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Logo of Revolution Race Cars

Revolution Race Cars

Building the Best Race Car on Earth to bring Top Tier Motorsport to the Masses.
B2B B2C Automotive
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Featured image of Revolution Race Cars
$213,614
17% raised of $1.23M max goal
85
Investors
32 hours
Left to invest
Invest in Revolution Race Cars
$250 minimum investment · Deal terms
Pitch Discussion 23 Updates 3 Reviews 16
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Join the motorsports Revolution Market Revolution Transcends Cost vs. Performance Product Expanded product offering About Revolution Race Cars Strong foundations A Revolution is Born Traction How we Make Money Funding Fans
About Team Press FAQ Risks Discussion

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by Cabotage Corporation . View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
Subscription Agreement Revolution Race Cars Form C.pdf
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Hear from some of the 85 investors in Revolution Race Cars


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Highlights


  • A race car manufacturer changing the face of global club motorsport
  • Bringing leading tech and safety standards to broader motorsport community
  • Founded by Radical’s co-founder Phil Abbott and top motorsport veterans
  • Active in global racing, from the US to the UK and Canada
  • Carbon fibre chassis, track-ready with low cost of ownership and upkeep
  • 55+cars sold worldwide, scalable business model with U.S expansion underway
  • Over $14m revenue generated since inception

Join the motorsports Revolution


A decade ago, Formula 1 was nearly invisible in the US. Now it draws record crowds, millions of viewers, and big money. Yet the thrill of racing has been reserved for the wealthy—until now.

Revolution Race Cars is on a mission: make high-end racing accessible to more than just the rich.

Founded by Phil Abbott—the genius co-founder behind Radical Sportscars—Revolution designs and manufactures award-winning race cars that deliver Le Mans Prototype performance, safety and technology for a fraction of the cost.

With a ground-breaking carbon-fibre chassis, blistering performance, and a growing line-up of cars, we’re not just chasing the market—we’re redefining it.

Opportunities are limited. Join the Revolution.

Market


The global motorsports market is shifting into high gear

Formula 1 racing is rapidly growing in the U.S., with viewership doubling in just five years and now surpassing one million fans per race, primarily fueled by Netflix’s "Drive to Survive." This excitement is helping expand the motorsports market from $7.9 billion in 2024 to nearly $19 billion by 2033.

As racing becomes more popular, so does the demand for affordable, high-performance track-day cars. Our focus on providing quality, Le Mans prototype-style vehicles positions us strongly to benefit from this rising enthusiasm among amateur drivers and racing fans.

Revolution Transcends Cost vs. Performance


Traditionally, higher speeds mean higher costs—but Revolution shatters this misconception. Revolution drivers achieve top-tier racing performance for over 50% less cost than the competition. Its competitive purchase price and remarkably low running costs open the door to an underserved market of track-day enthusiasts and racers who want affordable, high-performance cars without sacrificing safety and durability.

Thanks to race-proven reliability, engineered for rigorous competition, the Revolution cuts long-term expenses by as much as 75% compared to modified road cars, ensuring greater enjoyment, dramatically reduced downtime, and stronger long-term value retention.

Product


A-One: The first Revolution

  • 55+ sold through a network of dealers in 11 counties around the world.
  • The Revolution A-One: A carbon fiber chassis powered by a 3.5L V6 Ford engine, offered in two variants the normally aspirated 427 or supercharged 500 EVO.
  • Offers aerodynamic downforce and Le Mans Prototype-level performance, priced at a fraction of the cost of GT and LMP race cars.

  • Designed for both amateur drivers and seasoned racers, offering a professional-grade experience without the price tag.

  • 500 EVO is refined from 2 years supporting and observing 500SC customers worldwide, giving the company a clear path to raise the level of performance even higher. 

Expanded product offering


A-Two: Redefining prototype race & track day cars again! 

Competitive Price Point: With innovations in design and simplified construction, the first car built on the A-Two chassis, the “300”, will retail for ~ $125,000, perfectly priced to attract racers, track day drivers, & race schools to support volume sales.

Cockpit: Introducing a first-of-its-kind cockpit combining the best of both worlds between open & closed top prototype racing.

Carbon Monocoque: The only car in its class & price point with a carbon fibre safety cell, providing top-tier protection. One of the safest cars in its category.

Sustainable: 80% less energy in composite manufacturing & developed to run on synthetic fuels.

Pathway to Le Mans: A cost-effective entry into prototype racing for aspiring professionals.

Two-seat prototype: Providing a perfect school car for race schools.

Trackday Hero: Perfect price point, performance and approachability for Trackdays, which is where America goes racing today.  Blows away cars twice the price, with incredible looks and curb appeal to match.

About Revolution Race Cars


Founded in 2017, built on 50 years of motorsport history

Founded in 2017 by father-and-son duo Phil & James Abbott, Revolution was established to bring innovation in motorsport beyond the elite. Phil, a motorsport icon, has 50 years of motorsport experience:

1970sSpyder Engineering, working to productionize manufacturing for Lotus race car chassis development
1990sBuilt and raced his own cars between, filling the void for good cars for club racing
1997Co-Founded Radical, went on to sell 3000+ cars, through 33 dealers in 21 countries
2016Successful sale and exit from Radical
2017Founded Revolution Race Cars, applying current technology to 50 years of motorsport experience
2024Acquired by Cabotage Corporation to fast track the development of exciting new models

Strong foundations


Phil Abbott’s proven track record in designing successful race cars and building race car companies is the foundation of Revolution’s success.

Together, Phil and James bring over 70 years of combined experience in race car manufacturing. They’ve assembled an outstanding team, handpicked for their dedication to first-class service, superior quality, and cutting-edge innovation.

Phil Abbott pioneered the manufacturing processes and supplier relationships that made Radical successful—and he’s done it again with Revolution. Additionally, every part of a Revolution is in CAD, allowing Revolution to build supply chain resilience by sourcing components from multiple suppliers.

A Revolution is Born


In 2017, Phil partnered with his son James, leveraging their combined 70 years of experience, to co-found Revolution Race Cars. Recognizing the large gap between top-tier racing series and grassroots feeder competitions, they identified a need for affordable racing cars that incorporate high performance and safety.

The duo assembled an exceptional team, specifically chosen for their dedication to superior quality, first-class service, and cutting-edge innovation to fill the market need.

Revolution innovated energy-efficient infusion manufacturing techniques that drastically reduce costs and energy consumption by 80% compared to traditional methods. Additionally, every component of a Revolution race car is meticulously designed in CAD, creating supply chain and tariff resilience by enabling flexible sourcing from multiple suppliers.

With Revolution, Phil Abbott is once again reshaping motorsport, creating compelling opportunities for investors seeking to support innovation and participate in the next chapter of racing history.

Traction


Sales

  • 16 x  427's sold to date
  • 31 x 500SC's sold to date
  • 8 x 500 EVO's sold to date
  • 4 worldwide race series established
  • 12 dealers covering 11 countries

Milestones

  • 2017 Revolution founded
  • 2018 427 launched
  • 2019 (April) first car sold
  • 2019 (April) first race won
  • 2019 First championship won
  • 2020 F1 support race Portimão
  • 2021 F1 support race Monza
  • 2021 500SC launched
  • 2021 7 x 500SC sold at launch event
  • 2024 Launched 500 EVO
  • 2025 Designed the 300 based on the new A-Two chassis 

How we Make Money


Revolution turns speed into profits.

Revolution turns speed into profits. Each high-performance car we sell brings in six figures of revenue, and we’ve already delivered 55+ worldwide. But car sales are just the start. Owners return for parts, tires, and upgrades, generating steady, high-margin recurring income.

We also host racing events where drivers rent our cars hassle-free, adding revenue and bringing in future buyers.

Our new A-Two 300 model, priced around $130k, makes Revolution more accessible and fuels growth. Revenue is forecast to more than triple between 2024 and 2026, and double again by 2028.

*2025 EVO sales include a 25-car tender for a TV-backed racing league. Without it, 2025 revenue is forecast at $3.8m with $0.1m EBITDA.

Funding


Revolution Race Cars is looking to raise up to $1.235M.

Primary use of funds will be used to bring the 300 to market as follows:

  • 300 design & tooling $385,000
  • 300 test & development $175,000
  • 300 launch & marketing $185,000
  • General working capital $490,000

Fans


Owners and Press Rave About Revolution Race Cars Across the Globe

Trackside Praise from the U.S.

Greg Denne, based in the United States "I just returned from a euphoric weekend track day at VIR!” You guys have built one heck of an awesome race car! I really appreciated all the ECU modes and traction control—they helped me get comfortable. I also surfed through other menus on the wheel and used data from most of them. I was matching lap times with C8 Z06s and GT3 RSs, and those guys had far more seat time. My top speed was around 160 MPH on both straights, and I beat my personal best at VIR on my first day in the car. There were about 180 other drivers—mostly Porsche guys—and a ton of people were taking photos and asking questions.”

