Company Profile (AI Text)
Name: Lit Motors Inc.
Canonical URL: https://wefunder.com/litmotors
Updated at: 2026-06-19T05:01:12Z

Tagline: Thrill of a Self-Balancing Electric 2 wheeled Car!

Key claims:
- Total raised on Wefunder: 1432943 | citation: https://wefunder.com/litmotors#claim-total-raised
- Total investors: 964 | citation: https://wefunder.com/litmotors#claim-total-investors

Verified facts:
- Total raised on Wefunder: 1432943 | observed_at: 2026-06-19T05:01:12Z | expires_at: 2026-06-20T05:01:12Z
- Total investors: 964 | observed_at: 2026-06-19T05:01:12Z | expires_at: 2026-06-20T05:01:12Z

Computed metrics:
- total_amount_raised: 1432943
- total_investors: 964
- team_size: 10
- featured_investor_count: 2
- faq_count: 5
- recent_post_count: 0

Quick facts:
- Balance Control System finalized, clearing the way for the next prototype phase | citation: https://wefunder.com/litmotors#claim-fact-1
- Partnership with Ideenion to build the X-1 prototypes | citation: https://wefunder.com/litmotors#claim-fact-2
- The X-1 is a test drive / qualitative pricing clinic, providing hard data for demand validation | citation: https://wefunder.com/litmotors#claim-fact-3
- This round moves Lit Motors from engineering R&D to real-world market proof | citation: https://wefunder.com/litmotors#claim-fact-4
- 1,500+ pre-orders and +61% preorder growth | citation: https://wefunder.com/litmotors#claim-fact-5
- 1,000+ investors joined Lit Motors' first Wefunder | citation: https://wefunder.com/litmotors#claim-fact-6
- Engineering leadership includes talent from Audi and Honeywell | citation: https://wefunder.com/litmotors#claim-fact-7
- Renewed Patent Portfolio till 2046 with 16 US & Int'l 71 issuances, 136 applications. | citation: https://wefunder.com/litmotors#claim-fact-8

FAQ:
- Q: What is the status of original reservation holders?
  A: Hi Malcolm, original reservation holders still hold their place in the queue! If you have made a reservation in the past, your place in the queue will not be affected whether or not you decide to invest in this campaign.
- Q: I have invested in previous rounds of this venture, it would be nice to know the status of the original reservation holders.
  A: Thank you being a longtime supporter, Laurie! All original reservation holders are still valid and continue to hold their place in our reservation database. Let us know if you have any additional questions!
- Q: I'm sorry, my original question was too vague. I'm assuming that the original reservation did not count as an *investment* per se? What's the route if I want to make an actual investment without reserving an additional vehicle?
  A: No worries! Correct - this Wefunder campaign is our first time offering an investment opportunity via equity crowdfunding. The $1000 preorder qualification tier available here is a perk (not a requirement) so the money you decide to invest here goes fully towards the "actual investment", and not an additional preorder. You are not required to accept an additional reservation if you do not wish to, and your status in our preorder database will not be affected by investing in this campaign. Hop...
- Q: Good morning I am located in France and have been following your communications for years and are you thinking of exporting your extraordinary vehicle to the old continent? Especially in France! Thanks in advance Happy New Year of the Wooden Dragon! Kind regards, Christophe
  A: We would love to launch in France, Germany, and the UK. Happy Lunar New year of the Wooden dragon, indeed.
- Q: What is your definition of range. for example the range of a Porsche Taycan is stated as 280 miles but the real achievable range is 190. You can't run the battery down below 10% and outside temperatures in the UK are never 31 degrees. Combined road miles is some mythical road ...
  A: We are realistically estimating a range of 160-185 miles per charge with a 13kWh battery pack (13.5 mls/kWh) on a 0 grade highway at 55mph. This may increase with our vehicle's overall aerodynamic value of .195 Cd