As you’ve seen through our campaign updates and social media posts, our team is hard at work using the more than $1M raised for the prototype phase of Model SONDORS. We couldn’t be more thrilled to now have a working prototype, which we released privately to our passionate investors at an event in mid-November.
Now that the pre-prototype funding is oversubscribed and the initial prototype is complete, what happens next?
We’re now raising $20 million to fund the tooling phase and have opened our offering again to the general public. Check out our campaign page on StartEngine by clicking here!
Assuming we reach our goal, we’ll be well on our way to selling and manufacturing cars for production as early as April 2019.
“There are enough creators for useless stuff and very few who actually create what's useful. Henry Ford built the first affordable car and changed the face of transportation. I want to build the first affordable electric vehicle and transform transportation once again.
I first started an electric bicycle company because I wanted to ride in Malibu, feeling free and having fun. I wanted to offer a bicycle that was built with high quality components for under $1,000. Everybody thought it could not be done. I have since shipped SONDORS electric bikes to the delight of more than 17,000 loyal SONDORS owners worldwide. Now I want to build an electric vehicle for $10,000.
The next great American electric vehicle is being built in my garage. Together we will start the electric transportation revolution."
- Storm Sondors Chief Electric Officer & CEO
$12/share | If you invest you're betting the company will be worth more than $33M in the future.
Priority on purchase reservation list.
Our mission is to offer a cost effective and clean alternative to our daily transportation. We believe the car world is going electric. We want everyone to be able to drive to work with a cool looking electric car. We want to make a change, for the better. We do not have time to wait around. We need a solution right now to transform how we drive to work. The world is changing. Let’s change it together.
"I am big fan of Tesla. I love the idea to drive electric and never stop again at a gas station. I love being good to my environment, and I want to drive electric. I do not have the budget to buy today’s electric car. I saw the SONDORS car and right away I saw myself driving it. I can afford this car and I want to be part of the electric car revolution. I am a proud investor." -Miles F.
We are creating an electric car that makes sense to the average person. As we did with the electric bike, we’re taking something over-engineered and overpriced and turning it into something practical and easy to use.
At SONDORS, artistry is important. We create things that immediately makes sense to people. We want to create a car that people want to drive and transport themselves in their day-to-day life. We're able to price our car at only $10,000 because we did away with all the stuff that no one needs.
The prototype car will be built in the United States. We designed this car in Malibu, and our engineers are from around the world. We have engineered modern safety gear that is necessary for a safe ride, and future software upgrades will even further improve the value of the car.
As we did with our electric bikes, our plan is to cut out all unnecessary costs. You will be able to custom pre-order your car online. You’ll get the car you want without having to haggle with a salesman. And you won’t even have to leave your house. We’ll deliver right to your doorstep.
There is no question that electric cars are going to dominate the car industry in the next 10 years. Research shows demand for electric cars is on the rise and will represent 35% of the global car sales by 2045 according to Bloomberg New Energy. Goldman Sachs estimates 22% of the market will be electric vehicles by 2025.
Norway is the first country to reduce sales of gas-powered cars to zero by 2025. The rest of the world will follow. There’s a significant unmet need for an affordable mass market electric car. We are positioned at the right time with the right product — a $10,000 electric car, beautifully designed and affordable by anyone.
Crowdfunding is an important piece of SONDORS Electric Bike's history. We held three crowdfunding campaigns in one year, each raising millions of dollars. We hold the record for one of the most successful crowdfunding campaigns ever. We love crowdfunding and we love bringing our vision and products directly to the public to both validate our goals and fuel a change.
We want to give our supporters a bigger opportunity. We want to offer you a piece of the SONDORS Car Company so that you can realize the potential financial success of the company with us. Together, we will create the most affordable electric car ever.
Invest Now.
