{"data":{"type":"company_profile","id":148615,"entity_id":"wefunder:company:148615","attributes":{"canonical_url":"https://wefunder.com/litmotors","generated_at":"2026-06-19T21:00:47Z","updated_at":"2026-06-19T05:01:12Z","entity_ids":{"company":"wefunder:company:148615","slug":"wefunder:company_slug:litmotors"},"profile_visibility":{"owner_published":true,"public_search_results":true,"site_search_listed":true,"privacy_mode":"promote","invite_only":false},"provenance":{"source":"wefunder_public_company_profile","as_of":"2026-06-19T21:00:47Z","claims":{"total_amount_raised":{"source":"FrontCompanySummary#amount_raised","last_verified_at":"2026-06-19T05:01:12Z","as_of":"2026-06-19T21:00:47Z","confidence":"high"},"total_investors":{"source":"FrontCompanySummary#number_of_investors","last_verified_at":"2026-06-19T05:01:12Z","as_of":"2026-06-19T21:00:47Z","confidence":"high"},"active_raise_states":{"source":"Fundraise.visible(nil, nil)","last_verified_at":"2026-05-28T23:48:53Z","as_of":"2026-06-19T21:00:47Z","confidence":"high"},"latest_fundraise_state":{"source":"Fundraise.visible(nil, nil).order(funding_started_at)","last_verified_at":"2026-05-28T23:48:53Z","as_of":"2026-06-19T21:00:47Z","confidence":"medium"}}},"company":{"id":148615,"entity_id":"wefunder:company:148615","slug":"litmotors","name":"Lit Motors Inc.","tagline":"Thrill of a Self-Balancing Electric 2 wheeled Car!","story":"People should not have to choose between the efficiency and freedom of two wheels and the comfort and protection of a car. That idea has always been at the heart of Lit Motors.Nexus is our answer: a self-balancing electric vehicle for 2 designed to rethink how people move through cities and daily life.What This Round FundsThis round is designed to fund Lit Motors' partnership with Ideenion and the build of the Nexus X-1 prototypes.The X-1 is intended to be Lit Motors' first live customer validation prototype. It moves the Nexus from something people imagine to something they can actually experience.What Changed NowThe biggest technical blocker has been the Balance Control System and gyroscopic control architecture that make a self-balancing vehicle like Nexus possible. That system is now finalized after a full controls-system overhaul and the development of a production-ready gyroscopic control architecture.This is the breakthrough that the first Wefunder helped fund. Earlier prototypes helped answer engineering questions, but they were still R\u0026amp;D vehicles and much too heavy.This next phase is different.Freezing the control system means that we now move toward an X-1 prototype intended to deliver a live customer validation experience and 50% lighter than the previous prototypes, meeting weight targets required for a realistic, production-oriented vehicle.The first Wefunder helped fund key engineering progress. This Wefunder is about turning that progress into real-world proof.The Technology AdvantageAt the core of Lit Motors is a proprietary gyroscopic stability system, powered by Control Moment Gyroscopes, designed to make a self-balancing enclosed two-wheeled vehicle possible in the real world.In vehicle terms, that translates to:Reliable balance and stabilizationEnhanced control during evasive maneuversFundamentally new approach to two-wheeled safetyThe system has been refined through multiple prototype cycles, supported by simulation and engineering iteration, and protected by a strong patent moat around the platform.From Prototype To Live ExperienceThe goal of the X-1 phase is not just to show the vehicle. It is to let people experience it.This next stage is about moving beyond static proof and toward live reaction, test drives, direct feedback, and stronger evidence that the vehicle connects with real people in the real world.What X-1 UnlocksThe X-1 is more than a prototype milestone. It is the bridge into design freeze, validation, and production-oriented development.X-1 is intended to:Validate real-world performance through roadshows and guided test drivesGenerate customer feedback, excitement, and stronger preorder momentumAnchor pricing and projected demand through live drive experiencesDemonstrate growing technical credibility to future investors, OEMs, and strategic partnersIf this phase succeeds, it should help unlock:Series A financingDeeper supply-chain and vendor engagementProduction BOM projectionsTooling and supply-chain strategyThe next class of beta prototypes aimed at design freezeProgress toward safety, homologation, weight, and basic DFM targetsIf X-1 succeeds, it would allow Lit Motors to move into the next stage of real vehicle development, with the supply-chain, validation, and production discipline expected of an actual car company.Why The Timing For X-1 Is Right NowX-1 is not just the right milestone in theory. The timing for it is right now.Lit Motors is now in position to move forward with Ideenion, a world-class prototype vehicle builder, because the company has shown that the core technology works and the open-ended R\u0026amp;D phase is no longer where the story is stuck.The Balance Control System and gyroscopic control architecture are now finalized, and that gives the partnership a clear technical foundation to build from.Ideenion is ready to work with Lit Motors now that the technical path is clearer and the program is ready to move into execution.The partnership matters because execution timing is not only about having the technology in place. It is also about having the right build partner ready to deliver the next phase on time.That is what makes the timing for X-1 right now.How Earlier Prototypes De-Risked the X-1What gives Lit Motors more confidence now is not optimism. It is what the company has learned through multiple prototype cycles.Those earlier prototypes were not dead ends. They helped answer hard engineering questions, exposed real constraints, clarified what a viable path forward would require, and eliminated weaker paths forward. That is part of how deep-tech vehicle programs get de-risked over time.That accumulated learning matters now.It means the team is not approaching X-1 as a first attempt. It is moving into this phase with a better understanding of the balance challenge, the vehicle architecture, the