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Atlis Motor Vehicles, Inc.

Operating

Atlis Motor Vehicles, Inc

Energy & Cleantech · Mesa, AZ

The electric pickup truck with no compromises

Post-money valuation
$90.9M
As of Apr 2020 · from Atlis Stock 2 · pre-money + amount raised, not a traded price
Total raised
$21,630,636
Across 5 rounds since 2018
Latest share price
$15.88
Reg A Offering (2021) offering price

Financials

FY2015–FY2024 · from SEC filings · hover any figure for its source
$0
−$41K
2017
$0
−$596K
2018
$2K
−$460K
2019
$0
−$11.7M
2020
$0
−$133.7M
2021
−$70.7M
2022
$496K
−$40.2M
2023
$18K
−$23.7M
2024
RevenueNet income — beside revenue when positive, below the line when a loss

Chart shows the most recent 8 fiscal years; 2 earlier years are in the table below.

Metric
FY2015
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021 audited
FY2022 audited
FY2023 audited
FY2024 audited
Income statement
Revenue
$0
$0
$0
$0
$2,287
$0
$0
$496,000
$18,000
Cost of goods sold
$0
$0
$0
$0
$2,275
$0
$0
$1,029,000
$95,000
Gross margin
1%
-107%
-428%
Net income
-$1,251
-$41,140
-$41,141
-$595,862
-$459,811
-$11,664,212
-$133,736,000
-$70,681,000
-$40,178,000
-$23,748,000
Taxes paid
$0
$0
$0
$14,022
$3,078
$147,511
$420,439
Balance sheet
Cash
-$1,251
$609
$1,859
-$1,500
$5,074
$42,994
$3,146,000
$2,701,000
$2,846,000
$2,667,000
Accounts receivable
$0
$0
$0
$0
$0
$0
$0
Total assets
-$1,251
$609
$609
$15,018
$17,463
$243,917
$4,613,000
$7,038,000
$13,259,000
$8,478,000
Short-term debt
$0
$0
$33,000
$106,830
$44,328
$92,931
$397,309
Long-term debt
$0
$0
$0
$0
$0
$0
$0
Total liabilities
$0
$0
$33,000
$106,830
$50,765
$1,907,773
$813,000
$16,086,000
$6,595,000
$2,446,000
Other
Headcount
1
7
16
50
71

Figures as reported by the issuer in the filing shown on hover. Each year’s pill shows the assurance level of its filed statements — audited, reviewed (CPA review, less than an audit), or unaudited; no pill means the filing didn’t state one. Headcount is the filing’s point-in-time count, not a year-end average. Manually corrected figures are marked “Corrected”.

Valuation over rounds

Post-money = pre-money + amount raised · caps marked
$4.0M
post-money
$90.9M
post-money
Reg CF Offering (2018)
Atlis Stock 2

A dashed amber step is a SAFE/note valuation cap — a conversion ceiling agreed for that instrument, not a priced valuation of the company. Steps are not comparable across bases.

Fundraising history

Reg A Offering (2021)ClosedReg A+ · Equity · via RIALTO MARKETS LLC
Raised $14.5M / $10M
Reg A Offering (2020)ClosedReg A+ · Equity · via JumpStart Broker/Dealer
Raised $0 / $25M
Reg CF Offering (2021)ClosedReg CF · Common Equity · via RIALTO MARKETS LLC
Raised $5M / $5M
Atlis Stock 2ClosedReg CF · Common Equity · via StartEngine
Raised $1.1M / $1MInvestors 1,890Post-money $90.9M
Reg CF Offering (2018)ClosedReg CF · Common Equity · via StartEngine
Raised $1.1M / $1.1MInvestors 2,984Post-money $4M

Team

9 people
Mark HanchettFounder
Founder, Director, Chief Executive Officer

Mark Hanchett has over ten years of product development experience with 16 successful electromechanical and software product launches. Mark Hanchett brings a passion for solving hard problems in product strategy, design, manufacturing, and business operations, while continuously driving a focus on the best possible customer experience. Mark has served as Founder, DIrector, and CEO of Atlis Motor Vehicles since inception in 2016. Before starting Atlis Motor Vehicles, Mark Hanchett was a director at Axon Enterprise Inc from 2012 to 2017, leading teams in the development of innovative hardware and software products for law enforcement. From 2007 to 2012 Mark Hanchett served as a senior mechanical engineer and project manager leading cross-functional teams through design and development of innovative conductive electrical weapons at Axon Enterprise inc.

