We have some exciting news to share with you. Through the efforts of our recent equity crowdfunding campaign here on StartEngine and through outside investors, we have been able to move forward with a manufacturing partnership that will help us lower the cost of the M1.
We’ve gotten a lot of feedback over the past year concerning the cost of the M1. Thousands of prospective buyers saw the value of the M1 and our goal has always been to make the M1 as affordable as possible, but this was difficult to do while building the M1 entirely in Brisbane, California. Fortunately, we are in the process of signing contracts with an amazing manufacturing partner to help us get the cost of the M1 down from $5995, to $4500.
We chose our contract manufacturing partner very carefully, in order to deliver higher volume at a reduced cost. Not only do they have impressive experience making electric two-wheelers, with over 3 million units produced, they have extremely high quality standards. Quality is of the utmost importance to us here at Monday Motorbikes. There are quality control components in place at every step of the manufacturing process. We will have boots on the ground at our partner's facility and final assembly will still be done here in Brisbane, California.
Every process that will be used at any of our partners’ facilities is a process that was developed and perfected by Dr. Jauvtis and the team here in the United States. By moving the manufacturing overseas, we will be freeing up our engineering team to make technological advancements. It will also greatly increase our output capability, and by the end of the year we will have the ability to fulfill even the largest of orders in short amount of time.
Starting today, if you purchase the M1 outright or put down a $1000 deposit, you will pay $4500. You can also reserve an M1 for a $250 deposit, and pay a total of $4800 by delivery. We also have a financing option that will allow you to get the M1 for less than $100 a month. The first 10 people to reserve their M1 through any of the methods available will receive a full set of Monday Motorbikes riding gear and a limited edition Monday Motorbikes t-shirt. The first 100 people to reserve their M1 will receive a limited edition Monday Motorbikes t-shirt. Make sure you take advantage of this opportunity by heading over to https://mondaymotorbikes.com/checkout/ and reserving your M1 today.
The Monday Motorbikes Team
Josh Rasmussen, Co-Founder and CEO
Dr. Nathan Jauvtis, Founder and Chief Scientist