Local Motors is breaking all the rules of automobile design and manufacturing. The start-up, based in Wareham, MA has developed a business model that incorporates crowdsourcing design, distributed manufacturing, and environmentally-efficient automobile models.
Local Motors Company Background
Local Motors was founded by Jeff Jones and Jay Rogers as students. They used grant money to research and create the Local Motors concept, resulting in a business plan that took top prize in the Pitch for Change business plan competition in 2007. By the fall of 2007, Local Motors was a business entity, and had secured $2M in funding. Jones and Rogers began building the company with three goals in mind:
