Freedom Motors has leased 8,000 sq. ft. of manufacturing space that will be used initially to begin fulfilling its contract with OneH2. Over the last year our Chief Engineer has been leading a group at the OneH2 facility in North Carolina where they are testing our engine powering a genset on hydrogen. These gensets are to be installed in forklifts to be used by Amazon. FM now has firm orders, conditional orders, and letters of intent for over 3.5 million engines. The firm contract with OneH2 is for 26,200 engines. A large portion of the conditional orders are for two and three wheel motorcycle/motor scooters in Asia. It is difficult to competitively produce engines in the US for foreign orders, and therefore, we have an agreement in process to produce engines under license in Singapore for the ASEAN market (20 different countries).
We have had a problem with newsletter subscriptions, in that we were being bombarded by hundreds of bot email registrations. Most of the emails were active accounts (they were probably obtained unlawfully), and we ended up seeing increased SPAM reporting from users (our newsletter email provider tracks these statistics for us).Continue reading “Website Maintenance”
This past week we signed a partnership agreement with ALIFE Air of Singapore for manufacturing Rotapower engines for a series of 2-wheeled vehicle models. This is the same company that previously paid FM to convert one of their scooter designs to the Rotapower 150cc engine.Continue reading “New Partnership Announcement”
There have been various news reports about a fire at Paul Moller’s ranch, with a lot of inaccurate information being reported.
There was a grass fire that managed to ignite one of the outbuildings on Dr. Moller’s ranch. The building that burned was a barn that was used for storage. Most of the losses are agricultural equipment and tools, but a few historical models of Dr. Moller’s vehicles were lost as well. However no injuries occurred in the fire, and Dr. Moller’s house is fine as well.
The cause of the grass fire is still under investigation. These fires are very common in California in the summer, as the dry air and heat make the native grasses extremely combustible.
Best Regards – Dave
Hello everyone, the staff at Freedom Motors would like to wish everyone a Happy Earth Day. This year’s Earth Day theme is focused on bringing attention to threatened wildlife around the world, the majority of which is being affected by human activity.Continue reading “Happy Earth Day from Freedom Motors”
Quick update- the blog site performed a software upgrade and for some reason the commenting system on our host server seems to have been broken. For now the comments system is disabled as we look into the issue.
I apologize if you missed out on the opportunity to purchase Freedom Motors common stock through our Regulation CrowdFunding on StartEngine. Our campaign was limited to a maximum raise of $107,000, per SEC rules. However, a new opportunity to own our common stock has now emerged.Continue reading “New shareholder opportunity”
I wanted to say thank you to all our new investors who contributed to Freedom Motors through our StartEngine regulation crowdfunding campaign. We managed to hit our goal of approximately $107k, which was the maximum we could raise under The JOBS Act with our application.Continue reading “Thank you investors!”
I’ve made a few more website updates which I wanted to share, as well as a few minor changes to the blog.Continue reading “Website & Blog Updates”
We published two press releases this weekend which should go out on the wire by Monday or Tuesday. Once they are published I will include the links here, but I am also including the full text for the press releases below. Continue reading “New Press Releases”