Ampere Motor offering is now closed and is no longer accepting investments.
INVEST IN AMPERE MOTOR TODAY!
$9,900 Electric Sports Roadster
$65,961.00 Raised
REASONS TO INVEST
ABOUT
HEADQUARTERS
395 Santa Monica Place, Unit 308
Santa Monica, CA 90401
VALUATION
$61.11M
TEAM
Tony Chan
Founder, CEO, and Director
Filipe G.
Senior Automotive Designer
Dr. Gene Liu
Senior Manufacturing Advisor and Expert in Electric Drive
Brian Mahon
Senior Business Strategist
Angela Chan
Assistant Marketing Manager
Gabriel Lin
Automotive Designer and Mechanical engineer
Judy Szeto
Corporate Secretary, Director
Tejesh G.
Automotive Designer
Dr. Frank Y.
Senior Automotive Engineer
TERMS
Ampere Motor
Overview
PRICE PER SHARE
$63
DEADLINE
Sep 4, 2018
VALUATION
$61.11M
AMOUNT RAISED
$65,961.00
Breakdown
MIN INVESTMENT
$189.00
MAX INVESTMENT
$100,800.00
MIN NUMBER OF SHARES OFFERED
160
OFFERING TYPE
Equity
ASSET TYPE
SHARES OFFERED
MAX NUMBER OF SHARES OFFERED
1,600
Maximum Number of Shares Offered subject to adjustment for bonus shares
Maximum 1600 shares of Common Stock ($100,800)
*Maximum subject to adjustment for bonus shares. See 10% Bonus below
Minimum 160 shares of Common Stock ($10,080)
| Company | AMPERE ELECTRIC CARS, INC. |
| | |
| Corporate Address | 395 Santa Monica Place, Unit 308, Santa Monica, CA 90401 |
| | |
| Description of Business | Ampere Motor USA designs and manufactures electric vehicles that are beautiful, fun-to-drive, and affordable. Ampere has already built a couple of working prototypes and is getting ready to start mass production in 2018. Ampere plans to sell vehicles worldwide. |
| | |
| Type of Security Offered | Common Stock |
| | |
| Purchase Price of Security Offered | $63 per share |
| | |
| Minimum Investment Amount (per investor) | $189 |
Perks*
$700+ Ampere T Shirt & 3% discount on your Ampere purchase
$2000+ Personal tour of our factory in California & 6% discount on your Ampere purchase
$5000+ Personal tour of our factory in California & 10% discount on your Ampere purchase
$20000+ Personal tour of our factory in California & 15% discount on your Ampere purchase & personalized graphics on vehicle
*All perks occur after the offering is completed. All discounts are limited to purchase of 1 vehicle
The 10% Bonus for StartEngine Shareholders
AMPERE ELECTRIC CARS, INC. will offer 10% additional bonus shares for all investments that are committed by StartEngine Crowdfunding Inc. shareholders (with ≥ $1,000 invested in the StartEngine Reg A+ campaign) within 24 hours of this offering going live.
StartEngine shareholders who have invested $1,000+ in the StartEngine Reg A+ campaign will receive a 10% bonus on this offering within a 24-hour window of their campaign launch date. This means you will receive a bonus for any shares you purchase. For example, if you buy 10 shares of Common Stock at $63 / share, you will receive 1 Common Stock bonus share, meaning you'll own 11 shares for $630. 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 for one year from the time StartEngine Crowdfunding Inc. investors receive their countersigned StartEngine Crowdfunding Inc. subscription agreement.
Irregular Use of Proceeds
The Company will not incur any irregular use of proceeds.
ALL UPDATES
08.16.18
Notice of Funds Disbursement
[The following is an automated notice from the StartEngine team].
Hello!
As you might know, Ampere Motor has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in Ampere Motor be on the lookout for an email that describes more about the disbursement process.
This campaign will continue to accept investments until its indicated closing date.
Thanks for funding the future.
-StartEngine
07.26.18
Notice of Funds Disbursement
[The following is an automated notice from the StartEngine team].
Hello!
As you might know, Ampere Motor has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in Ampere Motor be on the lookout for an email that describes more about the disbursement process.
This campaign will continue to accept investments until its indicated closing date.
Thanks for funding the future.
-StartEngine
06.12.18
Notice of Material Change in Offering
[The following is an automated notice from the StartEngine team].
Hello! Recently, a change was made to the Ampere Motor offering. Here's an excerpt describing the specifics of the change:
AMPERE ELECTRIC CARS, INC. has updated their financial statements.
When live offerings undergo changes like these on StartEngine, the SEC requires that certain investments be reconfirmed. If your investment requires reconfirmation, you will be contacted by StartEngine via email with further instructions.
JOIN THE DISCUSSION
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HOW INVESTING WORKS
Cancel anytime before 48 hours before a rolling close or the offering end date.
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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.
