Investing
Canadian & International Investors Link:
https://www.frontfundr.com/edisonmotors
For Accredited investors only
Residents of Australia and the UK, please email eric.little@edisonmotors.ca
You do not need to submit any personal documents when investing through the FrontFundr portal.
American Investors Link:
https://app.dealmaker.tech/invitations/f47bc626-bd8f-414f-b127-0e28af61a138/view
For Accredited Investors only
INVESTORS WHO CANNOT SUPPLY DOCUMENTS WILL BE REFUNDED, AND UNABLE TO INVEST IN THIS RAISE
1. **Income Verification**: Provide documentation that shows you have earned income exceeding $200,000 (or $300,000 Household) in each of the prior two years and have a reasonable expectation of the same income level for the current year.
Acceptable documents include:
- Internal Revenue Service forms (e.g., Form W-2, Form 1099, Schedule K-1 to Form 1065, and Form 1040).
- A written representation from you that you expect to reach the necessary income level during the current year.
2. **Net Worth Verification**: Provide documentation that shows your net worth exceeds $1 million, either alone or together with a spouse, excluding the value of your primary residence.
Acceptable documents include:
- Bank statements, brokerage statements, and other statements of securities holdings.
- Certificates of deposit, tax assessments, and appraisal reports issued by independent third parties.
- A consumer report from at least one of the nationwide consumer reporting agencies.
3. **Third-Party Verification**: Obtain a written confirmation from a registered broker-dealer, investment advisor, licensed attorney in good standing, or a certified public accountant. This confirmation should state that they have taken reasonable steps to verify your accredited investor status within the prior three months and have determined that you are an accredited investor.
4. **Documentation Upload**: After signing and funding your agreement on the DealMaker platform, you will be prompted to upload the relevant documents to verify your accredited investor status.
This website (www.edisonmotors.ca/investing) with portal links below are the only way to invest. We will not post any portal links on social media.
We are pleased to share that we have successfully completed financial audits for fiscal years 2021, 2022 and 2023.
This significant milestone underscores our commitment to transparency and accountability in a complex regulatory landscape.
Click on the button links below to view relevant documents:
Investment FAQ
Is this a risky investment?
Yes, absolutely. We are a startup EV company and there’s a lot of risks built into that. Please do not invest any money that you can’t afford to lose.
On a personal note: I do not want anyone invest any money that they’re going to be worried about not having. We will survive without your investment. I don’t want anyone stressed over this. We’re a start-up. This is a very risky investment - Chace
What method are you using to conduct this investment raise?
We are using a subscription agreement following US 506(c) rules Regulation D and Canadian NI 45 106 and NI 45 110 rules
What valuation are we seeking?
Edison Motors is seeking a $200M USD company valuation.
How did you get to this valuation?
It was primarily done but comparing other EV t startups at similar stages to ourselves and their value at the time (around $700m - $4 billion). And then we reduced the amount from those other companies as we have a longer plan to get to market going slow and steady so can’t promise as fast as returns as the other guys. We’re playing it slow and safe but that does lower the comparative valuation
How much does each share cost?
$40 USD / $55 CAD
Edison Motors currently only has 5,000,000 common shares total.
In comparison, publicly traded companies typically have hundreds of millions of shares, this is why our share price is high.
Is there a minimum investment?
Yes
US Investors: $1,000 USD, or 25 shares.
Canadian Investors: $275 CAD, or 5 shares
Is there a maximum investment?
We are seeking to sell a maximum of 500,000 common shares, or approx. 10% of the company
Are there any fees or taxes associated with my purchase?
Edison Motors will add a fee to your purchase price to cover Credit Card payment processing expenses, The fee is 3.5% via dealmaker. Frontfundr Portal will charge a 2% fee to process payments.
Edison Motors cannot provide tax guidance and recommends you consult a tax professional regarding all tax questions.
Can Anyone Invest?
This private placement is open to all accredited investors, anywhere around the world. Certain qualifications do apply though.
Why are you only allowing "accredited investor’s.”?
We would love to allow everyone to invest but the government won’t let anyone but accredited investors invest with Edison Motors right now beyond our $1.5M crowdfunding campaign.
“Do I have to submit documents to prove I’m accredited?”
In Canada and International: No
In the USA: Yes
under 506c rules, you will need to prove accredited investor status. We may ask you for personal financial documents.
I am Canadian or American and not sure if I am an "accredited investor." How can I know?
An accredited investor is simply a person who meets certain income, net worth, or other criteria.
I am American and not an accredited investor. But I have the money and really want to invest. May I?
No, the platform will assist you in determining if you are considered an accredited or certified investor. There is no application or verification for eligibility. The government has these rules in place to protect investors
When do I actually own my shares, and how can I see them?
Once you sign your Subscription Agreement and complete your payment, the Edison team will be notified. Your stock purchase will be reviewed, approved and countersigned by the team within a few days. At that time you will be notified via email that your purchase has been approved. Once your payment clears, you will be granted your digital share certificate. You will be able to view and manage your holdings via your Dealmaker account at anytime.
What if my Stock Purchase is not approved by Edison?
If the portal declines your stock purchase, you will not receive shares.
What if the Private Placement closes while my stock purchase is awaiting approval by Edison, or before my payment clears?
The Private Placement may close without warning due to high demand and limited shares for sale. If this occurs, Edison Motors will decline your stock purchase. You will not be charged, and you will not receive shares.
When will I be able to sell my shares?
No time soon. Edison Motors is a privately-held company with no public market for shares. In the future, Edison Motors may seek to take the company public, allowing trading of your shares on the public markets.
May I sell my shares through secondary market platforms such as Forgeglobal?
Not at this time. Shares will be held privately by shareholders until a public offering.
Does Edison Motors pay dividends to shareholders?
No. Any profit we make is going towards growth and stability of the company
Who owns Edison Motors right now?
The founders of Edison Motors, Chace and Eric, together own a majority of the company (above 70%), and will continue to own the majority of shares at the conclusion of this Private Placement. The remaining shares are currently held by employees, contractors, volunteers and prior investors.
Are there different classes of shares in Edison?
No. There is only one type of Edison Motors share; common stock. All shareholders, including the founders as well as any participants in past and current share purchase opportunities, hold this same common stock exclusively.
Will this private placement add new shares, i.e. be dilutive?
Some shares of this private placement are shares which have been set aside by the company for sale. This will allow the company to access approx $8M USD.
beyond this, additional shares will be issued in order to reach a maximum raise of $20M USD. This issuance would result in a maximum 6% dilution of company shares.
As a shareholder, will I get a discount on a truck kit or get any other perks?
No perks or discounts currently. We value your generous support as we work our way to production.
What happens to my shares if I die?
The shares will be vested to a beneficiary. Please contact Edison Motors to update Shareholder information. Edison Motors cannot provide legal guidance and recommends you consult a professional regarding all legal questions.