Annie Pratt
President
Benoit Le Bourgeois
VP of User Experience
Greg Hassler
VP Business Operations

Greg comes from a background in IT where he became involved with an automotive software startup company. Moving through a variety of roles including CTO, COO, and VP of IT Operations, he was a key asset in building the company to 150+ employees and executing an acquisition by AutoTrader.com. Since then he has been consulting with a variety of businesses and partnered with, invested in, and project managed other startups. Greg has been a lifelong motorsports enthusiast, having raced Porsches and motorcycles, and off-roading in a variety of trucks and SUVs. He’s been living the EV life since 2014 and is actively involved in many EV advocacy groups, now having 3 electric vehicles of his own on both four wheels and two.

Roger Townsend
VP of Vehicle Engineering
Britt Ide
Board Director
Derek Duff
Vehicle Dynamics Engineer

Derek's love for the automotive industry started with his first truck - researching trucks and imagining a way to design and modify them. After graduating with a degree in Mechanical Engineering from the University of Maine, he moved to Michigan to work with IAV Automotive Engineering at the Chrysler Proving Grounds. Derek spends most of his personal time designing and implementing his ideas into truck builds. He is designing, testing and validating the suspension and chassis designs for the Atlis Motor Vehicles XT and XP.

Ishaan Puranik
Battery Systems Engineer

Ishaan completed his bachelor’s in electrical engineering from University of Pune (India) and then pursued a master’s (MSc) from Arizona State University in Electrical Engineering with specialization in Power Electronics, Li-ion battery applications and Electrical Machines. He is passionate about Electric Vehicles (EVs) and believe that it is the future to come. Ishaan has been involved in many projects related to electric vehicles like design of DC motor regenerative drive, power split between EV battery unit and ultra-capacitor to improve battery performance, and checking viability of MMC based inverter system for AC motor drive in EVs. Ishaan's thesis "Evaluation of Battery Performance in MMC based BESS" has been accepted at IEEE 2018 ECCE conference and will be published on IEEE website after 27th of September 2018.

Ross Compton
Lead Vehicle Designer

Ross has had a varied background within automotive design. After completing the famous Coventry University Automotive and Transport design course he went straight to Turin, Italy where he was lucky enough to work on the interior to the Willys AW380 show car shown in Bologna 2014. From there Ross has been on many smaller scale projects for new and developing brands, designing everything from supercars to trucks. Perhaps the most notable experience is his work at Bollinger Motors where Ross, alongside the owner, designed the Bollinger B1. His growing collection of works can be found on his own site www.macchinadesign.com.

Names and titles as disclosed on SEC Form 1-A, StartEngine, SEC Form C. Bios and photos come from the platform campaign page and may be out of date.

Reg CF annual-report compliance

Not requiredFiles 10-K/10-Q (Exchange Act reporter)

Filed 4 of 9 annual reports (FY2017–FY2025)

2,984 investors
holder-count proxy

Reg CF issuers must file a Form C-AR each year until a Rule 202(b) termination trigger is met.

  • Form 10-QMay 15, 20250001214659-25-007631
    EDGAR
  • Form 10-K/AApr 30, 20250001214659-25-006713
    EDGAR
  • Form 10-KMar 17, 20250001214659-25-004401
    EDGAR
  • Form DJan 13, 20250001213900-25-002759
    EDGAR
  • Form 10-QNov 13, 20240001214659-24-018792
    EDGAR
  • Form 10-QAug 6, 20240001214659-24-013896
    EDGAR
  • Form 10-QMay 10, 20240001214659-24-008802
    EDGAR
  • Form 10-K/AMay 1, 20240001214659-24-007927
    EDGAR
Source: ManualCIK 0001722969DEShare price $15.88

About this data. Figures are compiled from public sources — SEC EDGAR filings (Form C, C-AR, 1-A, 1-K) and funding-platform pages — and may be delayed, incomplete, or restated by the issuer. Financial statements are as reported by the issuer; each year is labeled with its assurance level (audited / reviewed / unaudited). A valuation cap is the conversion ceiling of a SAFE or convertible note, not an agreed company valuation; post-money figures are computed as pre-money plus amount raised and are not a traded price. Crowdonomics is not a broker-dealer, funding portal, or investment adviser; nothing here is investment advice or an offer to sell securities. Verify all figures against the linked EDGAR filings.