvas Print Art Collectible
15% bonus shares
*1 The credit will apply towards purchase of a vehicle from Alpha Motor Corporation (“Alpha vehicle”). At the time of any required payment of deposit, you will be requested to pay the remainder of the deposit amount, should you choose to make a deposit for purchase of an Alpha vehicle. If the credit is higher than the deposit required, such surplus will be applied towards the purchase of an Alpha vehicle. The credit is nonrefundable.
*2 Investor may select any Alpha vehicle so long as such vehicle is in mass production, up to US $60,000 value. For any Alpha vehicle above US $60,000, investor shall pay the difference. For any investor that has placed an order made and down payment for the Limited Edition Montage, US$100,000 credit out of the amount invested will be applied towards the remaining payment balance.
*3 The model will be a fractional scale to an Alpha vehicle, e.g., 1:64 scale.
* In order to receive perks from an investment, one must submit a single investment in the same offering that meets the minimum perk requirement. Bonus shares from perks will not be granted if an investor submits multiple investments that, when combined, meet the perk requirement. All perks occur when the offering is completed.
The 10% StartEngine Owners' Bonus
Alpha Motor will offer 10% additional bonus shares for all investments that are committed by investors that are eligible for the StartEngine Crowdfunding Inc. OWNer's bonus.
This means eligible StartEngine shareholders will receive a 10% bonus for any shares they purchase in this offering. For example, if you buy 100 shares of Common Stock at $18.50 / share, you will receive 110 shares of Common Stock, meaning you'll own 110 shares for $1,850. Fractional shares will not be distributed and share bonuses will be determined by rounding down to the nearest whole share.
This 10% Bonus is only valid during the investors' eligibility period. Investors eligible for this bonus will also have priority if they are on a waitlist to invest and the company surpasses its maximum funding goal. They will have the first opportunity to invest should room in the offering become available if prior investments are canceled or fail.
Investors will only receive a single bonus, which will be the highest bonus rate they are eligible for.
Investors will receive the highest single bonus they are eligible for among the bonuses based on the amount invested and time of offering elapsed (if any). Eligible investors will also receive the Owner’s Bonus in addition to the aforementioned bonus.
Irregular Use of Proceeds
The Company might incur Irregular Use of Proceeds that may include but are not limited to the following over $10,000: Vendor payments. Salary payments made to one’s self, a friend or relative.
PRESS
ALL UPDATES
03.15.23
Distribution Partnership with Peicher Automotive
Alpha Motor Corporation (Alpha) and Peicher Automotive have entered into a non-exclusive letter of intent (LOI) to underline a mutually beneficial business relationship between the two companies, pursuant to which Peicher Automotive intends to distribute Alpha Motor Corporation's electric vehicles and products in Germany, Austria, and Switzerland (collectively, the DACH region).
"This business relationship is a great way forward for both companies. Alpha Motor Corporation`s vehicles are a real enrichment for the whole automotive industry by combining classic styling lines with future technology and modern design elements. We are very happy and proud to partner up with Alpha Motors and therefore be able to bring those great vehicles and products onto European roads in the DACH region."
Anton Peicher, Owner & CEO of Peicher Automotive
About Peicher Automotive
Peicher Automotive is an Austrian company strategically located in the Austrian automotive region. As a partner of renowned automotive OEMs, it offers a wide range of services including (i) import of U.S. pick-up trucks and muscle cars from the United States, Canada, Mexico, and Europe, (ii) testing and homologation for import into Austria and European Union, (iii) customization of a wide range of vehicles, sales, repair and provision of creative services and solutions for such vehicles, with a detailed know-how based on years of experience. Peicher Automotive plans to provide regional support to Alpha Motor Corporation as a distributor, sales partner, and service station for the related commercial, aftermarket and logistics matters.
Bringing Alpha to European Roads
"We anticipate an increasing demand from the DACH region and an alliance with Peicher Automotive will enable us to expand our global reach in an organized and scalable manner."
Jada Lee, Co-Founder and Vice Chairman of the Board of Directors of Alpha Motor Corporation
The envisaged cooperative framework will allow Alpha Motor Corporation to continue its focus on working towards mass commercialization of its electric vehicles, with the assistance and support from an experienced full-service partner such as Peicher Automotive.
