I started following Edison because of the Hybrid trucks. I reserved a pickup conversion because of their right to repair and no planned obsolescence. I will be investing as soon as the stock becomes public because I think Edison is growing its business correctly. Yes it is going to be a few years before my Pickup Conversion is done. Yes it will be years before the average trucker can order a truck. But that time will be spent making a product that is just as robust as the business behind it. Just like the logs that Chace has hauled down the mountains, the best ones take time to grow and mature. Those fast growing pines only yield crappy warped lumber no one wants, just like a Nikola truck.
Not to mention that they are pulling the shady Tesla tactic of charging to reserve orders with no real roadmap or R/D complete. Already doing real world work on the pickup conversion kits.
For over half of my life, I've tried to live by the axiom, "Set a pace you can maintain indefinitely.", and it has saved me from burning out and failing countless times. That doesn't appear to be taught at *_ALL_* nowadays. It's good to see a business having that set in stone. Bravo, lads!
There are many challenges to slow and steady surviving against the challenges of changing technology, competition, regulation and markets. Wait until a whale comes in and offers to buy out the current investors at a price premium they can't say no to.....
Love what y'all are doing! I am super impressed by what Edison has already completed and achieved with only crowdfunding! They already built two prototypes in such a short time frame. Other companies with millions of dollars of capital haven't even gotten that far... So lucky that we can follow the process! Not many companies are that transparent these days.
Great to see a simple and strait forward plan, it's better to have more demand than production can build, than to have more trucks that you can sell. Slower, steady growth i think will pay off in the end with a better product when you ramp up production.
Great plan Chase, I totally agree, everyone just needs to be patient and nurture the company into growth moving forward slowly ramping things up into each year, there's so many variables to consider. Great job, thank you so much for the updates, I believe in your company and plan, you guys will be successful as long as things reasonably go to plan. I wish you every success. Following and supporting from Down Under 💪🇨🇦🇦🇺🍻
This guy is still my hero. Good choices are going to make all his dreams come true! He has zero clue how wonderfully all these dreams of his are about to unfold.
I’m so excited. I cannot wait until retrofits start swinging in production. Edison has the feel of what buying a new truck in my grandfathers day was. You buy it with confidence because you know that the company is going to be around, and they care about the end user. In addition, I’m American but I feel like you guys are my neighbors. Because you hold the same values that good honest blue collar folks have. Where I’m from we support our neighbors because we want to see them succeed.
I am an investor but unlike other investments I feel that I am part of a family. I compare the plan to what SpaceX is doing vs Blue Origin. SpaceX has constructed prototypes, each one an improvement over the previous, they learn and improve the product, Heritage auto companies put out a product and often have massive recalls. One company I worked for we observed that we did not seem to have time to do it right the first time but found time to fix it later. Edison is on the right track and I am 100 percent with them.
I'm only going to echo what a lot of people have said and say this is an exciting journey to follow and I love what you're doing with the company Chace, doing things the right way. Would love to see these over in Europe. Is that something you'd look at doing in the future once the business was at a certain level, or do you think you'll stick to NA? Either way, I hope you become as big as PACCAR or Daimler, you strike me as being cut from the same cloth as Mate Rimac, someone I'd compare you as closer too in spirit tbh, Mate is a gear head just like you whos interested in the technology and making it the best, rather than someone trying to tell me it's this rather than that. You can have both. Look forward to the next update, watching from the UK 🇬🇧 🇨🇦 🙂
Keeping it "corpo-free" and somewhat independent, is a keystone toward building a powerful brand, one that is desired by the common folk, and not being pushed as "best of the best" by someone that doesnt care about quality and sustainability. Going toward repeirability and sustainability of the product, and placing that product above the brand name will make alot of other known names be angry, and that is a good thing. Dont bend the knee before anyone but your customers satisfaction. Strong relations will make strong company. I just hope the world sees it that way too.
I can’t agree with you more, think what most people forget is that you don’t even have a production facility built much less set up yet for high production numbers. I think you have a fantastic product but it’s just going to take some time to be able to put out higher production and quality. Keep up the great work and I hope to get the opportunity to see and maybe operate one of your rigs one day 👍
You're absolutely on the right track guys! Best of Luck! I think it's best to do as you plan - small batches - 'low range' if you will... I think this will be successful in the long run - allowing you to flex your plans as the market and the technology and the applications, mature. All Ahead Full Guys!! I wish I had a big chunk of change to put with you - I would for sure!
