Alpha Motor Corporation

Growth Stage

Move Humanity

Overview

Raised to Date: Raised: $657,023

Total Commitments ($USD)

Platform

StartEngine

Start Date

01/18/2023

Close Date

03/19/2023

Min. Goal

$14,985

Max. Goal

$4,999,977

Min. Investment

$500

Security Type

Equity - Common

Funding Type

RegCF

Price Per Share

$18.50

Pre-Money Valuation

$125,060,000

Rolling Commitments ($USD)

Status

Active

Reporting Date

02/01/2023

Days Remaining

46

% of Min. Goal

4,385%

% of Max. Goal

13%

Likelihood of Max
unlikely
Avg. Daily Raise

$46,930

# of Investors

375

Momentum
warm.svg
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Location

Irvine, California

Industry

Transportation, Automotive, Aviation, & Aerospace

Tech Sector

Hardwaretech

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.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-490,057

$-118

Summary Balance Sheet

Most Recent Year Prior Year

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

Financials as of: 01/18/2023
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Alpha Motor Corporation on StartEngine 2023
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Platform: StartEngine
Security Type: Equity - Common
Valuation: $125,060,000

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