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Winter 2022Industrials

Olympian Motors

Manufacturing modular electric vehicles with style

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About Olympian Motors

Olympian Motors is an electric vehicle company, based in New York. We are manufacturing electric vehicles with our innovative 'modular' vehicle & drivetrain architecture (MVDS), providing Olympian with strong cost and lead-time advantages compared to legacy automakers like Tesla and Ford. Olympian is disrupting 120+ years old automotive industry and targeting to capture 7% market share in the U.S. automotive market by 2030. We changed the status-quo in automotive design, and bring aesthetic, color, experience and minimalism back to the cars. Olympian MVDS has a 'Lego-like' architecture and built on 4-core-hardware and 2-software modules. We achieved 80% reduction in tooling & machinery costs and built ~60% faster production lead time. We aim to reinvent the car manufacturing and bringing agility, speed and cost-efficiency back to the U.S. automotive industry. + Received 214 pre-orders for Olympian Model O1 ($17M+ pre-booked revenue) + Started manufacturing our EVs in Brooklyn & Detroit facilities. 2023 capacity: 320 vehicles + Pending traffic approval from NHTSA + Modular vehicle/drivetrain + Modular manufacturing: 4-hardware + 1-sofware modules. ~60% faster production lead time. 80% reduction in tooling, fitment and labor expenses. + Commercial Launch in Q3/2023. Unlike other EV companies, we don't waste time/resources. (It took 9+ years for Lucid and 11+ years for Rivian to make their first shipment). + Super-competitive battery efficiency in urban areas (Olympian early prototypes achieved slightly better miles/kwh efficiency than Tesla Model 3 and Rivian). + Carbon-sequestered and recyclable materials for +4% of vehicle components. Olympian rejects today's commoditized and banal car experience. + We challenge the status-quo in automotive. + We prioritize aesthetic, nature and minimalism. + We use steel and wood in Olympian cars rather than not cheap plastic and toxic chemicals. + We have minimalistic cockpit, powered by Olympian Operating System (OOS)

Quick facts

YC Batch
Winter 2022
Founded
2021
Headquarters
New York
Team size
10
Industry
Industrials • Industrials -> Automotive
Tags
consumer, manufacturing, climate, transportation, electric-vehicles
Website
olympianmotors.com
Profiles
LinkedIn · Twitter · Crunchbase

Founders

Jasmine Sungu
Founder
Previously a Business Development Lead at Cisco. Prior to that, Jasmine worked at IBM & EY as a managing consultant in the automotive and mobility industry. She started her career at Merrill Lynch as a BD analyst. She ho…
Eren Canarslan
Founder
Building the next-generation electric vehicles at Olympian. Prior to Olympian Motors, Eren was working at Qualcomm, focused on autonomous driving, electric vehicles and satellites. Previously, Eren worked at multiple VC…

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