tradeoffs, and the technical decisions needed to build a credible validation vehicle.Execution risk still exists. But engineering confidence is higher, the next step is more informed, and the path into X-1 is far more grounded than before.The Road Here Wasn't LinearWe want to be candid about something important: Lit Motors did not move forward in a straight line.Part of that is the nature of the problem. We are building deep tech. Nexus depends on solving a technical challenge that most vehicle companies never attempt: making a fully enclosed two-wheeled EV balance safely and reliably in the real world. That takes real engineering, real iteration, and real time.But not all of the delay was technical. Founder Danny Kim went through a serious accident that interrupted progress at a critical point. That is part of this story too.Investors deserve the truth: this was not one smooth decade of development. It was a difficult path shaped by both deep technology and real life.What matters now is that the engineering progress is real, the lessons from earlier prototype cycles are real, and those disruptions are behind us.The Foundation Is RealWe are not starting from scratch. Over the years, Lit Motors has built multiple prototype generations, a strong patent moat around the core platform, and the technical foundation that makes Nexus more than an idea.That matters because it shows the depth of innovation behind the platform, strengthens the company's moat, and has built strategic value over time.The point of this campaign is not to ask people to believe in a sketch. It is to help move a real vehicle platform, with real technical assets behind it, into its next proof point.Proving PointsMultiple prototype generations: EP1, EP2, EP3Deep self-balancing vehicle R\u0026amp;D70+ international patents, 15 US patents, and 135+ patent applicationsA clearer technical path than ever beforeThe Fundraise: Why This Moment MattersThis campaign represents a major inflection point for Lit Motors:From vision to validationFrom breakthrough technology to scalable productFrom long-term R\u0026amp;D to market entryThis round is about funding the next 18 months of execution: X-1 product development, market validation, and the work needed to move from breakthrough technology toward a more scalable product path.If Lit Motors executes this next phase well, the path forward is not just technical validation. It is the beginning of a more structured progression toward design freeze, production readiness, and the larger financing stages required to scale.With EV adoption now mainstream, the timing is finally aligned. As cities grow more crowded and commuters demand safer, smarter personal mobility, Lit Motors is positioned at the intersection of cars, motorcycles, and autonomous vehicles in a market opportunity the current campaign frames at $1.2T-$7T between 2026 and 2035.*Projections not guaranteed.Invest $20,000+ And Be First To Experience X-1Anyone who invests $20,000+ on Wefunder will receive priority access to the first X-1 validation drives.More than that, Lit Motors plans to bring the X-1 directly to these investors as part of the earliest wave of private early-access test drives in the validation program.That means you would not just be backing the next chapter. You could be among the first people to experience it firsthand.This is not only an investor perk. It is part of how Lit Motors intends to generate real-world excitement, direct feedback, and stronger proof of demand as the company moves into the next phase.Additional Resources🔥 Lit Motors Investor Pitch Deck🔥 Lit Motors Patent Portfolio (Google Patents)🔥 Harvard Business Case Study🔥 White Paper: Influence of Vehicle Specifications on CO₂ Emissions","location":"San Francisco, CA","website":"https://www.litmotors.com","total_amount_raised":1432943,"total_investors":964,"is_funded":true,"is_active":true,"quality_score":5,"related_urls":["https://wefunder.com/litmotors","https://www.litmotors.com"]},"media":{"share_image_url":"https://uploads.wefunder.com/uploads/company/custom_card_photo/148615/xxl_Lit_Motors_explore_card_photo_1710975565357.jpg","logo_url":"https://uploads.wefunder.com/uploads/company/logo/148615/large_blob.png","header_media_url":"https://uploads.wefunder.com/uploads/company/header_media_photo/148615/standard_avatar.jpg","cover_photo_url":"https://uploads.wefunder.com/uploads/company/custom_card_photo/148615/large_Lit_Motors_explore_card_photo_1710975565357.jpg","pitch_deck_url":"https://wefunder.com/rails/active_storage/blobs/redirect/eyJfcmFpbHMiOnsiZGF0YSI6MTQzMDgwMywicHVyIjoiYmxvYl9pZCJ9fQ==--829308a6249f9e31ecab284a6a7c97e21da0027c/Lit%20Motors%20-%20Winter%202026%20Deck%20Wefunder.pdf","pitch_deck_filename":"Lit Motors - Winter 2026 Deck Wefunder.pdf"},"links":{"company_url":"https://www.litmotors.com","twitter_url":"https://x.com/LitMotors","instagram_url":"https://instagram.com/litmotors/","youtube_url":"https://youtube.com/@danoflit"},"highlights":[{"id":62736,"name":"notable_angel","url":"notableangel","presentable_name":"Notable Angel","description":"Raised $25k or more from a notable angel investor","image_url":"https://uploads.wefunder.com/2021/profile-highlights-check.svg"}],"quick_facts":[{"index":1,"claim_id":"claim-fact-1","value":"Balance Control System finalized, clearing the way for the next prototype phase"},{"index":2,"claim_id":"claim-fact-2","value":"Partnership with Ideenion to build the X-1 prototypes"},{"index":3,"claim_id":"claim-fact-3","value":"The X-1 is a test drive / qualitative pricing clinic, providing hard data for demand validation"},{"index":4,"claim_id":"claim-fact-4","value":"This round moves Lit Motors from engineering R\u0026amp;D to real-world market proof"},{"index":5,"claim_id":"claim-fact-5","value":"1,500+ pre-orders and +61% preorder growth"},{"index":6,"claim_id":"claim-fact-6","value":"1,000+ investors joined Lit Motors' first Wefunder"},{"index":7,"claim_id":"claim-fact-7","value":"Engineering leadership includes talent from Audi and Honeywell"},{"index":8,"claim_id":"claim-fact-8","value":"Renewed Patent Portfolio till 2046 with 16 US \u0026amp; Int'l 71 issuances, 136 applications."