Australian Supercar Hits Jackpot After Crowd Funding Shortfall

By now we’re all familiar with the success stories of crowd funding. But using it to build the car of your dreams? It appears to have worked partially for Joss in Australia.Matthew Thomas, a designer who has worked for OEMs like BMW, Ford and Rolls-Royce had convinced investors in Central Australia to pony up most of the support for his Australian supercar vision. But it had come up about $400,000 short. RELATED: See more photos of the Joss Supercar
Australian Supercar Hits Jackpot After Crowd Funding Shortfall
According to the Australian website, ABC.net.au, the Hatzimihail family had some money lying around and was looking to invest it. Voila - Thomas’ $400k shortfall was met - with a freaking $29.5 million investment. Problem solved. For that kind of money, the Hatzimihail family could have bought anywhere from 35 to 50 of the supercars, which are pegged to cost from $600,000 up to $850,000. RELATED: See More Photos of the Hulme CanAm Supercar
Australian Supercar Hits Jackpot After Crowd Funding Shortfall
Of course, there is one problem. With that capital infusion, Thomas has lost control of his company - even though the Hatzimihail family claims it will maintain hands-off leadership. Let’s hope so. The world may not need another supercar, but it never hurts to have one as good looking as the Joss with its V-8 engine producing 563 horsepower and 412 pound-feet of torque for a carbon fiber body. ________________________________________ Click Here to Read the Original Article on BoldRide

Be part of something big