They are planning to sell up to 200 million VLB tokens. Its countless tokens will be destroyed and they have received 10,000 ETHs from institutional investors, which add genealogy to the ICO and for the initial investors in the VLB token, there is a hard cap of 300,000 ETH for standing investors because this will be a bonus available. These VLB tokens will be sold in the ICO on December 27, 2017 until December 17, 2017. The makers of this project will have a positive impact on the entire automotive industry until the garage and they will touch every person's life whether they are drivers, mechanics or factory workers. The amount received from the ICO will be used for the development of Blockchain.
source - https://cointelegraph.com/news/vehicle-lifecycle-blockchain-can-save-you-from-inflated-garage-bills