Following the early Tesla development model the way you described is great, just don't do their next step of promising things you can't deliver to court investment and selling Roadsters you never intend to actually build. Good luck!
I remember the last time we bought a bed truck cab and chassis C500 8x8 like 7 something years ago, it was 500k CAD just for the cab and chassis. Not including our rig up. We sold it for 1mil.
I wish you guys the very best. Maybe some day, the diesel won't be needed. Right now, I think you made the right choice. I expect that at some point, the engines will change to a smaller one. You only will need and engine to meet the continuous need for going down the highway. Then you will step down to one that can keep you going at 100k when batteries get better. Then eventually, some more batteries will replace the engine. Each step will happen as it makes sense to do.
Just throwing it out there I was watching Highway Thru Hell last night and you were on there. Episode where you used a skid steer to hold a trailer together while the other dudes rigged more lines to the trailer to keep it from falling apart. Good times.
I would focus on retro kits for semi kits and pick up kits. You could be another Fitzgerald glider kit that would be nice. Please do that. because you can drive all over the United States and Canada I’m sure and see old trucks parked in fields and yards. The only thing you would have to do is take the engine out and rear end out it and put your retro kit in and be in business. That would be awesome.
what about selling patented kits ( basically what works, and innovation over time ) ; like a business based on affiliation. in Europe, trucks needs different requirements, then in Canada, or the US. but what is common everywhere is a worktruck with low maintenance, and fuel operating cost ( did I say fuel cost first :) also diversify of the fuel source; Diesel/Gasoline/Hydrogen/LNG is a contributing factor, because of subsidised programs/constraints in operation.
As with any young automotive company seeing success, I’m sure there are some big players out there who would like to take you out of the market pool by offering to buy you out, blocking you with IP infringements, other kinds of financial and political pressure, etc.. how do you plan to avoid those roadblocks as you grow? It seems pretty clear you will refuse to be bought out, but how do you plan to navigate the other challenges?
What about retro fiting conventional trucks to hybrid because having a semi with front wheel drive would be nice well selling or moving cows or grain in the fall or winter
Let us know when you partner out with someone to build custom hybrid RVs or start building them in house. As an Alaskan who bounces back and forth between AK and the lower 48, I want a motorhome to slay the Alcan each year
It's the best way for the goal. I do believe big OEMs could build their own "copies" in great volumes in a shorter time, but believe they won't because it doesn't fit in their corporate thinking. A new company without the intention of doing something sleek and hard to service is what don't be copied. About the Tesla Roadster. It was not a retrofitted Elise. They entered into agreements with Lotus but in the end the production had like 7% common parts. It's just that the outside looks similar.
I love your company, hope everything goes well and you're going to become one of the biggest truck manufacturers in semi-near future At this point I'm more worried that our environment will die in that time than your company =] / =[
I wonder if this kind of vehicle would be good for an offroad recovery vehicle. They probably wouldnt get much use out of the regen, but the torque, ability to use the batteries for winches and welders, and ability to customize what each wheel does would all be advantages. But how well do the components handle being ground against big ol' boulders?
I do have a question, have you guys thought about big items for repair(drive motors and bearing in them, fixing the motors themselves) , repair manuals and specialty tools? How about diagnostic hardware and software and service classes on how to repair the trucks. I'm not trying to rain on your parde, just the opposite. I want you to succeed.
just thought of a thing... a truck with a swivel around seat to operate a crane from inside the cab, facing backward. someone must have a use for a thing like that. the problem i see is the suspension seats, they're not designed for that.
Mom did work (back in the ) in credit!! The worst part for her was to go and repo because a customer didn't make final payment!!! So she taught us to manage funds like it's a baby! Dad used to joke that with penny she'd make 3!!!! No debt is a great way to start any buisness
Super excited for the future of Edison Motors! I work in the aggregate hauling business driving on dirt, mud, and road about 12-14 hours a day and a truck like this is perfect for this type of work I cant count the amount of times I or my trucks have been stuck in all sorts of situations. Was wondering if you ever consider a conversion kit for a semi truck would love to see my pete 389 rock this layout? Keep at it!
