April 28th, 2017
The crowdfunded electric sports car: Dubuc Motors courts investors
Canadian Manufacturing | Cleantech Canada | Mar 2, 2017
Interested individuals can own a stake in the company behind the world's first four-seater electric sports car for US$200
MENLO PARK, Cali.—You can own a stake in automotive history for as little as US$200.
Dubuc Motors Inc., the company behind the Tomahawk—the world’s first four-seater electric sports car—has announced the live offering phase of its equity crowdfunding campaign.
After gaining approval from the Securities and Exchange Commission, American automaker Dubuc Motors can now sell equity shares to accredited and unaccredited investors through its website, allowing people to invest in the U.S. and internationally. The minimum investment is $200.
“We have been pleased with the response from the crowd. It’s exciting to see a community of game changers and trendsetters jump on board as shareholders of our company early on,” said Mike Kakogiannakis, co-founder of Dubuc Motors.
The 370-mile range Tomahawk accommodates the big and tall, seating drivers up to 6’5″ comfortably. The rear seats and front and rear cargo space also provide the Tomahawk with more utility than other luxury sports cars.
“People have embraced the idea that the Tomahawk, although an exotic sports car, can be as practical as a sedan,” said Kakogiannakis.
Dubuc’s first commercialized model is currently the only four-seater electric car on the market that goes 0-60 mph in under four seconds and sells for under $150,000.
You can own a Tomahawk for $125,000. Dubuc is currently accepting $5,000 deposits, and first deliveries are expected in 2018.
The National Crowdfunding Association of Canada (NCFA Canada) is a cross-Canada non-profit actively engaged with both social and investment crowdfunding stakeholders across the country. NCFA Canada provides education, research, leadership, support and networking opportunities to over 1500+ members and works closely with industry, government, academia, community and eco-system partners and affiliates to create a strong and vibrant crowdfunding industry in Canada. Learn more at www.ncfacanada.org.