Atlis Motor Vehicles
ATLIS is building products for the people who get work done.
Analytics
Raised: $4,999,841
Aggregate Commitments $
Platform
Rialto Markets
Start Date
08/31/2021
Close Date
10/23/2021
Min. Goal
$4,999,991
Max. Goal
$4,999,991
Min. Investment
$255
Security Type
Equity - Common
Funding Type
RegCF
Series
Seed
Price Per Share
$12.74
Pre-Money Valuation
$385,000,000
Rolling Commitments $
Status
Funded
Reporting Date
10/31/2021
Days Remaining
Funded
% of Min. Goal
100%
% of Max. Goal
100%
Likelihood of Max
Funded
Avg. Daily Raise
$94,337
Momentum
Funded
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Location
Mesa, Arizona
Industry
Transportation, Automotive, Aviation, & Aerospace
Tech Sector
Cleantech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
High
Atlis Motor Vehicles, with a valuation of $385 million, is raising funds on Rialto Markets. The company is designing and building the Atlis XT electric pickup truck that has a plug-in battery. The electric truck will be able to handle the needs of today without the burden of gas prices. Atlis Motor Vehicles aims to make vehicle ownership affordable, hassle-free, and efficient through its holistic approach. Atlis Motor Vehicles was founded by Mark Hanchett in November 2016. The current crowdfunding campaign has a minimum and maximum target of $4,999,991.36. The campaign proceeds will be used for sales commissions and marketing, production-level design for XP Platform, test and validation equipment, ATLIS Cube Cell pilot line, and key team hires.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$12,633 |
$3,078 |
| ||
| ||
|
Net Income |
$23,968,623 |
$6,728,846 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$48,117 |
$6,063 |
|
Accounts Receivable |
$3,280 |
$1,000 |
|
Total Assets |
$243,917 |
$18,452 |
|
Short-Term Debt |
$0 |
$18,220 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$18,220 |
Financials as of: 08/31/2021
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Raise History
| Offering Name | Close Date | Platform | Valuation/Cap | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| Atlis Motor Vehicles | 06/30/2022 | Rialto Markets | $950,000,000 | $11,175,098 | Equity - Common | Active | RegA+ |
| Atlis Motor Vehicles | 10/23/2021 | Rialto Markets | $385,000,000 | $4,999,841 | Equity - Common | Funded | RegCF |
| Atlis Motor Vehicles | 08/15/2021 | Rialto Markets | $166,000,000 | $14,836,087 | Equity - Common | Funded | RegA+ |
| Atlis Motor Vehicles | 07/19/2020 | StartEngine | $166,000,000 | $0 | Equity - Common | Not Funded | RegA+ |
| Atlis Motor Vehicles | 04/29/2020 | StartEngine | $89,800,000 | $1,059,448 | Equity - Common | Funded | RegCF |
| Atlis Motor Vehicles | 02/08/2019 | StartEngine | $2,900,000 | $1,058,566 | Equity - Common | Funded | RegCF |
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