The press have their say:

$

🔥 32 hours left to invest

Deal terms


Funding goal
$75K / $1.23M
100% of $75K minimum offering amount has been reached.

Revolution Race Cars must achieve its minimum goal of $75K before the deadline.

The maximum amount the offering can raise is $1.23M.

Learn more

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Security type
Common shares
Common stock issued by Cabotage Corporation
Learn more
Price per security
$3.48

Price per unit of common stock

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Valuation
$17,950,000

The maximum valuation at which your investment converts into equity shares or cash.

Powered by Froala Editor

Minimum investment
$250
The smallest investment amount the issuer is accepting in this offering.
Maximum investment
$1M
The largest investment amount the issuer is accepting in this offering.
Deadline
May 20, 2025
Revolution Race Cars campaign will end on .
Learn more
How it works

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by Cabotage Corporation . View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
Subscription Agreement Revolution Race Cars Form C.pdf

Bonus perks

In addition to your Common shares, you'll receive perks for investing in Revolution Race Cars.
Invest
$500
Receive
  • Access to exclusive, behind the scenes content
  • Viewer access to 300 design webinar with founders
Invest $500
Invest
$1,000
Receive
  • Access to exclusive behind the scenes content
  • Participant access to 300 design webinar with founders
Invest $1,000
Invest
$5,000
Receive
  • Includes all perks of $1,000 Investment
  • Virtual factory tour and Q&A with founders
  • Complimentary attendance to 300 launch Party
Invest $5,000
Invest
$10,000
Receive
  • Includes all perks of $5,000 investment
  • In-person factory tour
Invest $10,000
Invest
$25,000
Receive
  • Includes all perks of $10,000 investment
  • Complimentary attendance to annual equity owner event
Invest $25,000
Invest
$50,000
Receive
  • Includes all perks of $25,000 investment
  • Reserve 1 of the 25, limited edition "Launch Edition" Revolution 300s with a $10,000 deposit
  • "Launch Edition" 300s will be locked in with a $10,000 discount off retail price
  • Complimentary attendance and test drive at 300 launch track day event
  • Priority Access to exclusive experiences
Invest $50,000
Invest
$100,000
Receive
  • Includes all perks of $50,000 investment
  • 10% off next new car of any model
  • Annual $3,000 per unit credit for 5 years to be applied to factory arrive and drive racing, trackside support or testing
Invest $100,000

About Revolution Race Cars

Legal Name
Cabotage Corporation
Founded
Aug 2024
Form
Delaware Corporation
Employees
10
Website
revolutionracecars.com
Social Media
Headquarters
Google Map location of of Revolution Race Cars
18 Chester Road , Montclair , NJ
Headquarters
18 Chester Road, Montclair , NJ, United States 07043

Revolution Race Cars Team
Everyone helping build Revolution Race Cars, not limited to employees

Profile picture of Phil Abbott
Phil Abbott
Co-Founder
Phil, a BRDC Member and motorsport icon, began at Spyder Engineering after roles at Rolls Royce and Jaguar. He co-founded Radical, achieving global success, and launched Revolution Race Cars in 2017 with his son James to redefine track performance.
Profile picture of James Abbott
James Abbott
Co-Founder
James Abbott, Revolution co-founder and British F3 race winner, brings deep engineering expertise. With experience at Radical, Ligier, Aston Martin, and Imperial College London, he delivers unmatched insight into every aspect of race car performance.
Profile picture of Zac Moseley
Zac Moseley
Chairman
Zac Moseley brings 20+ years of experience from Classic Car Club Manhattan, where he created world-class driving experiences. With roots in engineering and entrepreneurship, he now leads Revolution’s vision for the future of racing.
Profile picture of Nigel Redwood
Nigel Redwood
Managing Director
Nigel Redwood has 25+ years of commercial expertise and a strong motorsport background as a driver and team manager. He won the Radical Enduro Championship in 2006 and has now transitioned to Revolution's Managing Director from a consultant.
Profile picture of Marc Russell
Marc Russell
Director
Marc, a motorsport enthusiast and serial entrepreneur, bought a Revolution after just a few laps at Portimão. Captivated by the car and team, he invested in the company and now leads the charge in the U.S. with his 500SC and incoming 500 EVO.
Profile picture of Simon Cox
Simon Cox
Designer
Simon Cox, former head of design at Infiniti and GM, brings decades of innovation to Revolution. His visionary concepts shaped the brand’s design language—translating bold ideas into engineering-driven, high-performance realities on track.
3 more team members
Phil Abbott
Co-Founder
James Abbott
Co-Founder
Zac Moseley
Chairman
Nigel Redwood
Managing Director
Marc Russell
Director
Simon Cox
Designer

Press

Autostrada Magazine : A Conversation with Phil Abbott and...
Revolution Race Cars Revolution Race Cars
·
Apr 15, 2024

Phil Abbott stepped away from hist first car company, Radical Motorsport to peruse more modern production techniques. He ...

In the press
Revolution Race Cars Revolution Race Cars

In a thrilling test of automotive supremacy, EVO Magazine set out to answer a tantalising question, "Which is quicker on ...

Revolution A‑One 500SC 2023 review | Evo
evo evo

The innovative British track/race car just got faster, thanks to supercharging (and it wasn't exactly slow before). evo s...

evo Leaderboard lap times - the world's fastest cars test...
evo evo

This is our official evo Leaderboard, ranking the fastest lap times from Anglesey Circuit, Bedford Autodrome and Blyton Park

Radical SR3 XXR v Revolution 500 Evo: downforce demons go...
evo evo

There are no road car pretensions here: the Radical and Revolution sit where race car meets trackday car

Revolution Race Cars to launch new, more affordable model...
evo

New race/track car will cost around £100k, and is expected to develop around 300bhp

FAQ

What is a custodian, and what is a custodial account?

What is a custodian, and what is a custodial account?

A custodian is a qualified third-party entity that acts as a legal holder of securities. An investor will open a custodial account with the qualified custodian, which is used to hold investments, namely the securities in a company. A custodial account allows you to name a beneficiary and accept payments such as dividend distributions or cash payouts. Custodial accounts are not managed or held by Republic; instead, they are managed by the custodian who works with the issuer raising on the platform. The custodian of this offering is BitGo Trust Company.

Will I have to set up a custodial account? What is the process?

Will I have to set up a custodial account? What is the process?

Yes, since the company is utilizing a custodian, all investors in the offering will be required to create a custodial account with BitGo Trust Company and enter into an omnibus nominee agreement.

The custodial account creation process is hosted in our investment checkout system, meaning you will commit your investment and establish your account with BitGo all at once. You will be automatically prompted to review and sign certain custodial documents with BitGo during investment checkout. In addition, you may be asked to provide certain information to verify your identity. Once completed, you will receive an email confirming your investment commitment. 

Why would a company use a custodian like BitGo?

Why would a company use a custodian like BitGo?

Companies will utilize a custodian to ensure that all securities they offer in their campaign are in one place. This structure means that if a liquidity event or any other material event regarding the securities occurs, the company can look to the custodian to service the securities rather than each individual investor.

For investors, utilizing a custodian safeguards their investment, or security interest, with a qualified financial institution. Having a custodial account allows for easier transfers and creates additional layers of protection for your securities. For companies, it can increase efficiency by reducing their cap table management costs and creating a single-line item, making future funding rounds easier. 

Which countries are not permitted to open a Custody Account with BitGo?

Which countries are not permitted to open a Custody Account with BitGo?

India

Belarus

Cuba

Syrian Arab Republic

Russian Federation

Israel

Korea (Democratic People’s Republic of)

Iran (Islamic Republic of)

Turks and Caicos Islands

Saint Kitts and Nevis

Venezuela (Bolivarian Republic of)

Montserrat

Jamaica

Haiti

Guadeloupe

Grenada

France

Bonaire, Sint Eustatius and Saba

Bermuda

Anguilla

Indonesia

El Salvador

Belgium

Japan

Qatar

Does opening a custodial account with BitGo Trust Company cost me anything?

Does opening a custodial account with BitGo Trust Company cost me anything?

Right now, there are no costs for investors to open a custodial account. Custodial accounts sometimes have a low annual cost to maintain; however, such costs are covered for the investor in this offering.

My custody account is being manually reviewed. What should I do?

My custody account is being manually reviewed. What should I do?

BitGo reviews accounts that require manual review daily. Please expect confirmation of your account being opened or to hear further guidance from our team within 24-48 hours.

I have further questions regarding Bitgo and/or my custodial account, who can I contact?

I have further questions regarding Bitgo and/or my custodial account, who can I contact?

Please contact our team at investors@republic.co with any further questions related to your custodial account with Bitgo.