Sincerely,
Alpha Motor Corporation
Edward Lee
Founder, CEO
Related Links
https://www.alphamotorinc.com
https://www.peicher-automotive.com
SOURCE Alpha Motor Corporation
03.14.23
[Video] Ex-Tesla Executive on Why Alpha is Differentiated
"Alpha Motors is a bright star in an otherwise uniform sea of EV start-ups. They dare bring back the very essence and soul of vehicle design, something that, in my humble opinion, has been lost for decades. I am proud and excited to be part of this journey.”
Peter Bardenfleth-Hansen
Advisory Board Member
Alpha Motor Corporation
Peter Bardenfleth-Hansen brings 10 years of commercial experience of scaling Tesla in the Nordics, EMEA and Japan. Mr. Bardenfleth-Hansen introduced Tesla into the Norwegian market and reinforced the sales structure throughout northern Europe. Based on his extensive experience regarding electrification of transportation, Mr. Bardenfleth-Hansen was attracted to Alpha Motor Corporation because he sees the company providing the soul to the greater ecosystem, which was previously missing. Besides being CEO of Norwegian charge point manufacturer Zaptec, Mr. Bardenfleth-Hansen is Chairman, Board Member and Advisor of e-mobility game changers, including CAKE, Viggo Ridehailing, Evyon, Monta, and formerly Volta Trucks.
03.08.23
Live Debut of the Wolf+ Truck is Coming Soon!
Alpha Motor Corporation is Ready for Center Stage at the Seoul Mobility Show 2023
Alpha Motor Corporation is set for global introduction of its California-based Move Humanity® brand by debuting its new Wolf Plus (4-Seater) pure electric truck at this year's Seoul Mobility Show, the largest mobility exhibition in Korea.
Alpha will be unveiling its Wolf Plus (4-seater) to the press and public at the KINTEX Exhibition Center in Seoul, Korea starting from March 30, 2023. The scale of the event is 53,541㎡ with participation expected from 8 Countries and 150 Companies.
Experience The Alpha CAMP (Reference to https://www.alphamotorinc.com/camp)
Alpha's exhibition at the Seoul Mobility Show will feature New Collaborations together with the Original CAMP Collaborators:
CAKE Bikes https://ridecake.com/en
HEIMPLANET https://en.heimplanet.com
DMOS Collective Inc. https://dmosproshoveltools.com
Free and Easy https://www.freeandeasy.com
Equipt Expedition Outfitters https://www.equipt1.com
KC Lights https://www.kchilites.com
Black Rhino Wheels https://www.blackrhinowheels.com
KMC Wheels https://www.kmcwheels.com
RECARO Automotive https://www.recaro-automotive.com
Shawmut Corporation https://shawmutcorporation.com
Spinneybeck https://www.spinneybeck.com
Michelin / BF Goodrich https://www.bfgoodrichtires.com
About Seoul Mobility Show
The Seoul Mobility Show is a biannual international event and is the only automobile exhibition in Korea accredited by the International Organization of Motor Vehicle Manufacturers. The first show was held in 1995.
Related Links
03.07.23
Special Announcement from Founder and CEO, Edward Lee
Alpha will be making its international debut of the Wolf Plus (4-seater) pure electric truck at the Seoul Mobility Show this year, the largest mobility exhibition in Korea.
Our exhibition will be available from March 30th to April 9th.
Secondly, Alpha is on schedule to test drive the Wolf truck by midyear. We’ll be releasing more details on the powertrain including integration of powerful and efficient EV motor and battery systems supplied by Hofer Powertrain GmbH and ElringKlinger AG (EKAG).
We look forward to continuing to achieve our milestones and on behalf of Alpha Motor Corporation, I personally thank, each and every one of our supporters.
I look forward to welcoming you all to the Alpha Camp at the 2023 Seoul Mobility Show.
