Eli Electric Vehicles

Eli Electric Vehicles

Growth Stage

The next evolution of personal mobility

The next evolution of personal mobility

Overview

Raised to Date: Raised: $1,090,440

Total Commitments ($USD)

Platform

StartEngine

Start Date

10/02/2022

Close Date

09/27/2023

Min. Goal
$9,997
Max. Goal
$3,179,018
Min. Investment

$449

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$8.80

Pre-Money Valuation

$57,713,207

Rolling Commitments ($USD)

Status
Funded
Reporting Date

09/30/2023

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

$3,029

# of Investors

614

Momentum
Funded
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Year Founded

2018

Industry

Transportation, Automotive, Aviation, & Aerospace

Tech Sector

Cleantech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

High

Location

Los Angeles, California

Business Type

Growth

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.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$1,222,756

$593,302

COGS

$1,144,720

$576,571

Tax

$0

$0

 

 

Net Income

$-2,152,484

$-2,522,547

Summary Balance Sheet

FY 2022 FY 2021

Cash

$214,272

$219,240

Accounts Receivable

$78,913

$65,533

Total Assets

$2,776,046

$3,343,795

Short-Term Debt

$605,363

$448,938

Long-Term Debt

$7,341,341

$6,258,509

Total Liabilities

$7,946,704

$6,707,447

Financials as of: 10/02/2022
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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 $143,227 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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Eli Electric Vehicles on StartEngine 2022
Platform: StartEngine
Security Type: Equity - Common
Valuation: $57,713,207
Price per Share: $8.80

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