randi
12-03-2008, 01:08 PM
The last two months has seen continued development of our concept to produce a vehicle for an entire new segment of the American transportation market. And as our work continues, so does the discussion and debate in Washington. My sense is that there is truly a desire for a new generation of mobility that will move past old ways of doing business and develop fresh, relevant, new transportation solutions. My belief continues to be that our venture is absolutely the right vehicle at the right time.
This is the first bit of news on which I’d like to provide an update. We are going to be changing the name of both our company and our vehicle. This is due to the fact that some other corporations have used derivations of the Venture name, and in order to maintain a clear and unchallenged position, we decided that now is the right time to introduce a new corporate name and vehicle identity.
Over the last few months, we’ve challenged ourselves to define a new identity that reflects our desire and work to define a new segment of urban transportation for the way America is living today….more aware, more responsible but no less passionate about the experience of driving and enjoying every mile of the trip.
Our new identity will be introduced on December 8 and I invite you to stay tuned to this site for all the details.
Next, I wanted to provide an update on financing. As you know it has been some time since our initial Series A investment. NGEN has continued to support the company financially over the past year, and now will begin to look at a follow-on round to fund the company through the critical pre-production development program. These are definitely challenging times to be fundraising, but this is a great product, as evidenced by your enthusiasm and the number of pre-registered purchasers on the website.
Now, here’s a brief update on our development program. Our team’s primary attention continues to focus on the arduous task of developing the chassis and powertrain. They are prioritizing the best sustainable advanced technology available with the least risk. In addition, hundreds of components and sub-systems are being evaluated with sourcing decisions being made to meet the important goal of delivering the highest quality ownership experience at our target price.
All of this is leading us to closing in on “freezing” the final production design. A full size exterior show model has been developed and the final interior design is nearing completion.
I have one last piece of important news. As we continue to organize our company, and evolve the concept, we recognize that we are defining a new class of vehicle for the urbanation of America. This is a vehicle with standout design and performance equally at home traveling in the carpool lane as it is carving through your favorite country road. It's as appropriate in the congested environment of the city as it is navigating traffic in the suburbs. It is a class of vehicle that literally doesn’t exist today so we have coined a new term for it, the Urban Life Vehicle (ULV). You will see us referring to our vehicle as a ULV in the future.
I would like to thank you again for your interest and reiterate my promise that we are working to develop a bold new path to future mobility. Your continued interest and support provides the vital fuel we need to get there. Keep those comments and thoughts coming.
Steve
Posted: 2008-12-03 10:45:33 # (http://flytheroad.com/blog/forums/topic.php?id=892&page=5#post-21439)
This is the first bit of news on which I’d like to provide an update. We are going to be changing the name of both our company and our vehicle. This is due to the fact that some other corporations have used derivations of the Venture name, and in order to maintain a clear and unchallenged position, we decided that now is the right time to introduce a new corporate name and vehicle identity.
Over the last few months, we’ve challenged ourselves to define a new identity that reflects our desire and work to define a new segment of urban transportation for the way America is living today….more aware, more responsible but no less passionate about the experience of driving and enjoying every mile of the trip.
Our new identity will be introduced on December 8 and I invite you to stay tuned to this site for all the details.
Next, I wanted to provide an update on financing. As you know it has been some time since our initial Series A investment. NGEN has continued to support the company financially over the past year, and now will begin to look at a follow-on round to fund the company through the critical pre-production development program. These are definitely challenging times to be fundraising, but this is a great product, as evidenced by your enthusiasm and the number of pre-registered purchasers on the website.
Now, here’s a brief update on our development program. Our team’s primary attention continues to focus on the arduous task of developing the chassis and powertrain. They are prioritizing the best sustainable advanced technology available with the least risk. In addition, hundreds of components and sub-systems are being evaluated with sourcing decisions being made to meet the important goal of delivering the highest quality ownership experience at our target price.
All of this is leading us to closing in on “freezing” the final production design. A full size exterior show model has been developed and the final interior design is nearing completion.
I have one last piece of important news. As we continue to organize our company, and evolve the concept, we recognize that we are defining a new class of vehicle for the urbanation of America. This is a vehicle with standout design and performance equally at home traveling in the carpool lane as it is carving through your favorite country road. It's as appropriate in the congested environment of the city as it is navigating traffic in the suburbs. It is a class of vehicle that literally doesn’t exist today so we have coined a new term for it, the Urban Life Vehicle (ULV). You will see us referring to our vehicle as a ULV in the future.
I would like to thank you again for your interest and reiterate my promise that we are working to develop a bold new path to future mobility. Your continued interest and support provides the vital fuel we need to get there. Keep those comments and thoughts coming.
Steve
Posted: 2008-12-03 10:45:33 # (http://flytheroad.com/blog/forums/topic.php?id=892&page=5#post-21439)