Atlis Motors crosses $10 million from private investors ahead of its IPO

Written by Cláudio Afonso | | LinkedIn | Twitter

US electric truck maker Atlis Motors announced on Monday via Instagram that crossed the $10 million milestone. As of May 11, the company has raised a total of $10,206,463 from 5,925 investors.

“And just like that, we crossed the $10,000,000 mark thanks to our amazing investors!! We’re not done yet – last week we announced we’re extending the raise and going public later this year….join the ride while you still can.”

Last week, the company revealed plans to submit an S-1 format Form 1-A and Nasdaq Global Market application in anticipation of a public listing on the stock market. The ticker symbol “AMV” has been reserved by ATLIS on Nasdaq.

Recently, the company announced the signing of a collaborative agreement with a U.S. Military supplier to jointly design and produce new technology to convert military vehicles such as gasoline or diesel-powered High Mobility Multipurpose Wheeled Vehicles (HMMWVs) into electric vehicles. Under the agreement, the technology can be sold to third-party customers, including the United States and international allies.

Written by Cláudio Afonso | | LinkedIn | Twitter