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Image by – https://www.assemblymag.com
Contents
Atlis motors:
Atlis Motor Vehicles is a US-based company building electric trucks to revolutionize the market of trucks and battery technology by using the world’s first AMV cube cell. This industry-leading technology will charge the vehicles in just 15 minutes. Altis motor vehicles are based on the XP platform, one of the best mediums for heavy-duty electric platforms.
About Atlis Motors:
Atlis motors was founded by Mark Hanchett in November 2016. It is based in Mesa Arizona, U.S. The goal of the company is to make the best electric pickup trucks available. Atlis motors claim that their trucks will have a class-leading 500 miles range in just a single charge. Atlis is also claiming that its top speed would be around 120 mph, which might be a headache for its competitors like tesla cybertruck and EV Hummer Pickup. Its acceleration might dissatisfy you as the company claims that reaching 60 mph will take time around 5 seconds knowing the fact that its competitors like Hummer EV, Rivian R1T, and the Cybertruck Tri-Motor take around 3 seconds to reach that speed.
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Numbers of the company:
Financial numbers:
1. Share price – $15.88
2. Minimum investment amount for individual investors – $254.08
3. Raised approx $12.5 million
4. Company’s valuation – $950 million
5. Funds raised – More than $32 million
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Image by – https://www.atlismotorvehicles.com
XT Pickup and XP Platform:
1. Towing capacity – 35,000 lbs
2. A vehicle for classes 3 to 6
3. Range – 500 miles
4. Charging time – 15 minutes
5. Top speed – 120 mph
6. Payload – UP To 20,000 lbs
7. Wheel base – 144 upto 176
8. Horsepower peak – 600+ hp
9. Passenger capacity – 6
10. Battery size – 250 kwh +
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Image by – https://www.startengine.com
Meet the CEO – Mark Hanchett:
Mark Hanchett is the Founder and CEO of Atlis Motor Vehicles. He has started this company in 2016 with the vision of making the best EV pickup trucks available in the market and now it seems like their dream is coming true. Before starting Atlis Motor vehicles he has also worked in Axon for around 10 years where he has served as a mechanical engineer for around 3 years, a senior mechanical engineer for around 3.5 years and a director for around 4 years. Mark is an excellent engineer and he approaches every challenge with enthusiasm and visionary drive. He also has a Tesla Model 3 but he says that he enjoys driving the pickup truck more than the model 3 and that brings him to make the EV pickup truck.
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Image by – https://investinatlis.com
Models:
Currently Atlis Motors have only one model named Atlis XT Pickup. This truck is designed for workers and tradesmen. It has around 13 inches of ground clearance which means that you can take this truck to offroading as well. It is designed to maximize performance and passenger comfort. XT has an air suspension which will provide you with a comfortable drive experience and a compatible drive experience.
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Image by – https://www.assemblymag.com
FAQs:
When will Altis Motors make its IPO public? Ans – The company is planning to launch its IPO but these days they are focusing more on making the best possible product, there’s not an exact date provided by the company but they are planning to launch their IPO soon after launching their product to the market.
What would be the cost of XT Pickup truck? Ans – According to the company, the cost of an XT pickup truck would be around $45,000.
When Atlis Motors will release the XT and XP? Ans – Company is claiming that it will start the production XT pickup truck in late 2022 and of XP platform in early 2023.
Should you invest in Atlis Motor Vehicles? Ans – If you would ask me that should we invest in Atlis Motor Vehicles or not then my personal opinion would be Yes.., you should invest because we know that the future is electric and companies like Tesla has already proven this thing. Atlis is doing great whether it in terms of advertising, product or management everything is great. So, we can expect a good amount of return from Atlis Motor Vehicles in future.
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