Crowdfunding has been used to deliver financing to projects ranging from fashion collections and film productions, to food trucks and the occasional work that ends up bombing while investors are left holding nothing (not even the bag their were promised as a gift for investing).
This project may be a success or failure, but if all goes as promised, Michigan’s Performance CNG will be able to deliver a CNG-powered 2003 Ford Mustang while demonstrating all compressed natural gas can do in the name of energy independence.
Autoblog Green reports the company, headed by founder Daryl Patrishkoff, is attempting to raise $55,000 through IndieGoGo to pay for the battery of emissions testing required by the Environmental Protection Agency, acquisition of high-performance CNG parts, and engine calibration. Currently, the Mustang, which runs on gasoline and CNG paired with alcohol injection, puts out 470 horsepower, with the aim of adding more horses through the fundraising.
And what will the project deliver to its investors (beyond being named a contributor in all promotion material)? The hope others will take notice on natural gas, bringing their investment capital to the table with the goal of liberating the United States from foreign energy resources, adding jobs to the industry, and delivering a wide range of vehicles using CNG to the masses; as of this moment, only 120,000 vehicles use the fuel, the majority of which are buses and trucks.