}],"team":[{"id":4053039,"entity_id":"wefunder:company_role:4053039","user_entity_id":"wefunder:user:129","role":"founder","name":"Danny Kim","title":"CEO, CTO, and Founder","bio":"20+ years of vehicle architecture \u0026amp; prototype development. Inventor w/ 23 patents, Focus of HBS case study: Industrial design \u0026amp; sustainable transportation. Land Rover mechanic, machinist, welder, and integrator. Reed College, Cal, RISD, \u0026amp; MIT Media Lab.","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/4053039/square_avatar.jpg?1777149293","profile_url":"https://wefunder.com/dannykkim","linkedin_url":"https://linkedin.com/in/dannykkim/","related_urls":["https://wefunder.com/dannykkim"]},{"id":4133454,"entity_id":"wefunder:company_role:4133454","role":"employee","name":"Volker Kaese","title":"Key Advisor/Board Member","bio":"20+ yrs executive at VW Group. Led 2004 CO2 audit for cradle to grave analysis at VW. Prolific materials engineer w/patents. Head of Volkswagen XL1 and VW/Audi Innovation Management. Lead team for research and concept development for the Audi E-tron line.","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/4133454/square_blob.jpg?1770144884","related_urls":[]},{"id":4133378,"entity_id":"wefunder:company_role:4133378","user_entity_id":"wefunder:user:4216276","role":"employee","name":"Stefan Schaeper","title":"VP Chassis \u0026 Integration","bio":"22+ years at Audi. Product analyst, quality assurance, chassis engineer, dimension concept team leader and responsible project manager and development manager for the 2018 e-tron GT concept from Audi show cars and concept vehicles.","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/4133378/square_blob.jpg?1770144884","profile_url":"https://wefunder.com/stefan.schaeper","related_urls":["https://wefunder.com/stefan.schaeper"]},{"id":6633534,"entity_id":"wefunder:company_role:6633534","user_entity_id":"wefunder:user:5066770","role":"employee","name":"Jeannie Yang","title":"Strategy \u0026 Operations","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/6633534/square_avatar.jpg?1777149293","profile_url":"https://wefunder.com/jeannie.yang.1","related_urls":["https://wefunder.com/jeannie.yang.1"]},{"id":6537531,"entity_id":"wefunder:company_role:6537531","role":"employee","name":"Mason Peck","title":"Key Controls Advisor","bio":"Former CTO at NASA​ ​Professor at Cornell University ​","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/6537531/square_blob.jpg?1776121244","related_urls":[]},{"id":5343713,"entity_id":"wefunder:company_role:5343713","role":"employee","name":"Mirko Konta","title":"Key Automotive Advisor","bio":"Founder / CEO IDEENION 30+ years experience in professional automotive development","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/5343713/square_blob.jpg?1776121244","related_urls":[]},{"id":5166231,"entity_id":"wefunder:company_role:5166231","role":"employee","name":"Natalia Amijo","title":"Creative Director of Product Design","bio":"13+ years of professional experience creating groundbreaking products \u0026amp; designs, blending technology, ingenuity, and elegance. Has worked for Renault, Ford, and formerly at HTC Creative Labs as the Industrial Design Creative Director.","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/5166231/square_blob.jpg?1776121244","related_urls":[]},{"id":6537529,"entity_id":"wefunder:company_role:6537529","role":"employee","name":"Daniel Smith","title":"Aerodynamics Advisor","bio":"Head of Aerodynamics at Red Bull Advanced Technologies with 23+ years experience as a designer \u0026amp; leader spanning Formula 1, Americas Cup, MotoGP, WEC and the ground-breaking RB17 Track Car.","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/6537529/square_blob.jpg?1776121244","related_urls":[]},{"id":5418067,"entity_id":"wefunder:company_role:5418067","role":"employee","name":"Po Chi Wu ","title":"Key Advisor","bio":"PhD in Molecular Biology at Princeton University. Po Chi is an international venture capitalist and entrepreneur based in Silicon Valley and in greater China with more than 30 years experience.","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/5418067/square_blob.jpg?1776121244","related_urls":[]},{"id":6537504,"entity_id":"wefunder:company_role:6537504","role":"employee","name":"James Martin","title":"Strategic Advisor","bio":"30+ years of experience \u0026amp; expertise in licensing models, patent portfolio planning, strategic partnerships, and deal structuring in technology, engineering, and IP strategy. James helps organizations unlock the value of their innovations.","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/6537504/square_blob.jpg?1776121244","related_urls":[]},{"id":6537521,"entity_id":"wefunder:company_role:6537521","role":"employee","name":"Bill Webb","title":"VP Industrial Product Design","bio":"Partner at Huge Design​​​​​​​ 12+ years experience","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/6537521/square_blob.jpg?1776121244","related_urls":[]},{"id":4233110,"entity_id":"wefunder:company_role:4233110","role":"employee","name":"Tre Hendricks","title":"Head of Government Affairs","bio":"20+ years as attorney and state/federal government affairs leader in the technology and telecommunications ecosystems.","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/4233110/square_blob.jpg?1776121244","related_urls":[]},{"id":5576369,"entity_id":"wefunder:company_role:5576369","user_entity_id":"wefunder:user:4584293","role":"employee","name":"Larry Rosenfeld","title":"Investment Banker","bio":"Managing partner at SF Growth Capital. Expertise in investment strategies, global expansion, go-to-market plans, growth strategies, and product marketing.","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/5576369/square_blob.jpg?1776121244","profile_url":"https://wefunder.com/larry.rosenfeld","related_urls":["https://wefunder.com/larry.rosenfeld"]},{"id":4141407,"entity_id":"wefunder:company_role:4141407","role":"employee","name":"Monette Stephens","title":"Investment Banker","bio":"Managing partner at SF Growth Capital. Expertise in investment strategies, global expansion, go-to-market plans, growth strategies, and product