Eli Electric Vehicles

Early Stage

The next evolution of personal mobility

Analytics

Raised to Date: Raised: $796,474

Aggregate Commitments $

Platform

StartEngine

Start Date

09/14/2021

Close Date

03/16/2022

Min. Goal

$9,999

Max. Goal

$3,499,997

Min. Investment

$275

Security Type

Equity - Common

Funding Type

RegCF

Series

Seed

Pre-Money Valuation

$31,727,867

Rolling Commitments $

Status

Active

Reporting Date

01/16/2022

Days Remaining

59

% of Min. Goal

7,966%

% of Max. Goal

23%

Likelihood of Max
unlikely
Avg. Daily Raise

$6,423

Momentum
hot.svg
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Location

Los Angeles, California

Industry

Transportation, Automotive, Aviation, & Aerospace

Tech Sector

Cleantech

Distribution Model

B2B2C

Margin

Low

Capital Intensity

High

Business Type

Growth

Eli Electric Vehicles, with a valuation of $31.7 million, is raising funds on StartEngine. 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 is being built to be sold through distributor partners in Europe. Marcus Li founded Eli Electric Vehicles in 2018. The current crowdfunding campaign has a minimum target of $9,999 and a maximum target of $3,499,996.50. The campaign proceeds will be used for growth and expansion.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$8,473

$2,448

COGS

$9,271

$2,565

Tax

$0

$0

 

 

Net Income

$-2,110,638

$-1,647,632

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$96,428

$380,739

Accounts Receivable

$0

$0

Total Assets

$3,444,953

$7,500,000

Short-Term Debt

$7,310,214

$4,242,191

Long-Term Debt

$0

$0

Total Liabilities

$7,310,214

$4,242,191

Financials as of: 09/14/2021
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Eli Electric Vehicles 03/16/2022 StartEngine $31,727,867 $796,474 Equity - Common Active RegCF
Eli Electric Vehicles 07/29/2021 StartEngine $18,000,000 $1,392,706 Convertible Note Funded RegCF
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Eli Electric Vehicles on StartEngine 2021
$
Platform: StartEngine
Security Type: Equity - Common
Valuation: $31,727,867
Invest in a different round for this company? Use my investment date to determine which raise I invested in.

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