Investor Accounts
Investors Accounts
Investors who previewsly invested in Eli can view their individual investments by logging into their accounts managed by our Transfer Agent (Colonial Stock Transfer). If you are an investor, you should have received an email from our Transfer Agent with detailed login instructions. If you have not received an email regarding your account information, please check your SPAM inbox, or email us at ir@eli.world.
Shares from Ongoing Round
If you have invested in Eli through multiple equity crowdfunding rounds, investments from the ongoing equity round will not be shown in your account, until after the round is closed.
Pre-existing Account with Colonial
Shareholders who already have an account with Colonial should log into their already-existing account and then link the Eli Electric account using the account numbers they were provided. If they run into any problems, they can email our shareholder support team at shareholders@colonialstock.com.
Your Investments drive our progress. You may continue to support us by increasing your investment, and participating in our latest round of investment. Thanks for being an early investor of Eli!
ABOUT THE CURRENT RAISE - 2024 EXTENSION ROUND
What’s your share price? $9.80/share
What is the minimum investment size? The minimum investment size for this current round is $970.20 plus a 2.5% transaction fee
What kind of shares are you issuing? Class A Common Stock
How much are you raising? Offering is capped at $1 million for this limited extension round.
What is the current valuation of the company?
The current valuation is approximately $71.13M. The effective valuation for each investor will also depend on bonus shares the investor is eligible to receive. For example, if an investor receives 20% bonus, then the investor's average share price is 100%/120%=83% of the full share price, this reduces the equivalent valuation to around 83% of $71.13, which is around $59M.
Startup Valuation reflect business performance and growth potential. Early-stage investments often come with the opportunity to secure shares at a certain share price reflecting its early valuation. As the company progresses, executes its strategy, and grows its market position, the valuation can change, which, in turn, may drive up the share price. By investing early, you position yourself to benefit from this potential growth, capturing value as the business matures and its prospects evolve. One may invest in Rivian at $500M in early stage, $3.5Bn at Series C or even over $60B at IPO, at significantly different prices, however the share price and ownership would vary significantly, leading to various level of return before reaching IPO.
Below are some examples of EV startups valuations for reference.
- Canoo $2.4 Bb at IPO
- Rivian $3.5Bn at Series C; $66.5 Bn at IPO
- Aptera $582 Mn in 2024 (private funding round)
- Bollinger Motors $148.2 Mn during Acquisition
- Arrival $13B at IPO
Why should I invest?
You get a rare opportunity to invest in an early stage electric vehicles (EV) startup, at its current valuation before its continued growth and maturity. Eli is not only an EV startup, it also taps into the segment of urban mobility, through its advanced micro-EV products.
Besides EV’s global surge and expected dominance as cities grow, there’s a fast growing need for space-efficient urban transportation. Our micro-EVs cater to this demand and more. The new estimate by McKinsey, indicating that the Total Addressable Market for micro-EVs is $470 Billion, strongly reinforces our strategic position. Breakthroughs in battery technology enable us to produce high-quality, affordable micro-EVs, addressing changing consumer preferences toward practical, cost-effective, and sustainable transportation options. The convergence of these factors, along with new technologies and service-based business models, creates a unique window of opportunity for disruption in the transportation industry. By capitalizing on this moment, we position ourselves at the forefront of a significant shift in urban mobility.
How will Eli Electric Vehicles make money?
Our current business model focuses on key revenue streams, including vehicle sales to distributors and dealers as the primary source of income. Additional revenue comes from sales of parts, customization options, and accessories, which are expected to grow and contribute more to overall profitability. In 2023, the introduction of Eli Energy as a new business unit involved selling solar products to business customers, contributing to cash flow. While not the core business, this diversification strategy adds to overall financial stability. Future plans include the development of vehicle-related services such as connectivity, subscription models, and additional warranties to further boost revenue and margins.
How do you plan to use the proceeds from this funding round?
Proceeds from this round will go primarily towards production and expansion of our signature product, the Eli ZERO as we look to enter new markets and scale up our sales efforts. Additionally, some proceeds from this raise will go towards other areas, including research and development and general operations.
How do I get a return on my investment?
Investing in startups is risky and there is no guarantee you will get a return on your investment. However, an exit opens up the opportunity where you could convert your shares into cash or a more liquid asset. Exits include going public, getting acquired by a larger company, or our company buying back shares. If the value of our company grows, then you have a higher potential of making a profit on your investment during one of these exits.
How long are you expecting the company to operate before needing another round?
We expect proceeds from this round to allow us to continue to operate through 3rd quarter of 2025, without considering potential earnings from operating the business. If we hit our revenue and operating goals, and reach cash flow positive, we will be able to continue to grow our business sustainably, however we may still need to raise additional capital to make additional investment and accelerate growth.
How many investors do you have already?
3,800+
When will I receive my shares?
Shares will be rewarded after the investment funds clear. This typically takes around 3 weeks after investment. We will separately open a transfer agent account for our investors, where you will be able to see the records of your shareholding. Your shareholding information in your transfer agent account is not real time and will normally be updated after a period of time after a round is fully closed.
Are there higher fees if you invest via credit card vs. ACH?
No, costs are the same, regardless of how you invest.
Will you be paying out dividends to investors?
We currently do not have plans to pay out dividends to investors. Investors should not expect dividend payment.
What is your IPO timeline?
Generally we do not disclose timeline and plans for a potential IPO unless necessary. In those cases, we will disclose details regarding developments in email communications and updates to investors. We believe we still have tremendous room to grow in terms of our stage and valuation, despite already achieving many goals. This year we plan to hit several milestones that are expected to add significant value to our company, so we are prioritizing achieving these objectives.