Still have questions? Check the discussion section.
Show all FAQ

Risks

Our business is subject to risks related to the larger automotive ecosystem, including inventory and global supply chain challenges, labor and other factors.
Our business is sensitive to adverse conditions affecting automobile dealers, manufacturers, their suppliers and the market for automobiles. For example, starting in 2020, the automotive industry experienced a decline in inventory supply due to disruptions related to the coronavirus pandemic that resulted in shortages of critical parts. Despite improvements in inventory levels, industry-wide levels still have not reached pre-pandemic levels and certain manufacturers have experienced slower recoveries in inventory levels than others. We cannot guarantee that our manufacturing and inventory supply will ever fully return to historic levels. Furthermore, the imposition of tariffs by the United States government could result in lower imports and exports of automobiles or shortages of critical parts, causing additional pressure on the supply chain and lower inventory levels. The reduced inventory and increased prices have had several negative effects on our business, which may persist even as inventory shortages subside. These effects include, but are not limited to: a reduction in dealers’ willingness to participate in our network and corresponding pressure on our revenue; an adverse effect on consumer satisfaction with our services due to high vehicle prices; and an adverse impact on the amount of inventory available, all of which negatively impact our business. We cannot predict when, if ever, the impacts from these automobile inventory-related issues will fully subside. Unless our business is able to recover from the ensuing adverse effects, there will likely be continued adverse impacts on our business, results of operations and prospects. Labor disputes, strikes or similar activities, whether impacting automobile manufacturers, their suppliers, or the supply chains through which automobiles and their components are delivered may have an adverse impact on our business if such disruptions result in reduced automobile inventory supply, an increase in the prices of automobiles or otherwise reduce the demand for new automobiles. We cannot predict the impacts of any future labor activity on inventory levels, consumer sentiment or the larger automotive ecosystem, and any such impacts may negatively affect our business and results. In addition, our business may be negatively affected by challenges faced by the larger automotive ecosystem, including challenges arising from growth in car manufacturer subscription service offerings and other alternative business models that may reduce the value proposition or competitiveness of our services and cars, automotive tariffs, natural disasters, pandemics and other macroeconomic issues. Any of the foregoing could have a material adverse effect on our business, results of operations and financial condition.
Our business is subject to risks related to the larger automotive ecosystem, including inventory and global supply chain challenges, labor and other factors.
Our business is sensitive to adverse conditions affecting automobile dealers, manufacturers, their suppliers and the market for automobiles. For example, starting in 2020, the automotive industry experienced a decline in inventory supply due to disruptions related to the coronavirus pandemic that resulted in shortages of critical parts. Despite improvements in inventory levels, industry-wide levels still have not reached pre-pandemic levels and certain manufacturers have experienced slower recoveries in inventory levels than others. We cannot guarantee that our manufacturing and inventory supply will ever fully return to historic levels. Furthermore, the imposition of tariffs by the United States government could result in lower imports and exports of automobiles or shortages of critical parts, causing additional pressure on the supply chain and lower inventory levels. The reduced inventory and increased prices have had several negative effects on our business, which may persist even as inventory shortages subside. These effects include, but are not limited to: a reduction in dealers’ willingness to participate in our network and corresponding pressure on our revenue; an adverse effect on consumer satisfaction with our services due to high vehicle prices; and an adverse impact on the amount of inventory available, all of which negatively impact our business. We cannot predict when, if ever, the impacts from these automobile inventory-related issues will fully subside. Unless our business is able to recover from the ensuing adverse effects, there will likely be continued adverse impacts on our business, results of operations and prospects. Labor disputes, strikes or similar activities, whether impacting automobile manufacturers, their suppliers, or the supply chains through which automobiles and their components are delivered may have an adverse impact on our business if such disruptions result in reduced automobile inventory supply, an increase in the prices of automobiles or otherwise reduce the demand for new automobiles. We cannot predict the impacts of any future labor activity on inventory levels, consumer sentiment or the larger automotive ecosystem, and any such impacts may negatively affect our business and results. In addition, our business may be negatively affected by challenges faced by the larger automotive ecosystem, including challenges arising from growth in car manufacturer subscription service offerings and other alternative business models that may reduce the value proposition or competitiveness of our services and cars, automotive tariffs, natural disasters, pandemics and other macroeconomic issues. Any of the foregoing could have a material adverse effect on our business, results of operations and financial condition.
Our business is subject to risks related to the larger automotive ecosystem, including inventory and global supply chain challenges, labor and other factors.
Our business is sensitive to adverse conditions affecting automobile dealers, manufacturers, their suppliers and the market for automobiles. For example, starting in 2020, the automotive industry experienced a decline in inventory supply due to disruptions related to the coronavirus pandemic that resulted in shortages of critical parts. Despite improvements in inventory levels, industry-wide levels still have not reached pre-pandemic levels and certain manufacturers have experienced slower recoveries in inventory levels than others. We cannot guarantee that our manufacturing and inventory supply will ever fully return to historic levels. Furthermore, the imposition of tariffs by the United States government could result in lower imports and exports of automobiles or shortages of critical parts, causing additional pressure on the supply chain and lower inventory levels. The reduced inventory and increased prices have had several negative effects on our business, which may persist even as inventory shortages subside. These effects include, but are not limited to: a reduction in dealers’ willingness to participate in our network and corresponding pressure on our revenue; an adverse effect on consumer satisfaction with our services due to high vehicle prices; and an adverse impact on the amount of inventory available, all of which negatively impact our business. We cannot predict when, if ever, the impacts from these automobile inventory-related issues will fully subside. Unless our business is able to recover from the ensuing adverse effects, there will likely be continued adverse impacts on our business, results of operations and prospects. Labor disputes, strikes or similar activities, whether impacting automobile manufacturers, their suppliers, or the supply chains through which automobiles and their components are delivered may have an adverse impact on our business if such disruptions result in reduced automobile inventory supply, an increase in the prices of automobiles or otherwise reduce the demand for new automobiles. We cannot predict the impacts of any future labor activity on inventory levels, consumer sentiment or the larger automotive ecosystem, and any such impacts may negatively affect our business and results. In addition, our business may be negatively affected by challenges faced by the larger automotive ecosystem, including challenges arising from growth in car manufacturer subscription service offerings and other alternative business models that may reduce the value proposition or competitiveness of our services and cars, automotive tariffs, natural disasters, pandemics and other macroeconomic issues. Any of the foregoing could have a material adverse effect on our business, results of operations and financial condition.
Our business is subject to risks related to the larger automotive ecosystem, including inventory and global supply chain challenges, labor and other factors.
Our business is sensitive to adverse conditions affecting automobile dealers, manufacturers, their suppliers and the market for automobiles. For example, starting in 2020, the automotive industry experienced a decline in inventory supply due to disruptions related to the coronavirus pandemic that resulted in shortages of critical parts. Despite improvements in inventory levels, industry-wide levels still have not reached pre-pandemic levels and certain manufacturers have experienced slower recoveries in inventory levels than others. We cannot guarantee that our manufacturing and inventory supply will ever fully return to historic levels. Furthermore, the imposition of tariffs by the United States government could result in lower imports and exports of automobiles or shortages of critical parts, causing additional pressure on the supply chain and lower inventory levels. The reduced inventory and increased prices have had several negative effects on our business, which may persist even as inventory shortages subside. These effects include, but are not limited to: a reduction in dealers’ willingness to participate in our network and corresponding pressure on our revenue; an adverse effect on consumer satisfaction with our services due to high vehicle prices; and an adverse impact on the amount of inventory available, all of which negatively impact our business. We cannot predict when, if ever, the impacts from these automobile inventory-related issues will fully subside. Unless our business is able to recover from the ensuing adverse effects, there will likely be continued adverse impacts on our business, results of operations and prospects. Labor disputes, strikes or similar activities, whether impacting automobile manufacturers, their suppliers, or the supply chains through which automobiles and their components are delivered may have an adverse impact on our business if such disruptions result in reduced automobile inventory supply, an increase in the prices of automobiles or otherwise reduce the demand for new automobiles. We cannot predict the impacts of any future labor activity on inventory levels, consumer sentiment or the larger automotive ecosystem, and any such impacts may negatively affect our business and results. In addition, our business may be negatively affected by challenges faced by the larger automotive ecosystem, including challenges arising from growth in car manufacturer subscription service offerings and other alternative business models that may reduce the value proposition or competitiveness of our services and cars, automotive tariffs, natural disasters, pandemics and other macroeconomic issues. Any of the foregoing could have a material adverse effect on our business, results of operations and financial condition.
Our business is subject to risks related to the larger automotive ecosystem, including inventory and global supply chain challenges, labor and other factors.
