After a month on StartEngine, Elio has collected over $25 million from over 6,000 individual investors.
In a crowdfunding campaign that seems destined to fail (only $5 have been raised of a $25,000 target after two weeks), we find a master class in getting people to not care about a Tesla Model S. In short, you add a new look to a car that a lot of people think doesn't need one, apparently.
A lot has happened since Sir Jack Brabham went down in history as the the only driver ever to win the Formula One World Championship in his own car. His offspring have followed in his footsteps, with two of his sons (Geoff in 1993 and David in 2009) having won at Le Mans with Peugeot. Bernie Ecclestone used the team as a springboard to seize control of F1's commercial rights. The Brabham name was subsequently adopted by a BMW tuner. And finally, Sir Jack himself left this world this past May. Bu
Imagine if a little bit of water could make your internal combustion engine run cleaner and more efficiently, and help it produce more oxygen than a tree. That's what the LeefH2 device is designed to help your motor do. HNO Green Fuels, the maker of the LeefH2, wants to turn your engine – and every other combustion engine – into an oxygen farm while reducing particulate matter and getting more power out of your fuel.
Crowdfunding has not been kind to electric vehicle projects. The Derringer electric bike, while cool, didn't make it. The ultra-fast battery charger idea raised just $2,666 out of a $50,000 goal. And there are many more failed examples. (That Kickstarter project for that EV coloring book, on the other hand, did reach its modest goal.)
Crowd-funding projects are quickly emerging as the way to get things done in the tech business, and the idea is even jumping into other fields as well. But it hasn't exactly caught on just yet in the automotive industry. A few months ago we reported on a crowd-funding campaign to revive the Castle Three Motor Company to build a retro trike roadster similar to the Morgan 3 Wheeler, and various outfits have attempted to harness the public's contributions to jump-start electric vehicle development.
Four years ago, Myers Motors was taking pre-orders for what was supposed to be a hyper-efficient, two-seat, three-wheeled vehicle, the NMG2. Then things went quiet. Real quiet. But, hey, whaddya know, there's been some activity. Thanks to tipster Sean, who was one of the original reservation holders, we have learned about Myers' new crowdfunding strategy to bring a new lower-priced EV to market. The effort will work like this: