Fund Raising Launched

Hello Everyone,

After several months of hard work by everyone at Freedom Motors, I am happy to announce that our fund-raising campaign on StartEngine is now live.  Everyone now has the opportunity to share in our success as we push forward into new markets with our engine technology.

To find out more and take advantage of this time-limited campaign, please visit our funding portal through this link:

https://www.startengine.com/freedom-motors

Per S.E.C. regulations, I cannot answer any questions related to this offering on this blog.  If you have questions, they must be submitted on the StartEngine portal.

A few other additional news items to share with you all.  Our corporate partner in Canada has received our 530cc Rotapower engine and last week they have started assembling the prototype biogas generation system.  We expect that initial assembly and testing phases will take 1-2 months before it is installed at the biogas production site.  After which, there will be a 3 month testing period where we monitor and collect data on the engine performance while running on the unfiltered biogas from the site.  We are excited about the project and cannot wait to see how our engine performs, as well as what kinds of issues we will need to address.  Our long term goal is to develop the knowledge and experience for a production version of this system.

On a bit of a sour note, I have to inform everyone that we have decided to pull out of the CleanTech OPEN this year.   Our CTO adviser was unable to continue with our company, and we felt that our current business initiatives were incompatible with the Lean Launchpad methodology that was being applied to the Cohort members.    There were other reasons, a major one being that we were being ask to completely disconnect from our affiliated company Moller International, which made it impractical for us to continue with the program.  We learned a lot, but in the end I think we are going to have far more business opportunities going forward with our new team members.

We have a lot of exciting business initiatives in progress that we will be sharing details about in the coming weeks, so watch the blog for new updates!

Best Regards – Dave

22 thoughts on “Fund Raising Launched”

  1. Greetings for the startup and thank you for developing this enterprise! I’m totally certain that this will be the ecoengines of the future worldwide.

  2. David,

    I am bound to say that I am dubious of your fund raising outcome.

    Having invested may thousands of pounds (sterling) into Skycar I found the reality of the Moller statements of action were consistently not followed through, much hyped test flights never happened and the whole operation became something of an embarrassment. Consequently my and others investments are now worth “the square root of bugger all”. Investors no longer receive anything like and update on how the skycar project will be salvaged with the last web based update being more focused on the engine manufacture for which skycar share holders have no stake. The skycar concept has become stale and past its shelf-life. Whereas I fully expect that in the near future there my be “sky-cars”, I have no belief that there will ever be a Moller skycar, it has lost all credibility.

    I find it difficult to get excited by the above proposal and find it even more difficult to understand why any lucid investor would take any of this seriously.

    As a foot-note I note that you have indeed received some investments, this clearly gives weight to the adage “A fool and their money are soon parted”….

    1. I am one of the larger investors in Skycar – I am happy with the persistence of Dr Moller and the company and understand fully how startups success depends on the persistence. I understand also that all the real Moller investors got their share of Freedom Motors when the companies split. And I have high hopes for Freedom Motors. The engine is spectacular and has so many different outstanding qualities I can not understand it can fail.

      1. Luckily Moller International was built on fans like you. Those who just blast past half a century of poor decisions as if wearing blinders. Good for you! Yes. One can commend Dr Moller on his persistence, but the way things have been handled recently makes me wonder if the Skycar is still part of the plans. The last two years we have seen hundreds of new personal VTOL designs with some models actually reaching the flight line. Funny that with this new surge of interest Moller International decides to crawl into the woodwork.

        1. The Skycar and the Neuera are still very much in the cards. The only issue, as everyone should be aware, is that Moller Intl ran completely out of capital in 2017 and has reluctantly idled. The company is still actively pursuing potential JV development agreements for the Skycar and/or Neuera with corporate partners, but the upgrades that were happening (Skycar conversion to hybrid, and Neuera flight control systems & exhaust systems upgrades) to both prototype vehicles have been put on hold. We have estimated between $250k-500k to get the Neuera flying again, and $1-2 million for the Skycar. However until Moller Intl receives that funding, they cannot pursue further development.

          Investment in Freedom Motors is not a direct investment in Moller Intl. However, success of Freedom Motors is absolutely essential to the success of Moller Intl, because FM is the sole provider of the Rotapower engines for both aircraft.