Proceeds from this Online Public Offering will be used to develop a working prototype for the car, which is projected to be unveiled in California within 12 months of the offering closing date. Our current priorities are finalizing the technical aspects, and continuing discussions with potential vendors, partners, and suppliers for the prototype and production of the car. After completing the prototype, we will embark on a SONDORS Test Drive Tour, generating market interest through the pre-sales program, and quantifying demand through reservation deposits. The company will leverage that data to increase its valuation for the next round of financing. We expect sales to exceed 120,000 units in the first year. Our business plan includes a path to profitability and strong returns for investors when targets are met.
To my prospective shareholder,
When Henry Ford wanted to build a car for the mass market he went to his community, raised money, and changed the world. I want everyone to be able to own shares in my new electric car company, and this is now possible with the new Online Public Offering rules.
The SONDORS Electric Car Company journey starts now. Together we are going to change history. We are going to challenge the status quo and we are going to prove people want to drive electric. People want a clean environment, a fun drive, and they want to be able to afford it. Yes, I know this is going to be hard and we will face many hurdles thrown at us but I can tell you that I am ready for it. Everyone told me selling electric bicycles for under $1,000 was impossible. They said I would have to compromise on the quality of the components. They said many things. But I did not care, I went ahead and built it and sold it. And seeing the happy smiles on my customers means everything to me. I want to do it again. I want you to be an investor and join me in this exciting journey. Together we are going to change the world while having fun.
The world is filled with useless stuff. Let’s create something useful together.
- Storm Sondors, Chief Electric Officer & CEO
The car, called Model Sondors, will seat three people and be available in three range options: 50 miles, 100 miles, and 200 miles, the company says. The vehicle will be designed to have an all-wheel drive dual motor system option, with a battery pack in the floor of the vehicle, and the motor and gearbox in line with the rear axle, according to company’s business development plan.
The Model Sondors 3-wheeled electric vehicle is the latest automotive startup to take advantage of new rules to raise funds. Sondors is using equity crowdfunding, “where a crowd of accredited and nonaccredited investors alike can invest up to $1 million in an early-stage company,”
Don’t know who Storm Sonders is? He is the mad genius who brought us the Sondors eBike, a $499 creation that has everything all those other e-bikes have except the price. The Indiegogo funding campaign for the Sondors eBike achieved the second highest funding total in history — $5.2 million
OFFERING SUMMARY
The following summary highlights selected information contained in this offering circular. This summary does not contain all the information that may be important to you. You should read the more detailed information contained in this offering circular, including, but not limited to, the risk factors beginning on page 3. References to “we,” “us,” “our,” or the “company” mean Sondors Electric CarCompany.
Our Company
Sondors Electric Car Company (“Sondors” or the “Company”) has designed and is developing an
electric car to be designated as “Model Sondors”, which the Company intends to market and sell worldwide.
This Offering
Securities Offered: Maximum of 83,333 shares of common stock ($999,996).
Common Stock outstanding before the Offering: 2,700,000
Common Stock outstanding after the Offering: 2,783,333
Use of proceeds: The net proceeds of this offering will be used primarily to complete
the design and development of the Model Sondors prototype.
Risk factors: Investing in our shares involves a high degree of risk. As an investor you should be able to bear a complete loss of your investment. You should carefully consider the information set forth in the “Risk Factors” section of this offering circular.
Valuation Methodology
We have not undertaken any efforts to produce a valuation of the company. The price of the common stock merely reflects the opinion of the CEO and management of Sondors as to what a fair value would be.
The Company will not incur any irregular use of proceeds.
A crowdfunding investment involves risk. You should not invest any funds in this offering unless you can afford to lose your entire investment. In making an investment decision, investors must rely on their own examination of the issuer and the terms of the offering, including the merits and risks involved. These securities have not been recommended or approved by any federal or state securities commission or regulatory authority. Furthermore, these authorities have not passed upon the accuracy or adequacy of this document. The U.S. Securities and Exchange Commission does not pass upon the merits of any securities offered or the terms of the offering, nor does it pass upon the accuracy or completeness of any offering document or literature. These securities are offered under an exemption from registration; however, the U.S. Securities and Exchange Commission has not made an independent determination that these securities are exempt from registration.