If the BC Legislature reintroduces and passes a bill to extend EV rebates to include Semi retrofits (M213 Clean Energy Amendment Act, 2024) this year, would Edison Motors consider doing Semi retrofits , or a retrofit kit in 2026?
That engine is overkill for most hybrid trucks. That said, I can see a use case for the 770 hp Scania V8 that puts out 1/2 Megawatt of power being used with a trailer full of batteries to make a rolling mobile EV recharging station that would roll up to like a concert venue and provide power to thirsty EV's
What are your plans for the retrofit kits and any other American sales if the tariffs actually happen? They will go from half the price of a new truck to the price of a new truck! Terrible! Will American retrofit kit buys be able to take a vacation up to a shop in Canada, get some work done, and drive back down when it’s done? I bought an Airstream as was always the plan, but when it’s time to retrofit my 97’ F-250 7.3 tow vehicle, I’d love to come visit the area if an authorized installer for a while.
I know you said trucks are yur passion but, what about school bus'. The conversion should be less expensive than a heavy truck or even a pick up as you dont need 1/2 million ft lbs of torque in a bus. you dont need 600 hp in a bus, and their typical usage, under an hour per trip could mean smaller less expensive batteries. Food for thought.
I love the ethos of the Edison brand, but there are only a handful a years to capitalize and cement their place in the market. The "hybrid truck" concept is not some wildly novel concept, there's nothing to patent and prevent larger competitors from competing and doing the same things Edison is doing. I think focusing on building kits and bullet proof repairable vocational trucks is the logical business choice. In 5+ years when electrics are really starting to take hold, it's going to be much harder to compete with all the big boys / china competition that will saturate the low end of the market.
The Edison low overhead cost (no glass 3 story office building, no dei hires, a CEO that is also the hands on President) is the competitive advantage that no giant manufacturers can match at low volume.
In this current environment, you've definitely got a lot of support as you expand, even if they don't know it yet. I know it's years off if ever, but there's a massive market for diversifying into maintainable personal vehicles with sensible and useful features that people would buy in a heartbeat over the crap churned out by the big names in the last few years. People need a break from companies trying to exploit everything and everyone for immediate profit. Another thing that's years off (or decades, really) - I hope Edison doesn't fall into the trap mindset of endless growth. While growth is good for the consumer and the producer at first, getting to more people and all that, there is a limit to every market, and despite what so many companies seem to think these days there's no shame or lack of sense in letting the company level off at a stable point in a given market and continue to provide the service and products that work. Things are not so simple as profit being only one number, particularly with competing manufacturers trying to provide the same thing - profit is for staying afloat, not for pocketing, and a year with no growth is still a year with profit. Any partners and eventually successors in the company's leadership absolutely need to have a mindset like yours.
Why make an entire truck? Will the lawyers and accountants among your customer base agree to buy your truck even if it’s a quality product? Probably not on a large scale because they want and need the assurance of parts and service that larger competitors can provide. Granted I don’t know details of your business plan but I think converting existing fleets that are no longer reliable or in compliance to environmental regulations would meet the volume you need without the complexities of launching a new brand.
I believe Edison is a fan of retrofit kits for old Semi's. I believe there are Canadian government grants to build new Semi's and there are no govt incentives for semi retrofits at this time. So to get the company off the ground, Edison is building new only. That said, I think it's only a matter of time for retrofit kits.
True. I should have said the perception of. The bean counters want someone to make them feel good about their decisions. Maybe Edison is on ti something with limited production as a prototype. Once it’s proven to be a better solution then and only then can it replace existing fleets.
Make sure you keep close ties to communities and local and regional governments. Unfortunately companies trying to grow slowly and sustainably occasionally need protection from companies looking at pure short term gains. I would just hate to see some company watch Edison get off the ground, realize there is a market and then undercut the market on VC running at a loss for 4 years to snuff out smaller companies and then when all the competition is gone jack up all the prices.
I think they still will have enough costumers because they built a truck for truckers not the moneycounter and every business that wants to buy a good truck not a cheap truck will go to Edison.
