Eli Electric Vehicles
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.
Investment Overview
Invested : $1,903,387
Deal Terms
Total Commitments ($USD)
- Platform
- StartEngine
- Start Date
- 09/14/2021
- Close Date
- 04/16/2022
$9,999
$3,499,997
$275
Equity - Common
Seed
RegCF
$5.50
$31,727,867
Company & Team
Company
- Year Founded
- 2018
- Industry
- Transportation, Automotive, Aviation, & Aerospace
- Tech Sector
- Distribution Model
- B2B2C
- Margin
- Low
- Capital Intensity
- High
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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 |
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.