Our business is sensitive to adverse conditions affecting automobile dealers, manufacturers, their suppliers and the market for automobiles. For example, starting in 2020, the automotive industry experienced a decline in inventory supply due to disruptions related to the coronavirus pandemic that resulted in shortages of critical parts. Despite improvements in inventory levels, industry-wide levels still have not reached pre-pandemic levels and certain manufacturers have experienced slower recoveries in inventory levels than others. We cannot guarantee that our manufacturing and inventory supply will ever fully return to historic levels. Furthermore, the imposition of tariffs by the United States government could result in lower imports and exports of automobiles or shortages of critical parts, causing additional pressure on the supply chain and lower inventory levels. The reduced inventory and increased prices have had several negative effects on our business, which may persist even as inventory shortages subside. These effects include, but are not limited to: a reduction in dealers’ willingness to participate in our network and corresponding pressure on our revenue; an adverse effect on consumer satisfaction with our services due to high vehicle prices; and an adverse impact on the amount of inventory available, all of which negatively impact our business. We cannot predict when, if ever, the impacts from these automobile inventory-related issues will fully subside. Unless our business is able to recover from the ensuing adverse effects, there will likely be continued adverse impacts on our business, results of operations and prospects. Labor disputes, strikes or similar activities, whether impacting automobile manufacturers, their suppliers, or the supply chains through which automobiles and their components are delivered may have an adverse impact on our business if such disruptions result in reduced automobile inventory supply, an increase in the prices of automobiles or otherwise reduce the demand for new automobiles. We cannot predict the impacts of any future labor activity on inventory levels, consumer sentiment or the larger automotive ecosystem, and any such impacts may negatively affect our business and results. In addition, our business may be negatively affected by challenges faced by the larger automotive ecosystem, including challenges arising from growth in car manufacturer subscription service offerings and other alternative business models that may reduce the value proposition or competitiveness of our services and cars, automotive tariffs, natural disasters, pandemics and other macroeconomic issues. Any of the foregoing could have a material adverse effect on our business, results of operations and financial condition.
Our business is subject to risks related to the larger automotive ecosystem, including inventory and global supply chain challenges, labor and other factors.
Our business is sensitive to adverse conditions affecting automobile dealers, manufacturers, their suppliers and the market for automobiles. For example, starting in 2020, the automotive industry experienced a decline in inventory supply due to disruptions related to the coronavirus pandemic that resulted in shortages of critical parts. Despite improvements in inventory levels, industry-wide levels still have not reached pre-pandemic levels and certain manufacturers have experienced slower recoveries in inventory levels than others. We cannot guarantee that our manufacturing and inventory supply will ever fully return to historic levels. Furthermore, the imposition of tariffs by the United States government could result in lower imports and exports of automobiles or shortages of critical parts, causing additional pressure on the supply chain and lower inventory levels. The reduced inventory and increased prices have had several negative effects on our business, which may persist even as inventory shortages subside. These effects include, but are not limited to: a reduction in dealers’ willingness to participate in our network and corresponding pressure on our revenue; an adverse effect on consumer satisfaction with our services due to high vehicle prices; and an adverse impact on the amount of inventory available, all of which negatively impact our business. We cannot predict when, if ever, the impacts from these automobile inventory-related issues will fully subside. Unless our business is able to recover from the ensuing adverse effects, there will likely be continued adverse impacts on our business, results of operations and prospects. Labor disputes, strikes or similar activities, whether impacting automobile manufacturers, their suppliers, or the supply chains through which automobiles and their components are delivered may have an adverse impact on our business if such disruptions result in reduced automobile inventory supply, an increase in the prices of automobiles or otherwise reduce the demand for new automobiles. We cannot predict the impacts of any future labor activity on inventory levels, consumer sentiment or the larger automotive ecosystem, and any such impacts may negatively affect our business and results. In addition, our business may be negatively affected by challenges faced by the larger automotive ecosystem, including challenges arising from growth in car manufacturer subscription service offerings and other alternative business models that may reduce the value proposition or competitiveness of our services and cars, automotive tariffs, natural disasters, pandemics and other macroeconomic issues. Any of the foregoing could have a material adverse effect on our business, results of operations and financial condition.
Our business is subject to risks related to the larger automotive ecosystem, including inventory and global supply chain challenges, labor and other factors.
Our business is sensitive to adverse conditions affecting automobile dealers, manufacturers, their suppliers and the market for automobiles. For example, starting in 2020, the automotive industry experienced a decline in inventory supply due to disruptions related to the coronavirus pandemic that resulted in shortages of critical parts. Despite improvements in inventory levels, industry-wide levels still have not reached pre-pandemic levels and certain manufacturers have experienced slower recoveries in inventory levels than others. We cannot guarantee that our manufacturing and inventory supply will ever fully return to historic levels. Furthermore, the imposition of tariffs by the United States government could result in lower imports and exports of automobiles or shortages of critical parts, causing additional pressure on the supply chain and lower inventory levels. The reduced inventory and increased prices have had several negative effects on our business, which may persist even as inventory shortages subside. These effects include, but are not limited to: a reduction in dealers’ willingness to participate in our network and corresponding pressure on our revenue; an adverse effect on consumer satisfaction with our services due to high vehicle prices; and an adverse impact on the amount of inventory available, all of which negatively impact our business. We cannot predict when, if ever, the impacts from these automobile inventory-related issues will fully subside. Unless our business is able to recover from the ensuing adverse effects, there will likely be continued adverse impacts on our business, results of operations and prospects. Labor disputes, strikes or similar activities, whether impacting automobile manufacturers, their suppliers, or the supply chains through which automobiles and their components are delivered may have an adverse impact on our business if such disruptions result in reduced automobile inventory supply, an increase in the prices of automobiles or otherwise reduce the demand for new automobiles. We cannot predict the impacts of any future labor activity on inventory levels, consumer sentiment or the larger automotive ecosystem, and any such impacts may negatively affect our business and results. In addition, our business may be negatively affected by challenges faced by the larger automotive ecosystem, including challenges arising from growth in car manufacturer subscription service offerings and other alternative business models that may reduce the value proposition or competitiveness of our services and cars, automotive tariffs, natural disasters, pandemics and other macroeconomic issues. Any of the foregoing could have a material adverse effect on our business, results of operations and financial condition.
Our business is subject to risks related to the larger automotive ecosystem, including inventory and global supply chain challenges, labor and other factors.
Our business is sensitive to adverse conditions affecting automobile dealers, manufacturers, their suppliers and the market for automobiles. For example, starting in 2020, the automotive industry experienced a decline in inventory supply due to disruptions related to the coronavirus pandemic that resulted in shortages of critical parts. Despite improvements in inventory levels, industry-wide levels still have not reached pre-pandemic levels and certain manufacturers have experienced slower recoveries in inventory levels than others. We cannot guarantee that our manufacturing and inventory supply will ever fully return to historic levels. Furthermore, the imposition of tariffs by the United States government could result in lower imports and exports of automobiles or shortages of critical parts, causing additional pressure on the supply chain and lower inventory levels. The reduced inventory and increased prices have had several negative effects on our business, which may persist even as inventory shortages subside. These effects include, but are not limited to: a reduction in dealers’ willingness to participate in our network and corresponding pressure on our revenue; an adverse effect on consumer satisfaction with our services due to high vehicle prices; and an adverse impact on the amount of inventory available, all of which negatively impact our business. We cannot predict when, if ever, the impacts from these automobile inventory-related issues will fully subside. Unless our business is able to recover from the ensuing adverse effects, there will likely be continued adverse impacts on our business, results of operations and prospects. Labor disputes, strikes or similar activities, whether impacting automobile manufacturers, their suppliers, or the supply chains through which automobiles and their components are delivered may have an adverse impact on our business if such disruptions result in reduced automobile inventory supply, an increase in the prices of automobiles or otherwise reduce the demand for new automobiles. We cannot predict the impacts of any future labor activity on inventory levels, consumer sentiment or the larger automotive ecosystem, and any such impacts may negatively affect our business and results. In addition, our business may be negatively affected by challenges faced by the larger automotive ecosystem, including challenges arising from growth in car manufacturer subscription service offerings and other alternative business models that may reduce the value proposition or competitiveness of our services and cars, automotive tariffs, natural disasters, pandemics and other macroeconomic issues. Any of the foregoing could have a material adverse effect on our business, results of operations and financial condition.
Our business is subject to risks related to the larger automotive ecosystem, including inventory and global supply chain challenges, labor and other factors.
