The company has over 1300 preorders for the AEV, demonstrating a strong market demand. The projected revenue at point of sale is $41.6 million at a $32,000 MSRP.
Organizations Involved
Mark Pincus, Joe Gebbia, Yves Behar, Scott Belskey, Oliver Bruce, Kelly Slater
Founders
Danny Kim
Company Description
Lit Motors is revolutionizing transportation with its groundbreaking self-balancing 2-wheeled electric car. The company aims to bridge the gap between public transportation and full-size vehicles, offering a more agile, efficient, and sustainable mode of commuting. The AEV holds the same value proposition as a 4W EV while reducing circular economic waste, making it perfect for city dwellers, multi-car families, and all commuters seeking a new level of agility and sustainability in the vehicle market.
Market
Transportation
Location
San Francisco,
CA,
US
Coinvestors
Mark Pincus, Joe Gebbia, Yves Behar, Scott Belskey, Oliver Bruce, Kelly Slater