Olympian Motors

An EV James Bond Would Drive

Company Information

Website:

https://olympianmotors.com/

Sector:

Automobile Manufacturing

Location:

New York, NY

If James Bond ever drove an electric vehicle, it might be one created by Olympian Motors.

This company is re-thinking how EVs are built and designed. Unlike EVs made with cheap plastic and an excessive number of touch screens, Olympian’s vehicles feature a simple, elegant design, and are made with steel and wood. As the company describes, it manufactures EVs with “class and aesthetics.”

Olympian is backed by several notable investors, including Y Combinator, Soma Ventures, Climate Capital, Mobility Vision Fund, and Columbia and Stanford University. And its team features former leaders from Tesla, Ford, Qualcomm, Apple, and Toyota.

The company has received nearly 300 pre-order deposits for its initial vehicle, the Model O1, creating a seventeen-million-dollar revenue pipeline. Test drives of the O1 have already started in Brooklyn, New York, and the company is planning for a full commercial launch next quarter.

Team Background

Adam Ruddle - Head of Vehicle Engineering

Adam has a wealth of experience in the automotive industry.

Early on, he was an engineering manager with Gibbs Technologies, a company designing an amphibious vehicle capable of traveling on water and land. From there, he became Chief Engineer with Bluebird Automotive, a company developing electric urban-delivery vehicles.

Later on, he became Chief Engineer with The London Taxi Company, a UK-based company creating new vehicles. He then became engineering manager of special projects at Tesla, where he helped develop the Tesla Model S and Tesla submarine vehicle.

More recently, Adam was Head of Vehicle Engineering at Independent Electric Vehicles, an EV-related startup. After that, he was Vice President of Chassis Engineering with Xos Trucks, a similar automotive-focused business.

He earned a Bachelor’s degree in Mechanical Engineering from The University of Salford.

Eren Canarslan - Co-Founder & CEO

Eren is an ex-venture capitalist and electronics engineer turned entrepreneur.

Prior to starting Olympian Motors, he worked at Qualcomm, a semiconductor manufacturer, working in the company’s Snapdragon Automotive division, which focuses on products to help automakers create more “connected” cars. Before that, he was a venture capitalist with Tekfen Ventures, a company investing in early-stage technology and robotics startups.

Earlier in his career, Eren was an investment-banking analyst, and started out as an electronics engineer with Ford Motor Company.

He earned a Bachelor’s degree in Electronics Engineering and an MBA from Columbia Business School.

Jasmine Sungu - Co-Founder & Head of Operations and Strategy

Most recently, Jasmine was a senior manager with Cisco, a telecommunications company. Before that, she was a senior-managing consultant with Ernst & Young, a consulting company, where she led a large-scale EV manufacturing/supply chain project. She held a similar role prior to that with IBM.

Jasmine began her career as an analyst with Bank of America. She earned a Bachelor’s degree in Economics from NYU.

Co-Investors

Raising
$3.5 million
Committed
$56.1K (2%)
Current Valuation
$70 million Cap / 0% Discount
Min. Investment
$500
Deal Type
Title III
(For all investors)
Offering Type
SAFE
Finance History
  • $2.445 million
    2022-06-01
    Unknown
Notable Investors
Learn more on WeFunder