Eli Electric Vehicles

Neutral
BETA

The next evolution of personal mobility

Analytics

Raised to Date: $190,804

Aggregate Commitments $
Platform

StartEngine

Start Date

08/17/2020

Close Date

11/12/2020

Min. Goal

$10,000

Max. Goal

$1,070,000

Min. Investment

$250

Security Type

Convertible Note

Funding Type

RegCF

Series

Pre-Seed

Valuation Cap

$18,000,000

Discount Rate

20%

Weekly Commitments $
Status

Active

Reporting Date

09/16/2020

Days Remaining

54

% of Min. Goal

1,908%

% of Max. Goal

18%

Likelihood of Max
Avg. Daily Raise

$6,360

# of Investors

236

Momentum
Location

Los Angeles, California

Industry

Transportation, Automotive, Aviation, & Aerospace

Tech Sector

Cleantech

Distribution Model

B2C

Margin

Medium

Capital Intensity

High

Business Type

Growth

Eli Electric Vehicles, with a valuation cap of $18 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. Marcus Li founded Eli Electric Vehicles in 2018. The current crowdfunding round has a minimum target of $10,000 and a maximum target of $1,070,000, and the funds will be used for expansion into other micro-EV products, services, and technologies. Eli Electric Vehicles is ready to begin production in the fourth quarter of 2020 and will begin sales in the US and Europe.

Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$2,448

$0

COGS

$2,565

$0

Tax

$0

$0

 

 

Net Income

$-1,647,632

$0

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$380,739

$0

Accounts Receivable

$0

$0

Total Assets

$3,679,014

$0

Short-Term Debt

$4,205,796

$0

Long-Term Debt

$0

$0

Total Liabilities

$4,205,796

$0

Ratings

last updated 09/16/2020

Research

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