Lit Motors

Lit Motors

Testing the Waters
Growth Stage

Revolutionary Self-Balancing 2-Wheeled Electric Car

Revolutionary Self-Balancing 2-Wheeled Electric Car

Overview

Raised to Date: Raised: $1,151,385

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

04/15/2024

% of Min. Goal
N/A - TTW
% of Max. Goal
N/A - TTW
Likelihood of Max
N/A - TTW
Avg. Daily Raise

$26,776

# of Reservations

576

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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Lit Motors on Wefunder 2024
Platform: Wefunder
Security Type: SAFE
Valuation: $90,000,000

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