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Eli Electric Vehicles

Operating

Eli Electric Vehicles, Inc.

Industrial & Manufacturing · Engineering · Los Angeles, CA · Founded 2018

The next evolution of personal mobility

Post-money valuation ⓘ
$58.8M
As of Sep 2023 · from Reg CF Offering (2022) · pre-money + amount raised, not a traded price
Total raised
$6,508,586
Crowd $4.8M · Private $1.7M · 10 rounds since 2019
Latest share price
$9.80
Reg CF · Class A Common Stock · Nov 2024 offering price

Financials

FY2018–FY2024 · from SEC filings · hover any figure for its source
$0
2018
$2K
−$1.6M
2019
$8K
−$2.1M
2020
$593K
−$2.5M
2021
$1.2M
−$2.2M
2022
$2.7M
−$2.5M
2023
$2.0M
−$3.0M
2024
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2018
FY2019 reviewed*
FY2020
FY2021
FY2022 audited
FY2023 audited
FY2024 unaudited
Income statement
Revenue
$0
$2,448
$8,473
$593,302
$1,222,756
$2,689,237
$1,987,790
Cost of goods sold
$0
$2,565
$9,271
$576,571
$144,720
$2,398,694
$1,978,551
Gross margin
—
-5%
-9%
3%
88%
11%
0%
Net income
$0
-$1,647,632
-$2,110,638
-$2,522,547
-$2,152,484
-$2,535,490
-$3,018,483
Taxes paid
$0
$0
$0
$0
$0
$0
$0
Balance sheet
Cash
$0
$380,739
$96,428
$219,240
$214,272
$452,995
$74,143
Accounts receivable
$0
$5,801
$6,356
$65,533
$78,913
$615,561
$870,052
Total assets
$0
$3,679,014
$3,444,953
$3,343,795
$2,776,046
$3,568,323
$2,658,116
Short-term debt
$0
$4,205,796
$569,947
$448,938
$7,946,704
$10,403,744
$11,362,574
Long-term debt
$0
$0
$6,740,267
$6,258,509
$0
$0
$0
Total liabilities
$0
$4,205,796
$7,310,214
$6,707,447
$7,946,704
$10,403,744
$11,362,574
Other
Headcount
—
24
23
18
21
25
25

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, as the filing’s own report or certification states it. A dashed pill marked * is inferred instead: the SEC minimum for an offering that size, which the issuer may have exceeded. No pill means we couldn’t tell. Headcount is the filing’s point-in-time count, not a year-end average. Manually corrected figures are marked “Corrected”.

Valuation over rounds

Pre-money — the valuation set before each round’s money came in
$18.0M
Valuation cap
$31.7M
pre-money
$57.7M
pre-money
$9.4M
est. pre-money
$9.4M
est. pre-money
Reg CF · Class A Common · Aug 2020
Reg CF · Common · Sep 2021
Reg CF · Common · Sep 2022
Reg CF · Class A Common · Nov 2024
Reg CF · Common · Feb 2024

Blue bars are the pre-money valuation the company stated for a priced round. Dotted grey bars are our estimate for rounds that didn't state one: the round's share price × the shares outstanding in its filings. Same measure as blue, but rougher. Dashed amber bars are a SAFE or convertible note's valuation cap — the most it converts at, not what the company is worth, so don't compare them with the other bars.

Share price over rounds

log scale
$9.80$0.0313$0.0001
Sep 2019Nov 2024
Round offering price or verified disclosed saleDisclosed sale, unverified or year-only

Disclosed sales come from the issuer's own filings (prior-offering lines, audited-statement notes) and are amount ÷ securities sold. A down round is a firm point more than 25 % below the previous firm point of the same share class on a comparable basis; the comparison ignores unverified and year-only lines, and each class is drawn as its own line.

Cap table

Share counts as of Dec 31, 2024

These classes don't convert into each other and last sold at very different prices, so their share counts can't be added up into ownership percentages. Compare them by price instead.

ClassOutstandingVotes / shareLast price
Series Seed Preferred Stockpreferred(as of Jan 15, 2024)3,402,0001—
Preferred Stockpreferred(as of Dec 31, 2023)56,340—$1.42Sep 2019
Common Stock1,780,000——
Class A Common Stock(as of Jan 15, 2024)1,134,9911$9.80Nov 2024

Principal holders% as the filing states it, May 1, 2025

  • LBH Holdings Limited900,000 Class B Common Stock63.2%of votes
  • Everyone else (not named in filings)36.8%

Sold to the crowd

From the company's SEC filings: share counts per class, each class's voting and conversion terms, and the holders of 20% or more that Form C requires (officers and 10%+ holders on Form 1-A). Filings name only large holders, so most owners — including crowd investors — are not listed, and a holder's percentage may be of its own class rather than of the whole company. Prices and crowd share counts are in today's share terms — adjusted for splits and conversions since they were sold. Hover a figure for its filing.

Fundraising history

Raised $1.2M / $4.1MEst. pre-money $9.4M
Raised $133.5K / $1MInvestors 56Est. pre-money $9.4M
Raised $813.3K / $3.2MInvestors 614Post-money $58.8M
Raised $1.3M / $3.5MInvestors 1,547Post-money $33.6M
Raised $1.4M / $1.1MInvestors 1,534Valuation cap $18M

Team

7 people
Marcus LiFounder
Founder, CEO, and Director

Marcus was inspired by his training as an architect to found Eli and enhance the urban experience through mobility innovation. Formerly, Marcus was the Chief Architect at Greenman Machinery where he led R&D for a golf cart.

/s/ Binhan (Marcus) Li
CEO
Allen Wang
Head of Supply Chain

Allen Wang has over 14 years in supply chain management and quality assurance with leading Chinese LSEV Manufacturers, and was the Former VP of Procurement at Yogomo.

Sabrina Yuan
SVP Business Development and Strategy & Secretary

Sabrina Yuan is a vet of the operation, marketing, sales, and regulatory environments with experience across global markets. She is the former VP of Porsche Group China.

Gary Awad
Advisor

Founder and Managing Principal of ThreeG Capital. Gary has served on the Board of Directors of public and private companies, with experience as both Chairman and member of Board Committees. He is a long-standing member of the Pasadena Angels, one of the top ten Angel investor organizations in the U.S. and its PA Ventures Fund. He also serves on non-profit Boards, including the board of Beacon Housing, and Chairs the Advisory Board of the Homeboy Industries Ventures and Jobs Fund.

Taj Ahmad-Eldridge
Advisor

Senior Director of Investment at Los Angeles Cleantech Incubator. Taj was formerly part of the steering committee for The Highlander Venture Fund, also the Director with the ExCITE Incubator, and advisor in residence for the Leathery Center for Entrepreneurship.

/s/ Cody Dumont
Director

Names and titles as disclosed on 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 required3+ reports filed & assets ≤ $10M

Filed 5 of 6 annual reports (FY2020–FY2025)

1,547 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 C-AR/AMay 1, 20250001477932-25-003186
    EDGAR
  • Form C-ARApr 30, 20250001477932-25-003168
    EDGAR
  • Form C-UDec 16, 20240001477932-24-008095
    EDGAR
  • Form C/ANov 22, 20240001477932-24-007553
    EDGAR
  • Form CNov 14, 20240001477932-24-007185
    EDGAR
  • Form C-USep 11, 20240001477932-24-005654
    EDGAR
  • Form C-ARMay 23, 20240001477932-24-003253
    EDGAR
  • Form C/AApr 29, 20240001477932-24-002375
    EDGAR
Source: ManualCIK 0001819702DEShare price $9.80

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.