marketing.","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/4141407/square_blob.jpg?1776121244","related_urls":[]}],"featured_investors":[{"id":12962,"entity_id":"wefunder:company_investor_profile:12962","investor_profile_id":2327023,"investor_profile_entity_id":"wefunder:investor_profile:2327023","subject_entity_id":"wefunder:user:2859835","name":"Mitchell  Tracy ","role_title":"","bio":"R\u0026amp;D professional with 35+ years experience in start-ups with extensive product development, IP and regulatory experience. Founder/co-founder of multiple firms. Consultant, advisor and investor in many others.","avatar_url":"https://uploads.wefunder.com/2021/user_default_icon_circle.png","profile_url":"https://wefunder.com/mitchelltracy","endorsement_quote":"First, this is just a cool and innovative EV/AV vehicle concept all around with a major safety mission. There is nothing like this and I love unique ideas that can interest major multinationals. This is 2-wheel tear-drop shaped with gyroscopic stabilization technology makes it far safer than any small vehicle on the road. Second, demand. The demand for single passenger rides dominates US transportation with 290M vehicles and over 70% of people driving alone. Lit Motors only needs only 10,000 unit sales to be a $3.2B company. Third, as a 40 year R\u0026amp;D professional I believe Lit Motors strong IP and patent portfolio represents a substantive value as a current investment and as a partnership/takeover target in the near future.","endorsement_name":"","investment_total":15000,"investment_info":"Invested $10,000 this round \u0026 $5,000 previously","is_lead_investor":true,"related_urls":["https://wefunder.com/mitchelltracy"]},{"id":8747,"entity_id":"wefunder:company_investor_profile:8747","investor_profile_id":3823775,"investor_profile_entity_id":"wefunder:investor_profile:3823775","subject_entity_id":"wefunder:notable_investor:12215","name":"Isaac Datika","role_title":"","bio":"Tech investor, patent holder, works in healthcare.","avatar_url":"https://wefunder.com/rails/active_storage/blobs/redirect/eyJfcmFpbHMiOnsiZGF0YSI6MTAxNzU4LCJwdXIiOiJibG9iX2lkIn19--2abdd426ff1f4bd1b8b65fff006d9d987f565fda/filename","profile_url":"https://wefunder.com/isaac.datika.2","endorsement_quote":"I became utterly captivated by Lit Motors more than a decade ago, the moment I laid eyes on the unveiling of the C-1 concept. The sheer innovation and capabilities it promised left me thoroughly astounded, compelling me immediately to place a reservation. Fast forward to today, and my admiration for what Lit Motors is striving to achieve has only grown stronger. The company now boasts an exceptional team, one I've taken the time to learn about in detail (rest assured, my due diligence has been thorough), and they stand on the cusp of transforming this breathtaking concept into a tangible reality. My belief in Danny's vision is unwavering. His dedication and commitment to making this dream a reality resonate deeply with me; it's clear that he has made it his life's mission to succeed. What truly sets Lit Motors apart is the groundbreaking gyroscopic technology at the heart of the C-1 concept. This pioneering approach is a first in the field, holding the promise of numerous future applications that extend well beyond our current imaginations. Furthermore, the company is shielded by a robust forcefield of patents that secure its innovative ideas for the next two decades, ensuring that this vision is safeguarded from potential imitators. In a time where the electric vehicle (EV) industry faces a myriad of challenges, from technological hurdles to market acceptance, Lit Motors stands poised to make a significant impact. I am confident that with the team's expertise, passion, and the innovative spirit that pervades their work, Lit Motors has everything it needs to propel forward. They are not merely introducing another EV to the market; they are ushering in a new era of sustainable, cost-effective transportation that defies traditional limitations and expectations. The potential of what Lit Motors is bringing to the forefront of transportation technology is not just innovative—it's revolutionary. And it is this potential that makes me a proud investor and a true believer in Danny's mission. In an era ripe for change, Lit Motors is poised to lead the charge, rewriting the rules of what we thought possible and opening up a whole new market that promises sustainability, efficiency, and a touch of the extraordinary.","endorsement_name":"","is_lead_investor":false,"memo_paid_for_by_company":false,"related_urls":["https://wefunder.com/isaac.datika.2"]}],"investor_memos":[],"tab_counts":{"posts":0,"ask_questions":93,"featured_investors":2,"faq_entries":5},"active_fundraises":[{"id":104287,"entity_id":"wefunder:fundraise:104287","state":"successful","offering_type":"4(a)(6)","funding_type":"note","structure":"ttw","security_type":"","currency":"USD","testing_the_waters":true,"min_purchase":100,"max_purchase":9,"funding_target":5000000.0,"minimum_target":"300000.0","maximum_target":"5000000.0"},{"id":154717,"entity_id":"wefunder:fundraise:154717","state":"successful","offering_type":"4(a)(6)","funding_type":"note","structure":"ttw","security_type":"","currency":"USD","testing_the_waters":true,"min_purchase":1000,"max_purchase":9,"funding_target":4749132.0,"minimum_target":"150000.0","maximum_target":"4749132.0"},{"id":154716,"entity_id":"wefunder:fundraise:154716","state":"successful","offering_type":"4(a)(6)","funding_type":"note","structure":"safe","security_type":"equity","currency":"USD","testing_the_waters":false,"min_purchase":100,"max_purchase":9,"funding_target":4749132.0,"minimum_target":"150000.0","maximum_target":"4749132.0","funding_started_at":"2026-02-11T01:40:11Z","funding_closed_at":"2026-05-01T03:59:59Z","auto_close_at":"2026-05-01T03:59:59Z"},{"id":104286,"entity_id":"wefunder:fundraise:104286","state":"successful","offering_type":"4(a)(6)","funding_type":"note","structure":"safe","security_type":"equity","currency":"USD","testing_the_waters":false,"min_purchase":100,"max_purchase":9,"funding_target":300000.0,"minimum_target":"300000.0","maximum_target":"5000000.0","funding_started_at":"2024-05-10T19:27:58Z","funding_closed_at":"2025-04-26T04:00:40Z","auto_close_at":"2025-04-26T03:59:59Z"}],"latest_fundraise":{"id":104287,"entity_id":"wefunder:fundraise:104287","state":"successful","offering_type":"4(a)(6)","structure":"ttw","testing_the_waters":true,"can_invest_now":false,"funding_started_at":null,"funding_closed_at":null,"terms":{"eb":"$90M","nb":"$110M","txt":"valuation