Olympian Motors
Olympian Motors, based in New York, is an innovative electric vehicle manufacturer targeting a 7% U.S. market share by 2030 with its modular vehicle and drivetrain architecture.
Company Overview
Olympian Motors is an automotive manufacturer based in New York, NY, with additional operations in Los Angeles, CA. The company specializes in electric vehicles featuring a modular vehicle and drivetrain architecture (MVDS). Olympian Motors is part of the Y-Combinator W22 batch and has a team size of 10 members. The company aims to capture a 7% market share in the U.S. automotive market by 2030.
Products
Olympian Motors manufactures electric vehicles that leverage their proprietary modular vehicle and drivetrain architecture (MVDS). The architecture is described as 'Lego-like' and comprises 4-core-hardware and 2-software modules. The Olympian Model O1 is a key product, which has already received 214 pre-orders, amounting to over $17 million in pre-booked revenue. The commercial launch of their vehicles is scheduled for Q3/2023.
Manufacturing and Production
Olympian Motors has manufacturing facilities located in Brooklyn and Detroit, with a 2023 production capacity of 320 vehicles. The company has achieved an 80% reduction in tooling and machinery costs, along with a production lead time that is approximately 60% faster. This efficiency is attributed to their modular vehicle and drivetrain architecture (MVDS). Production began in these facilities, focusing on electric vehicles with super-competitive battery efficiency in urban areas.
Sustainability and Design
Sustainability is a core focus for Olympian Motors. The company uses carbon-sequestered and recyclable materials for more than 4% of their vehicle components. Their design philosophy emphasizes aesthetics, nature, and minimalism. Unlike traditional automotive designs, Olympian Motors prioritizes the use of steel and wood instead of plastic and toxic chemicals. The vehicles feature a minimalistic cockpit powered by the Olympian Operating System (OOS).
Market and Future Goals
Olympian Motors targets a 7% share of the U.S. automotive market by 2030. The company received 214 pre-orders for its Olympian Model O1, generating over $17 million in pre-booked revenue. Early prototypes of their electric vehicles demonstrated superior battery efficiency in urban settings compared to competitors like the Tesla Model 3 and Rivian. Traffic approval from the National Highway Traffic Safety Administration (NHTSA) is pending, with a commercial launch planned for Q3/2023.