As you’ve seen through our campaign updates and social media posts, our team is hard at work using the more than $1M raised for the prototype phase of Model SONDORS. We couldn’t be more thrilled with the progress so far, and are on track to have the initial prototype completed in July 2017.
Now that the pre-prototype funding is oversubscribed and the initial prototype is almost complete, what happens next?
We’re ready to raise the necessary $20 million in funding required for tooling and have decided to start our offering with accredited* investors only. Check out our campaign page on StartEngine by clicking here. If you discover you are not accredited, stay tuned and continue to follow SONDORS Electric Car Company. Our team is working to create an offering that will provide everyone the chance to invest in the tooling phase.
Assuming we reach our goal, we’ll be well on our way to selling and manufacturing cars for production as early as April 2019.
* What is an accredited investor? This is a term used to describe people who have earned over $200,000 a year for the past two years, and feel they will continue to earn above this threshold or who have assets of $1M or more excluding their primary residence. If you discover you are not accredited, stay tuned and follow our campaign by clicking the heart in the top right corner of the campaign page.
Dear SONDORS Supporter,
I am writing this update to inform you that there's yet another opportunity to invest in SONDORS Electric Car Company.
Recently, the Securities and Exchange Commission (SEC) amended the Title III Regulation Crowdfunding rules to increase the maximum amount a company can raise. The new rules now allow a company to raise a total of $1.07M, a $70,000 increase from the prior maximum amount limit of $1M.
In response, we’ve reached out each of you that were either canceled or voided as a result of the over-subscription of our first campaign. And after less than 48 hours, we're just $15,000 shy of our $70,000 limit.
There's still time to become a shareholder in SONDORS Electric Car Company, if you act fast.
To invest, just click this link and follow the simple investment instructions. We’re excited about this new rule, and to offer you another chance to become a shareholder in our company.
If you've already invested, thank you. Together, we are changing the future of transportation.
Sincerely,
Storm Sondors
Dear SONDORS Supporter,
See below for a comprehensive Model SONDORS Project Report and corresponding images.
On March 27th, during the SONDORS team meeting in Italy, the modification and refinements to be introduced on exterior and interior CAS have been discussed and addressed.
On April 10, Model SONDORS Exterior Style has been refined.
On April 12, CAS was updated, followed by re-milled 1:4 scale model
Manual modification and refinements on 1:4 scale Model SONDORS were made to harmonize volumes and proportions.
Once manual refinements are complete, the 1:4 Model SONDORS has been digitized.
Model SONDORS exterior CAS is updated and finalized
Model SONDORS final chassis engineering update
On April 27, Model SONDORS interior styling is refined.
The Model SONDORS interior CAS has been evolved from styling and engineering point of views to follow all the constrains arising during chassis development
I’m both thrilled and pleased with how things are progressing, and will continue sharing everything as we move forward.
Continue to stay tuned, as we have more details and exciting news on the way.
Sincerely,
Storm Sondors
Dear SONDORS Supporter,
As you know, we have officially chosen to build the Model SONDORS prototype in Italy. We have been working tirelessly, and are moving right along. I am thrilled with the progress we are making, and the results are exceeding my expectations.
I'm really looking forward to bringing you up to speed, while I'm putting together a comprehensive update just for you. I will be sharing it in its entirety tomorrow.
In the meantime, I wanted to make sure you had immediate access to SONDORS Electric Car Annual Report.
And, if you haven’t already, be sure to visit our Facebook page where we'll continue to post pictures of our progress. And while you're in there, be sure to leave a comment to share your thoughts with us.
Sincerely,
Storm Sondors
Dear SONDORS Supporter,
You may have caught on after seeing a few of our recent updates on our campaign and social media pages – we have officially chosen to build the Model SONDORS prototype in Italy.
And what you may have also noticed, is that our design and engineering teams are making incredible progress.
In my opinion, there’s no better place than Italy when it comes to designing a car. Italy, the birthplace of great classics like Ferrari, Lamborghini and Maserati – surely amongst the most timeless and beautiful cars the world has ever seen.
