# Lit Motors: Automotive, San Francisco, United States

> Lit Motors: Lit Motors is a startup based in Portland, Oregon, founded in 2010 by Daniel K. Based in San Francisco, United States. Founded 2010.

Source: https://millionrounds.com/startup/lit-motors (Millionrounds; every figure on the page links to its filing or article)

United States · [Automotive startup](https://millionrounds.com/companies)

# Lit Motors

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

Funding reported Last round: Seed

Automotive San Francisco, United States

Company summary

- **Founded:** 2010 16 years old
- **Team:** 23 11 to 50 people
- **Funding reported:** $2.2M in dollars
- **Last round:** Seed Mar 2014

How sure we are

- ✓ **Listed** We know it exists and what it does
- 2 **Funding reported** A company dataset reports a raise
- 3 **Observed** A filing or a dated announcement confirms a round

No round for Lit Motors has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology)

## 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 **$2.2M** in dollars

Rounds **2**

Last round **Seed**

Last round size **$1.6M**

Last round date **Mar 2014**

Investors listed **5**

## Founders and team

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

**Daniel Kim** CEO, CTO, and Founder

- **Bill Webb** VP Industrial Product Design
- **Stefan Schaeper** VP Chassis & Integration
- **Natalia Amijo** Creative Director of Product Design

Advisers *Volker Kaese*

## On a portfolio page

Investors who name them

- [Collaborative Fund](https://millionrounds.com/fund/collaborative-fund)

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 design low weight self-balancing autonomous vehicle clean energy & technology consumers two-seater urban mobility solution gyroscopic stability advanced vehicle technology electric vehicle prototypes urban commuting compact urban ev airbags and seatbelts motor vehicle manufacturing dynamic stability

Built with from their website

Google Tag Manager Google Cloud Google Workspace Viewport Meta TrustArc Varnish webpack Facebook SDK Google Cloud Hosting Google Meet

+8 more

Priority Hints React Sirvoy Wix eCommerce MySQL WebsiteBuilder Mobile Friendly Lodash

- **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](https://millionrounds.com/directory/lit-motors)

## Automotive in United States

Startups like it

- [**Rivian** Irvine · founded 2009 *Raised*](https://millionrounds.com/company/rivian)
- [**Argo AI** Pittsburgh · founded 2016 *Raised*](https://millionrounds.com/company/argo-ai)
- [**Lucid Motors** Newark · founded 2007 *Raised*](https://millionrounds.com/company/lucid-motors)
- [**Cruise** San Francisco · founded 2013 *Raised*](https://millionrounds.com/company/cruise)
- [**Slate Auto** Troy · founded 2022 *Raised*](https://millionrounds.com/company/slate-auto)
- [**Also** Chicago · founded 1998 *Raised*](https://millionrounds.com/company/also)
- [**Harbinger** Garden Grove · founded 2021 *Raised*](https://millionrounds.com/company/harbinger)
- [**Vulcan Elements** Vestavia Hills · founded 2023 *Raised*](https://millionrounds.com/company/vulcan-elements)

## Is this your company?

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