Atlis Motor Vehicles
Growth Stage
Electric without compromise
Overview
Raised: $1,059,448
Total Commitments ($USD)
Platform
StartEngine
Start Date
12/10/2019
Close Date
04/29/2020
Min. Goal
$9,998
Max. Goal
$1,070,000
Min. Investment
$297
Security Type
Equity - Common
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$5.93
Pre-Money Valuation
$89,800,000
Rolling Commitments ($USD)
Status
Funded
Reporting Date
04/30/2020
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$7,514
# of Investors
1,890
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
Atlis Motor Vehicles, with a pre-money valuation of $89.8 million, is raising crowdfunding on StartEngine. The company is dedicated to building electric work vehicles, including electric pickup trucks. The patent-pending technology of Atlis Motor Vehicles is currently in the design, test, and validation phases, and aims to handle sales, financing, delivery, and maintenance of its electric vehicles. Atlis Motor Vehicles was founded by Mark Hanchett in November 2016 and raised $1.07 million in the previous round of funding. The current round of crowdfunding has a minimum goal of $10,000 and a maximum goal of $729,000, and the proceeds will be used to complete the development and testing and enter the early manufacturing phase. Atlis Motor Vehicles already has more than $1 billion of truck reservations on its website and aims to offer unprecedented technology and efficiency.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-595,756 |
$-50,581 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$-2,200 |
$1,500 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$14,317 |
$1,500 |
|
Short-Term Debt |
$40,831 |
$0 |
|
Long-Term Debt |
$68,286 |
$52,081 |
|
Total Liabilities |
$109,117 |
$52,081 |
Financials as of: 12/10/2019
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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 | - | 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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