Eli Electric Vehicles

The next evolution of personal mobility

Eli Electric Vehicles

The next evolution of personal mobility

Los Angeles, CA
Consumer Products
Electronics
Supported by over 2,600 investors, Eli Electric has successfully developed a category-defining EV that is efficient, affordable, and purposefully designed for modern-day needs. Starting from 2022, we’re ramping up small-batch production to meet surging market demand in Europe, and to prepare 2023 pilot sales in the US. Join us as an investor as we build more micro EVs, and become the change in personal mobility.

$52,580

raised
$3,197,822
previously crowdfunded
51
Investors
$57.7M
Valuation
$8.80
Price per Share
$448.80
Min. Investment
Common
Shares Offered
Equity
Offering Type
$3.18M
Offering Max
Reg CF
Offering

$52,580

raised
$3,197,822
previously crowdfunded
51
Investors
$57.7M
Valuation
$8.80
Price per Share
$448.80
Min. Investment
Common
Shares Offered
Equity
Offering Type
$3.18M
Offering Max
Reg CF
Offering

Stack Owner's Bonus & Rewards!

Members get an extra 10% shares in addition to rewards below!

Rewards

Get rewarded for investing more into Eli Electric Vehicles:

$448+
Investment
StartEngine Owner’s Bonus
This offering is eligible for the StartEngine Owner’s 10% Bonus program. For details on this program, please see the Offering Summary section below.
First 72 Hours
Invest within the first 72 hours and receive 10% bonus shares.
2
days
6
hours
54
mins
51
secs
$1,000+
Investment
4% Bonus Shares
Invest $1,000+ and receive 4% bonus shares.
$5,000+
Investment
6% Bonus Shares
Invest $5,000+ and receive 6% bonus shares.
$10,000+
Investment
10% Bonus Shares
Invest $10,000+ and receive 10% bonus shares.

Reasons to Invest

The Next-Big-Thing in Mobility: According to McKinsey, the addressable market for micro-vehicles can reach $100B by 2030, from a mere $1B market today. Our goal is to be the leader in this fast growing vehicle category.*
In-Production With Increasing Demand: Award Winning micro-EV, fully developed and homologated, already in production. Over 100+ units built, sold and shipped to Italy, Germany, Austria and the Netherlands. US pilot sales starting in 2023.
Ready to scale: Fully developed supply chain and production partnerships, established European distribution partners, ready to scale up production and sales.

*source


Progress Overview


"EVs Reinvented for Cities"



EV is the future, but what kind of EVs would power the future urban streets? As nearly 70% of the world population is projected to live in urban areas, to keep dense urban areas livable, future vehicles need to be compact, efficient, and affordable.



According to McKinsey, micro-vehicles are the “NEXT BIG THING” in urban mobility. Its survey suggested that around 54% of global consumers would consider micro-vehicles as their future mobility solution.

 


Eli is building a new breed of micro-EVs to make the most frequent short trips convenient, clean and affordable. Our first micro-EV Eli ZERO has already began sales in selected European cities in 2022, and we are planning to begin pilot sales in the US in 2023.


The Problem


Cars need to be designed for cities, not the other way around.

We need to scrap the “highway-centric” model of urban development and prioritize the ease and convenience of local trips.



  • In the US, 50% of daily trips are less than 3 miles. (source)
  • 75% of all car trips are under 10 miles. (source)
  • Many downtown areas devote 50-60% of valuable urban real estate to Cars. (source)
  • Congestion already costs each American nearly 100 hrs, $1400 a year (source)


Most car trips are short trips carrying just one person. Most of the energy is wasted on carrying the vehicle's own weight. Oversized vehicles are the root cause of urban congestion, pollution, waste of energy, material and public space.


As cities everywhere move toward a high-density, low speed, low impact model, it calls for a new type of personal vehicle to be created for people to conveniently get around in.

THE SOLUTION


Reimagine Personal Mobility 


Eli reimagines personal vehicles by focusing on attributes that can drastically reduce emission and congestion in cities and communities, unclog urban streets and make cities more livable and friendly.




Our first model, Eli ZERO, is less than half the size of conventional cars, 3 to 10 times more energy efficient, and significantly less expensive starting at $11,999, with a range of 45mi to 90mi, depending on the option.


At less than half the size of a conventional car, Eli ZERO uses significantly less material and parts, This makes Eli ZERO not only affordable and low maintenance, also much more energy efficient on urban streets, and generates lower carbon footprint throughout its lifecycle.