Just stay out of debt, and do not let your company be taken over by venture capitalists who only want to make fast/large profits. (If not in debt, how can your business fail?) Within thos paramaters, no reason not to grow quickly in production capability/volume.
If Edison Motors became a publicly traded stock, they would have to do the best thing for profitability of the company. Which could mean the common sense values of right to repair would be compromised. Am I wrong about this? Only asking
I assume the reason you went hybrid is the lack of battery energy density/lack of chargers. Given the improvements in battery energy density, charging speeds and performance in cold weather that we see in China today; What energy density would make your trucks pure electric?
The batterys are not even the main problem, lets asume you have batterys that could handle all electric logging truck for 18 hours per day, you still need enough electric power for the charger if you have like 10-20 trucks to charge you need an deticated high voltage line and transformer what makes the upfront cost way to high and you cant sell it if it doesnt work.
@@jonasstahl9826 Good point, but isn't that still the case with Hybrids? 20 trucks come back with 900 KWH batteries at the end of the day needing to be charged. If the cost/benefit revolves around saving $ by using electricity vs diesel but it's too expensive to recharge the electricity? Do you need a minimum sized fleet plus a Megapack?
@astranc each truck has a built-in generator. If I remember right, they could run the generator for one hour if the battery was completely drained. No more infrastructure needed.
@@astranc Not realy the Edison Hybrid only has like 300kwh Battery if I remember correctly. If we base of the Tesla Semi with about 1000kwh and 500 miles highway range, the logging truck would need like 3000 to 4000kwh for battery powered only. In there case where they drive uphill empty and downhill loaded they might dont need to charge at all and even produce some electricity. Means the generator is more like a backup. Diesel is probably even cheaper given that they are allowed to use the untaxed red diesel and would have to invest alot in the electric infrastructur to be able to use it for charging.
What are you talking about? our last video was about new trucks. 2 videos before that was announcing all our new trucks We only really launched our investment raise 4 weeks ago.
If people are investing they have a right to know what our plan is. What are other companies going to do? Start testing and going slow focusing on quality product. I hope they do steal our plan
Watching your channel is like diving into a world of fun adventures and incredible events. Keep surprising and inspiring us with your bright talent and creativity!🫶⌚️🐼
I started following Edison because of the Hybrid trucks. I reserved a pickup conversion because of their right to repair and no planned obsolescence. I will be investing as soon as the stock becomes public because I think Edison is growing its business correctly. Yes it is going to be a few years before my Pickup Conversion is done. Yes it will be years before the average trucker can order a truck. But that time will be spent making a product that is just as robust as the business behind it. Just like the logs that Chace has hauled down the mountains, the best ones take time to grow and mature. Those fast growing pines only yield crappy warped lumber no one wants, just like a Nikola truck.
Not to mention that they are pulling the shady Tesla tactic of charging to reserve orders with no real roadmap or R/D complete. Already doing real world work on the pickup conversion kits.
For over half of my life, I've tried to live by the axiom, "Set a pace you can maintain indefinitely.", and it has saved me from burning out and failing countless times. That doesn't appear to be taught at *_ALL_* nowadays. It's good to see a business having that set in stone. Bravo, lads!
Slow and Steady
It's not a sprint, it's an endurance race
Keep on going Strong
There are many challenges to slow and steady surviving against the challenges of changing technology, competition, regulation and markets. Wait until a whale comes in and offers to buy out the current investors at a price premium they can't say no to.....
Love what y'all are doing! I am super impressed by what Edison has already completed and achieved with only crowdfunding! They already built two prototypes in such a short time frame. Other companies with millions of dollars of capital haven't even gotten that far... So lucky that we can follow the process! Not many companies are that transparent these days.
Great to see a simple and strait forward plan, it's better to have more demand than production can build, than to have more trucks that you can sell. Slower, steady growth i think will pay off in the end with a better product when you ramp up production.
Great plan Chase, I totally agree, everyone just needs to be patient and nurture the company into growth moving forward slowly ramping things up into each year, there's so many variables to consider.
Great job, thank you so much for the updates, I believe in your company and plan, you guys will be successful as long as things reasonably go to plan.
I wish you every success.
Following and supporting from Down Under 💪🇨🇦🇦🇺🍻
I can't buy much, but I love following their success.