          Our goal with Freedom Motors is to make it successful, develop several product lines and production capability to meet the demand we continually receive but are unable to meet. Moller International plans to fly the Neuera as soon as possible, once they receive the funding to do it, and they are still pursuing that option. The Neuera is cheaper to get flying as they have all the parts and components to finish the upgrades. As well, it is the easier craft to get FAA approvals (See KittyHawk Flyer) and they have an immediate market potential (recreational, search/rescue, law enforcement, paramilitary).

          1. I understand the reasoning behind your current decisions, but the timing couldn’t have been worse. Now, finally when every Tom, Dick and Harry is building Personal VTOL’s, the Skycars are put in the back seat.

            I also understand why you would push the Neuera because of the reasons you give above, but to me the Neuera is just ‘another one’ of the proposed VTOLs seen in the media each day. In fact, if I had to choose between running and maintaining 8 Rotary engines and 8 electric motors, I would rather go for electric motors even if flight times are much shorter.

            The Skycar on the other hand, if able to perform as claimed, is worlds apart from the bulk of designs out there. None of these current e-VTOL designs will match it in terms of range, speed and versatility. And I think for these three things the Skycar will be ‘forgiven’ for not being electric. The Neuera may struggle to find this ‘forgiveness’ as it’s uses, speed and maybe even thirst for energy will put it right in the middle of the electric competition. The advantage of better range may be offset by it’s disadvantages.

          2. Hey Pete,

            Moller does not see the Neuera/Firefly as a competitor for air-taxis, it would operate in completely different markets. It’s not designed for long flights/long operational time. Its use is more for utility purposes, like as a heavy-lift done or a piloted vehicle for search/rescue. An electric vehicle would never be able to meet the performance characteristics of the Neuera when running on a carbon neutral fuel like Ethanol. A farmer could fly it for an hour over a field with a 600 lb payload, and land it, fill the fuel tank in five minutes, and launch it again. There is no electric vehicle with this capability. Remember the energy density of Ethanol is 10x the VERY BEST prototype Li-ion batteries out there.

            Development of an FAA approval for any of the eVTOL air taxis will take many years. Uber wants a path in 5 years, FAA is saying no way. We will see how that battle plays out, but until you have a path for regulatory approval, these vehicles will remain in R&D for quite a while. That’s one reason Kittyhawk established a separate company, Zephyr Airworks in New Zealand, so they could bring the Cora to market faster. (Any US company, even if selling aircraft in another country, still has to meet FAA regulatory approvals).

            Moller sees a faster path in the FAA certification process with the M100 or M200. The M400, because of its weight, would have a much longer and harder path to certification, unless rules are updated. I am watching closely to see how this all plays out.

            1. “Moller sees a faster path in the FAA certification process with the M100 or M200”.
              I really, really, really hope this isn’t another reference to LSA rules. Contrary to what Dr Moller always tell reporters I think other posters on various sites where Moller is discussed have pointed out that current LSA rules disqualifies any of Moller’s proposals no matter how light the aircraft is. Just the fact that it is VTOL and multi-engined already throws it out. And ‘we are working with the FAA’ doesn’t mean people can suggest that it will fit in the LSA rule book. It is misleading to make such statements. LSA VTOL rules at this stage is still fiction.

              1. Correct. Nothing would qualify under LSA. The Neuera falls under a different power lift aircraft category. They started the process of certification in 2016. Next step is a full aircraft inspection once the upgrades are completed. But that won’t happen until it is funded.

    2. I totally understand the disappointment in the Skycar and Moller International’s ability to bring the VTOL technology to the market. I personally own more than 1 million shares of Moller stock that I purchased long before I joined Freedom Motors, so I do have “skin in the the game” for Moller’s success. I have my own opinions about business decisions that were made in the past, but hindsight is always clearer when scrutinizing decisions that were made in the past with the information and knowledge they had. Because of that, I hate to be critical of those decisions because Moller International had many smart and dedicated people that were able to get the Skycar flying in initial tests (and the Neuera!) long before drone technology became a widespread phenomenon. Imagine, the original control system for the Neuera used no computers – it was all gyroscopes, accelerometers and analog circuits that maintained flight stability during those 1970 and 1980 flights. The Skycar computers used for flight stability were custom built by Moller engineers, because these systems did not exist in those early development days. It always has seemed that the Skycar development was decades ahead of its time.

      Our goal with Freedom Motors is to make it a successful independent company, not reliant on Moller International’s success or failure. This fund raising effort is just one of many initiatives we are pursuing in parallel in this effort. As many people know, I originally came on board to try and take advantage of the cryptocurrency/ICO craze to raise money for the company. When it became obvious that this would be too large a challenge, we turned to Title III of The JOBS Act. It is not a perfect solution, as our goal is to create a sustainable business around the engine technology. Title III will help sustain us in the short term while we develop business opportunities with the current effort spearheaded by Dr. Paluru.

