Eli Electric Vehicles

Eli Electric Vehicles

Growth Stage

Future of Urban Mobility

Future of Urban Mobility

Overview

Raised this Round: Raised: $1,203,375

Total Commitments ($USD)

Platform

Dealmaker Securities

Start Date

02/08/2024

Close Date

01/01/2025

Min. Goal
$9,800
Max. Goal
$4,099,997
Min. Investment

$794

Security Type

Equity - Common

Series

Series A

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$9.80

Pre-Money Valuation

$69,000,000

Year Founded

2018

Industry

Transportation, Automotive, Aviation, & Aerospace

Tech Sector

Cleantech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

High

Location

Los Angeles, California

Business Type

Growth

Eli Electric Vehicles, with a valuation of $69 million, is raising funds on Dealmaker Securities. The company has designed an advanced, affordable, and efficient micro-EV to revolutionize urban trips. Eli ZERO will be half the size of a conventional car, less expensive, and highly energy efficient. The first model of Eli is fully homologated, and hundreds of units have been built and shipped to Italy, Germany, Austria, and the Netherlands. Marcus Li founded Eli Electric Vehicles in February 2018. The current crowdfunding campaign has a minimum target of $9,800 and a maximum target of $4.1 million. The campaign proceeds will be used for sales and marketing, research and development, capital expenses, operations and administration, and working capital.

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$2,689,237

$1,222,756

COGS

$2,398,694

$1,144,720

Tax

$0

$0

 

 

Net Income

$-2,535,490

$-2,152,484

Summary Balance Sheet

FY 2023 FY 2022

Cash

$452,995

$214,272

Accounts Receivable

$615,561

$78,913

Total Assets

$3,568,323

$2,776,046

Short-Term Debt

$10,403,744

$7,946,704

Long-Term Debt

$0

$0

Total Liabilities

$10,403,744

$7,946,704

Financials as of: 02/08/2024
Create a free account today to gain access to KingsCrowd analytics.

Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Eli Electric Vehicles 12/31/2024 Dealmaker Securities $69,000,000 $1,203,375 Equity - Common Active RegCF
Eli Electric Vehicles 09/27/2023 StartEngine $57,713,207 $1,090,440 Equity - Common Funded RegCF
Eli Electric Vehicles 04/15/2022 StartEngine $31,727,867 $1,903,387 Equity - Common Funded RegCF
Eli Electric Vehicles 07/28/2021 StartEngine $18,000,000 $1,392,706 Convertible Note Funded RegCF
Create a free account today to gain access to KingsCrowd analytics.

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

Upgrade to gain access

Pay Monthly
Annually (Save 17%)

Edge

$25 /month
billed annually
Free portfolio tracking, data-driven ratings, AI analysis and reports
Plan Includes:
Everything in Free, plus
Company specific KingsCrowd ratings and analyst reports
Deal explorer and side-by-side comparison
Startup exit and failure tracking
Startup market filters and historical industry data
Advanced company search ( with ratings)
Get Edge Annual
Already a member? Log in here.

Ratings KingsCrowd Startup Rating Methodology Article

Blurred Ratings Bars Blurred Ratings Bars
Founders: enhance your startup's credibility on KingsCrowd. Create an account to claim this raise page.
Add to portfolio
Eli Electric Vehicles on Dealmaker Securities 2024
Platform: Dealmaker Securities
Security Type: Equity - Common
Valuation: $69,000,000
Price per Share: $9.80

Follow company

Follow Eli Electric Vehicles on Dealmaker Securities 2024

Buy Eli Electric Vehicles's Deal Report

Eli Electric Vehicles Deal Report

Get KingsCrowd’s comprehensive report on Eli Electric Vehicles including:

  • How our proprietary algorithm rates their current capital raise (1-5 stars)
  • Detailed price, market, team, differentiators, performance, and risk ratings
  • Whether Eli Electric Vehicles is undervalued or overvalued
  • Scores on the founding team and key personnel's background and expertise

Buy the Eli Electric Vehicles deal report for only $10!

Email address:
Looking to buy more than one deal report? Get unlimited reports by upgrading to Edge