Atlis Motor Vehicles

Atlis Motor Vehicles

Growth Stage

​ATLIS is building products for the people who get work done.

Overview

Raised to Date: Raised: $4,999,841

Total Commitments ($USD)

Platform

Rialto Markets

Start Date

08/30/2021

Close Date

10/22/2021

Min. Goal
$4,999,000
Max. Goal
$4,999,991
Min. Investment

$255

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$12.74

Pre-Money Valuation

$385,000,000

Rolling Commitments ($USD)

Status
Funded
Reporting Date

10/30/2021

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$94,337

# of Investors

4,109

Momentum
Funded
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Year Founded

2016

Industry

Transportation, Automotive, Aviation, & Aerospace

Tech Sector

Cleantech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

High

Location

Mesa, Arizona

Business Type

Growth

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: 08/30/2021
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Atlis Motor Vehicles 09/25/2022 Rialto Markets $1,900,000,000 - Equity - Common Funded RegA+
Atlis Motor Vehicles 07/21/2022 Rialto Markets $950,000,000 $12,999,987 Equity - Common Funded RegA+
Atlis Motor Vehicles 10/22/2021 Rialto Markets $385,000,000 $4,999,841 Equity - Common Funded RegCF
Atlis Motor Vehicles 08/14/2021 Rialto Markets $166,000,000 $14,836,087 Equity - Common Funded RegA+
Atlis Motor Vehicles 07/18/2020 StartEngine $166,000,000 $0 Equity - Common Not Funded RegA+
Atlis Motor Vehicles 04/28/2020 StartEngine $89,800,000 $1,059,448 Equity - Common Funded RegCF
Atlis Motor Vehicles 02/07/2019 StartEngine $2,900,000 $1,058,566 Equity - Common Funded RegCF
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Atlis Motor Vehicles on Rialto Markets 2021
Platform: Rialto Markets
Security Type: Equity - Common
Valuation: $385,000,000
Price per Share: $12.74

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