This guy is still my hero. Good choices are going to make all his dreams come true! He has zero clue how wonderfully all these dreams of his are about to unfold.
I’m so excited. I cannot wait until retrofits start swinging in production. Edison has the feel of what buying a new truck in my grandfathers day was. You buy it with confidence because you know that the company is going to be around, and they care about the end user. In addition, I’m American but I feel like you guys are my neighbors. Because you hold the same values that good honest blue collar folks have. Where I’m from we support our neighbors because we want to see them succeed.
The fact you have a business plan shows promise already. The fact you're being tighter than a Mennonite with a $100 bill is fantastic.
I am an investor but unlike other investments I feel that I am part of a family. I compare the plan to what SpaceX is doing vs Blue Origin. SpaceX has constructed prototypes, each one an improvement over the previous, they learn and improve the product, Heritage auto companies put out a product and often have massive recalls. One company I worked for we observed that we did not seem to have time to do it right the first time but found time to fix it later. Edison is on the right track and I am 100 percent with them.
Edison is in this for the "long haul" and not a get rich quick scheme.
I love the small scale growth business plan. Keep on it. Don’t deviate.
I'm very happy to have found your channel. Your videos are always so high quality and interesting. Keep it up!🌝❤️🕊
Invested and honestly I did it as much because I want these trucks in the market as anything else. The way the auto industry works is poison
This is the right way to ##KeepMovingForward...
I'm only going to echo what a lot of people have said and say this is an exciting journey to follow and I love what you're doing with the company Chace, doing things the right way.
Would love to see these over in Europe. Is that something you'd look at doing in the future once the business was at a certain level, or do you think you'll stick to NA?
Either way, I hope you become as big as PACCAR or Daimler, you strike me as being cut from the same cloth as Mate Rimac, someone I'd compare you as closer too in spirit tbh, Mate is a gear head just like you whos interested in the technology and making it the best, rather than someone trying to tell me it's this rather than that. You can have both.
Look forward to the next update, watching from the UK 🇬🇧 🇨🇦 🙂
Keeping it "corpo-free" and somewhat independent, is a keystone toward building a powerful brand, one that is desired by the common folk, and not being pushed as "best of the best" by someone that doesnt care about quality and sustainability. Going toward repeirability and sustainability of the product, and placing that product above the brand name will make alot of other known names be angry, and that is a good thing. Dont bend the knee before anyone but your customers satisfaction. Strong relations will make strong company. I just hope the world sees it that way too.
FOLLOW YOUR DREAM! .... CONGRATS!..... keep calm and carry on
I can’t agree with you more, think what most people forget is that you don’t even have a production facility built much less set up yet for high production numbers. I think you have a fantastic product but it’s just going to take some time to be able to put out higher production and quality. Keep up the great work and I hope to get the opportunity to see and maybe operate one of your rigs one day 👍
You're absolutely on the right track guys! Best of Luck!
I think it's best to do as you plan - small batches - 'low range' if you will... I think this will be successful in the long run - allowing you to flex your plans as the market and the technology and the applications, mature.
All Ahead Full Guys!! I wish I had a big chunk of change to put with you - I would for sure!
Following the early Tesla development model the way you described is great, just don't do their next step of promising things you can't deliver to court investment and selling Roadsters you never intend to actually build. Good luck!
You guys are killing it!!
I remember the last time we bought a bed truck cab and chassis C500 8x8 like 7 something years ago, it was 500k CAD just for the cab and chassis. Not including our rig up. We sold it for 1mil.
I wish you guys the very best. Maybe some day, the diesel won't be needed. Right now, I think you made the right choice. I expect that at some point, the engines will change to a smaller one. You only will need and engine to meet the continuous need for going down the highway. Then you will step down to one that can keep you going at 100k when batteries get better. Then eventually, some more batteries will replace the engine. Each step will happen as it makes sense to do.
I’ll be willing to wait 10 years for one of your trucks
I like this. A nice conservative approach. Not reaching to far to fast
Just throwing it out there I was watching Highway Thru Hell last night and you were on there. Episode where you used a skid steer to hold a trailer together while the other dudes rigged more lines to the trailer to keep it from falling apart. Good times.