Sincerely,
Alpha Motor Corporation
Edward Lee
Founder and CEO
03.06.23
Campaign Update Highlights (1/18 – 03/03)
Campaign Update Highlights (1/18 – 03/03)
March 3, 2023
- Wolf truck vehicle components are in development.
March 2, 2023
- Wolf truck body development video.
March 1, 2023
- Wolf truck test vehicle chassis is completed and is currently undergoing motor and battery integration.
February 23, 2023
- Alpha aims to start mass production by 2025 with a focus on Wolf and Wolf+ Trucks while leveraging its proprietary development process to prepare future production of Ace, Jax, Saga, and Rex vehicles.
- Alpha plans to leverage its platform sharing strategy to accelerate revenue generation and increase profitability.
- Wolf truck driving prototype is scheduled for completion by mid-year.
- Alpha plans to validate more than 90% of its new vehicle development to expedite commercialization and profitability.
- Alpha is currently preparing molds from the first Wolf Truck prototype to efficiently reproduce the exterior body.
- Alpha plans to apply a component commonization strategy across its vehicle lineup to achieve rapid development, reduce manufacturing costs and control quality.
- Alpha’s user interface prototype is currently projected to be completed for vehicle integration by the end of the first quarter and currently undergoing graphic user interface (GUI) testing.
- Vehicle closures, seating, steering, electronics, and various other component solutions are in development.
- Pre-production development is planned to move forward with Alpha’s manufacturing partner, UHI, which will focus on mass production and assembly of major steel components such as the chassis and exterior body.
- Alpha plans to initiate pre-production activities such as stamping of full steel bodies by next year.
February 21, 2023
- Alpha Motor Corporation receives “Electric Vehicle Manufacturer of the Year – California” Award.
February 17, 2023
- Wolf Electric Truck Video Presentation
- Through a public voting process, Alpha received the 2021 LA Auto Show THE ZEVAS™ Top Zero-Emission Vehicle Award for its Ace coupe, a finalist nomination for its Jax CUV, and nominations for its Wolf and Superwolf trucks.
- Based on THE ZEVAS™ Awards, Alpha believes people favor new brands and products over existing ICE brands and vehicles which are converted into EVs.
- We believe Alpha has the right products in an industry which is projected for exponential growth. Established systems which have been created to sustain long term success for large organizations focused on mass producing ICE vehicles may now be the reason why they are lacking relevance to consumers who desire EV solutions.
February 15, 2023
- Wolf Truck Prototype Video
- Photo Gallery of Original Wolf Truck Prototype
February 14, 2023
- Alpha Motor Corporation is an automotive electric vehicle startup that has positioned itself to reduce all of the risks of a startup.
- We have a clear product that is in demand by an existing (and expanding) market.
- We have experienced team members, advisors, and partners that all share the common goal to move our company’s vision forward.
- We were founded by individuals who have over 25 years of relationship. We did not just get together to do this business. We aligned on every level of our vision and philosophy, which reduces any risk of discord.
- We scale at pace and as per needed. We consider momentum and necessity in our plans for expansion because we understand that an overly fast-paced growth leads to waste of resources and shortage of cash.
- Each of our team members has a diverse range of skills and is able to multitask and contribute to areas that are both in and outside of their fields of expertise.
- We know that we are in a capital-intensive business. But we also have the conviction that we have the right process, product, and leadership to become an incredibly successful business.
- Alpha Motor Corporation will continue to move and innovate with high aspirations and discipline to increase its value, which is our commitment to investors.
February 13, 2023
- Video and photographs of Alpha's development of the Wolf Plus (4-seater) electric truck.
- Alpha aims to increase profitability through a multiple model offering that leverages our platform-sharing strategy.
- The Wolf truck platform is a basis to produce a variety of models which satisfies different consumer needs.
- Alpha has been progressing the Wolf and Wolf Plus models to increase our ability to grow market share. Both vehicles are slated to be showcased by June 2023.
February 9, 2023
- Alpha receives letter of support from world class e-mobility engineering company Hinduja Tech Inc (HTI).
- Insider investment notice is published.
February 8, 2023
- Alpha is applying advanced Computer Aided Engineering (CAE) to efficiently bring its vehicles to the market.
