# Myers Motors

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/myers-motors

- Industry: Electronics
- Headquarters: Tallmadge, US
- Website: www.myersmotors.com
- Total disclosed funding: $0.3M
- Latest round: Seed (Jun 17, 2009)
- Investors on record: 1

## About

Myers Motors focuses on the design and production of electric vehicles that cater to the increasing demand for sustainable transportation solutions. Their innovative vehicles aim to enhance daily mobility while minimizing environmental impact.Founded by Dana Myers, Myers Motors operates out of Tallmadge, US, specializing in electric vehicles to address everyday transportation needs. The company secured USD 0.250 mn in Seed funding led by JumpStart Ventures on June 17, 2009, marking its latest investment round. The company has engaged in one major deal to date.Myers Motors specializes in developing and manufacturing electric vehicles (EVs) that provide efficient daily transportation solutions. Their product lineup includes a variety of electric vehicles equipped with advanced technology aimed at offering an environmentally friendly driving experience. Targeting urban and suburban markets, Myers Motors caters to environmentally conscious consumers and businesses looking to diminish their carbon footprint. Their clientele spans individual consumers, corporate fleets, and ride-sharing services across North America, Europe, and select regions in Asia.Myers Motors generates revenue through direct sales of its electric vehicles, allowing customers to purchase vehicles via their dealerships or online platforms. Additionally, they explore partnerships with retailers to broaden their product distribution. Their flagship models are designed to meet diverse consumer needs, with pricing plans adapted to market conditions and customer requirements, ensuring a sound revenue strategy while fostering relationships with various client segments.Myers Motors is looking to expand its product offerings by developing new electric vehicle models aimed at enhancing daily mobility, although specific release dates are not disclosed. The company plans to penetrate new markets across North America and Europe, targeting regions that show significant demand for eco-friendly transportation solutions. The recent Seed funding of USD 0.250 mn will support these growth initiatives, emphasizing product development and market expansion efforts.

## Funding rounds

- Seed, Jun 17, 2009, $0.3M — JumpStart

## Investors

- JumpStart (https://capitalatlas.ai/funds/jumpstart) — Seed