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The future of cars is about more than replacing gas engines with batteries. If you look around, most people are still driving gas vehicles. Of the estimated 15.6 million new cars sold annually in the US, only 1.2 million of them were electric vehicles (EVs) in 2023. Lower-emission EVs may be preferred, but so far there has been little that have pushed people to make the big change. .
Enter the micro-EV, the $470 billion market, where cars are not only low-emission, they are carefully designed to tackle the unnecessary congestion caused by large vehicles in cities. Eli Electric Vehiclesa pioneer in the micro-EV space, now has a flagship vehicle that is 70% smaller than a traditional sedan.
Here's why this is more than likely the future of urban mobility, and how investors can get the most out of it.
Growing need for micro-EVs.
Most people don't realize how unsuitable traditional cars are for most urban journeys. These trips are typically less than 10 miles, and cities are only growing in population, creating more traffic jams and perpetuating the climate crisis.
With their icon Eli ZERO, Eli is poised to be a trend in the United States after selling hundreds of vehicles throughout Italy, the Netherlands, Portugal, Estonia and French Polynesia. The company has even supplied Avis' rental fleet in Bora Bora.
But to really understand why micro-EVs are the future of urban transportation, it's important to know what makes them such a unique mode of travel.
Why micro-EVs are in a category of their own.
Make no mistake: micro-EVs are meant to be more economical than those cubic cars you sometimes find on the road, and they're certainly more than street-legal golf carts. These are a completely unique class of vehicles designed for minimum size, maximum comfort, range and mass adoption at a low price.
Eli ZERO it was specially designed by an architect, Marcus Li (Eli, CEO), who saw the massive inefficiencies in the design of the vehicles we're talking about today. It highlights the potential of micro-EVs to improve our everyday journeys by blending extreme practicality with contemporary style – so Eli ZERO won the iF DESIGN AWARD in 2021.
The combination of convenience and aesthetics in micro-EVs makes a strong case for future EV adoption as the urban population grows. Micro-EVs will play a key role in this adoption.
They allow for better use of urban space, reduced travel and parking time, reduced stress and noise, and increased energy efficiency. Smaller dimensions and batteries lead to reduced lithium and power requirements, along with the need for fewer materials and components. Also, small vehicles enable significant savings with daily movements and an overall improvement in the quality of life.
Great investment opportunity in micro-EVs.
This trend is on point, and you have one limited time opportunity to join an industry pioneer through private investment.
The opportunity to invest in Eli couldn't come at a better time – at the dawn of micro-EVs, a virtually untapped market, and Eli says it's ready to fill the demand. Their new manufacturing plant can build 4,000+ vehicles per year per assembly line, the company says. Now they are preparing to expand into the lucrative US market this year. If the scale of their sales in Europe is anything to go by, demand in US cities could be even greater as this represents the largest total addressable market in the world.
With $4 million raised from over 3,000 investors through equity funding, Eli says it has everything in place to succeed as a global leader in micro-EVs. Learn more about how you can become an Eli shareholder today.
Disclosure: This is a paid advertisement for the Eli Electric Vehicle Regulation CF offer. Please read the offer circular at invest.eli.world.