Lit Motors
Testing the Waters
Growth Stage
Revolutionary Self-Balancing 2-Wheeled Electric Car
Overview
Raised: $1,167,905
Total Commitments ($USD)
Platform
Wefunder
Start Date
03/03/2024
Close Date
Testing the Waters
Min. Goal
N/A - TTW
Max. Goal
N/A - TTW
Min. Investment
$100
Security Type
SAFE
SEC Filing Type
Test the Waters
Early Bird Val. Cap
$81,000,000
Valuation Cap
$90,000,000
Discount
0%
Rolling Commitments ($USD)
Status
Active
Reporting Date
05/07/2024
% of Min. Goal
N/A - TTW
% of Max. Goal
N/A - TTW
Likelihood of Max
N/A - TTW
Avg. Daily Raise
$17,968
# of Reservations
595
Momentum
N/A - TTW
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Year Founded
2010
Industry
Transportation, Automotive, Aviation, & Aerospace
Tech Sector
Hardwaretech
Location
San Francisco, California
Lit Motors, with a valuation of $90 million, is testing the waters on Wefunder. The company has developed a revolutionary self-balancing two-wheeled electric car. Lit Motors’ electric car works on a breakthrough EV technology that enables high margins and is a flexible and functional option for urban and suburban families. The company has 1,300 preorders, resulting in a projected revenue of $41.6 million. Daniel K. Kim founded Lit Motors in 2010. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $5 million. The campaign proceeds will be used for growth and expansion.
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