Electric without compromise

Analytics

Raised to Date: Raised: $1,059,448

Aggregate Commitments $

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

Funding Type

RegCF

Series

Seed

Pre-Money Valuation

$89,800,000

Rolling Commitments $

Status
Funded
Reporting Date

04/30/2020

Days Remaining
Funded
% of Min. Goal

10,597%

% of Max. Goal

99%

Likelihood of Max
Funded
Avg. Daily Raise

$7,514

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

Business Type

Growth

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 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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Atlis Motor Vehicles on StartEngine
$
Platform: StartEngine
Security Type: Equity - Common
Valuation: $89,800,000
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