no other info, but an update on their facebook page. just a picture of drag coefficient testing. and a link in the comments for those wanting their money returned. https://www.facebook.com/sondorselectriccar/ the blue one on the instagram page has i think, a better front. https://www.instagram.com/sondorselectriccar/
well, not here, but an announcement from him on electrek. new bike pricing, and a big announcement later this year. https://ww.electrek.co/2020/01/29/sondors-electric-for-everyone-campaign-offers-up-deep-discounted-799-e-bikes/ maybe finally the launch of his ev. won't lose any sleep, but we'll wait and see.
Hmmm, it is a sign that his bikes are not selling. Given what I see from the outside, do not hold your breadth that he will have his car any time this year. Or even next.
wasn't holding my breath. just posting his announcement. guess we'll see what happens when it happens.
actually, i think this is how the car is as well. you order and it's shipped to your door, some assembly required. keeps his costs lower i guess to make on demand. maybe find out the particulars later this year, or this will fade away. til the next news.
Bob you are sooooo Nineteenth century. Today it is You "Alexa I need a Sondors car...." Alexa "We recommend that you get better value with a Rivian.." You hang up You "Hey Google I need a Sondors Car by Breakfast tomorrow" Hey Google "One Sondors car coming up tomorrow. Do you want a Waymo taxi to go with it?"
well, in the post on facebook, was this link to request your reservation money back. https://docs.google.com/forms/d/e/1FAIpQLScA71B91cdgedciZxzrADge4Ebc5Gb93sdwRakHKBYShcp62A/viewform in case somebody here invested and wants their $100 back.
finally, some traffic on the face book page. and a link to a new page. yeah, this is gonna be awhile in the making now. https://www.startengine.com/sondors-electric-car-company?utm_source=fb&utm_medium=pt&utm_campaign=se another year or 2 and the chinese will be over here cheaper and just as good. now up to $19.5k, mostly because of a longer range battery. you can read it all there. although not bad if it has the expected 300 mile range.
This was a question on they website I think the answer was pathetic. If he had a ton developed, why not share it now when he is trying to raise money. He has not provided any details except that this contract manufacturing i.e. someone else will make it for him. He seems more in financial engineering than product development. I am sorry but I am skeptical of a car where everything is outsourced. Andrew Bushnell se owner 51 investments a day ago I have been very disappointed that as an investor I have received virtually no updates. Are there any plans to increase the frequency (or really start) updating investors? or will it again be no communication till we get another e-mail asking for money? A monthly (or even quarterly) e-mail with boring progress updates shouldn't be too much to ask for. Storm Sondors - SONDORS Electric Car Company a day ago Thank you for your support as an investor. As far as communication, I do hear you, but I personally hate companies and their PR machines spinning out useless stories and updates to fill the gap or appease investor audiences when there is no valid information to be shared. That said, there has been a ton was developed, and frankly I had to focus on the task versus communication. That said, you will certainly enjoy all upcoming communication once we close our current round and start the build of the pre-series vehicle. You will have a front seat and tons of communication that will accompany this build! So yes, we will be providing more communication to investors moving forward!
Here is a graphic from this website So here is the way I see it. He wants to sell a concept of sharing, make a few vehicles, get an annual revenue out of it, which he will use to make a few vehicles, and then get more annuity revenue from renting and insurance and continue to grow that way. He wants to be more like a hotel chain franchisor. Large hotel chains may build a hotel and then sell it to an operator. The operator is responsible for running the hotel and hotel chain gets a cut out over reservation they make. If there are not enough reservations, the hotel operator eats the cost of running the hotel. At least with a hotel chain, they will not too many hotels of the same chain or brand in one area. Unfortunately, this can turn out like a subway franchisee, too many Sondors cars in the neighborhood. So if you are expecting to generate and average of $45 per day for 200 days a year, you may end up with just an average of $20 for 30 days in a year. For that you have to pay additional insurance, you have to pay network fees, keep the car charged up etc. Now Sondors has sold the car, he does not need to provide much support (almost no warranty on his bikes), no pressure to continuously innovate and bring in new features i.e. investment in R & D etc. He gets his network fee and insurance. As their is no governance structure, so there is no control over how the shareholders are rewarded. Yet people seem to want to buy into this concept. What am I missing? I cannot see the benefit to either the buyer or shareholder. The only I see it makes sense is if you have very limited driving needs and get a tax credit (not sure it will there next year) and do not want to spend about $22,000 for a decent ICE. Beyond that, I do not see a big market for this. https://www.startengine.com/sondors-electric-car-company?utm_source=fb&utm_medium=pt&utm_campaign=se By never owning a factory and manufacturing on-demand, SONDORS keeps the overhead production cost low, purchase price affordable, and margins high. Our company is structured as a platform that creates revenue for us and for the EV owners, with owners keeping 70% of a user’s daily rental rate and SONDORS keeping 30%. Insurance for SONDORS network will also provide an additional source of revenue.
even at $16.5k it looked promising. but as you get closer to $20k, it's now competing with other small ev's on the market that are bigger and not much more money. maybe not in NA, but in euro there are. if he doesn't get something going by this summer, it's definately going to fail for the masses. it will end up a niche car like the nobe. 300 miles for $20k though beats the rest right now. but he still doesn't have production ready, as the market is getting swamped with new arrivals. i think this sondors network thing is to try and bring an excusivity to his car, which is likely to fail for lack of interest still. never know though. by the time production starts, might have some great cheap breaktrough in battey tech, dropping cost. but it will drop for all electrics on the market then. DID look promising when it debuted a few years ago. but then there are lots of little start ups still awaiting production.
Here is a bigger concern. How popular have three wheelers be in the US and other countries. I have seen many of these tuk-tuks or auto rickshaws in Asia, but not much outside of there. Will the US market really take to a three wheeled car, especially if it does not have all the safety features like airbags etc. ? If it is $20,000, you can get some new fuel efficient ICEs for that price. Yes at $10,000 it is steal for local commutes, not at $20,000.
morgans been making their 3 wheeler for what seems like a century. tuk-tuks are the other way around, single front wheel like a motorcycle. and yes, popular in asia. probably not a big market, but then people are buying the solo. which is just a smaller version with less range and about the same amenities. if it truly comes with 300 miles range, it might be a seller. but it's still 2 years off by storms own estimates. and lots will be around by then. volkswagen should have their id3 software fixed by then too. well, good luck to him. we'll see in a couple years now. it looked promising in the last year.