We are extremely fortunate to have partnered with some of the best designers and engineers known from around the globe. There is truly an impressive collaboration of highly-skilled professionals working together in the making of Model SONDORS, and we couldn’t be here without you.
While in Italy, we have finalized the exterior and interior design of Model SONDORS, and are completing 3D surfacing - just as we’ll be using for the final prototype build.
Our choice for the exterior has been inspired by my lifelong passion for Gran Turismo with a modern edge. This is something you can catch a glimpse of within the images we’ve already shared. The Model SONDORS will undoubtedly make a powerful statement for the future of electric car design, with its striking front and profile view and impeccable integration of the 3rd wheel — it’s a guaranteed headturner. It’s what I expected from working with Italian designers, and what you’d expect from SONDORS.
We’ve selected an interior that really delivers the “wow” factor. It resembles a creative space that’s both roomy and inviting. It’s simple and clean, yet intelligent and innovative. We’ve cut out the unnecessary bulkiness of today’s standard car interior, while enhancing passenger comfort and an exhilarating driver experience. The entire layout has been designed with purpose - focusing on meeting the practical needs and conveniences of modern-day transportation.
Stay tuned, as I’ll soon have big news to share about the choice we’ve made for the Model SONDORS motor. We’ve spent a lot of time with multiple motor manufacturers, and will unveil our choice within the month of April.
I couldn’t be happier with the progress we’ve made thus far, or more excited for the day we’ll be revealing it all to you.
And, if you haven’t already, visit our Facebook page to see additional pictures of our progress here in Italy –– be sure to leave a comment to let us know what you think.
Sincerely,
Storm Sondors
Dear SONDORS Supporter,
We are back again, this time with design and engineering of the interior of the Model SONDORS.
Here you'll see initial rough sketch proposals of the interior design process...moving into more refined concepts, and Team SONDORS working together to make the final decision...
As always, we extend our appreciation for your support. We wouldn't be here today without you. We look forward to your comments, and continuing to share our progress with you.
Sincerely,
Storm Sondors
Dear SONDORS Supporter,
We are continuing to work with our designers and engineers on the exterior of the Model SONDORS.
Today we have some behind-the-scenes images as well as some more refinements to our design. We love hearing your thoughts and sharing this process with you...
Stay with us, and if you haven't already, click the heart icon on this page to ensure you'll keep up with project updates and the latest SONDORS news!
Sincerely,
Storm Sondors
Dear SONDORS Supporter,
We’re in the midst of refining the exterior of the Model SONDORS with our design and engineering team, and we wanted to share our creative process with you.
We’re finalizing two of the designs shown here, (to be chosen by me) and we’ll be releasing them very soon.
In the meantime, we’d love to hear what you think about these “rough concept” design options we’re currently exploring…
We're staying true to our goal of building the most attractive, affordable electric car ever.
And, we're definitely enjoying the ride!
Stay tuned, and if you haven't already be sure to click the heart icon on this page to follow along with us - that way you won’t miss a thing and always be informed with project updates and the latest SONDORS news!
Sincerely,
Storm Sondors
Dear SONDORS Supporter,
I thought you’d enjoy seeing our feasibility report, and having a look at the ergonomic study for the Model SONDORS prototype.
Please see the images below including top, side, and front view of the Model SONDORS. Each depict the modifications we’ve made to improve the interior and exterior vehicle size, providing additional passenger and driver space and comfort.
Continue to stay tuned, as we have more details and exciting news on the way.
Sincerely,
Storm Sondors
Dear SONDORS Supporter,
We have some exciting news to share about the Model SONDORS prototype!
Our plan has been developed and our schedule is set. Please see the chart below for a clear step by step program for the Model SONDORS prototype development.
Now you know the plan we're set to follow. Stay tuned, as we will continue to share details, images and videos every step of the way.
We're building the most attractive, affordable electric car ever. And, we're honored to share this opportunity with you.
Let’s enjoy the ride!
Sincerely,
Storm Sondors
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