Oh and their plan indicates 1 Vehicle to a customer by the End of 2021 and real production in Q12022.
"Plan of OperationOur 12-month plan is to complete our design and validation for a production intent vehicle that we can scale production on in 2022. Our key planned activities and milestones to achieve our 12-month plan of operation includes the following:• Release all part designs for Beta builds in Q2 of 2021• Build our Betas vehicles in Q2 of 2021• Begin Test and Validation in Q3 of 2021• Begin improved Gamma design from lessons learned in Q3 and Q4 of 2021 • Sort out basic supply chain for Gamma vehicles in Q3 and Q4 of 2021• Release Gamma Body in Q3 of 2021• Start building first Gamma units in Q4 of 2021• Start building our production strategy and begin test builds with Gamma vehicles in station builds in Q4 of 2021 • Continual validation through till we build the first Delta vehicles towards the end of 2021• Deliver a vehicle to a customer by the end of the year.• Then build out our facilities and ramp up production accordingly in 2022."
They say in the annual filing they need to raise $10M to get into Production.
"The company has enough capital to last up to and through the offering, to sustain its current operations. The company has no bank lines or other financing arranged. We believe that the proceeds from the offering, together with our cash and cash equivalent balances will be adequate to meet our liquidity and capital expenditure requirements for the next 24 months. We anticipate that we will need at least $10,000,000 to reach the vehicle production stage. If these sources are not sufficient to meet our cash requirements, we will need to seek additional capital, potentially through private placements of equity or debt, to fund our plan of operations."
Oh and their plan indicates 1 Vehicle to a customer by the End of 2021 and real production in Q12022.
"Plan of Operation Our 12-month plan is to complete our design and validation for a production intent vehicle that we can scale production on in 2022. Our key planned activities and milestones to achieve our 12-month plan of operation includes the following: • Release all part designs for Beta builds in Q2 of 2021 • Build our Betas vehicles in Q2 of 2021 • Begin Test and Validation in Q3 of 2021 • Begin improved Gamma design from lessons learned in Q3 and Q4 of 2021 • Sort out basic supply chain for Gamma vehicles in Q3 and Q4 of 2021 • Release Gamma Body in Q3 of 2021 • Start building first Gamma units in Q4 of 2021 • Start building our production strategy and begin test builds with Gamma vehicles in station builds in Q4 of 2021 • Continual validation through till we build the first Delta vehicles towards the end of 2021 • Deliver a vehicle to a customer by the end of the year. • Then build out our facilities and ramp up production accordingly in 2022."