Yeah, I forgot I was on Highway Thru Hell, that feels like it was a weird side quest at this point
Chance your dreams! 👍🇨🇦
Sounds like a good plan!
Good stuff but I think the most important part of the Edison business plan is the social media engagement to drive interest and stock purchases.
I would focus on retro kits for semi kits and pick up kits. You could be another Fitzgerald glider kit that would be nice. Please do that. because you can drive all over the United States and Canada I’m sure and see old trucks parked in fields and yards. The only thing you would have to do is take the engine out and rear end out it and put your retro kit in and be in business. That would be awesome.
They want to do that, but the government wants new trucks, so the retrofits would cost more because of missing subsidies
Thanks!
what about selling patented kits ( basically what works, and innovation over time ) ; like a business based on affiliation. in Europe, trucks needs different requirements, then in Canada, or the US. but what is common everywhere is a worktruck with low maintenance, and fuel operating cost ( did I say fuel cost first :) also diversify of the fuel source; Diesel/Gasoline/Hydrogen/LNG is a contributing factor, because of subsidised programs/constraints in operation.
Stock is available. Rock on
As with any young automotive company seeing success, I’m sure there are some big players out there who would like to take you out of the market pool by offering to buy you out, blocking you with IP infringements, other kinds of financial and political pressure, etc.. how do you plan to avoid those roadblocks as you grow? It seems pretty clear you will refuse to be bought out, but how do you plan to navigate the other challenges?
What about retro fiting conventional trucks to hybrid because having a semi with front wheel drive would be nice well selling or moving cows or grain in the fall or winter
Love the plan!
Let us know when you partner out with someone to build custom hybrid RVs or start building them in house. As an Alaskan who bounces back and forth between AK and the lower 48, I want a motorhome to slay the Alcan each year
It's the best way for the goal. I do believe big OEMs could build their own "copies" in great volumes in a shorter time, but believe they won't because it doesn't fit in their corporate thinking. A new company without the intention of doing something sleek and hard to service is what don't be copied.
About the Tesla Roadster. It was not a retrofitted Elise. They entered into agreements with Lotus but in the end the production had like 7% common parts.
It's just that the outside looks similar.
Any thoughts about conversion kits for Motorhomes down the road?
I love your company, hope everything goes well and you're going to become one of the biggest truck manufacturers in semi-near future
At this point I'm more worried that our environment will die in that time than your company =] / =[
I wonder if this kind of vehicle would be good for an offroad recovery vehicle. They probably wouldnt get much use out of the regen, but the torque, ability to use the batteries for winches and welders, and ability to customize what each wheel does would all be advantages. But how well do the components handle being ground against big ol' boulders?
I can't wait to see matts off-road recovery with an Edison fitted rig
Great stuff
make the engines "hot swappable" if an engine or generator goes down, it should be a few connectors and a couple botls to get it out and a new one in.
Someday I really wanna order a pickup from you
I do have a question, have you guys thought about big items for repair(drive motors and bearing in them, fixing the motors themselves) , repair manuals and specialty tools? How about diagnostic hardware and software and service classes on how to repair the trucks. I'm not trying to rain on your parde, just the opposite. I want you to succeed.
just thought of a thing... a truck with a swivel around seat to operate a crane from inside the cab, facing backward. someone must have a use for a thing like that. the problem i see is the suspension seats, they're not designed for that.
Mom did work (back in the ) in credit!! The worst part for her was to go and repo because a customer didn't make final payment!!!
So she taught us to manage funds like it's a baby! Dad used to joke that with penny she'd make 3!!!! No debt is a great way to start any buisness
Super excited for the future of Edison Motors! I work in the aggregate hauling business driving on dirt, mud, and road about 12-14 hours a day and a truck like this is perfect for this type of work I cant count the amount of times I or my trucks have been stuck in all sorts of situations. Was wondering if you ever consider a conversion kit for a semi truck would love to see my pete 389 rock this layout? Keep at it!
Y’all considered a profit share program to give employees a vested interest in growth, quality and efficiency.
Tesla did something like this a minted a significant number of employees turned millionaire!
I believe Chace has stated that employees also get stock in the company.
@@Sah-o5m not a fan of becoming a publicly traded corporation as that’d remove in-house control and determination of destiny.
