Data / Crowdfunding / California / Eli Electric Vehicles, Inc.
Eli Electric Vehicles, Inc.: crowdfunding raise on DEALMAKER SECURITIES LLC, $10,004 to $1,024,991 (2024)
Eli Electric Vehicles, Inc., a corporation in Los Angeles, CA, filed a Form C with the SEC on November 22, 2024 to raise $10,004 to $1,024,991 in Class A Common Stock through DEALMAKER SECURITIES LLC. The offering closed on December 31, 2024. In its most recent fiscal year it reported $1,987,790 in revenue and a net loss of $3,018,483, with 25 employees.
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- Website
- www.eli.world
- Funding portal
- DEALMAKER SECURITIES LLC
- Address
- 525 S HEWITT ST, Los Angeles, CA 90013
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- February 6, 2018
- SEC CIK
- 0001819702
Offering terms
From the amendment filed November 22, 2024.
- Security
- Class A Common Stock
- Price
- $9.80
- Target
- $10,004
- Maximum
- $1,024,991
- Deadline
- December 31, 2024
- Portal compensation
- 8.5% of the amount raised, one-time activation fees of $5,000, monthly fees of $2,000
Financials
From the Form C-AR/A filed May 1, 2025.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $1,987,790 | $2,689,237 | sec.gov |
| Cost of goods sold | $1,978,551 | $2,398,694 | sec.gov |
| Net income | $-3,018,483 | $-2,535,490 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $2,658,116 | $3,568,323 | sec.gov |
| Cash | $74,143 | $452,995 | sec.gov |
| Accounts receivable | $870,052 | $615,561 | sec.gov |
| Short-term debt | $11,362,574 | $10,403,744 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| May 1, 2025 | Annual report, amended | Not listed | Not listed | sec.gov | ||
| April 30, 2025 | Annual report | Not listed | Not listed | sec.gov | ||
| December 16, 2024 | Progress update | $10,004 | $1,024,991 | December 31, 2024 | Final amount raised: $133,494.97 (including investor ancillary fee) from 56 investors. | sec.gov |
| November 22, 2024 | Amendment | $10,004 | $1,024,991 | December 31, 2024 | Updating equity perks | sec.gov |
| November 14, 2024 | Offering | $10,004 | $1,024,991 | December 31, 2024 | sec.gov | |
| September 11, 2024 | Progress update | $9,800 | $4,099,997 | January 1, 2025 | Final amount raised: $1,205,860.64 | sec.gov |
| May 23, 2024 | Annual report | Not listed | Not listed | sec.gov | ||
| April 29, 2024 | Amendment | $9,800 | $4,099,997 | January 1, 2025 | Update the financials with the Company's 2023 audited numbers. | sec.gov |
| April 3, 2024 | Amendment | $9,800 | $4,099,997 | January 1, 2025 | Update time-based perks | sec.gov |
| February 9, 2024 | Offering | $9,800 | $4,099,997 | January 1, 2025 | sec.gov | |
| October 4, 2023 | Progress update | $9,996 | $3,179,017 | September 28, 2023 | At the close of the offering, the issuer closed on $813,329.12 and 102,621 number of securities | sec.gov |
| August 21, 2023 | Amendment | $9,996 | $3,179,017 | September 28, 2023 | Issuer is extending their end date | sec.gov |
| June 22, 2023 | Amendment | $9,996 | $3,179,017 | September 5, 2023 | Issuer is extending their end date | sec.gov |
| April 27, 2023 | Annual report | Not listed | Not listed | sec.gov | ||
| April 26, 2023 | Amendment | $9,996 | $3,179,017 | June 27, 2023 | Issuer is extending their end date and updating their financials | sec.gov |
| February 23, 2023 | Amendment | $9,996 | $3,179,017 | April 27, 2023 | Issuer is adding video and extending the campaign end date | sec.gov |
| December 28, 2022 | Amendment | $9,996 | $3,179,017 | February 27, 2023 | Issuer is extending campaign end date. | sec.gov |
| October 6, 2022 | Progress update | $10,000 | $1,070,000 | July 29, 2021 | Adjustment to the initial Form C-U filing. At the close of the offering, the issuer closed on $1,426,804.74 and 1,378,319.99 number of securities. | sec.gov |
| September 30, 2022 | Offering | $9,996 | $3,179,017 | December 29, 2022 | sec.gov | |
| September 15, 2022 | Annual report | Not listed | Not listed | sec.gov | ||
| April 27, 2022 | Progress update | $9,999 | $3,499,996 | April 16, 2022 | At the close of the offering, the issuer closed on $1,264,743.14 and 243,532 number of securities. | sec.gov |
| March 15, 2022 | Amendment | $9,999 | $3,499,996 | April 16, 2022 | Campaign is extending the offering | sec.gov |
| September 13, 2021 | Offering | $9,999 | $3,499,996 | March 16, 2022 | sec.gov | |
| July 30, 2021 | Annual report, amended | Not listed | Not listed | sec.gov | ||
| July 30, 2021 | Progress update | $10,000 | $1,070,000 | July 29, 2021 | At the close of the offering, the issuer closed on $1,380,761.74 and 1333828 number of securities. | sec.gov |
| April 30, 2021 | Amendment | $10,000 | $1,070,000 | July 29, 2021 | Issuer extended their campaign, increased their max raise amount, and added updated financials. | sec.gov |
| April 29, 2021 | Annual report | Not listed | Not listed | sec.gov | ||
| April 23, 2021 | Amendment | $10,000 | $1,070,000 | April 30, 2021 | Clerical error with Form-C document. Corrections made to Company Securities on page 18. | sec.gov |
| March 4, 2021 | Amendment | $10,000 | $1,070,000 | April 30, 2021 | Issuer added the corrected Convertible Note Subscription Agreement as exhibit F to the Form C | sec.gov |
| January 11, 2021 | Amendment | $10,000 | $1,070,000 | April 30, 2021 | Issuer extended its campaign. | sec.gov |
| November 9, 2020 | Amendment | $10,000 | $1,070,000 | January 13, 2021 | Issuer extended its campaign. | sec.gov |
| August 14, 2020 | Offering | $10,000 | $1,070,000 | November 12, 2020 | sec.gov |
Updated May 1, 2025. Read from SEC EDGAR. Public domain (U.S. government work). Financials are as each company reported them in its Form C, unaudited unless the filing says otherwise. Websites are the ones the companies declared to the SEC. Free to reuse with credit to SpecStream under CC BY 4.0. Spot a wrong value? Write to [email protected] with the link to this page.