- Alpha aims to validate over 90% of its vehicle development through virtual validation which is projected to expedite commercialization and significantly reduce the footprint of industrialization.
- Alpha’s process simulates the entire construction of the vehicle and configuration of the total Bill Materials (BoM) which effectively manages the cost of manufacturing.
February 7, 2023
- Alpha’s technical proficiency and disruptive operation strategy enabled creation of the Wolf truck with no additional cost to the company’s balance sheet.
- Alpha achieved profitability in 2022.
February 3, 2023
- After the current Reg CF investment round, Alpha plans to progress to a Reg A investment offering. We believe that Alpha Motor Corporation’s valuation will increase significantly in the next equity round based on the following factors:
- Conversion to Deposit-based Reservations
- More Vehicle Distribution Arrangements
- Wolf Truck Driving Prototype in Construction
- In response to a question about going public, we consider going public to be a natural pathway to mass production. More importantly, we believe that our company is well positioned to consider IPO in the near future, given the industry sector, growth trajectory, and vision of our company. We also appreciate and recognize that going public will provide more visibility and liquidity to all stakeholders. Concurrently, it would help us reach the mass consumer market efficiently.
January 30, 2023
- Alpha’s electric vehicles are in development to integrate battery packs with an estimated energy capacity range of between 65kWh to 85kWh.
- Alpha is planning to equip its electric vehicles with both home-charging capabilities using a standard 120V AC outlet and DC fast-charging using a Combined Charging System (CCS) to achieve 80% charge in 30 minutes to an hour.
- Full ISO 15118 compatibility (an international standard defining V2G communication interface for bi-directional charging/discharging of electric vehicles) is also expected to support user-friendliness and support wide adoption of our EVs.
January 27, 2023
- Alpha Motor Corporation announces partnership with industry leading automobile manufacturer UHI Group to mass produce electric vehicles in the U.S.
- Alpha Motors' offering raised the most capital out of all Reg CF offerings during the week of 1/18 - 1/21, according to KingsCrowd.
- People living in the U.S. drive an average of 12,785 miles, which is equivalent to 35 miles a day.
- Alpha plans to equip its electric vehicles with lithium-ion NMC battery packs, integrated liquid cooling, and minimum range capacity of 250+ miles.
- 80% of gasoline is burned into pollution by a vehicle with an internal combustion engine while 90% of energy is effectively used to power an EV.
- 78.5% of 14 million vehicles sold in the U.S. last year were light trucks (Pickup Trucks and SUVs).
- As much as we love trucks in the U.S., Alpha is equally driven to find a solution for people to enjoy them on a zero-emission basis by commercializing its series of pure electric Wolf Trucks.
January 26, 2023
- Alpha Motor Corporation receives Certificate of Congressional Recognition from The United States House of Representatives for its technology patents and dedication to sustainable transportation.
January 24, 2023
- Alpha achieves precision engineering by computerizing automobile production.
- Alpha improves major industry short comings through proprietary development including unique application of Computer Aided Engineering (CAE).
- By saving resources through a computer-assisted process, Alpha is projected to improve ROI generation and bring focus to a greener economy for the industry and consumers.
January 23, 2023
- Alpha raises Over $500,000 in less than 5 days.
- Alpha launches Reg CF offering on January 18, 2023.
03.03.23
Component Development
03.01.23
Wow - Wolf Truck Test Vehicle Chassis
The Wolf Truck test vehicle chassis is completed and currently undergoing motor and battery integration. We can't wait to drive it!
02.23.23
Alpha’s Vehicle Production Plan
Vehicle Production Timeline
*Here is an overview of our project milestones. Alpha will focus on producing the Wolf and Wolf+ Trucks while leveraging its unique process to prepare future production of Ace, Jax, Saga, and Rex vehicles. Alpha targets preproduction development of its Wolf truck in the next phase.
Target Production Vehicles - Wolf Truck Series
Alpha plans to leverage its platform sharing strategy to launch production of two models to accelerate revenue generation and increase profitability.
One Platform, Multiple Models
Sharing of platform reduces time and resources significantly.
This business strategy will generate exponential revenue from the ability to generate multiple models at minimized cost.
