AEV Charging

AEV Charging

Closed: Jan. 2024

About this raise

AEV Charging, with a valuation of $10 million, is raising funds on StartEngine. The company is developing highly efficient electric vehicle charging stations and compatible software solutions. The patented technology of AEV Charging uses artificial intelligence to improve the efficiency of the charging process and reduce handshake problems. AEV Charging has received approval for four provisional patents and won a grant from the European Bank for Reconstruction and Development. The current crowdfunding campaign has a minimum target of $15,000 and a maximum target of $1.24 million. The campaign proceeds will be used for marketing, research and development, operations, and legal expenses.

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Investment Overview

Invested this round: $499,228

Deal Terms

Total Commitments

Platform
StartEngine
Start Date
01/27/2023
Close Date
01/03/2024
Min. Goal
$15,000
Max Goal
$1,235,000
Min. Investment

$250

Security Type

Equity - Common

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.00

Pre-Money Valuation

$10,000,000

Company & Team

Company

Year Founded
2021
Industry
Transportation, Automotive, Aviation, & Aerospace
Tech Sector
Hardwaretech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
High
Location
Burbank, California
Business Type
Growth
Company Website
Visit Website

Team

Employees
12
Prior Founder Exits?
No
Founder Name
Eugene Arutyunyan
Title
CEO

Financials

 Revenue
$0
as of FY2022
 Monthly Burn
$38,944
as of FY2022
 Runway
7.4 months
as of FY2022

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-467,333

$-323,011

Summary Balance Sheet

FY 2022 FY 2021

Cash

$287,100

$51,000

Accounts Receivable

$300,000

$0

Total Assets

$613,656

$70,989

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$1,131,000
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
01/03/2024 StartEngine $10,000,000 $499,228 Equity - Common Funded RegCF
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Add to portfolio
AEV Charging on StartEngine 2023
Platform: StartEngine
Security Type: Equity - Common
Valuation: $10,000,000
Price per Share: $1.00

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Follow AEV Charging on StartEngine 2023

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Warning: according to the close date for this deal, AEV Charging may no longer be accepting investments.

AEV Charging Deal Report

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