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Invest in Eli Electric Vehicles
Maximum Number of Shares Offered subject to adjustment for bonus shares
*Maximum number of shares offered subject to adjustment for bonus shares. See bonus info below.
Voting Rights of Securities Sold in this Offering
Each 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.
Investment Incentives*
Time-Based:
24 Hrs Super Early Bonus (Limited Time)
Invest within the first 24 hours and receive 15% bonus shares.
48 Hrs Super Early Bonus (Limited Time)
Invest within the first 48 hours and receive 12% bonus shares.
72 Hours Limited Bonus
Invest within the first 72 hours and receive 10% bonus shares.
First Week Exclusive Bonus
Invest within the first week and receive 8% bonus shares.
2nd Week Exclusive Bonus
Invest within the first two weeks and receive a 6% bonus shares.
1st Month Exclusive Bonus
Invest within the first month and receive a 4% bonus shares.
Amount-Based:
$550+ | Tier 1
Receive 3% bonus shares.
$1,200+ | Tier 2
Receive 6% bonus shares.
$2,500+ | Tier 3
Receive 8% bonus shares.
$5,500+ | Tier 4
Receive 10% bonus shares + exclusive investor gift package.
$12,000+ | Tier 5
Receive 13% bonus shares + name recognition on special user manual + all lower-tier perks.
$25,000+ | Tier 6
Receive 16% bonus shares + all lower-tier perks.
*All perks occur when offering is complete.
The 10% StartEngine Owners' Bonus
Eli Electric Vehicles, Inc. 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 $5.50 / share, you will receive 10 additional shares of Class A Common Stock, meaning you'll own 110 shares for $550. 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 cancelled or fail.
Investors will only receive a single bonus, which will be the highest bonus rate they are eligible for.
Irregular Use of Proceeds
Cancel anytime before 48 hours before a rolling close or the offering end date.
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