Eli Electric Vehicles
About this raise: Eli Electric Vehicles, with a valuation of $57.7 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 over 100 units have been built and shipped to Italy, Germany, Austria, and the Netherlands. Marcus Li founded Eli Electric Vehicles in 2018. The current crowdfunding campaign has a minimum target of $9,996.80 and a maximum target of $3,179,017.60. The campaign proceeds will be used to expand into a range of other micro-EV products, services, and technologies.
Investment Overview
Invested : $1,090,440
Deal Terms
Total Commitments ($USD)
- Platform
- StartEngine
- Start Date
- 10/03/2022
- Close Date
- 09/28/2023
$9,997
$3,179,018
$449
Equity - Common
Seed
RegCF
$8.80
$57,713,207
Company & Team
Company
- Year Founded
- 2018
- Industry
- Transportation, Automotive, Aviation, & Aerospace
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Low
- Capital Intensity
- High
Financials
-
Revenue
- $593,302
- Monthly Burn
- $179,374
-
Runway
- 1.2 months
- Gross Margin
- 6%
Upgrade to gain access
-
$12.50 /month
billed annually - Free portfolio tracking, data-driven ratings, AI analysis and reports
- Plan Includes:
- Everything in Free, plus
- Company specific
Kingscrowd ratings and analyst reports
- Deal explorer and side-by-side comparison
- Startup exit and failure tracking
- Startup market filters and historical industry data
- Advanced company search ( with ratings)
- Get Edge Annual
Edge
Ratings 
Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $4,584,149
- 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.