Our business is sensitive to adverse conditions affecting automobile dealers, manufacturers, their suppliers and the market for automobiles. For example, starting in 2020, the automotive industry experienced a decline in inventory supply due to disruptions related to the coronavirus pandemic that resulted in shortages of critical parts. Despite improvements in inventory levels, industry-wide levels still have not reached pre-pandemic levels and certain manufacturers have experienced slower recoveries in inventory levels than others. We cannot guarantee that our manufacturing and inventory supply will ever fully return to historic levels. Furthermore, the imposition of tariffs by the United States government could result in lower imports and exports of automobiles or shortages of critical parts, causing additional pressure on the supply chain and lower inventory levels. The reduced inventory and increased prices have had several negative effects on our business, which may persist even as inventory shortages subside. These effects include, but are not limited to: a reduction in dealers’ willingness to participate in our network and corresponding pressure on our revenue; an adverse effect on consumer satisfaction with our services due to high vehicle prices; and an adverse impact on the amount of inventory available, all of which negatively impact our business. We cannot predict when, if ever, the impacts from these automobile inventory-related issues will fully subside. Unless our business is able to recover from the ensuing adverse effects, there will likely be continued adverse impacts on our business, results of operations and prospects. Labor disputes, strikes or similar activities, whether impacting automobile manufacturers, their suppliers, or the supply chains through which automobiles and their components are delivered may have an adverse impact on our business if such disruptions result in reduced automobile inventory supply, an increase in the prices of automobiles or otherwise reduce the demand for new automobiles. We cannot predict the impacts of any future labor activity on inventory levels, consumer sentiment or the larger automotive ecosystem, and any such impacts may negatively affect our business and results. In addition, our business may be negatively affected by challenges faced by the larger automotive ecosystem, including challenges arising from growth in car manufacturer subscription service offerings and other alternative business models that may reduce the value proposition or competitiveness of our services and cars, automotive tariffs, natural disasters, pandemics and other macroeconomic issues. Any of the foregoing could have a material adverse effect on our business, results of operations and financial condition.
Our business is subject to risks related to the larger automotive ecosystem, including inventory and global supply chain challenges, labor and other factors.
Our business is sensitive to adverse conditions affecting automobile dealers, manufacturers, their suppliers and the market for automobiles. For example, starting in 2020, the automotive industry experienced a decline in inventory supply due to disruptions related to the coronavirus pandemic that resulted in shortages of critical parts. Despite improvements in inventory levels, industry-wide levels still have not reached pre-pandemic levels and certain manufacturers have experienced slower recoveries in inventory levels than others. We cannot guarantee that our manufacturing and inventory supply will ever fully return to historic levels. Furthermore, the imposition of tariffs by the United States government could result in lower imports and exports of automobiles or shortages of critical parts, causing additional pressure on the supply chain and lower inventory levels. The reduced inventory and increased prices have had several negative effects on our business, which may persist even as inventory shortages subside. These effects include, but are not limited to: a reduction in dealers’ willingness to participate in our network and corresponding pressure on our revenue; an adverse effect on consumer satisfaction with our services due to high vehicle prices; and an adverse impact on the amount of inventory available, all of which negatively impact our business. We cannot predict when, if ever, the impacts from these automobile inventory-related issues will fully subside. Unless our business is able to recover from the ensuing adverse effects, there will likely be continued adverse impacts on our business, results of operations and prospects. Labor disputes, strikes or similar activities, whether impacting automobile manufacturers, their suppliers, or the supply chains through which automobiles and their components are delivered may have an adverse impact on our business if such disruptions result in reduced automobile inventory supply, an increase in the prices of automobiles or otherwise reduce the demand for new automobiles. We cannot predict the impacts of any future labor activity on inventory levels, consumer sentiment or the larger automotive ecosystem, and any such impacts may negatively affect our business and results. In addition, our business may be negatively affected by challenges faced by the larger automotive ecosystem, including challenges arising from growth in car manufacturer subscription service offerings and other alternative business models that may reduce the value proposition or competitiveness of our services and cars, automotive tariffs, natural disasters, pandemics and other macroeconomic issues. Any of the foregoing could have a material adverse effect on our business, results of operations and financial condition.
Our business is subject to risks related to the larger automotive ecosystem, including inventory and global supply chain challenges, labor and other factors.
Our business is sensitive to adverse conditions affecting automobile dealers, manufacturers, their suppliers and the market for automobiles. For example, starting in 2020, the automotive industry experienced a decline in inventory supply due to disruptions related to the coronavirus pandemic that resulted in shortages of critical parts. Despite improvements in inventory levels, industry-wide levels still have not reached pre-pandemic levels and certain manufacturers have experienced slower recoveries in inventory levels than others. We cannot guarantee that our manufacturing and inventory supply will ever fully return to historic levels. Furthermore, the imposition of tariffs by the United States government could result in lower imports and exports of automobiles or shortages of critical parts, causing additional pressure on the supply chain and lower inventory levels. The reduced inventory and increased prices have had several negative effects on our business, which may persist even as inventory shortages subside. These effects include, but are not limited to: a reduction in dealers’ willingness to participate in our network and corresponding pressure on our revenue; an adverse effect on consumer satisfaction with our services due to high vehicle prices; and an adverse impact on the amount of inventory available, all of which negatively impact our business. We cannot predict when, if ever, the impacts from these automobile inventory-related issues will fully subside. Unless our business is able to recover from the ensuing adverse effects, there will likely be continued adverse impacts on our business, results of operations and prospects. Labor disputes, strikes or similar activities, whether impacting automobile manufacturers, their suppliers, or the supply chains through which automobiles and their components are delivered may have an adverse impact on our business if such disruptions result in reduced automobile inventory supply, an increase in the prices of automobiles or otherwise reduce the demand for new automobiles. We cannot predict the impacts of any future labor activity on inventory levels, consumer sentiment or the larger automotive ecosystem, and any such impacts may negatively affect our business and results. In addition, our business may be negatively affected by challenges faced by the larger automotive ecosystem, including challenges arising from growth in car manufacturer subscription service offerings and other alternative business models that may reduce the value proposition or competitiveness of our services and cars, automotive tariffs, natural disasters, pandemics and other macroeconomic issues. Any of the foregoing could have a material adverse effect on our business, results of operations and financial condition.
Our business is subject to risks related to the larger automotive ecosystem, including inventory and global supply chain challenges, labor and other factors.
Our business is sensitive to adverse conditions affecting automobile dealers, manufacturers, their suppliers and the market for automobiles. For example, starting in 2020, the automotive industry experienced a decline in inventory supply due to disruptions related to the coronavirus pandemic that resulted in shortages of critical parts. Despite improvements in inventory levels, industry-wide levels still have not reached pre-pandemic levels and certain manufacturers have experienced slower recoveries in inventory levels than others. We cannot guarantee that our manufacturing and inventory supply will ever fully return to historic levels. Furthermore, the imposition of tariffs by the United States government could result in lower imports and exports of automobiles or shortages of critical parts, causing additional pressure on the supply chain and lower inventory levels. The reduced inventory and increased prices have had several negative effects on our business, which may persist even as inventory shortages subside. These effects include, but are not limited to: a reduction in dealers’ willingness to participate in our network and corresponding pressure on our revenue; an adverse effect on consumer satisfaction with our services due to high vehicle prices; and an adverse impact on the amount of inventory available, all of which negatively impact our business. We cannot predict when, if ever, the impacts from these automobile inventory-related issues will fully subside. Unless our business is able to recover from the ensuing adverse effects, there will likely be continued adverse impacts on our business, results of operations and prospects. Labor disputes, strikes or similar activities, whether impacting automobile manufacturers, their suppliers, or the supply chains through which automobiles and their components are delivered may have an adverse impact on our business if such disruptions result in reduced automobile inventory supply, an increase in the prices of automobiles or otherwise reduce the demand for new automobiles. We cannot predict the impacts of any future labor activity on inventory levels, consumer sentiment or the larger automotive ecosystem, and any such impacts may negatively affect our business and results. In addition, our business may be negatively affected by challenges faced by the larger automotive ecosystem, including challenges arising from growth in car manufacturer subscription service offerings and other alternative business models that may reduce the value proposition or competitiveness of our services and cars, automotive tariffs, natural disasters, pandemics and other macroeconomic issues. Any of the foregoing could have a material adverse effect on our business, results of operations and financial condition.
Our business is subject to risks related to the larger automotive ecosystem, including inventory and global supply chain challenges, labor and other factors.
