It's almost certainly only enough to do the design and make some slick materials based on it in order to get more funding.
But it's also not a tall order, we've known how to make small simple vehicles like this for a long time, we just haven't been doing it because it's not profitable.
The question then is whether enough of the bits and pieces have come down in cost enough to make it profitable now, so that it's actually possible to get that additional funding, and I don't have a strong opinion on that. If the vehicle is simple and well designed enough, it could be reliable enough that it doesn't cost much to support. A large amount of the unreliability of modern vehicles comes from their complexity, which in turn comes from automakers competing on in-cabin features because they are cheaper and more profitable to implement than improvements in the vehicle itself.
What I will say is that even very cheap cars have impressive improvements over older ones. Like, I drive an '08 Versa. It's got a whisker over 120HP. It weighs the same as my '89 240SX did. It sure doesn't go around corners the same, but it actually has less body roll and goes over bumps much better. They accomplished this with literally one more piece in the front suspension, even with a staggeringly inferior rear suspension (it's torsion beam where the 240SX was 5-link.) A modern Wrangler drives like a car, albeit an old body on frame one that's been lifted, but still night and day compared to how they used to be. So I can easily believe that we can have a cheapass light pickup that drives okay now thanks to advances in suspension research. Whether they will actually accomplish that is of course anyone's guess, but even pretty bad cars are now pretty good so they damned well ought to be able to.