Diligence memo · auto-generated · as of July 2, 2026
Miles Electric Vehicles Inc
Miles Electric Vehicles Inc looks fair against its niche peers and is dormant on financing cadence.
Businessfiled
Miles Electric Vehicles Inc operates in Manufacturing, based in SANTA MONICA.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Miles Electric Vehicles Inc has raised $97M in disclosed capital across 4 recorded rounds, aggregated from public filings. Its latest round is modeled as Series C (a $40M–$100M round).
Largest single filing: $58M on 2009-12-14.
Most recent recorded round closed around 2009-12-14.
Valuation (modeled)modeled
Provath models Miles Electric Vehicles Inc at approximately $656M (range $229M–$1.7B). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Fair. Modeled value is 1.22× the median modeled value of Series C Manufacturing companies in 2007–2009 (7 peers) — value vs value, same stage and era. Within the normal band (122% of peer median) for its niche.
Financing rhythm & timingmixed
Historic cadence: a new round about every 5 months.
Last raise 16.5 yr ago; this sector typically re-raises about every 12 months.
Silent for over 3× the sector's normal cadence.
The last round was 58.0× smaller than the prior — a bridge or down round.
Comparablesmixed
Capital scale ranks ahead of 96% of Manufacturing peers (3257 compared).
Modeled value ranks above 96% of those peers.
Closest niche peers: V Vehicle Co, Spg Paperworks Holding Corp., MD Investors Corp, Commercial Vehicle Group, Inc., Delphi International Holdings S.a.r.l..
Peoplefiled
15 named people on file across officers, directors and signatories.
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.