Funding Details
- Awarder
- YCombinator
- Date Award
- February 25, 2022
- Vertical
- Industrials,Automotive
- Funding URL
- View Funding Page
- Valuation
-
$0
Company Info
- Founding Year
- 2022
- Company Description
- Olympian Motors is an electric vehicle company, based in New York.
We are manufacturing electric vehicles with our innovative 'modular' vehicle & drivetrain architecture (MVDS), providing Olympian with strong cost and lead-time advantages compared to legacy automakers like Tesla and Ford.
Olympian is disrupting 120+ years old automotive industry and targeting to capture 7% market share in the U.S. automotive market by 2030.
We changed the status-quo in automotive design, and bring aesthetic, color, experience and minimalism back to the cars.
Olympian MVDS has a 'Lego-like' architecture and built on 4-core-hardware and 2-software modules. We achieved 80% reduction in tooling & machinery costs and built ~60% faster production lead time.
We aim to reinvent the car manufacturing and bringing agility, speed and cost-efficiency back to the U.S. automotive industry.
+ Received 214 pre-orders for Olympian Model O1 ($17M+ pre-booked revenue)
+ Started manufacturing our EVs in Brooklyn & Detroit facilities. 2023 capacity: 320 vehicles
+ Pending traffic approval from NHTSA
+ Modular vehicle/drivetrain + Modular manufacturing: 4-hardware + 1-sofware modules. ~60% faster production lead time. 80% reduction in tooling, fitment and labor expenses.
+ Commercial Launch in Q3/2023. Unlike other EV companies, we don't waste time/resources. (It took 9+ years for Lucid and 11+ years for Rivian to make their first shipment).
+ Super-competitive battery efficiency in urban areas (Olympian early prototypes achieved slightly better miles/kwh efficiency than Tesla Model 3 and Rivian).
+ Carbon-sequestered and recyclable materials for +4% of vehicle components.
Olympian rejects today's commoditized and banal car experience.
+ We challenge the status-quo in automotive.
+ We prioritize aesthetic, nature and minimalism.
+ We use steel and wood in Olympian cars rather than not cheap plastic and toxic chemicals.
+ We have minimalistic cockpit, powered by Olympian Operating System (OOS)
- Market
- Industrials
- Coinvestors
- YCombinator
Links