‚ÄčATLIS is building products for the people who get work done.

Overview

Raised to Date: Raised: $14,836,087

Total Commitments ($USD)

Platform

Rialto Markets

Start Date

05/04/2020

Close Date

08/15/2021

Min. Goal

$10

Max. Goal

$25,000,000

Min. Investment

$1,000

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegA+    Open SEC Filing

Price Per Share

$8.24

Pre-Money Valuation

$166,000,000

Rolling Commitments ($USD)

Status
Funded
Reporting Date

08/31/2021

Days Remaining
Funded
% of Min. Goal

148,360,870%

% of Max. Goal

59%

Likelihood of Max
Funded
Avg. Daily Raise

$31,701

Momentum
Funded
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Year Founded

2016

Industry

Transportation, Automotive, Aviation, & Aerospace

Tech Sector

Cleantech

Distribution Model

B2C

Margin

Medium

Capital Intensity

High

Location

Mesa, Arizona

Business Type

High Growth

Atlis Motor Vehicles, the company making electric pickup trucks, is raising funds on Rialto Markets through Reg A+ crowdfunding. 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 was founded by Mark Hanchett in November 2016 and has raised over $2.4 million in previous rounds of financing. The current funding round does not have a minimum target and a maximum target of $25,000,000. The proceeds will be used for product research and development, marketing, advertising, working capital, and general corporate purposes. Atlis Motor Vehicles aims to make vehicle ownership affordable, hassle-free, and efficient through its holistic approach.

Balance Sheet

Cash and Cash Equivalents

$5,074

Investment Securities

$0

Accounts and Notes Receivable

$0

Property, Plant and Equipment (PP&E)

$12,388

Total Assets

$17,462

Accounts Payable & Accrued Liabilities

$0

Long Term Debt

$18,220

Total Liabilities

$50,765

Total Stockholders' Equity

$-33,302

Total Liabilities and Equity

$17,462

Statement of Comprehensive Income Information

Total Revenues

$2,287

Costs & Expenses Applicable to Rev

$464,171

Depreciation and Amortization

$0

Net Income

$-470,378

Earnings Per Share - Basic

$-0.03

Earnings Per Share - Diluted

$-0.03

Auditor: Jason M. Tyra
Financials as of: 05/04/2020
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Atlis Motor Vehicles 09/26/2022 Rialto Markets $1,900,000,000 $0 Equity - Common Funded RegA+
Atlis Motor Vehicles 07/22/2022 Rialto Markets $950,000,000 $12,999,987 Equity - Common Funded 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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Atlis Motor Vehicles on Rialto Marets
Platform: Rialto Markets
Security Type: Equity - Common
Valuation: $166,000,000

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