I like your matt olive walls - it's a good shade -
Might be worth checking out the new Donut Lab hub motor system.
If the BC Legislature reintroduces and passes a bill to extend EV rebates to include Semi retrofits (M213 Clean Energy Amendment Act, 2024) this year, would Edison Motors consider doing Semi retrofits , or a retrofit kit in 2026?
It would definitely make more economic sense.
@@EdisonMotors I am contacting the Greens and MLA about this, so I wonder if I can say Edison Motors would consider ( no commitments) doing retrofits.
Great job 👏 I’m American,please let us know when we can get stocks, I can only do a few thousand, but I want to invest with you
Is there anyway I could help with testing trucks in my country?
When do you plan on putting the 770hp v8s in them? Have you considered putting the 770 scania motors into other manufacturers trucks as well?
That engine is overkill for most hybrid trucks. That said, I can see a use case for the 770 hp Scania V8 that puts out 1/2 Megawatt of power being used with a trailer full of batteries to make a rolling mobile EV recharging station that would roll up to like a concert venue and provide power to thirsty EV's
building the company the working mans way of chipping away at the goal bit by bit
What are your plans for the retrofit kits and any other American sales if the tariffs actually happen? They will go from half the price of a new truck to the price of a new truck! Terrible! Will American retrofit kit buys be able to take a vacation up to a shop in Canada, get some work done, and drive back down when it’s done? I bought an Airstream as was always the plan, but when it’s time to retrofit my 97’ F-250 7.3 tow vehicle, I’d love to come visit the area if an authorized installer for a while.
Hi there was a electric school bus company and there has been a few buses on fire.and would you look into maybe putting a school bus hybrid.
I think it would take a school bus company approaching Edison for that to happen, not the other way around.
I know you said trucks are yur passion but, what about school bus'. The conversion should be less expensive than a heavy truck or even a pick up as you dont need 1/2 million ft lbs of torque in a bus. you dont need 600 hp in a bus, and their typical usage, under an hour per trip could mean smaller less expensive batteries. Food for thought.
Nice video have you thought of a wide cab Cabover
One of the first 5 production semi trucks is a cab forward design. I don't know if it tilts.
It's in the Ten trucks underway vid about 4 vids back. 👍🏼😎
@@Sah-o5m I believe the engine is in the back and the cab does not tilt
I know that there is one coming I mean a new design
Good for you guys , when are you starting the shop in Hope?
?Hope? no. Looks like they're moving to Donald/Golden BC
Yup. Smart.
I love the ethos of the Edison brand, but there are only a handful a years to capitalize and cement their place in the market. The "hybrid truck" concept is not some wildly novel concept, there's nothing to patent and prevent larger competitors from competing and doing the same things Edison is doing. I think focusing on building kits and bullet proof repairable vocational trucks is the logical business choice. In 5+ years when electrics are really starting to take hold, it's going to be much harder to compete with all the big boys / china competition that will saturate the low end of the market.
The Edison low overhead cost (no glass 3 story office building, no dei hires, a CEO that is also the hands on President) is the competitive advantage that no giant manufacturers can match at low volume.
In this current environment, you've definitely got a lot of support as you expand, even if they don't know it yet. I know it's years off if ever, but there's a massive market for diversifying into maintainable personal vehicles with sensible and useful features that people would buy in a heartbeat over the crap churned out by the big names in the last few years. People need a break from companies trying to exploit everything and everyone for immediate profit.
Another thing that's years off (or decades, really) - I hope Edison doesn't fall into the trap mindset of endless growth. While growth is good for the consumer and the producer at first, getting to more people and all that, there is a limit to every market, and despite what so many companies seem to think these days there's no shame or lack of sense in letting the company level off at a stable point in a given market and continue to provide the service and products that work. Things are not so simple as profit being only one number, particularly with competing manufacturers trying to provide the same thing - profit is for staying afloat, not for pocketing, and a year with no growth is still a year with profit. Any partners and eventually successors in the company's leadership absolutely need to have a mindset like yours.
Why make an entire truck? Will the lawyers and accountants among your customer base agree to buy your truck even if it’s a quality product? Probably not on a large scale because they want and need the assurance of parts and service that larger competitors can provide.
