Crowdfunding Electric Cars

There are already some electric car pioneers that have tried to finance their development with Crowdfunding. These crowdfunded cars are often equipped with innovative technologies or have rediscovered features that appeal to people that care for a sustainable future.

Characteristic features are for instance; lightweight aluminium chassis, ultra compact in size and variable length, three-wheeler configuration, auxiliary removable battery, solar panels on the car body, natural moss breathing air filter and bidirectional charging for energy grid storage use, or for the charging of other equipment. Another interesting fact is that the companies developing electric cars are spread over different countries in Europe and North America, but not only in traditional car producing countries.

A list of the selected cars and their characteristics are presented in the table below, and could give you a feeling for the innovative specs used in each car, and perhaps make you interested in them, or the crowdfunding of the same. The list is very likely not complete, since the brief search has probably only scratched the surface of the heap of all crowdfunded electric cars there are around today.

Most of these crowdfunded cars, found during a Google research, are more affordable short range cars, but some are more like “Super” cars. Thus the amounts of money that have been gathered in the Crowdfunding process are different in size; it seems that the more affordable electric cars are the ones that are more prone to succeed with their goals, but in some cases quite large sums have been collected for the development! Please follow the links in the table to get more in depth information about each Brand of electric car.

Table: Crowdfunded Electric Cars
[Please scroll or swipe the table and sort the columns if you need to.]

Welcome to CrowdNavigator

So, what is Crowdfunding?

Welcome to the first worldwide matchmaking site for people looking for a suitable crowdfunding model and for funders who want to invest in good projects.

Crowdfunding essentials

Crowdfunding enables people to invest and contribute monetarily in various denominations to projects they wish to support. Crowdfunding is normally done via an online tool or platform. [Vinay Dora Kandiyanallur]

Crowdfunding describes the collective cooperation, attention and trust of people who network and pool their money and other resources together, usually via the Internet, to support efforts initiated by other people or organizations. [Wikipedia/Crowdfunding Law & Legal Definition US]

Financial contributions from online investors, sponsors or donors to fund for-profit or non-profit initiatives or enterprises. Crowdfunding is an approach to raising capital for new projects and businesses by soliciting contributions from a large number of stakeholders following three types of crowdfunding models: (1) Donations, Philanthropy and Sponsorship where there is no expected financial return, (2) Lending and (3) Investment in exchange for equity, profit or revenue sharing. [Industry website]

Four types of Crowdfunding

BORROW Crowdfunding – funders microfinance projects in return for a small interest on the amount. E.g. Kiva, LendingClub.

CLICK or social button Crowdfunding – funders pay websites, blogs, videos, etc, through a social button added to the page. E.g. Flattr, Kachingle

DONATION Crowdfunding – funders pledge money in return for goodies or just goodwill. E.g. Kickstarter, Indiegogo.

EQUITY Crowdfunding – funders are offered equity stake in the company in return for capital. E.g. GrowVC, Crowdcube.