About Local Motors
Local Motors is a company based in Chandler (United States) founded in 2007 by John R Rogers and Mark Smith was acquired by RapidFlight in July 2023. It operates as a B2C, and D2C. Local Motors has raised $250 thousand across 4 funding rounds from investors including RapidFlight, GameAbove and OSTI.GOV. The company has 86 employees as of December 31, 2017. Local Motors offers products and services including Olli, Rally Fighter, Strati, and LM3D Swim. Local Motors operates in a competitive market with competitors including Waymo, Aurora, Cruise, Ridecell and Argo AI, among others.
- Headquarter Chandler, United States
- Employees 86 as on 31 Dec, 2017
- Founders John R Rogers, Mark Smith
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Sectors
Transportation, Automotive & Logistics
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Local Motors, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$250 K (USD)
in 4 rounds
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Latest Funding Round
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Investors
RapidFlight
& 4 more
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Employee Count
86
as on Dec 31, 2017
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Acquired by
RapidFlight
(Jul 14, 2023)
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Products & Services of Local Motors
Local Motors offers a comprehensive portfolio of products and services, including Olli, Rally Fighter, Strati, and LM3D Swim. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Electric-powered, 3D-printed shuttle for campuses and low-speed environments
Off-road pre-runner with on-road amenities for customized adventures
World's first 3D-printed electric vehicle for innovative transportation
Connected car with IoT features for modern driving experiences
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Funding Insights of Local Motors
Local Motors has successfully raised a total of $250K across 4 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Last Round
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First Round
First Round
(06 Jun 2012)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2021 | Amount | Series B - Local Motors | Valuation | GameAbove |
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| Jul, 2018 | Amount | Grant - Local Motors | Valuation |
investors |
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| Jan, 2016 | Amount | Series A - Local Motors | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Local Motors
Local Motors has secured backing from 5 investors, including institutional and venture fund investors. Prominent investors backing the company include RapidFlight, GameAbove and OSTI.GOV. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Early-stage tech investments are made across US, Europe, and Asia.
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Founded Year | Domain | Location | |
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Pre-seed and seed stage investments are targeted by VTF Capital.
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Founded Year | Domain | Location | |
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Philanthropy through sports, entertainment, and youth initiatives for community impact.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Local Motors
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Local Motors
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Local Motors Comparisons
Competitors of Local Motors
Local Motors operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Waymo, Aurora, Cruise, Ridecell and Argo AI, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Self-driving vehicle solutions are developed and deployed for transportation.
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| domain | founded_year | HQ Location |
AI and SaaS-based self-driving solutions for autonomous vehicles are provided.
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| domain | founded_year | HQ Location |
SaaS-enabled hardware and software for autonomous vehicles are developed.
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| domain | founded_year | HQ Location |
Cloud-enabled platforms for shared mobility and fleet management are provided.
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| domain | founded_year | HQ Location |
AI solutions for autonomous driving software and hardware are developed.
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| domain | founded_year | HQ Location |
Autonomous mobility solutions are provided through AI-enabled platforms.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Local Motors
Frequently Asked Questions about Local Motors
When was Local Motors founded?
Local Motors was founded in 2007 and raised its 1st funding round 5 years after it was founded.
Where is Local Motors located?
Local Motors is headquartered in Chandler, United States. It is registered at Chandler, Arizona, United States.
Who is the current CEO of Local Motors?
John R Rogers is the current CEO of Local Motors. They have also founded this company.
Is Local Motors a funded company?
Local Motors is a funded company, having raised a total of $250K across 4 funding rounds to date.
How many employees does Local Motors have?
As of Dec 31, 2017, the latest employee count at Local Motors is 86.
What does Local Motors do?
Local Motors, based in Phoenix, Arizona, was an American automobile manufacturer founded in 2007 that pioneered 3D-printing technology for vehicles. It utilized community input and microfactories for rapid, customized production of models like the Rally Fighter and Olli shuttles. The company focused on innovative designs in self-driving and electric vehicles, serving markets through direct sales until it ceased operations in 2022.
Who are the top competitors of Local Motors?
What products or services does Local Motors offer?
Local Motors offers Olli, Rally Fighter, Strati, and LM3D Swim.
Who are Local Motors's investors?
Local Motors has 5 investors. Key investors include RapidFlight, GameAbove, OSTI.GOV, Airbus Ventures, and VTF Capital.
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