Granted I don’t know details of your business plan but I think converting existing fleets that are no longer reliable or in compliance to environmental regulations would meet the volume you need without the complexities of launching a new brand.
I believe Edison is a fan of retrofit kits for old Semi's. I believe there are Canadian government grants to build new Semi's and there are no govt incentives for semi retrofits at this time. So to get the company off the ground, Edison is building new only. That said, I think it's only a matter of time for retrofit kits.
The parts and service from the larger manufacturers is not as reliable as it once was.
True. I should have said the perception of. The bean counters want someone to make them feel good about their decisions.
Maybe Edison is on ti something with limited production as a prototype. Once it’s proven to be a better solution then and only then can it replace existing fleets.
@@Sah-o5m All the pickups and medium duty trucks appear to be retrofits.
What is your strategy for retaining talent? I'm sure the guys you employ have a lot of intimate knowledge with Topsy that would be expensive to lose.
Your following the proper process, but you will meet so many on the way who will try to bring you business to a halt, stay private.
How do I invest?
Visit their website
Make sure you keep close ties to communities and local and regional governments. Unfortunately companies trying to grow slowly and sustainably occasionally need protection from companies looking at pure short term gains. I would just hate to see some company watch Edison get off the ground, realize there is a market and then undercut the market on VC running at a loss for 4 years to snuff out smaller companies and then when all the competition is gone jack up all the prices.
I think they still will have enough costumers because they built a truck for truckers not the moneycounter and every business that wants to buy a good truck not a cheap truck will go to Edison.
I invited you to come to the US. Didn't hear from you so the US may just be coming to you. Greenland first. Panama cana, then Canada
Some people don't get economics; the rest want a quick buck.
🚛
Just stay out of debt, and do not let your company be taken over by venture capitalists who only want to make fast/large profits. (If not in debt, how can your business fail?) Within thos paramaters, no reason not to grow quickly in production capability/volume.
If Edison Motors became a publicly traded stock, they would have to do the best thing for profitability of the company. Which could mean the common sense values of right to repair would be compromised. Am I wrong about this? Only asking
I assume the reason you went hybrid is the lack of battery energy density/lack of chargers. Given the improvements in battery energy density, charging speeds and performance in cold weather that we see in China today; What energy density would make your trucks pure electric?
The batterys are not even the main problem, lets asume you have batterys that could handle all electric logging truck for 18 hours per day, you still need enough electric power for the charger if you have like 10-20 trucks to charge you need an deticated high voltage line and transformer what makes the upfront cost way to high and you cant sell it if it doesnt work.
@@jonasstahl9826 Good point, but isn't that still the case with Hybrids? 20 trucks come back with 900 KWH batteries at the end of the day needing to be charged. If the cost/benefit revolves around saving $ by using electricity vs diesel but it's too expensive to recharge the electricity? Do you need a minimum sized fleet plus a Megapack?
@astranc each truck has a built-in generator. If I remember right, they could run the generator for one hour if the battery was completely drained. No more infrastructure needed.
@@astranc Not realy the Edison Hybrid only has like 300kwh Battery if I remember correctly. If we base of the Tesla Semi with about 1000kwh and 500 miles highway range, the logging truck would need like 3000 to 4000kwh for battery powered only.
In there case where they drive uphill empty and downhill loaded they might dont need to charge at all and even produce some electricity. Means the generator is more like a backup.
Diesel is probably even cheaper given that they are allowed to use the untaxed red diesel and would have to invest alot in the electric infrastructur to be able to use it for charging.
Always raising money, no new trucks.
What are you talking about? our last video was about new trucks. 2 videos before that was announcing all our new trucks
We only really launched our investment raise 4 weeks ago.
It’s too bad the public can’t invest, only “accredited “ investors 😢.
If you make perfect trucks how will you grt mantiance money?
You don't make a business plan around generating profits by maintenance. They'll make plenty of profit off new sales and retrofits
I bet you guys are some rigidity to more than one dissertation.
Here's a tip. Quit telling everyone your business plans and designs.
But that is how they sell stock. And merch.
If people are investing they have a right to know what our plan is.
What are other companies going to do? Start testing and going slow focusing on quality product. I hope they do steal our plan
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