Eli Electric Vehicles

Eli Electric Vehicles

Early Stage

The next evolution of personal mobility

The next evolution of personal mobility

Overview

Raised to Date: Raised: $1,903,387

Total Commitments ($USD)

Platform

StartEngine

Start Date

09/13/2021

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

Rolling Commitments ($USD)

Status
Funded
Reporting Date

04/29/2022

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$8,894

# of Investors

1,546

Momentum
Funded
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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

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: 09/13/2021
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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 $554,544 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
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Price per Share History

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

Valuation History

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.

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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