Today we dive into reservations, deposits, and how we are developing the business at ATLIS.
Mark Hanchett, founder and CEO of ATLIS motor vehicles going to talk about reservations.
What is a reservation for an XT pickup truck or perhaps an XP platform mean here at ATLIS motor vehicles? we look at that as your opportunity to raise your hand and say. “I’m interested in this. I want to learn more as you guys continue to develop it. and I want to reserve my place in line.”
All the deposits are refundable. it doesn’t necessarily mean you’re committed to that actual reservation. it doesn’t make sense for us to ask you to fork over the capital from that particular standpoint. the way atlas is developing our business we raise funding uh through regulation crowdfunding like reg a funding reg cf funding as we’ve done in the past.
That’s a much better opportunity for you to put money into the company if you believe in the vision. become an angel investor become a venture capitalist investor at the earliest days of an automotive startup or an automotive technology company an ecosystem company like ATLIS motor vehicles. that’s your opportunity to get in early. and grow with us over the years as we continue to progress.
What does a reservation mean?
A reservation means you’ve raised your hand. that solidifies your place in line so in the future as we get closer to production and we start producing the XT pickup truck or various other products that perhaps you’ve reserved in future offerings that we plan on doing. that’s your place in line. and as it gets to that point when you’ve ready to make your buy decision. and we start shipping products over the next couple of years. that’s your opportunity to raise your hand and say okay I’m ready to go you put your deposit down then you configure the vehicle.
We set production dates and delivery dates for you we think it’s important to take deposits then when we’ve got the physical product. it’s starting to roll off the production line. you’re depositing money to solidify that reservation place or place that order then. that sets a production date that sets a delivery date for you.
How do they handle the priority of reservations?
Ao, it’s a first come first serve basis. however, there is a slight caveat to that our original reg cf regulation crowdfunding investors through our first two campaigns. they do take priority as part of the perks of those particular campaigns.
But I wouldn’t look at that as necessary, it’s going to result in a long delay for anybody who didn’t quit or wasn’t able to participate in that.
ATLIS has got 38,000 reservations soon those first ones will go out in the first couple of or the first year of sort of volume production, and of course, we’ll roll that out over the second year of volume production.
Currently, to date, we are still planning from a timeline perspective to start ramping up production in 2022 and then through 2023 and 2024. and that’s reservations. that’s investments here at ATLIS motor vehicles.
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