Disclosure: Our goal is to feature products and services that we think you will find interesting and useful. If you purchase them, the business owner can get a small share of the revenue from the sale from our business partners.
The future of cars isn’t just about replacing gas engines with batteries. If you look around, most people still drive gas-powered vehicles. Of the approximately 15.6 million new cars sold each year in the United States, only 1.2 million of these were electric vehicles (EVs) in 2023. Low-emission electric vehicles may be preferred, but until now there has been little else that pushed people to make the big change.
Enter the micro-electric vehicle market, the $470 billion market where cars are not only low-emission, but are carefully engineered to address unnecessary congestion caused by bulky vehicles in cities. Eli Electric Vehicles, a pioneer in the micro-EV space, now has a flagship vehicle that’s 70 percent smaller than a traditional sedan.
Here’s why this is more than likely the future of urban mobility and how investors can make the most of it.
The growing need for micro-electric vehicles.
Most people don’t realize how unsuitable traditional cars are for most urban travel. These trips are usually less than 10 miles, and city populations only increase, creating more traffic jams and perpetuating the climate crisis.
With its iconic Eli ZERO, Eli is poised to become a trendsetter in the United States after selling hundreds of vehicles in Italy, the Netherlands, Portugal, Estonia and French Polynesia. The company also supplied the Avis rental fleet in Bora Bora.
But to truly understand why electric micro-vehicles represent the future of urban transportation, it’s important to know what makes them such a unique mode of travel.
Because micro-EVs fall into their own category.
Make no mistake: micro-EVs aim to be cheaper than those cubic cars you sometimes find on the road, and they’re certainly more than street-legal golf carts. This is an absolutely unique class of vehicle designed for minimal size, maximum comfort, autonomy and mass adoption at a low price.
Eli ZERO was specially designed by an architect, Marcus Li (Eli, CEO), who noticed the huge inefficiencies in the design of the vehicles we talk about today. It highlights the potential of micro-EVs to improve our daily journeys by combining extreme practicality with contemporary style: this is why Eli ZERO won the iF DESIGN AWARD in 2021.
The combination of practicality and aesthetics in micro-electric vehicles makes a strong argument for the adoption of electric vehicles in the future as the urban population increases. Micro-electric vehicles will play a key role in this adoption.
They allow better use of urban space, reduced travel and parking times, reduced stress and noise and greater energy efficiency. The smaller size and batteries mean a reduction in lithium and energy requirements, as well as the need for fewer materials and components. Furthermore, small vehicles allow significant savings in daily travel and an overall improvement in the quality of life.
Important investment opportunity in micro-EVs.
This trend is at an inflection point and you have a limited time opportunity to join an industry pioneer through private investment.
The opportunity to invest in Eli couldn’t come at a better time: the dawn of micro-electric vehicles, a virtually untapped market, and Eli says it’s ready to meet the demand. Their new manufacturing facility can build more than 4,000 vehicles per assembly line per year, the company says. Now they are preparing to expand into the lucrative US market this year. If the rate of their sales in Europe says anything, demand in US cities may be even greater since it represents the largest total addressable market in the world.
With over $4 million raised from over 3,000 investors via equity crowdfunding, Eli says it has everything in place to succeed as a global leader in micro-electric vehicles. Learn more about how you can become an Eli shareholder today.
Disclosure: This is a paid advertisement for Eli Electric Vehicles’ regulatory CF offering. Please read the offering circular on invest.eli.world.