# LM Industries Group

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/lm-industries-group

- Industry: Transportation Services
- Headquarters: Chandler, US
- Website: www.localmotors.com
- Total disclosed funding: $0.3M
- Latest round: Series D (Jul 11, 2013)
- Investors on record: 2

## About

LM Industries Group, Inc. specializes in the design and manufacturing of innovative automobiles using advanced technologies like 3D printing and open-source designs, focusing on personalized and autonomous vehicle solutions.Founded in 2007 by John Rogers, LM Industries Group, Inc. is headquartered in Chandler, US and focuses on automotive innovation. The company has received USD 15.00 mn in total funding, with its latest funding round led by SPARX Group in January 2022. LM Industries has engaged in 13 deals to date.LM Industries is known for its innovative vehicles including the Rally Fighter, a customizable off-road vehicle; the Strati, the first 3D-printed electric car; and the Olli, an autonomous shuttle for low-speed areas. These products are aimed at municipalities, educational institutions, and private consumers in the US, Italy, and other regions trialing autonomous vehicle technology.Revenue is generated through direct sales of vehicles like the Rally Fighter, Strati, and Olli, utilizing a direct-to-consumer model that encourages customer involvement in vehicle assembly. The company focuses on customization to cater to specific buyer preferences, fostering customer engagement and loyalty.In January 2022, LM Industries Group, Inc. discontinued its operations, marking a significant change in its business strategy. There are currently no announced plans for future products or market expansion.

## Funding rounds

- Series D, Jul 11, 2013 — Javest Investment Fund
- Seed, Jun 6, 2012, $0.3M — VTF Capital

## Investors

- VTF Capital (https://capitalatlas.ai/funds/vtf-capital) — Seed
- Javest Investment Fund (https://capitalatlas.ai/funds/javest-investment-fund) — Series D