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LIT MOTORS

Operating

Lit Motors Corporation

Software & AI · Founded 2010

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Revolutionary self-balancing 2-wheeled car

Valuation cap ⓘ
$90.0M
As of Apr 2025 · from Reg CF Offering (2024) · a SAFE/note conversion ceiling, not a priced valuation
Total raised
$2,006,554
Crowd $1.9M · Private $125K · 4 rounds since 2024

Financials

FY2022–FY2024 · from SEC filings · hover any figure for its source
$0
−$556K
2022
$0
−$939K
2023
$0
−$1.7M
2024
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2022 audited*
FY2023 audited
FY2024 audited
Income statement
Revenue
$0
$0
$0
Cost of goods sold
$0
$0
$0
Net income
-$556,331
-$939,282
-$1,712,009
Taxes paid
$0
$0
$800
Balance sheet
Cash
$50,156
$48
$288,888
Accounts receivable
$0
$0
$0
Total assets
$853,460
$700,396
$1,415,623
Short-term debt
$6,200,419
$6,200,419
$16,190
Long-term debt
$1,108,507
$2,674,953
$11,997,144
Total liabilities
$7,308,926
$8,875,372
$12,013,334
Other
Headcount
—
4
4

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

Valuation caps on SAFE / convertible note rounds
$90.0M
Valuation cap
Reg CF · SAFE · May 2024

Dashed amber bars are a SAFE or convertible note's valuation cap — the most it converts at, not what the company is worth.

Fundraising history

Reg CF · SAFE · Feb 2026Closedvia WeFunder
Raised $0 / $4.7M
Rule 506(c) · Equity · May 2025Closed
Raised $25KInvestors 1
Reg CF · SAFE · May 2024Closedvia WeFunder
Raised $1.9M / $5MValuation cap $90M
Rule 506(b) · Equity · Dec 2024Closed
Raised $100KInvestors 1

Team

1 person
Danny KimFounder
CEO, CTO, and Founder

Names and titles as disclosed on SEC Form C. Bios and photos come from the platform campaign page and may be out of date.

Reg CF annual-report compliance

Not requiredFewer than 300 holders of record

Filed 1 of 2 annual reports (FY2024–FY2025)

1 investors
holder-count proxy

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

SEC filings

  • Form C-ARFeb 11, 20260001588286-26-000002
    EDGAR
  • Form CFeb 11, 20260001588286-26-000003
    EDGAR
  • Form DMay 28, 20250001588286-25-000001
    EDGAR
  • Form DDec 20, 20240001588286-24-000002
    EDGAR
  • Form CMay 10, 20240001670254-24-000584
    EDGAR
Source: ManualCIK 0001588286

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.