United States · Automotive startup

Lit Motors

Lit Motors is a startup based in Portland, Oregon, founded in 2010 by Daniel K.

Funding reportedLast round: Seed

AutomotiveSan Francisco, United States

About Lit Motors

Lit Motors is a startup based in Portland, Oregon, founded in 2010 by Daniel K.

Kim. The company focuses on designing innovative two-wheeled, fully electric vehicles that feature gyroscopically stabilized, self-balancing technology. This technology aims to combine the safety of a car with the freedom of a motorcycle. Their flagship product is the AEV (Autonomous-balancing Electric Vehicle), also known as the C-1, which is a fully enclosed electric vehicle that offers high torque, stability, and the ability to park in tight spaces. Another product is the Kubo cargo scooter, designed for urban cargo transport. Lit Motors targets urban commuters and individuals seeking efficient, safe, and eco-friendly transportation solutions. The company aims to make personal transportation safer and more exciting by integrating freedom, safety, and comfort. As of July 2025, Lit Motors has developed multiple prototypes and plans to begin production in a small plant in Portland, with a target of 300,000 units annually by 2034. The company has raised $19.6 million in funding and employs approximately 11 to 50 people.

What company datasets say Lit Motors raised

Funding, as reported

Reported in all$2.2Min dollars
Rounds2
Last roundSeed
Last round size$1.6M
Last round dateMar 2014
Investors listed5

Founders and team

From Lit Motors's own website: 1 founder, 3 on the team.

Daniel KimCEO, CTO, and Founder
  • Bill WebbVP Industrial Product Design
  • Stefan SchaeperVP Chassis & Integration
  • Natalia AmijoCreative Director of Product Design

AdvisersVolker Kaese

On a portfolio page

Investors who name them

Each firm lists Lit Motors on its own website. That is the firm's claim, a weaker thing than a round we watched, but a named source.

The company, in detail

What they build

Known for

lightweight designlow weightself-balancingautonomous vehicleclean energy & technologyconsumerstwo-seaterurban mobility solutiongyroscopic stabilityadvanced vehicle technologyelectric vehicle prototypesurban commutingcompact urban evairbags and seatbeltsmotor vehicle manufacturingdynamic stability

Built with from their website

Google Tag ManagerGoogle CloudGoogle WorkspaceViewport MetaTrustArcVarnishwebpackFacebook SDKGoogle Cloud HostingGoogle Meet

+8 more

Priority HintsReactSirvoyWix eCommerceMySQLWebsiteBuilderMobile FriendlyLodash

Sector
Automotive
Industry code
NAICS 33639, 336110, SIC 3599, 3711
Region
California
Revenue
$7.0M a year, as listed
Full record
Every detail in the company directory

Automotive in United States

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