Tagged: automotive

Overfunding: Online Automotive Marketplace Glovebox Direct Secures £300,000 Funding Target on Crowdcube

Less than two weeks after launching its latest equity crowdfunding campaign on Crowdcube, online automotive marketplace Glovebox Direct has secured its initial £300,000 funding target from just a little more than 100 investors. The funding round comes just six months after the company raised a total of… Read More

Chase Announces Partnership With Automotive Fintech Company AutoFi

Chase announced on Thursday it has formed a partnership with AutoFi, a San Francisco-based fintech company that helps customers select and finance vehicles through their automotive dealers’ website and reduce the time it takes to complete the sale. The banking giant revealed it is the… Read More

Dubuc Motors Says Tomahawk Electric Car Goes Into Production in 2018

Dubuc Motors said it would be starting production of its Tomahawk electric car in 2018. Dubuc said the Tomahawk “will be produced in the thousands of units appropriately intended for a niche market within the luxury segment.” Dubuc intends to unveil the production model at… Read More

Sondors Electric Car Company Expects to Raise Capital via Reg A+ & Reg D (506c)

Sondors Electric Car company raised $1 million on StartEngine using Reg CF at the end of 2016. The company is back on StartEngine now with a smaller funding round but buried within the Offering Memorandum was the statement that  Sondors apparently intends on using both Reg… Read More

RateSetter Grows: Online Lender Partners with George Banco, Acquires Two Motor Finance Businesses

RateSetter is expanding its footprint by entering into a strategic partnership with personal loan provider George Banco. RateSetter has also acquired an equity stake in the George Banco company. George Banco is one of the UK’s largest guarantor lending platforms. The partnership incorporated the acquisition… Read More

Eco-Friendly Car Maker Ronn Motor Group Launches Reg A+ Offer Seeking Up to $50 Million

Ronn Motor Group, an automotive company that produces the eco-friendly, hydrogen fueled Scorpion supercar, has launched a Reg A+ equity crowdfunding offer to raise up to $50 million in equity capital. Ronn Motor Group wants to use the additional funding to “evolve” the Scorpion into… Read More

Orto Luxe Car Sharing Platform is Raising Capital on AngelsDen

The advent of the sharing economy is forcing car manufacturers to rethink their business models. Uber and Lyft are two of the highest profile companies at the forefront of this transformation. By disrupting existing car hire services with a better price and superior service, cab… Read More

Paul Elio Shares Details About Elio Motors’ E1A (Video)

  Last week, founder of Elio Motors, Inc. (OTCQX: ELIO) CEO, Paul Elio, shared details about the company’s new vehicle, E1A, during the E-Series event.  As previously reported, the first E-Series vehicle was unveiled in front of more than 200 automotive supplier executives and engineers who reportedly… Read More

British Car Creator Zenos is Raising £750,000 on Seedrs

A new vision of British sports cars has been launched and the founders are using crowdfunding to help finance their dream car. Launched in 2012, Zenos Cars is a high-performance sports car in the same tradition of many great British marquee’s all at an affordable price…. Read More

Kickstarter Success HUDWAY Hits Fast Company’s Top 10 Most Innovative Companies of 2016 in the Automotive Sector

Last week, Fast Company announced its 2016 Top Innovative Companies in the Automotive Sector. Among those listed was Kickstarter alum, HUDWAY.  In November 2015, the company raised $622,725 on Kickstarter to launch manufacturing of its self-titled glass with the help of over 9000 backers. Sharing details about… Read More

Elio Motors Closes at $17 Million. Touts 50,000 Reservations

Elio Motors closed its crowdfunding offer on StartEngine this past Monday.  The company had revealed last month that it was nearing $16 million in funding. The equity crowdfunding campaign, under Regulation A+, had sought to raise $25 million.  While short of that goal, Elio has… Read More

Dubuc Motors Tests the Waters for $25 Million on StartEngine

Dubuc Motors, creators of the “scissor door” electric sports car the Tomahawk, has launched a “Testing the Waters” (TTW) campaign on StartEngine seeking indications of interest for $25 million under Regulation A+.  Launched in Quebec, Dubuc Motors is now incorporated in the US with offices… Read More

Elio Motors Receives SEC Approval. Will Seek $25 Million in Regulation A+ Offering

In what is one of the largest equity crowdfunding rounds in the world, Elio Motors has received approval by the Securities and Exchange Commission (SEC) to seek $25 million in equity capital under the recently released Regulation A+ rules.. Elio, one of the very first… Read More

Paul Elio Declares at TEDxDetroit: “Simple Innovations Can Have Far Reaching Benefits”

Elio Motors’ founder and CEO Paul Elio today said innovation can come from some of the simplest ideas, but can have world-altering results.  The entrepreneur made his remarks at TEDxDetroit, where he was one of nearly 50 visionary leaders who took the stage to inform… Read More

StartEngine & Elio Motors to Host Live Stream Event on September 9th to Discuss $30 Million Milestone

Elio Motors, one of the very first companies to leverage new Regulation A+ to “test the waters” and gage investor interest, will be sharing its experience tomorrow (September 9th) in a free Live Streamed event. Elio Motors listed its potential equity crowdfunding round on June… Read More

Elio Motors Tops $25 Million Reg A+ Goal as More than 6000 Investors Express Interest

Elio Motors is one of the first companies to take advantage of the new rules under Regulation A+ which went into effect on June 19th.  The new rules allow companies considering to raise capital under Reg A+ to “test the waters” to see if investors… Read More

Auto China International Reports Q3 Results

AutoChina International released its Q3 results along with 9 month results for calendar 2014.  Total revenues for 9 months ended in September were stated to be $591.3 million, a 40% increase over same period last year of $419.8 million.  AutoChina International Limited is a provider… Read More

Fobo Tire Pressure Monitoring System Raises Over $100,000 with Crowdfunding

Earlier this month, Malaysia-based FOBO launched an Indiegogo crowdfunding campaign for what is dubbed as the world’s first ever Bluetooth tire pressure monitoring system. Originally seeking only $28,000, the project not only surpassed the initial goal but continues to be a huge success on the crowdfunding… Read More