Our business is sensitive to adverse conditions affecting automobile dealers, manufacturers, their suppliers and the market for automobiles. For example, starting in 2020, the automotive industry experienced a decline in inventory supply due to disruptions related to the coronavirus pandemic that resulted in shortages of critical parts. Despite improvements in inventory levels, industry-wide levels still have not reached pre-pandemic levels and certain manufacturers have experienced slower recoveries in inventory levels than others. We cannot guarantee that our manufacturing and inventory supply will ever fully return to historic levels. Furthermore, the imposition of tariffs by the United States government could result in lower imports and exports of automobiles or shortages of critical parts, causing additional pressure on the supply chain and lower inventory levels. The reduced inventory and increased prices have had several negative effects on our business, which may persist even as inventory shortages subside. These effects include, but are not limited to: a reduction in dealers’ willingness to participate in our network and corresponding pressure on our revenue; an adverse effect on consumer satisfaction with our services due to high vehicle prices; and an adverse impact on the amount of inventory available, all of which negatively impact our business. We cannot predict when, if ever, the impacts from these automobile inventory-related issues will fully subside. Unless our business is able to recover from the ensuing adverse effects, there will likely be continued adverse impacts on our business, results of operations and prospects. Labor disputes, strikes or similar activities, whether impacting automobile manufacturers, their suppliers, or the supply chains through which automobiles and their components are delivered may have an adverse impact on our business if such disruptions result in reduced automobile inventory supply, an increase in the prices of automobiles or otherwise reduce the demand for new automobiles. We cannot predict the impacts of any future labor activity on inventory levels, consumer sentiment or the larger automotive ecosystem, and any such impacts may negatively affect our business and results. In addition, our business may be negatively affected by challenges faced by the larger automotive ecosystem, including challenges arising from growth in car manufacturer subscription service offerings and other alternative business models that may reduce the value proposition or competitiveness of our services and cars, automotive tariffs, natural disasters, pandemics and other macroeconomic issues. Any of the foregoing could have a material adverse effect on our business, results of operations and financial condition.
Our business is subject to risks related to the larger automotive ecosystem, including inventory and global supply chain challenges, labor and other factors.
Our business is sensitive to adverse conditions affecting automobile dealers, manufacturers, their suppliers and the market for automobiles. For example, starting in 2020, the automotive industry experienced a decline in inventory supply due to disruptions related to the coronavirus pandemic that resulted in shortages of critical parts. Despite improvements in inventory levels, industry-wide levels still have not reached pre-pandemic levels and certain manufacturers have experienced slower recoveries in inventory levels than others. We cannot guarantee that our manufacturing and inventory supply will ever fully return to historic levels. Furthermore, the imposition of tariffs by the United States government could result in lower imports and exports of automobiles or shortages of critical parts, causing additional pressure on the supply chain and lower inventory levels. The reduced inventory and increased prices have had several negative effects on our business, which may persist even as inventory shortages subside. These effects include, but are not limited to: a reduction in dealers’ willingness to participate in our network and corresponding pressure on our revenue; an adverse effect on consumer satisfaction with our services due to high vehicle prices; and an adverse impact on the amount of inventory available, all of which negatively impact our business. We cannot predict when, if ever, the impacts from these automobile inventory-related issues will fully subside. Unless our business is able to recover from the ensuing adverse effects, there will likely be continued adverse impacts on our business, results of operations and prospects. Labor disputes, strikes or similar activities, whether impacting automobile manufacturers, their suppliers, or the supply chains through which automobiles and their components are delivered may have an adverse impact on our business if such disruptions result in reduced automobile inventory supply, an increase in the prices of automobiles or otherwise reduce the demand for new automobiles. We cannot predict the impacts of any future labor activity on inventory levels, consumer sentiment or the larger automotive ecosystem, and any such impacts may negatively affect our business and results. In addition, our business may be negatively affected by challenges faced by the larger automotive ecosystem, including challenges arising from growth in car manufacturer subscription service offerings and other alternative business models that may reduce the value proposition or competitiveness of our services and cars, automotive tariffs, natural disasters, pandemics and other macroeconomic issues. Any of the foregoing could have a material adverse effect on our business, results of operations and financial condition.
Our business is subject to risks related to the larger automotive ecosystem, including inventory and global supply chain challenges, labor and other factors.
Our business is sensitive to adverse conditions affecting automobile dealers, manufacturers, their suppliers and the market for automobiles. For example, starting in 2020, the automotive industry experienced a decline in inventory supply due to disruptions related to the coronavirus pandemic that resulted in shortages of critical parts. Despite improvements in inventory levels, industry-wide levels still have not reached pre-pandemic levels and certain manufacturers have experienced slower recoveries in inventory levels than others. We cannot guarantee that our manufacturing and inventory supply will ever fully return to historic levels. Furthermore, the imposition of tariffs by the United States government could result in lower imports and exports of automobiles or shortages of critical parts, causing additional pressure on the supply chain and lower inventory levels. The reduced inventory and increased prices have had several negative effects on our business, which may persist even as inventory shortages subside. These effects include, but are not limited to: a reduction in dealers’ willingness to participate in our network and corresponding pressure on our revenue; an adverse effect on consumer satisfaction with our services due to high vehicle prices; and an adverse impact on the amount of inventory available, all of which negatively impact our business. We cannot predict when, if ever, the impacts from these automobile inventory-related issues will fully subside. Unless our business is able to recover from the ensuing adverse effects, there will likely be continued adverse impacts on our business, results of operations and prospects. Labor disputes, strikes or similar activities, whether impacting automobile manufacturers, their suppliers, or the supply chains through which automobiles and their components are delivered may have an adverse impact on our business if such disruptions result in reduced automobile inventory supply, an increase in the prices of automobiles or otherwise reduce the demand for new automobiles. We cannot predict the impacts of any future labor activity on inventory levels, consumer sentiment or the larger automotive ecosystem, and any such impacts may negatively affect our business and results. In addition, our business may be negatively affected by challenges faced by the larger automotive ecosystem, including challenges arising from growth in car manufacturer subscription service offerings and other alternative business models that may reduce the value proposition or competitiveness of our services and cars, automotive tariffs, natural disasters, pandemics and other macroeconomic issues. Any of the foregoing could have a material adverse effect on our business, results of operations and financial condition.
Our business is subject to risks related to the larger automotive ecosystem, including inventory and global supply chain challenges, labor and other factors.
Our business is sensitive to adverse conditions affecting automobile dealers, manufacturers, their suppliers and the market for automobiles. For example, starting in 2020, the automotive industry experienced a decline in inventory supply due to disruptions related to the coronavirus pandemic that resulted in shortages of critical parts. Despite improvements in inventory levels, industry-wide levels still have not reached pre-pandemic levels and certain manufacturers have experienced slower recoveries in inventory levels than others. We cannot guarantee that our manufacturing and inventory supply will ever fully return to historic levels. Furthermore, the imposition of tariffs by the United States government could result in lower imports and exports of automobiles or shortages of critical parts, causing additional pressure on the supply chain and lower inventory levels. The reduced inventory and increased prices have had several negative effects on our business, which may persist even as inventory shortages subside. These effects include, but are not limited to: a reduction in dealers’ willingness to participate in our network and corresponding pressure on our revenue; an adverse effect on consumer satisfaction with our services due to high vehicle prices; and an adverse impact on the amount of inventory available, all of which negatively impact our business. We cannot predict when, if ever, the impacts from these automobile inventory-related issues will fully subside. Unless our business is able to recover from the ensuing adverse effects, there will likely be continued adverse impacts on our business, results of operations and prospects. Labor disputes, strikes or similar activities, whether impacting automobile manufacturers, their suppliers, or the supply chains through which automobiles and their components are delivered may have an adverse impact on our business if such disruptions result in reduced automobile inventory supply, an increase in the prices of automobiles or otherwise reduce the demand for new automobiles. We cannot predict the impacts of any future labor activity on inventory levels, consumer sentiment or the larger automotive ecosystem, and any such impacts may negatively affect our business and results. In addition, our business may be negatively affected by challenges faced by the larger automotive ecosystem, including challenges arising from growth in car manufacturer subscription service offerings and other alternative business models that may reduce the value proposition or competitiveness of our services and cars, automotive tariffs, natural disasters, pandemics and other macroeconomic issues. Any of the foregoing could have a material adverse effect on our business, results of operations and financial condition.
Our business depends on the success of our marketing strategies.
We plan to enhance our brand recognition, improve our brand reputation, and grow our client base by substantial investments in marketing and business development activities. However, we cannot guarantee that our strategies or spending will have their anticipated effect or generate revenue. We face a number of challenges in the sale and marketing of our vehicles, including, without limitation: • we compete with other race car, motorsport, and luxury automotive manufacturers for consumer spending; • demand in the race car and luxury automobile industry is highly volatile; • we may not be able to keep up with consumer demand, thereby resulting in unreasonably lengthy delivery timeframes of our vehicles; • the final delivered aesthetic, performance, and quality of our vehicles may vary and may not meet customer’s expectations; • our brand image could be harmed due to negative publicity affecting our suppliers, vendors, and our vehicle makes or models; and • it is expensive to establish a strong brand, and we may not succeed in establishing, maintaining, and strengthening our brand in a cost-efficient manner. We may not succeed in continuing to maintain and strengthen our reputation and brand, and our reputation and brand could be harmed by negative publicity with respect to us, our directors, officers, employees, shareholders, business partners, or the automotive industry in general. If we are unable to efficiently enhance our brand and market our vehicles, this may have a material and adverse effect on our business, prospects, financial condition, and operating results.