cap"}},"recent_posts":[],"q_and_a":[{"id":276878,"entity_id":"wefunder:comment:276878","question":"How much money have you raised so far from investors? and how much was invested in the company? Do you have any debt? How do you justify the $90 mil valuation with no profit up to date?","author_name":"Grigore B. Hreniuc","votes":11,"created_at":"2024-02-21T21:19:07Z","canonical_url":"https://wefunder.com/litmotors#question-276878","answers":[{"id":277456,"entity_id":"wefunder:comment:277456","answer":"Up until Wefunder this 2024 we have raised $8.2MM in Convertible notes and SAFE. Some these investments are \"debit\". Like many early-stage startups, Lit Motors is offering investments under a SAFE (Simple Agreement for Future Equity) this is not Convertible Promissory Note (debit). Think of it like a promise: we are promising that your investment will convert to Preferred shares in our first major equity funding round (Series A). When that happens, your SAFE will convert into shares at a predetermined valuation cap. Re: Valuations here's how we think of it: say that you invest $100 at a $90M valuation cap with a 10% discount (effectively an $81M valuation cap). If we then fundraise at, for example, a $162M valuation in the future, your SAFE will convert as if Lit Motors was worth $81M. Since the valuation has doubled (200% or 2x), this means you get twice as many shares as new investors, and therefore, your $100 investment would be worth $200. After that event, you'll own shares, so your investment will increase in value as the company grows/reduces risk/goes into production and becomes more valuable. My intention is to democratize this early stage funding round to give retail investors an opportunity to get in early on this once-in-a-lifetime technology. I also wanted to address your question about our valuation. Our pre-orders (deferred revenue) jumped by 52-53% since June this year. We are offering a $90,000,000 valuation-capped SAFE, but we are anticipating $48,000,000 in revenue at POS based on the data we have from our pre-orders. This could put Lit at a hypothetical $480,000,000+ valuation solely based on potential revenue with an EV/R of 10x. Other factors that contribute to the valuation are our portfolio of 130+ patents, employee contracts, and future revenue growth based on patent royalties in different verticals in the EV industry (autonomous, taxi, delivery, B2B fleets, military, etc.), which is expected to grow to $6T ($6,000,000,000,000) in 2030. This could put Lit at a \u0026gt;$1,000,000,000 (greater than $1 billion!) valuation, but we are offering a discount for the common investor to get in early and serve the purpose of Equity crowdfunding. You could argue that the return on a Lit Motors investment in 3-4 years is in the ballpark of 8x (800%) to 16x (~1,670%). For comparison and precedent, just look at Tesla's stock prices and market cap (valuation) from their IPO in 2010 to now (2024) to get a sense of our potential growth: finance.yahoo.com/quote/TSLA. While I can't say how much your $100 will be worth in five years, suffice to say, our expert team believes in this vision of the future of transportation and WE HAVE REDUCED A LOT OF RISK over the years and the market has caught up to us. I hope this thought process helps. We can’t guarantee these results, but we are in it to win it and now is the time to invest. Your support is very much appreciated - Thank you!","author_name":"Danny Kim","votes":5,"created_at":"2024-02-27T15:16:54Z"}]},{"id":306704,"entity_id":"wefunder:comment:306704","question":"\"Earn Perks When You Invest $1,000+ Preorder qualification with Lit Motors T-shirt \u0026amp; Official Reservation Certificate\" I have not received my Medium size Lit Motors T-shirt and Official Reservation Certificate as of yet.","author_name":"George Simons","votes":5,"created_at":"2025-04-23T17:53:58Z","canonical_url":"https://wefunder.com/litmotors#question-306704","answers":[{"id":306792,"entity_id":"wefunder:comment:306792","answer":"Hi George, we're working on getting your Investor Perk fulfilled and will send you a confirmation email once it's shipped. Thank you again for your support!","author_name":"Nathanael Moss","votes":0,"created_at":"2025-04-24T17:08:37Z"}]},{"id":298177,"entity_id":"wefunder:comment:298177","question":"Love the energy and thought process behind this AEV! Given the revolutionary nature of your self-balancing CMGs and the unique product you’re developing, how do you plan to address production, regulatory, and scalability challenges associated with scaling, particularly in mature, competitive markets like the U.S., Europe, and Asia? What steps are you taking to secure strategic partnerships, or regulatory clearances, to bring your vehicle to market faster, make them charge quicker than 5-6 hours and make them cost effective?","author_name":"Shreya Singh","votes":5,"created_at":"2024-12-16T20:30:49Z","canonical_url":"https://wefunder.com/litmotors#question-298177","answers":[{"id":298480,"entity_id":"wefunder:comment:298480","answer":"1. **Production Plan:** Lit Motors intends to start with a small-scale production run of 5,000 units in Portland. Working with our manufacturing development partner IDEENION. This partnership and small scale production will allow us to optimize our processes and gain valuable knowledge before scaling up to a larger production capacity of 10-50,000 units per year with a contract manufacture. and then onto 125,000 units per year. 2. **Regulatory Compliance:** We understand that motorcycle and autocycle regulations can vary across the US, and we want to simplify the driving experience for our customers. Therefore, we are pursuing FMVSS vehicle admission, which will allow individuals with a standard passenger car driving permit to operate our AEV without needing to navigate complex and varying regulations. 