Nobe Cars Investors

Is nobe cars trouble or are they in trouble?

You have questions.

So do we, and they aren't getting answered.

We aren't the only ones. The press, investors in Roman Muljar's past failed ventures, deposit holders on the Nobe 100 car and Nobe 500 pickup truck, investors in Nobe Cars, people in government, are all looking for answers, and many are looking for their money back.

The Nobe 100 GT is a great-looking electric car, and we would love to see it become road worthy enough to succeed. We have no desire to make Nobe Cars fail, but if they're heading for failure, they'll get there plenty fast without our help. Having given up our money for lost, we want to provide information that will assure no one else loses their money in this venture.

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Nobe Cars' CEO Roman Muljar Assaults Investor

Want to see your investment disappear? Ready to have your deposit go up in smoke? Here's how: have your CEO work harder at getting himself thrown in jail than he does at running the company and see what happens. Between being a thug and being an executive, Roman Muljar is only good at one, and it's not the one that results in huge returns. Prepare to be shocked, hopefully at his behavior and not at losing your money.

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FIRE at Troubled Company Reveals Even Bigger Problems

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Broadcast News Report Exposes Nobe Cars

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NEWS REPORT:
The Commercial Register associates Muljar with 11 legal entities, eight of which have been deleted or compulsorily terminated, mostly due to non-submission of data or debt claims.

Muljar and his business partner at the time were even charged with non-payment of taxes... As the law changed in the meantime, the criminal case was later closed.

In 2017, however, the next company related to Muljar, OÜ Arteran, went bankrupt... The bankruptcy trustee's report cites "insufficient funding, insufficient preparation and the project manager's inability to manage an innovative and large-scale project as reasons for failure".

— ERR News investigative report

MAKE AN INFORMED DECISION

Approach with caution.

Investigate before investing.

In the coming weeks we will publish all kinds of information on Nobe. Please wait to make a stock investment or even a vehicle deposit until you have read and conducted your due diligence to make an informed decision. There is no hurry. Nobe isn't going anywhere. Possibly in more ways than one.

This ERR article and interview on the Nobe electric car exposes a history of having nothing to show for it when people give Roman Muljar their money.

NEW TRANSLATION

VIDEO: Investigative Reporter
Exposes Nobe Cars

English speakers can now see the troubles that have been plaguing Nobe Cars since it's beginning, and a history of questionable business practices that have been following CEO Roman Muljar far longer than that. An explosive investigative report from Pealtnägija [Eyewitness News] on Estonia's ERR television network. If CNN and the BBC got together and gave birth to "Estonian 60 Minutes" that would be Pealtnägija, the most reputable news program in Estonia, on the largest and most credible network.

Professional translation into English on screen. Can also be translated into any language by activating closed captions on YouTube and choosing your language under the gear icon.

Click image to watch on YouTube. Please Like, Share, and Subscribe to get the word out. Let us know what you notice in the Comments section on YouTube.

Nobe factory of amazing things?

A Troubling Fire at Nobe Cars

When the Nobe Factory went up in smoke, the only Amazing Thing to come out of it were the insights into just how troubled the company is.

News reports of Nobe’s ongoing financial difficulties, along with the nature and timing of the fire that destroyed their factory, equipment, and vehicles, led to many online comments suggesting that the fire may have been set deliberately. Roman Muljar, Nobe's CEO, offers the justification that because Nobe did not directly receive insurance payments —because he failed to insure the business— that Nobe could not have benefited from the fire, deflecting attention from the multiple other common motivations for, and benefits from, fires that are started intentionally.

Many news articles tied the financial difficulties into their reporting on the fire itself, which raises a number of questions about: its origin, what was actually in the building when the blaze started, if some of the building's contents mysteriously survived to reappear elsewhere, and how it was that a move to another facility was in the works before the fire even started.

One reporter made note of Meelis Merilo appearing to show little concern over the fire, telling him that Nobe had already been preparing to move into a new facility anyway. The loss of the only existing prototypes did not trouble him much, as he said the timing came at a point where Nobe "was planning to develop a third prototype anyway which... is much better than the previous cars." (That prototype, however, later was shown to be even less functional than the original was purported to be.)

