Alpha Motor Corporation

Alpha Motor Corporation

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.

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Investment Overview

Raised this Round: Raised: $507,436

Deal Terms

Total Commitments ($USD)

Platform
StartEngine
Start Date
12/21/2023
Close Date
01/06/2025
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

Company & Team

Company

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
Company Website
Visit Website

Team

Employees
15
Prior Founder Exits?
No
Founder Name
Jada Lee
Title
Vice Chairman of the Board
Founder Name
Edward Lee
Title
CEO

Financials

as of Fiscal Year 2023
 Revenue
$0
 Monthly Burn
$120,587
 Runway
6.6 months
Gross Margin
48%
View Detailed Financials Expand

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
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Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
Grants
$1,974,176
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
01/06/2025 StartEngine $350,111,224 $507,436 Equity - Common Active RegCF
05/18/2023 StartEngine $125,060,000 $4,982,694 Equity - Common Funded RegCF
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Growth Charts

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.

Valuation History

Price per Share History

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

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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