3. **Scaling and Offshore Markets:** Our manufacturing concept is designed to be adaptable to different regions. We plan to partner with experienced local automotive manufacturers to produce and maintain our AEVs in various markets. These regional partners will establish local, efficient, and resilient supply chains. 4. **Charging Time:** While a conventional 120V household charger might take around 6 hours to fully charge the AEV's 13 kWh battery, it's important to note that most charging occurs at higher C rates (2 or 3), which can significantly reduce charging time to approximately 3 hours. Furthermore, Lit Motors is actively exploring solid-state battery technology, which offers the potential for even faster charging times with C rates up to 6.","author_name":"Danny Kim","votes":2,"created_at":"2024-12-20T00:24:38Z"}]},{"id":291794,"entity_id":"wefunder:comment:291794","question":"Hi, I'm wandering how the ventilation in the AEV is managed. Airco, window's toproof etc. Could you provide me some information so I can deside to invest in LIT Motors With best regards, Martin Lemian","author_name":"Martin Lemain","votes":5,"created_at":"2024-09-06T12:19:38Z","canonical_url":"https://wefunder.com/litmotors#question-291794","answers":[{"id":291847,"entity_id":"wefunder:comment:291847","answer":"Great question Martin! Enjoying a well designed interior and ride demands comfort as a paramount. Maintaining a warm interior in snowy mountains and cool in arid deserts requires an appropriately sized HVAC modules in all models. Since the AEV interior volume is only 5-7 cubic ft we believe we can achieve this at scale.","author_name":"Danny Kim","votes":0,"created_at":"2024-09-07T02:00:22Z"}]},{"id":301398,"entity_id":"wefunder:comment:301398","question":"I am 6 foot 3 inches tall. Will I have enough leg room to fit comfortably in the driver seat?What is the turning radius of the AEV? And last, Will you concider a Hybrid for those of us that would like to tour or drive more miles between charges?","author_name":"Marty Fisher","votes":4,"created_at":"2025-02-02T14:28:15Z","canonical_url":"https://wefunder.com/litmotors#question-301398","answers":[{"id":302331,"entity_id":"wefunder:comment:302331","answer":"Yes. All genders from 4'11\" to 6'3\"","author_name":"Danny Kim","votes":2,"created_at":"2025-02-15T23:52:24Z"}]},{"id":292722,"entity_id":"wefunder:comment:292722","question":"I am a student from India. I really want to contribute. But having problem with wefunder. Please help. Is there any other way, by which I can be part of this huge deal. Please help.","author_name":"Ashish CHACKO","votes":4,"created_at":"2024-09-21T02:04:53Z","canonical_url":"https://wefunder.com/litmotors#question-292722","answers":[{"id":293056,"entity_id":"wefunder:comment:293056","answer":"Hi Ashish, thanks for reaching out. I would recommend checking out https://help.wefunder.com/154992-linked/international-investor-guide and emailing support@wefunder.com if you have any problems with the site. Thank you for your support!","author_name":"Nathanael Moss","votes":1,"created_at":"2024-09-25T21:10:13Z"}]},{"id":292328,"entity_id":"wefunder:comment:292328","question":"Tip: make the steering look futuristic. Great work BTW","author_name":"Ashish CHACKO","votes":4,"created_at":"2024-09-16T02:39:29Z","canonical_url":"https://wefunder.com/litmotors#question-292328","answers":[{"id":292477,"entity_id":"wefunder:comment:292477","answer":"Thank you for your support!","author_name":"Nathanael Moss","votes":1,"created_at":"2024-09-17T16:50:49Z"}]},{"id":285146,"entity_id":"wefunder:comment:285146","question":"If I get on the preorder list, how long before delivery? How many are you able to make in a month?","author_name":"John M Kramp","votes":4,"created_at":"2024-06-13T11:21:52Z","canonical_url":"https://wefunder.com/litmotors#question-285146","answers":[{"id":285769,"entity_id":"wefunder:comment:285769","answer":"Thanks for your time. This is all dependent on when $5-11M money hits Lit's bank account for the beta development. We had a great start on Wefunder so far. Happy to get your support. There are more answers/details on our campaign page.","author_name":"Danny Kim","votes":1,"created_at":"2024-06-25T19:39:03Z"}]},{"id":284979,"entity_id":"wefunder:comment:284979","question":"If I invest and want to get on the preorder list, how long would it be before delivery?","author_name":"John M Kramp","votes":4,"created_at":"2024-06-10T02:35:45Z","canonical_url":"https://wefunder.com/litmotors#question-284979","answers":[{"id":285770,"entity_id":"wefunder:comment:285770","answer":"Answered above.","author_name":"Danny Kim","votes":0,"created_at":"2024-06-25T19:40:00Z"}]},{"id":284558,"entity_id":"wefunder:comment:284558","question":"Does this mode of transportation have AC cooling and heating for occupant comfort?","author_name":"Bruce F Muller","votes":4,"created_at":"2024-06-02T22:29:46Z","canonical_url":"https://wefunder.com/litmotors#question-284558","answers":[{"id":284639,"entity_id":"wefunder:comment:284639","answer":"Yes. AC would be an option!","author_name":"Danny Kim","votes":1,"created_at":"2024-06-03T22:52:10Z"}]},{"id":284429,"entity_id":"wefunder:comment:284429","question":"I live in the Phoenix AZ metro area where temps can climb as high a 121 degrees. Although, short lived (few days) at that temp we have over 100 days of 100+ degree temps. Does this vehicle have Air Conditioning? If not, what is the ideal operation temps for driver / passenger comfort. Is there any heating system? If AC and heat are add-on systems what would be the mileage range degradation? No AC and No Heat would severely limit market penetration.","author_name":"Bruce F Muller","votes":4,"created_at":"2024-05-31T22:25:08Z","canonical_url":"https://wefunder.com/litmotors#question-284429","answers":[{"id":284642,"entity_id":"wefunder:comment:284642","answer":"AC would be an option. Eventually, we will launch in AZ and other part of the US.","author_name":"Danny Kim","votes":1,"created_at":"2024-06-03T22:54:33Z"}]},{"id":284115,"entity_id":"wefunder:comment:284115","question":"Hi Danny This looks like an exciting project. I saw an image on this information saying that Larry Page was backing your company and that Apple might be interested in it. Can you please shed any light on these statements? Many