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+ - Can Crowdfunding, Fund An Electric Car Startup? ->

Submitted by Anonymous Coward
An anonymous reader writes "Crowdfunding has funded many great companies, but never an alternative energy company. GreenStar Motors an electric car startup located in New York City, has just launched their crowdfunding campaign. They hope to raise a startup capital amount of $20k. Will it work?

In the last 5 years we have seen over a dozen electric vehicle (EV) startups fail, miserably. So why would someone who has seen all these failures occur try to startup their on electric car company? Well, its 22-year-old founder Elvin, claims that he found solutions to the two biggest hurdles that electric cars face today. Elvin states, “The two biggest barriers with today’s electric cars are 1. Range anxiety and 2. Charging the in-car battery while living in a city with limited access to public charging stations. We figured out a way to both reduce range anxiety and charge the in-car battery while living in a city with limited to no access to public charging stations. (While some people believe the biggest hurdle with electric cars is the price we believe that once manufacturing scales go up, prices wil drop down dramatically)."

Those are some bold claims, but why a goal of $20k? That surely is not enough to fund such a capital-intensive venture. “We are seeking to raise $20K. While $20K won’t be nearly enough to fund our project, it will be enough to start the process of patenting, copyrighting, and trademarking our first few major innovations. We prefer to go the route of private capital. If possible we would like to avoid going the route of government loans like a few other electric car startups have done. We believe the government has enough to worry about. As far as we know we are the first car company to ever come out of New York. We are also the first EV company trying to raise funds through crowdfunding”

The future is electric. Lets not fight it and instead embrace it. Change is something that most people have trouble with, but change is what powered the revolutions that gave us the amazing, innovative technology we have today. Change will also be the driver behind the awesome, electric, smart, connected cars with 750+ mile range, of tomorrow. We are automotive enthusiast, we are committed to making the best cars on the road, but we need a bit of help from you. We can’t do it with out you!

Check out the crowdfunding campaign at: http://www.gofundme.com/LetsSaveTheWorld

(We understand that some people do not believe in global warming or dont believe its caused by humans, but whats wrong with cleaner air?!)"

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Can Crowdfunding, Fund An Electric Car Startup?

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