LM

Lit Motors

www.litmotors.com link_icon

Company Research Report: Lit Motors Inc.



Company Overview



  • Name: Lit Motors Inc.

  • Mission: Lit Motors is founded on the mission to reduce waste, emissions, and commute time, aiming to revolutionize the daily commute in an increasingly urbanized world.

  • Year Founded: Innovating since 2005.

  • Founder(s): No specific founder information is available.

  • Key People:

  • Daniel Kim: CEO, notable for his work in gyro-stabilized electric motorcycles and experiences shared in various high-profile interviews.

  • Headquarters: Portland and San Francisco, USA.

  • Number of Employees: No information is available.

  • Revenue: No information is available.

  • Company Highlights: Known for developing innovative, gyro-stabilized two-wheeled electric vehicles that combine the efficiency of a motorcycle with the safety and comfort of a car.


Products



  • Product Name: Lit Motors AEV (Autonomous-Balancing Electric Vehicle)

  • Description: The AEV is a futuristic two-wheeled vehicle that integrates self-balancing gyro-technology, combining elements from motorcycles and cars to enhance safety and efficiency without compromising on comfort and performance.

  • Key Features:

  • Gyro-Stabilized Technology: Allows the vehicle to maintain stability, enhancing safety even where typical motorcycles may fail.

  • Performance Metrics: Capable of reaching speeds over 100 mph, a tilting angle of up to 45 degrees, and a range of 170 miles per charge.

  • Design Attributes: The vehicle is designed with seatbelts, airbags, steel/aluminum chassis, a compact form, and can seat two adults.

  • Efficiency Stats: 6-8 times more energy efficient compared to standard electric vehicles; significantly reduces commute time by up to 30%.

  • Environmental Impact: 1/4 the weight, 1/6 the battery size, and 1/10 the parts count compared to average mid-sized electric vehicles, promoting sustainability.

  • Previous Product:

  • Name: Kubo Cargo Scooter

  • Description: An electric cargo scooter designed for urban deliveries, noted for its unique design and efficiency.


Recent Developments



  • Funding: Lit Motors has launched an equity crowdfunding campaign on WeFunder, successfully raising over $1.1 million.

  • Partnerships: There have been significant discussions reportedly with Apple regarding collaboration on electric vehicle developments.

  • Product Development: Continuous progress in perfecting the design and engineering of their gyro-stability system.

  • Technology Improvements: Introduction of the Gen2 Balance System improving control and comfort akin to a car while maintaining motorcycle-like agility.

  • Media Features and Mentions:

  • Featured in publications such as Forbes, New York Times, BBC, Wired, and TechCrunch highlighting the potential and unique approach of Lit Motors' technology.

  • Interviews and discussions with CEO Daniel Kim have shed light on both personal experiences and the broader vision for the company.


Overall, Lit Motors Inc. is spearheading innovation in personal transportation, aiming to merge the strengths of traditional cars and motorcycles into a new, efficient form of mobility. Despite the novelty and complexity of their products, Lit Motors is gaining attention through strategic crowdfunding and potential high-profile collaborations.