thanks","author_name":"Colin Muhammad","votes":4,"created_at":"2024-05-24T06:15:07Z","canonical_url":"https://wefunder.com/litmotors#question-284115","answers":[{"id":284625,"entity_id":"wefunder:comment:284625","answer":"We can't comment on these topics, but we have had consistent interest and extended conversations with other automotive and technology companies from 2013 to 2024. I believe having a higher performing driving prototype would be a positive step forward to increase Lit's perceived value in any future conversation.","author_name":"Danny Kim","votes":0,"created_at":"2024-06-03T20:57:51Z"}]},{"id":283618,"entity_id":"wefunder:comment:283618","question":"I was hoping this was a search vs post. I wanted to know what the licensing requirements would be for the USA if this EV was going to be sold in the USA.","author_name":"Joey Stanford","votes":4,"created_at":"2024-05-14T18:43:12Z","canonical_url":"https://wefunder.com/litmotors#question-283618","answers":[{"id":283830,"entity_id":"wefunder:comment:283830","answer":"Classified as an Autocycle in 48 states but with a high degree of EU NCAP homologation safety measures integrated with airbags, a safety cell, seat belts, and the CMGs.","author_name":"Danny Kim","votes":0,"created_at":"2024-05-18T07:05:39Z"}]},{"id":282651,"entity_id":"wefunder:comment:282651","question":"Are you considering in-wheel motors to avoid the less efficient chain drive?","author_name":"Josh S","votes":4,"created_at":"2024-04-29T20:36:26Z","canonical_url":"https://wefunder.com/litmotors#question-282651","answers":[{"id":282892,"entity_id":"wefunder:comment:282892","answer":"Josh, we have considered an in-wheel hub motor at the start, there are many advantages to it on a smaller scale. It is difficult decision, to met spec for the continuous power we require to accelerate at sustained highway speeds, maintain a good unsprung weight for ride quality, with a reliable proven motor solution.","author_name":"Danny Kim","votes":1,"created_at":"2024-05-02T17:22:59Z"}]},{"id":277525,"entity_id":"wefunder:comment:277525","question":"Are you using Li-ion batteries? Am I right in thinking that most of the production cost is the battery? I have seen reports that say demand for lithium may out strip supply soon. Are you looking into, or developing better batteries?","author_name":"Raymond Nuenke","votes":4,"created_at":"2024-02-28T07:44:02Z","canonical_url":"https://wefunder.com/litmotors#question-277525","answers":[{"id":277580,"entity_id":"wefunder:comment:277580","answer":"Hi Raymond, what we have is intellectual property for a highly spatially/energy efficient vehicle platform much like the Selden automobile patent, which had a significant impact on future vehicle designs. In terms of batteries, we are agnostic to energy storage and propulsion technologies including Li-ion, Li-poly, fuel cell, ICE, and Hybrid. The most expensive parts are based on the economies of scale: battery, gyroscopes, chassis, suspension, augmented steering system. It used to be the battery pack, but we will have a much better idea after this development cycle with the crash provision. Our lightweight vehicle platform optimizes the battery’s lifespan by only requiring 1/6 to 1/8th of the lithium or materials for an operational EV. From Lit’s perspective, battery tech has become a commodity, and range anxiety is a problem that only plagues 4000-7000lb 4-wheeled EVs. Let us know if there’s any other questions we can answer for you!","author_name":"Kristina Chung","votes":2,"created_at":"2024-02-28T23:16:05Z"}]},{"id":277497,"entity_id":"wefunder:comment:277497","question":"Why did you not phoenix the company after failing 10 years ago? How much equity went to those first investors from 2013/14?","author_name":"Martin Stolze","votes":4,"created_at":"2024-02-27T20:59:24Z","canonical_url":"https://wefunder.com/litmotors#question-277497","answers":[{"id":277819,"entity_id":"wefunder:comment:277819","answer":"Thanks for you comment Martin. We weren't necessarily failing the company? In spring 2018, we filed our new core control patent which was the biggest hurdle to developing a real product. After I recovered from my accident in Dec 2018. We focused on a partnership with an OEM manufacturer from Oct 2019-May 2021. I am sorry I am not at liberty to answer how much equity the Mark, Yves, Kelly, Damon, Jungju, and LP would have, but we are at several multiples in valuation since then. Our cap table valuation is always \"stacking\" (positive).","author_name":"Danny Kim","votes":1,"created_at":"2024-03-02T21:31:27Z"}]},{"id":277088,"entity_id":"wefunder:comment:277088","question":"Do you have plans to lower the price of your vehicle? 32,000 seems a little steep for two wheels and no trunk","author_name":"Paddington Bear ","votes":4,"created_at":"2024-02-23T04:36:47Z","canonical_url":"https://wefunder.com/litmotors#question-277088","answers":[{"id":277453,"entity_id":"wefunder:comment:277453","answer":"Eventually, once we have stable revenue and economies of scale, but the daily advantages of this vehicle will be very obvious. Easy to fall in love with this one.","author_name":"Danny Kim","votes":1,"created_at":"2024-02-27T15:07:36Z"}]},{"id":275876,"entity_id":"wefunder:comment:275876","question":"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","author_name":"Christophe RIGAUD","votes":4,"created_at":"2024-02-09T07:16:32Z","canonical_url":"https://wefunder.com/litmotors#question-275876","answers":[{"id":276755,"entity_id":"wefunder:comment:276755","answer":"We would love to launch in France, Germany, and the UK. Happy Lunar New year of the Wooden dragon, indeed.","author_name":"Danny Kim","votes":0,"created_at":"2024-02-20T21:16:29Z"}]},{"id":274915,"entity_id":"wefunder:comment:274915","question":"What is the status of original reservation holders?","author_name":"Malcolm Crawford","votes":4,"created_at":"2024-01-28T17:51:17Z","canonical_url":"https://wefunder.com/litmotors#question-274915","answers":[{"id":275019,"entity_id":"wefunder:comment:275019","answer":"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.","author_name":"Kristina Chung","votes":1,"created_at":"2024-01-30T00:27:21Z"}]},{"id":325609,"entity_id":"wefunder:comment:325609","question":"Dear