Myers Motors

What Myers Motors does

Myers Motors, operating legally as Myers EV, PBC Company, is a US-based electric vehicle developer headquartered in Tallmadge, Ohio. The company designs, manufactures, and sells a single consumer-facing product, the Champion EV, priced at $24,995 and marketed to two-car families seeking an affordable second vehicle for daily around-town driving. The company describes the vehicle's mechanical output as 300 ft-lbs of instant torque and positions it against mainstream automakers ("Big Auto") by emphasizing cost savings of $38,000 to $75,000 per vehicle.

The company's core technology is an electric vehicle powertrain platform delivered in a single SKU; the source material does not describe proprietary battery chemistry, software stack, or autonomous capabilities. Myers Motors is structured as a Public Benefit Corporation (PBC) under Ohio jurisdiction and operates without disclosed subsidiaries, patents, trademarks, or institutional venture backing. No app, API, SDK, or third-party integrations are offered, and there is no AI/ML feature set referenced in any source.

Revenue is generated exclusively through one-time direct-to-consumer hardware sales of the Champion EV, with no subscription, service, or financing revenue streams disclosed. Go-to-market is a product-led, direct-to-consumer funnel built on a ClickFunnels website using video content ("THINK OPPOSITE," "Jailbreak Video") and email capture forms to convert interest into reservations. The company markets only within the United States, has 11-50 employees, and has raised a modest $250,000 from JumpStart Inc. (2009) plus non-dilutive Cleantech Open participation (2016).

Name

Myers Motors

Legal name

Myers EV, PBC Company

Website

https://myersev.com

Company type

Private

Founded year

2004

Operating status

Operating

Headcount range

1–10 employees

Short description

Myers Motors (Myers EV) is a Tallmadge, Ohio-based Public Benefit Corporation that designs, manufactures, and sells the Champion EV, a $24,995 sub-$25,000 electric vehicle targeted at two-car families seeking an affordable daily driver.

Ownership category

akta.pro rank

Product category

Electric Vehicles

NAICS

Motor Vehicle Electrical and Electronic Equipment Manufacturing (33632)

SIC

Motors & Generators (3621)

akta.pro industry

PRIMARYIMACACAC

Electric Drive Unit / E-Axle Manufacturing (Motors/Inverters/Gearboxes)

Industrials, Manufacturing & Construction/Automotive & Mobility Manufacturing/Electric Vehicle (EV) Manufacturing

Keywords

• Electric vehicles
• Affordable EVs
• Direct-to-consumer auto
• Electric powertrain
• Neighborhood electric vehicles

Headquarters

HQ city

Tallmadge

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Electric Vehicle Sales: One-time hardware sales of electric vehicles, specifically the Champion EV at $24,995 price point. Revenue generated from vehicle sales directly to consumers.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Myers Motors designs, manufactures, and sells the Champion EV™, an all-electric vehicle priced at $24,995 and marketed as the most affordable EV in America. The vehicle delivers 300 ft-lbs of instant torque and is positioned for daily town/city driving, primarily as a second car for two-car families. Sales are conducted direct-to-consumer through the company's website, bypassing traditional auto dealerships.

Product overview

Myers EV, PBC Company offers the Champion EV™, a single electric vehicle product priced at $24,995. This vehicle is positioned as an affordable alternative to mainstream EV manufacturers ("Big Auto"), targeting two-car families and emphasizing savings of $38,000 to $75,000 compared to typical EV pricing.

Differentiator

Problem solved

Functional benefit

Brands

• Champion EV™: The company's flagship electric vehicle priced at $24,995, positioned as a sub-$25,000 EV for two-car families.

Products and services

• Champion EV™

Quantifiable outcome

• Potential savings of $38,000 to $75,000 per vehicle compared to other EVs
• +1 more outcomes

Named customers1 record

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Scale indicators1 record

Recent moves5 records

Expansion highlights4 records

Broad incumbents

• Rivian: Rivian is an EV manufacturer currently producing premium electric trucks and SUVs at much higher price points. Comparable as a fellow American EV-pure-play manufacturer, though at a different price and segment position.
• Polestar: Polestar is an EV-focused automotive brand offering premium EVs. Comparable as a competitor for consumer mindshare in the EV market, while operating at substantially higher price points and volume scale than Myers.
• Tesla: Tesla is the dominant volume EV manufacturer and has publicly signaled intent to produce a sub-$25K model. It is broadly comparable as the EV incumbent Myers positions itself against, and which ultimately sets the price ceiling Myers must beat on affordability.

Direct peers

• Arcimoto: Arcimoto produces the FUV, a niche three-wheeled battery-electric vehicle marketed at a similar sub-$30K price point for daily urban utility. Both companies target price-sensitive two-car-family and urban buyers seeking an alternative to mainstream EVs.
• Workhorse Group: Workhorse builds and sells low-volume electric vehicles (last-mile delivery vans, drones), serving a niche within the broader EV market. Comparable to Myers as a small, capital-constrained American EV manufacturer serving a defined niche rather than the mass market.
• Elio Motors: Elio Motors targeted a three-wheeled ultra-efficient vehicle for under $15K. Like Myers, it is a small specialty EV maker competing on low price and fuel-cost savings for daily commuters.
• Aptera Motors: Aptera is developing a solar-assisted EV at a sub-$30K price point for efficient daily transportation. It is directly comparable to Myers in being a small, mission-driven EV startup competing on affordability and efficiency rather than performance or range.
• ElectraMeccanica Vehicles: ElectraMeccanica manufactures the Solo, a single-seat battery-electric three-wheeler priced around $15K-$20K. Like Myers Motors, it is a small public EV maker targeting individual commuters with a niche, affordable electric vehicle.
• Canoo: Canoo is a small EV startup focused on purpose-built electric vehicles for daily mobility and subscription ownership. Comparable to Myers as a similarly sized, EV-pure-play challenger to mainstream OEMs.
• Lordstown Motors: Lordstown Motors is an American EV startup that targeted the commercial/work pickup segment — comparable to Myers as another small, capital-constrained EV pure-play that struggled to scale from announced product to sustained delivery.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks7 records

Key highlights6 records

Customer concentration

• Xx.com/LittleGreenEV
• LinkedInlinkedin.com/company/441816

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds2 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Myers Motors