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Key Risks
Starting a vehicle company is difficult… however, getting it right means
     Partnerships
                     huge returns for 90-100 years.
    o   Global distribution timing
    o   Dealership network franchises
    o   Joint venture growing pains

    Marketing
    o Technology adoption
    o Globally executed marketing campaign
    o Developing a strong brand
    o Creating safety feature awareness                                     Ford Model T 1908 - 1927
    o Crisis communications management
                                                                       16,500,000 Unit sales to date.
    Technology
    o Proving technology
    o Patent infringement
    o Technology theft
    o Staying innovative & prolonging product lifecycles
    o Safety: Preventing a customer fatality for the first 3-5 years

    Human resources
    o Finding the right team
    o Limited funding stalling manufacturing and hiring
    o Scaling management for employees at:
       30, 100, 400, 1000, 4000, 20,000
                                                                           Ford F Series 1948 - 2010
    Planning
    o Proving market interest                                          33,000,000 Unit sales to date.
    o Supply chain / purchase agreements
    o Final-assembly plant permits and land
    o Manufacturing / tooling defects
    o Meeting costs & technology specs at production
    o Planning for offices, equipment, and support IT
Getting it Right for $780K
                  De-risking an overserved market early
              with disruptive technology that scales globally.
Partnerships
o Global distribution timing
o Dealership network franchises
o Joint venture growing pains

Marketing
o Technology adoption
o Globally executed marketing campaign
o Developing a strong brand
o Creating safety feature awareness
o Crisis communications management                                             Lit Motors C-1 2014 - 2084
                                                                           340,0000 Unit sales 2017.
Technology
o Proving technology
o Patent infringement
o Technology theft
o Staying innovative & prolonging product lifecycles
o Safety: Preventing a customer fatality for the first 3-5 years

Human resources
o Finding the right team
o Limited funding - stalling manufacturing and hiring
o Scaling management for employees at:
   30, 100, 400, 1000, 4000, 20,000
                                                                            Lit Motors C-Series 2016 - 2086
Planning
o Proving market interest                                          1,000,000 Unit sales/yr in India & China
o Supply chain / purchase agreements
o Final-assembly plant permits and land
o Manufacturing / tooling defects
o Meeting costs & technology specs at production
o Planning for offices, equipment, and support IT
Engineering: Vehicle architecture & packaging for
              component placement

Design: Validated exterior design & user experience

Media: Generated media interest

Marketing: De-risked market liabilities – MVP
& 82 pre-orders (8 months)

Hiring: Made the product “real” for future employees

Financing: Fundraising
QUALITATIVE MARKET RESEARCH




AS OF 07/26/12
Engineering: Electrical/Mechanical system architecture
& full-scale driving prototype

Manufacturing: Projected BOM & accurate vehicle
        weight (IND/CHN)

Media: 500% increase in media interest

Marketing: Made product “real” for potential consumers
& 63 more pre-orders (2 months)

Hiring: Top-level engineering & biz dev employees

Financing: Credibility for institutional fundraising
Daniel Kim - 2012 Lean Startup Conference
Daniel Kim - 2012 Lean Startup Conference
Daniel Kim - 2012 Lean Startup Conference
Daniel Kim - 2012 Lean Startup Conference
Daniel Kim - 2012 Lean Startup Conference
Daniel Kim - 2012 Lean Startup Conference
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Daniel Kim - 2012 Lean Startup Conference

  • 1.
  • 2. Key Risks Starting a vehicle company is difficult… however, getting it right means Partnerships huge returns for 90-100 years. o Global distribution timing o Dealership network franchises o Joint venture growing pains Marketing o Technology adoption o Globally executed marketing campaign o Developing a strong brand o Creating safety feature awareness Ford Model T 1908 - 1927 o Crisis communications management 16,500,000 Unit sales to date. Technology o Proving technology o Patent infringement o Technology theft o Staying innovative & prolonging product lifecycles o Safety: Preventing a customer fatality for the first 3-5 years Human resources o Finding the right team o Limited funding stalling manufacturing and hiring o Scaling management for employees at: 30, 100, 400, 1000, 4000, 20,000 Ford F Series 1948 - 2010 Planning o Proving market interest 33,000,000 Unit sales to date. o Supply chain / purchase agreements o Final-assembly plant permits and land o Manufacturing / tooling defects o Meeting costs & technology specs at production o Planning for offices, equipment, and support IT
  • 3. Getting it Right for $780K De-risking an overserved market early with disruptive technology that scales globally. Partnerships o Global distribution timing o Dealership network franchises o Joint venture growing pains Marketing o Technology adoption o Globally executed marketing campaign o Developing a strong brand o Creating safety feature awareness o Crisis communications management Lit Motors C-1 2014 - 2084 340,0000 Unit sales 2017. Technology o Proving technology o Patent infringement o Technology theft o Staying innovative & prolonging product lifecycles o Safety: Preventing a customer fatality for the first 3-5 years Human resources o Finding the right team o Limited funding - stalling manufacturing and hiring o Scaling management for employees at: 30, 100, 400, 1000, 4000, 20,000 Lit Motors C-Series 2016 - 2086 Planning o Proving market interest 1,000,000 Unit sales/yr in India & China o Supply chain / purchase agreements o Final-assembly plant permits and land o Manufacturing / tooling defects o Meeting costs & technology specs at production o Planning for offices, equipment, and support IT
  • 4.
  • 5. Engineering: Vehicle architecture & packaging for component placement Design: Validated exterior design & user experience Media: Generated media interest Marketing: De-risked market liabilities – MVP & 82 pre-orders (8 months) Hiring: Made the product “real” for future employees Financing: Fundraising
  • 6.
  • 8.
  • 9.
  • 10. Engineering: Electrical/Mechanical system architecture & full-scale driving prototype Manufacturing: Projected BOM & accurate vehicle weight (IND/CHN) Media: 500% increase in media interest Marketing: Made product “real” for potential consumers & 63 more pre-orders (2 months) Hiring: Top-level engineering & biz dev employees Financing: Credibility for institutional fundraising