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How to Convince Investors of Your Automotive Startup + Your Free Checklist

Richard Smith
By
1 min reading time

This article will introduce you to several types of investors in an automotive startup, the best ways to find startup funding, how to find the right investors for your project, and the best ways to convince them of your vision with a compelling story.

TABLE OF CONTENTS:
> How to find investors to support your vision
> Working with SPACs to accelerate your project
> 5 vital cornerstones you need to win over investors for your vision
> The importance of an airtight business case
> Convincing automotive investors of the story behind your vehicle 
> Present your vision with a compelling story
> Final Notes

Download Image 8 Things Investors Want to See; Whitepaper; Magna

Financing a giant project such as automotive startup funding is one of the largest challenges on the way from the vision to the first produced vehicle. As financing everything upfront is most likely not possible, the search for suitable – usually private – investors is one of the most important tasks for new players on the vehicle market.

Even more important, a secure financial basis is beneficial for winning them as development and manufacturing partners are interested in the long-term success of the project.

three people are talking about their automotive startup and the startup funding

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Back to all Articles Richard Smith

Richard Smith is Vice President Finance of Magna Steyr since 2020. Smith joined Magna for the first time in 2004, followed by holding top management positions in the field of Finance and Controlling within MI Developments Inc. and Canadian Apartment Properties Real Estate Investment Trust.

Guide for Entering a New Vehicle Market | Magna

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