2040 Energy
About this raise
2040 Energy, with a valuation of $4.5 million, is testing the waters on Wefunder. The company aims to eliminate fossil fuel-building heat worldwide by the year 2040. 2040 Energy is developing a high-temperature heat pump to generate zero-emissions heat for homes with radiators. The company has a working demonstration prototype and has $480,000 in homeowner pre-orders. Joseph Strommen founded 2040 Energy in 2017. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1.24 million. The campaign proceeds will be used for constructing a mobile test chamber, outsourced engineering and fabrication, test unit materials, marketing, and salaries.
Investment Overview
$195,000 - Total
Deal Terms
Company & Team
Company
- Year Founded
- 2021
- Industry
- Energy, Power, & Natural Resources
- Tech Sector
- Location
- Bloomington, Minnesota
- Company Website
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Team
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Funding history
Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
---|---|---|---|---|---|---|
02/07/2025 | Wefunder | $4,500,000 | $195,000 | SAFE | Funded | RegCF / RegD 506(c) |