Our business is highly specialized and dependent on a continuing demand for race cars.
Our vehicles are highly sought after race cars. For many of our consumers, vehicles purchased from us are not the consumers’ primary source of transportation. Our future growth is dependent on the continuing consumer demand for race cars, the prospects of which are subject to many uncertainties, including the global economy, unforeseeable health crises, and/or other force majeure events. Any change in the economic climate could result in consumers curbing their spending, and it is likely that luxury items, such as our vehicles, would be among the items first affected by any such reduced spending, which would in turn adversely affect our business, prospects, results of operations and financial condition.
Our vehicles may be subject to changes in technology and competitiveness.
Our vehicles contain current technologies that may cease to be legal or competitive as the rules, and regulations of sanctioning bodies are modified and technologies are updated. Additionally, governing sanctioning bodies are expected to regularly hold discussions with manufacturers and competitors regarding implementing updated models and technologies that may have an adverse effect on our business. To the extent that sanctioning bodies may change their rules and regulations so that our vehicles do not comply with the changed rules or regulations, our business will be adversely affected.
If we are no longer affiliated with Abbott Automotive Ltd, trading as Revolution Race Cars, we may be unable to continue to benefit from that relationship, which may adversely affect our operations and have a material adverse effect on us and our business, results of operations and financial condition.
Revolution Race Cars is a race car manufacturer, servicing customers in Europe, North America, Australia, and Asia. We have historically relied on Revolution Race Cars to provide access to its audience to market, communicate and engage with customers regarding our product offerings and services. If we no longer have access to the audience of Revolution Race Cars, this could adversely affect our business, results of operations and financial condition. In the event that we are no longer affiliated with Revolution Race Cars, our ability to evolve in the motorsport industry may be adversely impacted.
Our limited operating history makes it difficult to evaluate our current business and future prospects, and we may not be able to effectively grow our business or implement our business strategies.
We were incorporated and started operating in August 2024. As such, we do not have a long history operating as a commercial company. Due to this and other factors, our operating results are not predictable, and our historical results may not be indicative of our future results. We believe that our ability to grow our business will depend on many risks and uncertainties, including our ability to: • develop new sources of revenue; • expand our brand awareness; • further improve the quality of our products and services, and introduce high-quality new products, services and features; and • continue developing innovative technologies embedded in our vehicles. There can be no assurance that we will meet these objectives. Addressing these risks and uncertainties will require significant capital expenditures and allocation of valuable management and employee resources. We will need to improve our operational, financial and management controls. Additionally, we will require significant capital expenditures and the allocation of valuable management resources to grow and change in these areas without undermining our corporate culture. If we cannot manage our growth effectively, our business could be harmed, and our results of operations and financial condition could be materially and adversely affected.
The automotive retail industry in general and our business in particular are sensitive to economic conditions. These conditions could adversely affect our business, sales, results of operations and financial condition.
We are subject to national and regional U.S. economic conditions. These conditions include, but are not limited to, recession, inflation, interest rates, unemployment levels, the state of the housing market, gasoline prices, consumer credit availability, consumer credit delinquency and loss rates, tariffs or the imposition of new tariffs, trade wars, barriers or restrictions, or threats of such actions, personal discretionary spending levels, and consumer sentiment about the economy in general. These conditions and the economy in general have been, and in the future may be, affected by significant national or international events such as a global health crisis or current geopolitical conditions. When these economic conditions worsen or stagnate, it can have a material adverse effect on consumer demand for vehicles generally, demand from particular consumer categories or demand for particular vehicle types. It can also negatively impact availability of credit to finance vehicle purchases for all or certain categories of consumers. This could result in challenges to vehicle affordability, lower sales, decreased margins on units sold, and decreased profits. For example, tariffs impacting the availability and price of automotive parts for our vehicles could also adversely impact our business. This could result in increased costs and decreased margins on units sold. Any significant change or deterioration in economic conditions could have a material adverse effect on our business, sales, results of operations and financial condition.
We face significant racing competition.
We principally compete with other race car manufacturers. In addition, there are relatively low barriers to entry into these markets and we expect to continue to face competition from new entrants into these same markets. There can be no assurance that we will be able to compete successfully in these markets.
Our business revenue model could fail.
Our revenue model is new and evolving, and we cannot be certain that it will be successful. Our present revenue model is comprised of manufacturing and selling the 300. The potential profitability of this business model is unproven for companies of our size. Accordingly, we cannot assure you that our business model will be successful or that we can sustain revenue growth or achieve or sustain profitability. If our business model is not successful we could be forced to curtail our operations.
We are not currently registered to conduct business in the State of New Jersey.
The Issuer is incorporated in and licensed to do business in the State of Delaware. The Issuer conducts business from the State of New Jersey. The Issuer has not filed all appropriate documentation, obtained necessary authorizations, paid all fees and any taxes owed or obtained all licensing or approvals necessary to conduct business in New Jersey. The Issuer intends to engage in all such actions as promptly as possible.
State and federal securities laws are complex, and the Issuer could potentially be found to have not complied with all relevant state and federal securities law in prior offerings of securities.
The Issuer has conducted previous offerings of securities and may not have complied with all relevant state and federal securities laws. If a court or regulatory body with the required jurisdiction ever concluded that the Issuer may have violated state or federal securities laws, any such violation could result in the Issuer being required to offer rescission rights to investors in such offering. If such investors exercised their rescission rights, the Issuer would have to pay to such investors an amount of funds equal to the purchase price paid by such investors plus interest from the date of any such purchase. No assurances can be given the Issuer will, if it is required to offer such investors a rescission right, have sufficient funds to pay the prior investors the amounts required or that proceeds from this Offering would not be used to pay such amounts. In addition, if the Issuer violated federal or state securities laws in connection with a prior offering and/or sale of its securities, federal or state regulators could bring an enforcement, regulatory and/or other legal action against the Issuer which, among other things, could result in the Issuer having to pay substantial fines and be prohibited from selling securities in the future.
The U.S. Securities and Exchange Commission does not pass upon the merits of the Securities or the terms of the Offering, nor does it pass upon the accuracy or completeness of any Offering document or literature.
You should not rely on the fact that our Form C is accessible through the U.S. Securities and Exchange Commission’s EDGAR filing system as an approval, endorsement or guarantee of compliance as it relates to this Offering. The U.S. Securities and Exchange Commission has not reviewed this Form C, nor any document or literature related to this Offering.
Neither the Offering nor the Securities have been registered under federal or state securities laws.
No governmental agency has reviewed or passed upon this Offering or the Securities. Neither the Offering nor the Securities have been registered under federal or state securities laws. Investors will not receive any of the benefits available in registered offerings, which may include access to quarterly and annual financial statements that have been audited by an independent accounting firm. Investors must therefore assess the adequacy of disclosure and the fairness of the terms of this Offering based on the information provided in this Form C and the accompanying exhibits.
The Issuer's management may have broad discretion in how the Issuer uses the net proceeds of the Offering.
Unless the Issuer has agreed to a specific use of the proceeds from the Offering, the Issuer’s management will have considerable discretion over the use of proceeds from the Offering. You may not have the opportunity, as part of your investment decision, to assess whether the proceeds are being used appropriately.
The Intermediary Fees paid by the Issuer are subject to change depending on the success of the Offering.
At the conclusion of the Offering, the Issuer shall pay the Intermediary the greater of (A) the amount determined pursuant to the following schedule: (1) zero percent (0%) of any amounts raised up to $100,000.00 and (2) three percent (3%) of any amounts raised exceeding $100,000.01 but not exceeding $5,000,000.00 in the Offering or (B) a cash fee of fifteen thousand dollars ($15,000.00). The compensation paid by the Issuer to the Intermediary may impact how the Issuer uses the net proceeds of the Offering.
The Issuer has the right to limit individual Investor commitment amounts based on the Issuer’s determination of an Investor’s sophistication.
The Issuer may prevent any Investor from committing more than a certain amount in this Offering based on the Issuer’s determination of the Investor’s sophistication and ability to assume the risk of the investment. This means that your desired investment amount may be limited or lowered based solely on the Issuer’s determination and not in line with relevant investment limits set forth by the Regulation CF rules. This also means that other Investors may receive larger allocations of the Offering based solely on the Issuer’s determination.
The Issuer has the right to extend the Offering Deadline.
The Issuer may extend the Offering Deadline beyond what is currently stated herein. This means that your investment may continue to be held in escrow while the Issuer attempts to raise the Target Offering Amount even after the Offering Deadline stated herein is reached. While you have the right to cancel your investment in the event the Issuer extends the Offering Deadline, if you choose to reconfirm your investment, your investment will not be accruing interest during this time and will simply be held until such time as the new Offering Deadline is reached without the Issuer receiving the Target Offering Amount, at which time it will be returned to you without interest or deduction, or the Issuer receives the Target Offering Amount, at which time it will be released to the Issuer to be used as set forth herein. Upon or shortly after the release of such funds to the Issuer, the Securities will be issued and distributed to you.
The Issuer may also end the Offering early.
If the Target Offering Amount is met after 21 calendar days, but before the Offering Deadline, the Issuer can end the Offering by providing notice to Investors at least 5 business days prior to the end of the Offering. This means your failure to participate in the Offering in a timely manner, may prevent you from being able to invest in this Offering – it also means the Issuer may limit the amount of capital it can raise during the Offering by ending the Offering early.
The Issuer has the right to conduct multiple closings during the Offering.
If the Issuer meets certain terms and conditions, an intermediate close (also known as a rolling close) of the Offering can occur, which will allow the Issuer to draw down on seventy percent (70%) of Investor proceeds committed and captured in the Offering during the relevant period. The Issuer may choose to continue the Offering thereafter. Investors should be mindful that this means they can make multiple investment commitments in the Offering, which may be subject to different cancellation rights. For example, if an intermediate close occurs and later a material change occurs as the Offering continues, Investors whose investment commitments were previously closed upon will not have the right to re-confirm their investment as it will be deemed to have been completed prior to the material change.
Investors will grant the Chief Executive Officer of the Company an irrevocable proxy with broad power and authority to vote their shares and execute consents on their behalf.
In connection with investing in this Offering, each Investor will irrevocably appoint the Chief Executive Officer of the Issuer, as such Investor’s sole and exclusive proxy, to the maximum extent permitted under the Delaware General Corporation Law, with full power of substitution and resubstitution and power to act alone, as the Investor’s proxy and attorney-in-fact, to vote and exercise any and all voting rights with respect of the Securities that are owned or may be owned by such Investor, whether directly or indirectly, including, for the avoidance of any doubt, as a holder of any securities entitlement in the Securities, by the Investor and any and all other shares or securities of the Company issued or issuable in respect thereof on or after the date hereof (together, the “Proxy Shares”). The Chief Executive Officer will be authorized and empowered to act as the Investor’s proxy to vote, and consent with respect to, the total number of Proxy Shares in respect of the Investor at every annual and special meeting of the stockholders of the Issuer, including any postponement, recess or adjournment thereof, or in any other circumstance, however called (each a “Meeting”), and to execute consents, approvals and waivers on any matter submitted to the undersigned or any other class of capital stock of the Issuer for written consent or written resolution, or to vote at a meeting of stockholders or to express consent or dissent to corporate action in writing without a meeting (including, without limitation, the power to execute and deliver written consents pursuant to Section 228(a) of the Delaware General Corporation Law or as otherwise authorized thereunder). Each Investor will further revoke any and all prior proxies given by such Investor with respect to the Securities or the Proxy Shares. The proxy will be coupled with an interest and be irrevocable until, and each Investor will agree not to grant any subsequent proxies with respect thereof that will become effective prior to, the tenth anniversary of the date such Investor’s subscription agreement is accepted by the Issuer, upon which date the proxy will terminate, but until such date, it will remain in full force and effect, including, for the avoidance of any doubt, upon and after the issuance and delivery of the Securities to the Custodian. Thus, by participating in the Offering, Investors will grant broad discretion to the Chief Executive Officer of the Issuer to take various actions on their behalf, and Investors will essentially not be able to vote upon matters related to the governance and affairs of the Issuer nor take or effect actions that might otherwise be available to holders of the Securities. Investors should not participate in the Offering unless the Investor is willing to waive or assign certain rights that might otherwise be afforded to a holder of the Securities and grant broad authority to the Chief Executive Officer to take certain actions on behalf of the investor. Currently, Zac Moseley, our Chief Executive Officer, will have the authority with the irrevocable proxy to direct the vote and vote the Securities at his discretion on all matters to be voted upon by stockholders, including with respect of any action by written consent. As a result, Mr. Moseley may be able to determine or significantly influence any action requiring the approval of our stockholders, including the election of our board of directors, the adoption of amendments to our Charter and bylaws, and the approval of any merger, consolidation, sale of all or substantially all of our assets, or other major corporate transaction. Mr. Moseley may have interests that differ from yours and may vote in a way with which you disagree and which may be adverse to your interests.
The Custodian shall serve as the legal title holder of the Securities. Investors will only obtain a beneficial ownership in the Securities.
The Issuer and the Investor shall appoint and authorize the qualified third-party Custodian for the benefit of the Investor, to hold the Securities in registered form in the Custodian’s name or the name of the Custodian’s nominees for the benefit of the Investor and Investor’s permitted assigns.
The Securities will not be freely tradable under the Securities Act until one year from when the securities are issued. Although the Securities may be tradable under federal securities law, state securities regulations may apply, and each Investor should consult with their attorney.
You should be aware of the long-term nature of this investment. There is not now and likely will not ever be a public market for the Securities. Because the Securities have not been registered under the Securities Act or under the securities laws of any state or foreign jurisdiction, the Securities have transfer restrictions and cannot be resold in the United States except pursuant to Rule 501 of Regulation CF. It is not currently contemplated that registration under the Securities Act or other securities laws will be effected. Limitations on the transfer of the Securities may also adversely affect the price that you might be able to obtain for the Securities in a private sale. Investors should be aware of the long-term nature of their investment in the Issuer. Each Investor in this Offering will be required to represent that they are purchasing the Securities for their own account, for investment purposes and not with a view to resale or distribution thereof. If a transfer, resale, assignment or distribution of the Security should occur, the transferee, purchaser, assignee or distribute, as relevant, will be required to sign a new Omnibus Nominee Trust Agreement (attached as Exhibit D). Additionally, Investors will only have a beneficial interest in the Securities, not legal ownership, which may make their resale more difficult as it will require coordination with the Custodian.
Investors will not be entitled to any inspection or information rights other than those required by law.
Investors will not have the right to inspect the books and records of the Issuer or to receive financial or other information from the Issuer, other than as required by law. Other security holders of the Issuer may have such rights. Regulation CF requires only the provision of an annual report on Form C and no additional information. Additionally, there are numerous methods by which the Issuer can terminate annual report obligations, resulting in no information rights, contractual, statutory or otherwise, owed to Investors. This lack of information could put Investors at a disadvantage in general and with respect to other security holders, including certain security holders who have rights to periodic financial statements and updates from the Issuer such as quarterly unaudited financials, annual projections and budgets, and monthly progress reports, among other things.
There is no present market for the Securities and we have arbitrarily set the price.
The offering price was not established in a competitive market. We have arbitrarily set the price of the Securities with reference to the general status of the securities market and other relevant factors. The offering price for the Securities should not be considered an indication of the actual value of the Securities and is not based on our asset value, net worth, revenues or other established criteria of value. We cannot guarantee that the Securities can be resold at the offering price or at any other price.
Each Investor must purchase the Securities in the Offering for Investor’s own account for investment.
Each Investor must purchase the Securities for its own account for investment, not as a nominee or agent, and not with a view to, or for resale in connection with, the distribution thereof, and each Investor must represent it has no present intention of selling, granting any participation in, or otherwise distributing the same. Each Investor must acknowledge and agree that the Subscription Agreement and the underlying securities have not been, and will not be, registered under the Securities Act or any state securities laws, by reason of specific exemptions under the provisions thereof which depend upon, among other things, the bona fide nature of the investment intent and the accuracy of the Investor representations.
Investors purchasing the Securities in this Offering may be significantly diluted as a consequence of subsequent
The Securities being offering will be subject to dilution. The Issuer may issue additional equity to employees and third-party financing sources in amounts that are uncertain at this time, and as a consequence holders of Securities swill be subject to dilution in an unpredictable amount. Such dilution will reduce an Investor’s control and economic interests in the Issuer. The amount of additional financing needed by Issuer will depend upon several contingencies not foreseen at the time of this offering. Each such round of financing (whether from the Issuer or other investors) is typically intended to provide the Issuer with enough capital to reach the next major corporate milestone. If the funds are not sufficient, Issuer may have to raise additional capital at a price unfavorable to the existing investors, including the purchaser. The availability of capital is at least partially a function of capital market conditions that are beyond the control of the Issuer. There can be no assurance that the Issuer will be able to predict accurately the future capital requirements necessary for success or that additional funds will be available from any source. Failure to obtain such financing on favorable terms could dilute or otherwise severely impair the value of the Securities.
There is no guarantee of a return on an Investor’s investment.
There is no assurance that an Investor will realize a return on their investment or that they will not lose their entire investment. For this reason, each Investor should read this Form C and all exhibits carefully and should consult with their attorney and business advisor prior to making any investment decision.
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