Comment by zooweemama
4 days ago
This is an honest question for my understanding: how would a scam like this work? Take investor money and spend it on yourself? Or give yourself an outrageous salary?
4 days ago
This is an honest question for my understanding: how would a scam like this work? Take investor money and spend it on yourself? Or give yourself an outrageous salary?
I wouldn't call it an outright scam. But yes, you pay yourself a nice salary, travel around the world to meet potential OEMs, you may fly in private jets, you stay in fancy hotels, you have business meetings in Michelin star restaurants.
The motorcycle is real, you can buy it.
I worked for a company in Germany in 2024 and the CEO was quite open about using public grant money as a free gift. The company wasn't build around it but it was a significant part of income. He made engineers sign papers that they had worked on some AI stuff which they didn't. A demonstrator was made with yolo by an intern. He said they have just no competency to figure that out and also that they actually don't want to figure it out.
Or look at the EuroLLM: sounds good on paper, never heard about it again. Grant grabbing is a real industry in Europe with companies specialised on creating grant applications and forming consortiums.
> The motorcycle is real, you can buy it.
Pretty major point of difference though isn't it? They claim this will be out there in Q1 2026, giving a chance for sceptics and industry professionals to tear it down. If this is really the long con, they'd at least give a little time for the cheques to clear before their wild claims could be assessed?
The other possibility is that they have very little moat with this new battery tech, because it's so easy to manufacture. Being the first mover might be their only play, and it's only a matter of time before someone else figures it out (or it leaks).
They "lie" but it's helping the company to get more money because they basically solved it in the lab.
Independent of were they are it will Help them to get more money.
And it either leads to success or firing and lost capital