Diligence memo · auto-generated · as of July 3, 2026
Wheego Electric Cars, Inc.
Wheego Electric Cars, Inc. looks under-valued against its niche peers and is dormant on financing cadence.
Businessfiled
Wheego Electric Cars, Inc. operates in Manufacturing, based in ATLANTA.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Wheego Electric Cars, Inc. has raised $12M in disclosed capital across 4 recorded rounds, aggregated from public filings. Its latest round is modeled as Series A (a $4.0M–$15M round).
Largest single filing: $5.0M on —.
Most recent recorded round closed around 2012-03-02.
Valuation (modeled)modeled
Provath models Wheego Electric Cars, Inc. at approximately $37M (range $2.8M–$289M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Under-valued. Modeled value is 0.49× the median modeled value of Series A Manufacturing companies in 2010–2012 (87 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Historic cadence: a new round about every 169 months.
Last raise 14.3 yr ago; this sector typically re-raises about every 12 months.
Silent for over 3× the sector's normal cadence.
The last round stepped up 2.5× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 80% of Manufacturing peers (3257 compared).
Modeled value ranks above 75% of those peers.
Closest niche peers: CalStar Products, Inc., Lmi Aerospace Inc, Voltaix, Inc., Faiveley Transport, S.A., Hupah Management, L.P..
Peoplefiled
12 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.