Alpha’s Wolf truck is a basis to other vehicles such as the Wolf+ and Super Wolf trucks and the Rex SUV. Alpha’s initial development of the Wolf truck provides a point of reference which significantly reduces time and resources overall. This is in accordance with our plan to grow revenue from multiple models while minimizing the cost of development through a platform-sharing strategy.
Alpha gauged market demand and intends to produce the model with the highest demand, the Wolf truck. A driving prototype of the Wolf truck is scheduled for completion by mid-year.
Sustainable Development
Alpha’s unique process applies automotive Computer Aided Engineering (CAE) to efficiently create and develop its electric vehicles. Automotive CAE is used to industrialize automobiles and more than 90% of new vehicle development can be validated through virtual simulation which expedites commercialization and profitability.
Referring to our campaign updates "Wolf Truck Development," and "How Alpha Achieves Precision Engineering,” Alpha is sustainably maturing vehicle development by leveraging its proprietary process.
Alpha’s audited financials shows we are cash positive from our differentiated operations. The company is well-positioned to successfully achieve mass production of the Wolf truck, having received over 9,600 preorder indications to date.
Progress on All Fronts
Currently, molds are being prepared from the first Wolf Truck prototype to efficiently reproduce the exterior body. Then, the exterior body will be assembled onto the vehicle chassis which is equipped with a battery electric powertrain system. This phase is representative of the body-in-white (BiW) and body-on-frame assembly process in manufacturing where the exterior shell is mated with the vehicle chassis.
It is our plan to progress prototyping into mass production through development of molds, jigs and fixtures. Alpha will also apply a component commonization strategy across its vehicle lineup to achieve rapid development, reduce manufacturing costs and control quality.
Vehicle interior solutions are also underway. The user interface prototype is currently projected to be completed for vehicle integration by the end of the first quarter and currently undergoing graphic user interface (GUI) testing. Vehicle closures, seating, steering, electronics, and various other component solutions are also in development.
Pre-production development is planned to move forward with Alpha’s manufacturing partner, UHI, which will focus on mass production and assembly of major steel components such as the chassis and exterior body. Initial BoM for the BiW, chassis, and steel formability simulations have been in development since early 2022 based on the engineering of the first Wolf truck. We plan to initiate pre-production activities such as stamping of full steel bodies by next year.
*Photograph of UHI Factory 406,000 SQ FT New World Class Build Centers at Sterling Heights, Michigan, vehicle manufacturing partner of Alpha Motor Corporation. UHI capabilities include: Full Vehicle Validation, Large Press Capacity, Full Robotic Assembly, Full Body Assembly, Complete In-House Tooling, Full Component Traceability, ISO 9001:2015, AS9100D, NADCAP, IATF16949, VDA COMPLIANT. Information is not exhaustive and provided for illustrative purposes only.
Alpha is on schedule to complete its driving prototype by midyear. Concurrently, our vehicles will be matured through test validation loops and position Alpha to efficiently achieve certification. We plan to complete these milestones in the near future which will further prepare the company for mass production and accelerate our growth.
Sincerely,
Alpha Motor Corporation
Edward Lee
Founder and CEO
02.21.23
Alpha Motor Corporation Named Electric Vehicle Manufacturer of the Year – California
Congratulations to our community of supporters, Alpha Motor Corporation has been recognized through the Corporate LiveWire Global Awards 2022/23 as the Electric Vehicle Manufacturer of the Year – California.
About Corporate LiveWire Awards
The Corporate LiveWire Awards represent the pinnacle of business achievement, championing the best in their respective fields. Our corporate awards cover the most important sectors of business, from Finance advisories, Funding providers to Law firms and specialist advisory companies that deal with mergers and acquisitions. The culmination of the awards is the Global Award, covering businesses of every type that have proven their excellence throughout the year and years past. To learn more about Corporare LiveWire Awards visit https://corporatelivewire.com/awards.html.
Let’s continue to Move Humanity!
Sincerely,
Alpha Motor Corporation
Edward Lee
Founder, CEO
Related Links
https://corporatelivewire.com/awards.html
02.17.23
Wolf Electric Truck Video Presentation
Stack Owner's Bonus & Rewards!
