Eli Electric Vehicles

Growth Stage

The next evolution of personal mobility

Analytics

Raised to Date: Raised: $291,802

Aggregate Commitments $

Platform

StartEngine

Start Date

10/03/2022

Close Date

12/29/2022

Min. Goal

$9,997

Max. Goal

$3,179,018

Min. Investment

$449

Security Type

Equity - Common

Funding Type

RegCF

Series

Seed

Price Per Share

$8.80

Pre-Money Valuation

$57,713,207

Rolling Commitments $

Status

Active

Reporting Date

11/27/2022

Days Remaining

32

% of Min. Goal

2,919%

% of Max. Goal

9%

Likelihood of Max
unlikely
Avg. Daily Raise

$5,306

# of Investors

221

Momentum
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Location

Los Angeles, California

Industry

Transportation, Automotive, Aviation, & Aerospace

Tech Sector

Cleantech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

High

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

Most Recent Year Prior Year

Revenue

$593,302

$8,473

COGS

$576,571

$9,271

Tax

$0

$0

 

 

Net Income

$-2,522,547

$-2,110,638

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$219,240

$96,428

Accounts Receivable

$65,533

$6,356

Total Assets

$3,343,795

$3,444,953

Short-Term Debt

$448,938

$569,947

Long-Term Debt

$6,258,509

$6,740,267

Total Liabilities

$6,707,447

$7,310,214

Financials as of: 10/03/2022
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Eli Electric Vehicles 12/29/2022 StartEngine $57,713,207 $291,802 Equity - Common Active RegCF
Eli Electric Vehicles 04/16/2022 StartEngine $31,727,867 $1,903,387 Equity - Common Funded RegCF
Eli Electric Vehicles 07/29/2021 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
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