      I will not make any promises, and it is obvious the challenges are daunting. But I would not be here, and Dr. Paluru would not be here, if we did not see a major opportunity for this technology right now. There are opportunities in the energy industry for Freedom Motors that did not exist until recently, and it revolves around the cleanup of our society’s electrical generation. Dr. Paluru and I will be working hard to build successful projects and bring in capital investment in this space, and we will be doing our best to make it successful.

    3. Andrew,
      You took the words right out of my mouth. I bought shares in Moller International. I participated in their past crowdfunding attempts (that both failed). Heck, I wore my MI polo shirt just last friday and drank beer out of my MI beer mug this week-end, but any hope I had of MI or FM actually succeeding and being part of the future of transportation is completely gone. 100%.

      1. Andrew and Pete,
        You invested in the very viable and cutting edge skycar dream. It was based on technology “decades ahead of its time”, but the decades have long since passed and none have frequented airports. In 1986, thirty one years ago, I visited Paul Moller and his engineer Jack. I considered back then ordering a kit plane or a thrust pod were both great ideas. I ended up securing OMC engines myself, but it was from the brilliant PMs idea. What I saw in the next two decades was that the public attention produced was dozens of “investors” and that side tracked and fragmented PMs dream. I was hopeful that something would come out of the wind tunnel, relentless testing and that the 400 would not die in the laboratory, but just the opposite happened. Meanwhile I watched as my rotary business rebuilt almost 3000 Wankel engines, air cooled, OMC, Sachs NSU, Suzuki, MAC 10 and of course mazda engines.
        Despite a staggering amount of money being thrown at the MI/FM companies, no finished and affordable units, nor multiple units of even a single product, not even a personal experimental flying car was “shook down” by PM or brought to the skies. It was instead a hope of bringing bigger, better and more to the “market place”.
        No doubt the concept was a great idea and still is.
        My humble suggestion to Paul Moller is this, redeem yourself by pouring yourself into something that is 80% complete by making one, and only one, of your cutting edge life long dreams fly- the 400. Do it for yourself and put it in the books as your viable idea that actually flew in and out of airports. If not you will forever be known as a great entrepreneur with an brilliant idea that never did anything except produce funding.

    4. I have been an investor from the early years with the promise from Paul Moller that this will be my retirement…. I advised him to utilize the engine, and that the slycar would be an unlikelihood to fly
      when there were so many wonderful possibilities for the engine itself. I’ve followed Moller’s dream far too long. I will likely be deceased and perhaps my heirs will gain a few dollars. From the Milk Farm to one error after another… I am that “fool whose money with Moller and ‘Greedom Motors have parted”, long ago. I have no faith in an old friend who has let all of us investors down with one sly scheme after another….

  3. Dumb question.. who was our CTO advisor? Anyway, I have to say, I’ve been disappointed several time with effort in the past. However the new direction and efforts seems to be on a better footing and will be more successful. I love the video, very professionally done and the campaign looks like it has some legs to it… already at over 20k raised so far.

    I really hope that this success will trickle over to Moller motors. Would love to see Moller succeed in his dream. All that persistence should pay off.

      1. You mention a “CTO adviser” in your original blog entry and now you say “I have not heard of a ‘CTO adviser’ “…WTH?

        1. Oh, sorry! I was thinking “advisor to the Chief Technology Officer” when I saw your comment without context. Since I didn’t know of any pervious CTO in the company I was confused. I apologize for that.

          You are referring to our assigned mentor in the CleanTech Open. His name was Jim Tietz.

  4. Well done!! Lets hope both FM and MI take off with this as just the begunning.
    As to MI and the skycar, we have to remember the old saying that “Past performance is no indicator of future results”. It works both ways. So, well done Dave, and here’s hoping Dr. Moller’s persistence pay’s off and he achieves his lifelong dream, and Dave’s MI shares become worth several million dollars. 🙂

  5. Kind of sucks with the min investment still being out of my reach, I have looked into investing in FM a couple times to go along with my MI stocks but there is always a min investment more then I can afford……

    1. Hi Vern, I cannot respond to your comment on the campaign here (SEC rules), but if you post it on the bottom of the StartEngine campaign page I will be happy to respond.

      The Congressional intent of the JOBS Act is for all investors to have access to the same information, hence the restriction.

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