BEAMSTART Logo

HomePeopleProfile

Jasmine Sungu

Founder, Olympian Motors 


Join Date

October 2024

Gender

Not Specified

Age

Not Specified


About Jasmine Sungu

Previously a Business Development Lead at Cisco. Prior to that, Jasmine worked at IBM & EY as a managing consultant in the automotive and mobility industry. She started her career at Merrill Lynch as a BD analyst. She holds a BA in Economics from NYU.

Companies & Work

Olympian Motors

Olympian Motors

Olympian Motors is an electric vehicle company, based in New York.

We are manufacturing electric vehicles with our innovative 'modular' vehicle & drivetrain architecture (MVDS), providing Olympian with strong cost and lead-time advantages compared to legacy automakers like Tesla and Ford.

Olympian is disrupting 120+ years old automotive industry and targeting to capture 7% market share in the U.S. automotive market by 2030.

We changed the status-quo in automotive design, and bring aesthetic, color, experience and minimalism back to the cars.

Olympian MVDS has a 'Lego-like' architecture and built on 4-core-hardware and 2-software modules. We achieved 80% reduction in tooling & machinery costs and built ~60% faster production lead time.

We aim to reinvent the car manufacturing and bringing agility, speed and cost-efficiency back to the U.S. automotive industry.

+ Received 214 pre-orders for Olympian Model O1 ($17M+ pre-booked revenue)
+ Started manufacturing our EVs in Brooklyn & Detroit facilities. 2023 capacity: 320 vehicles
+ Pending traffic approval from NHTSA
+ Modular vehicle/drivetrain + Modular manufacturing: 4-hardware + 1-sofware modules. ~60% faster production lead time. 80% reduction in tooling, fitment and labor expenses.
+ Commercial Launch in Q3/2023. Unlike other EV companies, we don't waste time/resources. (It took 9+ years for Lucid and 11+ years for Rivian to make their first shipment).
+ Super-competitive battery efficiency in urban areas (Olympian early prototypes achieved slightly better miles/kwh efficiency than Tesla Model 3 and Rivian).
+ Carbon-sequestered and recyclable materials for +4% of vehicle components.


Olympian rejects today's commoditized and banal car experience.
+ We challenge the status-quo in automotive.
+ We prioritize aesthetic, nature and minimalism.
+ We use steel and wood in Olympian cars rather than not cheap plastic and toxic chemicals.
+ We have minimalistic cockpit, powered by Olympian Operating System (OOS)

Share This Profile

Featured Members from United States

Gabriel Bayomi

Founder, Openlayer

Brandon Curtis

CEO of Next Gen Calls

Varand Abadi

CEO of Fanclan

Arjan Guglani

Founder, Gander

BEAMSTART

BEAMSTART is a global entrepreneurship community, serving as a catalyst for innovation and collaboration. With a mission to empower entrepreneurs, we offer exclusive deals with savings totaling over $1,000,000, curated news, events, and a vast investor database. Through our portal, we aim to foster a supportive ecosystem where like-minded individuals can connect and create opportunities for growth and success.

© Copyright 2024 BEAMSTART. All Rights Reserved.