About this raise: 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.

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Investment Overview

Invested this round: $1,903,387

Deal Terms

Total Commitments ($USD)

Platform
StartEngine
Start Date
09/14/2021
Close Date
04/16/2022
Min. Goal
$9,999
Max. Goal
$3,499,997
Min. Investment

$275

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$5.50

Pre-Money Valuation

$31,727,867

Company & Team

Company

Year Founded
2018
Industry
Transportation, Automotive, Aviation, & Aerospace
Tech Sector
Cleantech
Distribution Model
B2B2C
Margin
Low
Capital Intensity
High
Location
Los Angeles, California
Business Type
Growth
Company Website
Visit Website

Team

Employees
23
Prior Founder Exits?
No
Founder Name
Marcus Li
Title
CEO

Financials

 Revenue
$8,473
 Monthly Burn
$175,887
 Runway
0.5 months

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

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Company Funding & Growth

Funding history

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
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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.

Employee History

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Eli Electric Vehicles on StartEngine 2021
Platform: StartEngine
Security Type: Equity - Common
Valuation: $31,727,867
Price per Share: $5.50

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