Please see a list of answers to any further questions you may have.
Frequently asked questions
Are there liquidity options for investors currently?
Currently we do not have liquidity options as we’re still in production mode gearing up to go to market. We will update once our products are in the hands of our fleet customers and consumers.
Are you planning an IPO?
Yes, but as of right now we are focused on getting our product to market. IPO is a goal. We just can’t put a date on it.
Where are you at in production currently?
Currently we have a working XP platform prototype and we will have our truck prototype finished by latest early 2021. But our platform is set to go to production.
What partnerships have you built so far and are there any pre-orders on your products?
We currently have verbals from numerous big up-fitter companies as well as industrial companies wanting our technology to power their vehicles, whether that is mobility or industrial machinery.
With all the things going on with EV’s, how will you compete with all the other companies coming into the marketplace?
We are not focused on what every other company is doing. Sure, they matter to some extent, but we are laser focused on our products and the capabilities we are bringing to the market. We are not looking at the competition and saying we are going to do it better. We are looking at the competition and saying we are going to do it different.
Why are you raising $25 Million?
This next round of funds will get us from concept and design (where we are today) to a fully tested and validated production-ready prototype with manufacturing line equipment ready and production started. Our goal is to raise $25 Million, which will be enough to hire the team of people we need to build production-ready prototypes of the XP Platform, XT Pickup Truck, and advanced 1.5MW charging station. It will also get us all the materials, equipment, and machinery we need to get us to production.