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.