The Model Sondors 3-wheeled electric vehicle is the latest automotive startup to take advantage of new rules to raise funds. Sondors is using equity crowdfunding, "where a crowd of accredited and nonaccredited investors alike can invest up to $1 million in an early-stage company," according to Grant Harvey, who is working with the company on this campaign.
This particular type of crowdfunding came into being as part of the JOBS Act passed in May. It's different from the Regulation A+ stock offerings that Elio Motors used to raise funds for its gasoline-powered 3-wheeled car. Harvey worked...
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