Eli Electric Vehicles
About this raise: 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.
Investment Overview
Invested : $1,179,843
Deal Terms
Total Commitments ($USD)
- Platform
- DealMaker Securities
- Start Date
- 02/09/2024
- Close Date
- 08/13/2024
$9,800
$4,099,997
$794
Equity - Common
Series A
RegCF
$9.80
$69,000,000
Company & Team
Company
- Year Founded
- 2018
- Industry
- Transportation, Automotive, Aviation, & Aerospace
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Low
- Capital Intensity
- High
Financials
- Revenue +106% YoY
- $2,689,237
- Monthly Burn
- $211,291
-
Runway
- 2.1 months
- Gross Margin
- 11%
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $5,674,589
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 12/09/2024 | DealMaker Securities | $71,130,000 | $130,771 | Equity - Common | Funded | RegCF |
| 08/13/2024 | DealMaker Securities | $69,000,000 | $1,179,843 | Equity - Common | Funded | RegCF |
| 09/28/2023 | StartEngine | $57,713,207 | $1,090,440 | Equity - Common | Funded | RegCF |
| 04/16/2022 | StartEngine | $31,727,867 | $1,903,387 | Equity - Common | Funded | RegCF |
| 07/29/2021 | StartEngine | $18,000,000 | $1,392,706 | Convertible Note | Funded | RegCF |
Growth Charts
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.