Eli ZERO is classified as an NEV/LSEV in the US, with a street-legal top speed of 25mph. In Europe It is classified as a L6e vehicle with a top speed of 45km/h, and 70km/h for a future L7e version. Our Micro-EV platform architecture is tailored to be efficient on urban streets, developed from the ground up with automotive-grade controllers and CAN network-enabled feature expansions.


THE MARKET


The Next Big Thing: Micro EV is Expected to Reach $100Bn by 2030


The latest study has suggested, the market for micro-vehicles like the Eli ZERO can reach $100BN by 2030. (Source)



In the US, 75% of car trips are under 10 miles, and almost 50% household trips are under 3 miles. Yet still, there are few options for personal vehicles purposefully built for these trips. A study by the Southern California Association of Governments concluded Micro-EV has the potential to account for 83% of vehicle trips under 5 miles and is the best solution for short trips.



In Europe, Eli ZERO is already certified to be street legal as L6e vehicles, and we’ve developed a growing network of sales! We are ready to scale up sales in Europe, while also planning to begin pilot sales in the US in 2023.


OUR TRACTION


Not a prototype, already in small-batch production



Eli’s team is made of designers, engineers and supply chain professionals with know-how and experience building golf carts, and EVs. 


After years of development, we have developed special structure, techniques, supply chain partnerships, and material know-hows tailored for micro-EV products.  



We designed our vehicle material and structure, around making our production process asset-light and reducing complexity for assembly. We are growing the company with an asset-light approach to maximize our capital efficiency, which is critical to build a sustainable hardware/EV business.


So far, Eli has already partnered with two established OEM manufacturers with a combined capacity of over 15,000 units per year


Why Invest


Eli is ready to lead a new mobility movement by building an exciting range of micro-EV products


Eli ZERO is just the beginning for us. After the launch of our first model, we are looking toward expansion into a range of other micro-EV products, services, and technologies, all of which will assist in our goal of establishing Eli as a future household brand for urban EV.



Now is the opportunity to join us and invest in the future of urban mobility. As we gear up for that “Ah-hah!” moment as more customers and businesses around the world are getting their first micro-EV, we hope you too are as excited about this electrifying ride as we are. 


Invest in Eli Electric today.


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In the Press

Automotive News

CES showcases auto suppliers and startups. | what may be the youngest automaker in the world revealed its first car.

TechCrunch

Eli EVs begins production, European rollout of Eli ZERO, a compact two-seater.

Treehugger

Eli ZERO Is a Vehicle Designed to Fit Cities.

Green Car Reports

Crowdfunding Eli Zero micro-EV starts shipping to EU dealers

designboom

The Eli ZERO aims to transform how we engage with our cities

Wired

Eli Zero, concept elettrico per la città It has everything to look interesting.

Ars Technica

Autonomous cars won’t solve traffic, but the Eli Zero could

digitaltrends

Eli is betting you’ll want to cruise the hood in this two-seater ‘NEV’

Offering Summary


Company

:

Eli Electric Vehicles, Inc.

Corporate Address

:

525 S Hewitt St, Los Angeles, CA 90013

Offering Minimum

:

$9,996.80

Offering Maximum

:

$3,179,017.60

Minimum Investment Amount

(per investor)

:

$448.80











Terms


Offering Type

:

Equity

Security Name

:

Class A Common Stock

Minimum Number of Shares Offered

:

1,136

Maximum Number of Shares Offered

:

361,252

Price per Share

:

$8.80

Pre-Money Valuation

:

$57,713,207.20











Voting Rights of Securities Sold in this Offering

Voting Proxy. Subscriber shall appoint the Chief Executive Officer of the Company (the “CEO”), or his or her successor, as the Subscriber’s true and lawful proxy and attorney, with the power to act alone and with full power of substitution, to, consistent with this instrument and on behalf of the Subscriber, (i) vote all Securities, (ii) give and receive notices and communications, (iii) execute any instrument or document that the CEO determines is necessary or appropriate in the exercise of its authority under this instrument, and (iv) take all actions necessary or appropriate in the judgment of the CEO for the accomplishment of the foregoing. The proxy and power granted by the Subscriber pursuant to this Section are coupled with an interest. Such proxy and power will be irrevocable. The proxy and power, so long as the Subscriber is an individual, will survive the death, incompetency and disability of the Subscriber and, so long as the Subscriber is an entity, will survive the merger or reorganization of the Subscriber or any other entity holding the Securities. However, the Proxy will terminate upon the closing of a firm commitment underwritten public offering pursuant to an effective registration statement under the Securities Act of 1933 covering the offer and sale of Common Stock or the effectiveness of a registration statement under the Securities Exchange Act of 1934 covering the Common Stock.

