Alpha Motor Corporation

Alpha Motor Corporation

[Closed for Investment] Alpha Motor Corporation, with a valuation of $125.06 million, is raising funds on StartEngine. It is an automobile and mobility company focused on manufacturing sport, utility, and adventure electric vehicles. The patented and unique vehicle system of Alpha Motor Corporation includes dimensionally adjustable chassis and interchangeable power components, interior components, and other components. The company has received 52,500 pre-orders and is moving towards pre-production vehicle development in 2023. The current crowdfunding campaign has a minimum target of $14,985 and a maximum target of $5 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: $4,982,694

Deal Terms

Total Commitments ($USD)

Platform
StartEngine
Start Date
01/18/2023
Close Date
05/18/2023
Min. Goal
$14,985
Max. Goal
$4,999,977
Min. Investment

$500

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$18.50

Pre-Money Valuation

$125,060,000

Company & Team

Company

Year Founded
2020
Industry
Transportation, Automotive, Aviation, & Aerospace
Tech Sector
Hardwaretech
Distribution Model
B2C
Margin
Low
Capital Intensity
High
Location
Irvine, California
Business Type
Growth
Company Website
Visit Website

Team

Employees
6
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 2021
 Revenue
$0
 Monthly Burn
$40,838
 Runway
13.3 months
View Detailed Financials Expand

Summary Profit and Loss Statement

FY 2021 FY 2020

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-490,057

$-118

Summary Balance Sheet

FY 2021 FY 2020

Cash

$543,254

$7,410

Accounts Receivable

$60

$0

Total Assets

$545,914

$7,410

Short-Term Debt

$7,450

$7,000

Long-Term Debt

$1,027,945

$0

Total Liabilities

$1,035,395

$7,000
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Company Funding & Growth

Funding history

Total Prior Capital Raised
$1,000,000
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: $125,060,000
Price per Share: $18.50

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Warning: according to the close date for this deal, Alpha Motor Corporation may no longer be accepting investments.

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