Overview

Raised to Date: Raised: $1,059,448

Total Commitments ($USD)

Platform

StartEngine

Start Date

12/09/2019

Close Date

04/29/2020

Min. Goal
$9,998
Max. Goal
$1,070,000
Min. Investment

$297

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$5.93

Pre-Money Valuation

$89,800,000

Rolling Commitments ($USD)

Status
Funded
Reporting Date

04/29/2020

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

$7,514

# of Investors

1,890

Momentum
Funded
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Year Founded

2016

Industry

Transportation, Automotive, Aviation, & Aerospace

Tech Sector

Cleantech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

High

Location

Mesa, Arizona

Business Type

Growth

Atlis Motor Vehicles, with a pre-money valuation of $89.8 million, is raising crowdfunding on StartEngine. The company is dedicated to building electric work vehicles, including electric pickup trucks. The patent-pending technology of Atlis Motor Vehicles is currently in the design, test, and validation phases, and aims to handle sales, financing, delivery, and maintenance of its electric vehicles. Atlis Motor Vehicles was founded by Mark Hanchett in November 2016 and raised $1.07 million in the previous round of funding. The current round of crowdfunding has a minimum goal of $10,000 and a maximum goal of $729,000, and the proceeds will be used to complete the development and testing and enter the early manufacturing phase. Atlis Motor Vehicles already has more than $1 billion of truck reservations on its website and aims to offer unprecedented technology and efficiency.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-595,756

$-50,581

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$-2,200

$1,500

Accounts Receivable

$0

$0

Total Assets

$14,317

$1,500

Short-Term Debt

$40,831

$0

Long-Term Debt

$68,286

$52,081

Total Liabilities

$109,117

$52,081

Financials as of: 12/09/2019
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Atlis Motor Vehicles 09/25/2022 Rialto Markets $1,900,000,000 - Equity - Common Funded RegA+
Atlis Motor Vehicles 07/21/2022 Rialto Markets $950,000,000 $12,999,987 Equity - Common Funded RegA+
Atlis Motor Vehicles 10/22/2021 Rialto Markets $385,000,000 $4,999,841 Equity - Common Funded RegCF
Atlis Motor Vehicles 08/14/2021 Rialto Markets $166,000,000 $14,836,087 Equity - Common Funded RegA+
Atlis Motor Vehicles 07/18/2020 StartEngine $166,000,000 $0 Equity - Common Not Funded RegA+
Atlis Motor Vehicles 04/28/2020 StartEngine $89,800,000 $1,059,448 Equity - Common Funded RegCF
Atlis Motor Vehicles 02/07/2019 StartEngine $2,900,000 $1,058,566 Equity - Common Funded RegCF
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Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Valuation History

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.

Employee History

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Atlis Motor Vehicles on StartEngine
Platform: StartEngine
Security Type: Equity - Common
Valuation: $89,800,000
Price per Share: $5.93

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