Alpha Motor Corporation

Alpha Motor Corporation

Growth Stage

MOVE HUMANITY

MOVE HUMANITY

Overview

Raised to Date: Raised: $405,456

Total Commitments ($USD)

Platform

StartEngine

Start Date

12/20/2023

Close Date

07/01/2024

Min. Goal
$14,970
Max. Goal
$3,760,664
Min. Investment

$499

Security Type

Equity - Common

Series

Series A

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$49.90

Pre-Money Valuation

$350,111,224

Rolling Commitments ($USD)

Status

Active

Reporting Date

05/02/2024

Days Remaining

59

% of Min. Goal

2,708%

% of Max. Goal

11%

Likelihood of Max
unlikely
Avg. Daily Raise

$3,026

# of Investors

249

Momentum
cold.svg
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Year Founded

2020

Industry

Transportation, Automotive, Aviation, & Aerospace

Tech Sector

Hardwaretech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

High

Location

Irvine, California

Business Type

Growth

Alpha Motor Corporation, with a valuation of $350.11 million, is raising funds on StartEngine. It is an automobile and mobility company focused on manufacturing sport, utility, and adventure electric vehicles. Alpha Motor Corporation’s patented and unique vehicle system includes dimensionally adjustable chassis and interchangeable power components, interior components, and other components. The company has received 66,000 pre-orders and is moving towards pre-production vehicle development. Edward Lee and Jada Lee founded Alpha Motor Corporation in August 2020. The current crowdfunding campaign has a minimum target of $14,970 and a maximum target of $3.02 million. The campaign proceeds will be used for marketing, research and development, company employment, operations, working capital, and reserves.

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$1,100,000

$0

COGS

$569,792

$0

Tax

$800

$800

 

 

Net Income

$-1,447,045

$-501,635

Summary Balance Sheet

FY 2023 FY 2022

Cash

$801,791

$527,582

Accounts Receivable

$0

$0

Total Assets

$779,103

$1,480,369

Short-Term Debt

$172,057

$2,272,148

Long-Term Debt

$101,807

$208,329

Total Liabilities

$273,864

$2,480,477

Financials as of: 12/20/2023
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Alpha Motor Corporation 06/30/2024 StartEngine $350,111,224 $405,456 Equity - Common Active RegCF
Alpha Motor Corporation 05/17/2023 StartEngine $125,060,000 $4,982,694 Equity - Common Funded RegCF
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Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Valuation History

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Employee History

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Alpha Motor Corporation on StartEngine 2023
Platform: StartEngine
Security Type: Equity - Common
Valuation: $350,111,224
Price per Share: $49.90

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