Members get an extra 10% shares in addition to rewards below!
REWARDS
$499
Earn 10% Bonus Shares
Earn 10% bonus shares in this investment and all eligible investments for an entire year. If you are not already an Owners bonus holder, you can join now, for $275, billed annually.
$5,000
SILVER Level Perk
$500 credit upon purchase of a vehicle *1 ● Limited edition T-shirt
$10,000
GOLD Level Perk
$1,500 credit upon purchase of a vehicle *1 ● Limited edition T-shirt ● 5% bonus shares
$20,000
PLATINUM Level Perk
$3,000 credit upon purchase of a vehicle *1 ● Limited edition T-shirt ● 10% bonus shares
$250,000
ALPHA Level Perk
Free Alpha vehicle at the start of production or US$100,000 credit *2 ● Exclusive Collectible Scale Model of Alpha Vehicle *3 ● Limited edition T-shirt ● 24 x 36 Exclusive Canvas Print Art Collectible ● 15% bonus shares
JOIN THE DISCUSSION
0/2500
HOW INVESTING WORKS
Cancel anytime before 48 hours before a rolling close or the offering end date.
WHY STARTENGINE?
REWARDS
We want you to succeed and get the most out of your money by offering rewards and memberships!
SECURE
Your info is your info. We take pride in keeping it that way!
DIVERSE INVESTMENTS
Invest in over 200 start-ups and collectibles!
With Regulation A+, a non-accredited investor can only invest a maximum of 10% of their annual income or 10% of their net worth per year, whichever is greater. There are no restrictions for accredited investors.
With Regulation Crowdfunding, non-accredited investors with an annual income or net worth less than $124,000, are limited to invest a maximum of 5% of the greater of those two amounts. For those with an annual income and net worth greater than $124,000, he/she is limited to investing 10% of the greater of the two amounts.
At the close of an offering, all investors whose funds have “cleared” by this time will be included in the disbursement. At this time, each investor will receive an email from StartEngine with their Countersigned Subscription Agreement, which will serve as their proof of purchase moving forward.
Please keep in mind that a company can conduct a series of “closes” or withdrawals of funds throughout the duration of the campaign. If you are included in that withdrawal period, you will be emailed your countersigned subscription agreement and proof of purchase immediately following that withdrawal.
StartEngine assists companies in raising capital, and once the offering is closed, we are no longer involved with whether the company chooses to list shares on a secondary market, or what occurs thereafter. Therefore, StartEngine has no control or insight into your investment after the close of the live offering. In addition, we are not permitted to provide financial advice. You may want to contact a financial professional to discuss possible investment outcomes.
For Regulation Crowdfunding, investors are able to cancel their investment at any point throughout the campaign up until 48 hours before the closing of the offering. Note: If the company does a rolling close, they will post an update to their current investors, giving them the opportunity to cancel during this timeframe. If you do not cancel within this 5-day timeframe, your funds will be invested in the company, and you will no longer be able to cancel the investment. If your funds show as ‘Invested’ on your account dashboard, your investment can no longer be canceled.
For Regulation A+, StartEngine allows for a four-hour cancelation period. Once the four-hour window has passed, it is up to each company to set their own cancelation policy. You may find the company’s cancelation policy in the company’s offering circular.
Once your investment is canceled, there is a 10-day clearing period (from the date your investment was submitted). After your funds have cleared the bank, you will receive your refund within 10 business days.
Refunds that are made through ACH payments can take up to 10 business days to clear. Unfortunately, we are at the mercy of the bank, but we will do everything we can to get you your refund as soon as possible. However, every investment needs to go through the clearing process in order to get sent back to the account associated with the investment.
Both Title III (Regulation Crowdfunding) and Title IV (Reg A+) help entrepreneurs crowdfund capital investments from unaccredited and accredited investors. The differences between these regulations are related to the investor limitations, the differing amounts of money companies are permitted to raise, and differing disclosure and filing requirements. To learn more about Regulation Crowdfunding, click here, and for Regulation A+, click here.
