- For the second time in three years, Saleen is seeking private investment.
- The company still wants to launch its long-awaited mid-engined S1 sports car.
- While Saleen has fallen from its heights, it still offers several enticing models.
Saleen has been on a wild ride over the past two decades, from the highs of the S7 supercar in the early 2000s, through the lows of a failed joint venture with a Chinese firm that crippled the company. Now the car manufacturer is offering members of the public the chance to own a small piece of it.
Saleen has launched a page on Invown to seek investment in exchange for common stock. It’s encouraging investments ranging from $500 to over $50,000, with different levels offering unique perks.
Read: Saleen Hands The Pen To The People For Its Next American Supercar
For example, if you invest $1,500, you will receive a small ownership stake and early access to announcements of new Saleen vehicles before their public release. Invest $5,000, and you receive an invitation to a live virtual investor event from the man himself, Steve Saleen.
An investment of $10,000 will net you a tour of a Saleen facility, a $25,000 investment includes an in-person meeting with Steve Saleen, and a $50,000 investment includes a 5 percent discount on a Saleen vehicle and a 1-on-1 with the company’s founder at a racetrack, alongside a private dinner with him.
Curiously, no information is provided about Saleen’s market value, and, as such, it’s unclear what kind of stake a $1,000 or a $50,000 investment will get you. This also isn’t the first time Saleen has sought investment from the public, promising to use the funds to support its future growth.
Saleen Has Done This Before
In 2023, Saleen launched a similar campaign on StartEngine, ultimately raising $1.054 million with the promise to finally launch the Saleen S1 after almost a decade of waiting. This campaign valued the company at $34.48 million, and it offered very similar perks to those in the current campaign. Despite getting over $1 million, the S1 is nowhere to be seen.
It’s also worth noting that anyone who invests in Saleen will only see a return if the company gets acquired or goes public through an IPO. As such, investors would be wise to do their due diligence to ensure Saleen uses their money wisely and doesn’t snatch it and run.
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