The reporter presented that Merilo (perhaps concerned how Nobe's planned move might be construed as possible motive) then felt the need to to alter what he had presented, distancing himself from the company and his own story: now switching, from a new factory already in the works, to claiming work would instead continue in the one room that wasn't torched. The reporter felt the need to point out that he was then asked by Merilo to

"emphasize that he... does not actively participate in the company's work on a daily basis." Merilo's desire to now appear to not be connected to the company is unsettling as he is listed in Nobe's own documents as "Founder and Head of Engineering."

Articles on the web reveal little about investigation into the fire, and no followup after the initial news reports. Looking for unbiased insight into unanswered questions, investors turned to a professional fire investigator with extensive experience. His examination of photographs, news reports, and the questions raised and anomalies found by investors, resulted in his observations about the fire and its investigation in Estonia, along with areas where further investigation could be warranted.

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Worried about Nobe Cars?

We are too! We worry even more that you will lose your investment or deposit.

Investigative Reporting from ERR News

The news on Nobe you haven't heard

Is Nobe all that it would have us believe? The reporting in the States and UK hasn't even scratched the surface. Most of them haven't even seen the car, much less driven it. Have a look at this English translation summarizing a report from ERR, a mix of CNN and PBS they are the most credible source of investigative reporting in Estonia. A follow-up report from Accelerista shows many Estonians have Nobe's number.

Original articles in Estonian from ERR and from Accelerista.

All for show

Is Nobe faking progress and performance?

Watch this four-year-old's toy outperform the Nobe 100GT. Nobe posted a video they tried to pass off as drifting on LinkedIn. But there is no drifting here, just a slow-moving car dragging a seized rear tire around on a polished, high-gloss, interior floor.

We've all looked at modern art and said "My four year old can do better than that" but we've never looked at a sports car and said the same thing until now.

Watch video to see how drifting is really done.

Coming soon:

A virtual confession

He didn't mean to spill the beans, but Nobe Cars USA's CEO, Roman Muljar just keeps digging himself in even deeper.

Lots more coming

There is more to report than we have hours in the day. The stories just keep piling in.

Is it safe?

How to evaluate your EV investment

If it sounds to good to be true, it often is.

Dale Motorcars ripped off investors and stole pre-order deposits

A scam that sounds too much like Roman Muljar and Nobe Cars

Nobe has the nickname "Euro Elio", but Nobe brings to mind a bigger three-wheeled disaster that promised big and delivered nothing: The Dale. An interesting and innovative design taken over by a CEO who knew nothing about making cars. She was also known for parading around non- or barely-functioning shells to separate suckers from their money, while skipping the actual work that would result in a road-worthy car or a viable company.

Video starts on 1970's oil crisis and founder's history or skip to the Dale's similarities with Nobe Cars.

Nikola Motor's fraud is déjà vu for those who have experienced Roman Muljar

VIDEO: How to Lie Your Way to $34 Billion

1:05 How could a man look so confident knowing that none of what he was saying was real?
4:41 To run away from all his legal problems he started a new company.
7:19 They stated they were finalizing assembly, but what they actually had was just a frame on wheels.
11:03 Units were to be released the following year, but he never had plans to finish development. He's only interested in one thing: raising more money.
15:11 He perfected a devious game: make up lofty claims to get investors and partners, then use the brand recognition of those partners to get even more investors.

See full list or watch video

Is there even a chance?

VIDEO: Why even capable companies fail hard

Tech vlogger Marques Rownlee (bio, Forbes Magazine) lists the 5 steps every startup EV company must go through and explains why even those that haven't displayed serial ineptitude never cross the massive gap between Steps 4 and 5. In "The Electric Car Pre-Order Problem" he questions making an interest-free loan with your deposit, listing many companies that raised $1 billion and still disappeared. Read more...

Watch video

Is nobe cars trouble or are they in trouble?

You have questions.

So do we, and they aren't getting answered.

We aren't the only ones. The press, investors in Roman Muljar's past failed ventures, deposit holders on the Nobe 100 car and Nobe 500 pickup truck, investors in Nobe Cars, people in government, are all looking for answers, and many are looking for their money back.

Nobe Cars' CEO Roman Muljar Assaults Investor