*Maximum number of shares offered subject to adjustment for bonus shares. See Bonus info below.

Investment Incentives & Bonuses*

Time-Based

First 72hrs

Invest within the first 72 hours and receive 10% bonus shares.

First Week

Invest within the first week and receive 8% bonus shares.

Second Week

Invest within the second week and receive 6% bonus shares.

First Month

Invest within the first month and receive 4% bonus shares.

Amount Based

4% Bonus Shares | $1,000+

Invest $1,000+ and receive 4% bonus shares.

6% Bonus Shares | $5,000+

Invest $5,000+ and receive 6% bonus shares.

10% Bonus Shares | $10,000+

Invest $10,000+ and receive 10% bonus shares.

Loyalty Bonus | 5% Bonus Shares

As you have previously invested in Eli Electric you are eligible for additional bonus shares.

*In order to receive perks from an investment, one must submit a single investment in the same offering that meets the minimum perk requirement. Bonus shares from perks will not be granted if an investor submits multiple investments that, when combined, meet the perk requirement. All perks occur when the offering is completed.

The 10% StartEngine Owners' Bonus

Eli Electric will offer 10% additional bonus shares for all investments that are committed by investors that are eligible for the StartEngine Crowdfunding Inc. OWNer's bonus.

This means eligible StartEngine shareholders will receive a 10% bonus for any shares they purchase in this offering. For example, if you buy 100 shares of Class A Common Stock at $8.80 / share, you will receive 110 shares of Class A Common Stock, meaning you'll own 110 shares for $880. Fractional shares will not be distributed and share bonuses will be determined by rounding down to the nearest whole share.

This 10% Bonus is only valid during the investors' eligibility period. Investors eligible for this bonus will also have priority if they are on a waitlist to invest and the company surpasses its maximum funding goal. They will have the first opportunity to invest should room in the offering become available if prior investments are canceled or fail.

Investors will receive the highest single bonus they are eligible for among the bonuses based on the amount invested and time of offering elapsed (if any). Eligible investors will also receive the Owner's Bonus and the Previous Investors Bonus in addition to the aforementioned bonus.

Irregular Use of Proceeds

The Company might incur Irregular Use of Proceeds that may include but are not limited to the following over $10,000: Inter company debt or back payments. Any expense labeled “Travel and Entertainment”. Any expense labeled “Administrative Expenses” not strictly for administrative purposes. Salary payments made to one’s self, a friend or relative. Vendor payments.

Show More
Most recent fiscal year-end:
Prior fiscal year-end:
Total Assets
$3,343,795.00 USD
$3,444,953.00 USD
Cash And Cash Equivalents
$219,240.00 USD
$96,428.00 USD
Accounts Receivable
$65,533.00 USD
$6,356.00 USD
Short Term Debt
$448,938.00 USD
$569,947.00 USD
Long Term Debt
$6,258,509.00 USD
$6,740,267.00 USD
Revenues And Sales
$593,302.00 USD
$8,473.00 USD
Costs Of Goods Sold
$576,571.00 USD
$9,271.00 USD
Taxes Paid
$0.00 USD
$0.00 USD
Net Income
-$2,522,547.00 USD
-$2,110,638.00 USD

Risks

A crowdfunding investment involves risk. You should not invest any funds in this offering unless you can afford to lose your entire investment. In making an investment decision, investors must rely on their own examination of the issuer and the terms of the offering, including the merits and risks involved. These securities have not been recommended or approved by any federal or state securities commission or regulatory authority. Furthermore, these authorities have not passed upon the accuracy or adequacy of this document. The U.S. Securities and Exchange Commission does not pass upon the merits of any securities offered or the terms of the offering, nor does it pass upon the accuracy or completeness of any offering document or literature. These securities are offered under an exemption from registration; however, the U.S. Securities and Exchange Commission has not made an independent determination that these securities are exempt from registration.


Updates

Eli’s New Funding Round Is Officially Live + 72 Hour Bonus Perk!

16 hours ago

Our new raise and first 72-hour perk are officially live! Invest now to receive a special bonus. If you’ve invested with us before, this time-based bonus will stack on top of your 5% previous investor bonus share perk as well!

With over $1.6M in sales, and after our first successful batch of 100+ vehicles sold and shipped, we’ve begun hearing a common request from our distributors —  “BUILD US MORE”

The capital from this raise will be used to fulfill our rolling orders from EU distributors and to officially launch Eli ZERO in the U.S in 2023, starting from pilot programs. In this round, we are planning to bring Eli Electric to the next stage of growth.



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