Daniel, I Own a BMW C1-200 motoscooter. I love it in a busy town like Amsterdam where I live close to. I do recognise a lot of the advantages you mention in the deck but I also see the differences like EV vs Petrol and Closed vs Open carroserie. As you will know the BMW was not a big succes; BMW sold about 12.000. Have you studied the drivers behind that low sales and why would you sell much more? What will you change in Philip Kotler's P's to sell so much more than BMW ? Regards, Peter","author_name":"Peter De Bruijne","votes":3,"created_at":"2026-02-18T17:31:19Z","canonical_url":"https://wefunder.com/litmotors#question-325609","answers":[{"id":325654,"entity_id":"wefunder:comment:325654","answer":"Good question, Pete! We've actually made a deep-dived into this. We can provide you our 2019-2022 \"Lit Comparative White Paper \" for a major German OEM? https://drive.google.com/file/d/1-_wlqUoCz4qlK3Z38jEkLyze0x3KYWNH/view?usp=drive_link The Nexus AEV wins on three fronts: 1. Car-Level Safety: You get a unibody chassis, seat belts, airbags, and the gyro-stabilized side-impact protection you just can't get on a bike. 2. All-Season Comfort: It’s a true 4-season vehicle with full enclosure—car convenience without the car footprint. 3. Hyper-Efficiency: Our aerodynamics are off the charts, hitting 14–15 miles/kWh. Beyond the tech, it’s about the look. Unlike a BMW C1, the Nexus just won a GOOD Design Award. It’s sexy, innovative, and distinctive—the kind of aesthetic we believe will move 100,000 of units because people want to look as smart as they feel driving it.","author_name":"Nathanael Moss","votes":1,"created_at":"2026-02-18T22:34:15Z"}]},{"id":325542,"entity_id":"wefunder:comment:325542","question":"What will be the range for Nexus?","author_name":"Frank Sole","votes":3,"created_at":"2026-02-18T01:41:34Z","canonical_url":"https://wefunder.com/litmotors#question-325542","answers":[{"id":325650,"entity_id":"wefunder:comment:325650","answer":"Hi Frank, great question! Range is about 170miles (273km) to 200miles (321km) Per Charge. This equates to about 14-15 miles/kWh (22-24km/kWh).","author_name":"Nathanael Moss","votes":1,"created_at":"2026-02-18T22:05:34Z"}]},{"id":325541,"entity_id":"wefunder:comment:325541","question":"How much will Nexus cost?","author_name":"Frank Sole","votes":3,"created_at":"2026-02-18T01:41:07Z","canonical_url":"https://wefunder.com/litmotors#question-325541","answers":[{"id":325651,"entity_id":"wefunder:comment:325651","answer":"$32,000","author_name":"Nathanael Moss","votes":1,"created_at":"2026-02-18T22:06:30Z"}]},{"id":325179,"entity_id":"wefunder:comment:325179","question":"I am struggling to decide if I should invest a larger sum in Lit Motors. After investing a small amount (just $1000) in April of 2025, I was to receive an investment perk of one t-shirt and a certificate of reservation to secure my spot in line to purchase the vehicle once it is available. 10 months later you still haven't been able to deliver on this simple investment perk. Why should I invest a larger sum when you are unable to execute on mailing a t-shirt?","author_name":"Clayton Lee","votes":3,"created_at":"2026-02-12T21:55:40Z","canonical_url":"https://wefunder.com/litmotors#question-325179","answers":[{"id":325217,"entity_id":"wefunder:comment:325217","answer":"Thanks Clayton, we have been contacting the remaining investors from the last round for T-shirt sizing over the last 5 months with 25+ remaining. Our fulfillment center just prepared about 120+ orders to ship, we can get you a fedex number if you email us at reserve@litmotors.com. Great question and thank you for your support!","author_name":"Danny Kim","votes":0,"created_at":"2026-02-13T00:55:37Z"},{"id":325523,"entity_id":"wefunder:comment:325523","answer":"Clayton, Your Perk was sent out Monday afternoon. Thanks for you support.","author_name":"Danny Kim","votes":0,"created_at":"2026-02-17T22:22:34Z"}]},{"id":324770,"entity_id":"wefunder:comment:324770","question":"What is the latest update on my investment? I have invested back in 2024, and I email your team the proof of purchase from wefunder but didn't get any response.","author_name":"Muhammad Bhatty","votes":3,"created_at":"2026-02-09T00:55:53Z","canonical_url":"https://wefunder.com/litmotors#question-324770","answers":[{"id":324772,"entity_id":"wefunder:comment:324772","answer":"Muhammad, Thanks for your support. We will ask the Wefunder team where you investment is? We see your email for $100 and have you in our database. Thanks!","author_name":"Danny Kim","votes":0,"created_at":"2026-02-09T02:10:57Z"},{"id":324773,"entity_id":"wefunder:comment:324773","answer":"Thanks for your support. Please check your email.","author_name":"Danny Kim","votes":0,"created_at":"2026-02-09T02:18:33Z"}]},{"id":322814,"entity_id":"wefunder:comment:322814","question":"Where is the profit on my investment?","author_name":"Muhammad Bhatty","votes":3,"created_at":"2026-01-10T23:51:10Z","canonical_url":"https://wefunder.com/litmotors#question-322814","answers":[{"id":323511,"entity_id":"wefunder:comment:323511","answer":"Muhammad, We don't have you as an investor on Wefunder or our comprehensive investor database. Please respond to reserve@litmotors.com with evidence of your pre-order number, reservation amount, and date made. Thank you for your inquiry.","author_name":"Danny Kim","votes":0,"created_at":"2026-01-22T19:12:44Z"}]}],"faq":[{"question":"What is the status of original reservation holders?","answer":"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."},{"question":"I have invested in previous rounds of this venture, it would be nice to know the status of the original reservation holders.","answer":"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!"},{"question":"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?","answer":"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..."},{"question":"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","answer":"We would love to launch in France, Germany, and the UK. Happy Lunar New year of the Wooden dragon, indeed."},{"question":"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 ...","answer":"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"}]}}}