Airthium

Growth Stage

100x cheaper battery to stop Climate Change

Overview

Raised to Date: Raised: $632,967

Total Commitments ($USD)

Platform

Wefunder

Start Date

07/22/2022

Close Date

04/30/2023

Min. Goal

$50,000

Max. Goal

$5,000,000

Min. Investment

$250

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$42,000,000

Valuation Cap

$55,000,000

Discount

0%

Rolling Commitments ($USD)

Status

Active

Reporting Date

03/29/2023

Days Remaining

32

% of Min. Goal

1,266%

% of Max. Goal

13%

Likelihood of Max
unlikely
Avg. Daily Raise

$2,532

# of Investors

484

Momentum
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Year Founded

2017

Industry

Energy, Power, & Natural Resources

Tech Sector

Cleantech

Distribution Model

B2B

Margin

Medium

Capital Intensity

High

Location

Wilmington, Delaware

Business Type

High Growth

Airthium, with a valuation of $55 million, is raising funds on Wefunder. The company has designed a long-duration battery that is cheaper than gas, coal, and nuclear. The battery of Airthium can store 100 times more energy at the same cost as it is powered by sun and wind. Airthium is now building a heat engine that can dramatically cut carbon dioxide emissions and pollution. Andrei Klochko and Franck Lahaye founded Airthium in 2017. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $5,000,000. The campaign proceeds will be used for payroll, contractors, equipment, lab and office space, and administrative expenses.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$230,796

$196,621

COGS

$0

$0

Tax

$-157,945

$-118,908

 

 

Net Income

$-536,360

$-176,074

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$947,199

$315,548

Accounts Receivable

$0

$0

Total Assets

$1,220,548

$504,695

Short-Term Debt

$106,131

$65,198

Long-Term Debt

$2,133,776

$922,496

Total Liabilities

$2,239,907

$987,694

Financials as of: 07/22/2022
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Airthium 04/30/2023 Wefunder $55,000,000 $632,967 SAFE Active RegCF
Airthium 04/30/2021 Wefunder $17,000,000 $1,307,736 SAFE Funded RegCF
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Ratings KingsCrowd Startup Rating Methodology Article

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Analyst Report Analyst Report Methodology Article

Climate change is both one of the biggest threats humanity has ever faced and the biggest business opportunity of the century. The rapid pace of climate change endangers our ability to adapt to our changing environment. Its ultimate severity will depend on our ability to quickly reduce greenhouse gas emissions. 

Airthium is developing a heat pump and energy storage solution that could be transformative in the fight against climate change.

Founder Profile

Airthium Founder Andrei Klochko on Replacing Fossil Fuel

Industrial buildings venting sky-high plumes of smoke are the epitome of air pollution. Many of them still rely on fossil fuels, one of the greatest culprits of climate change. But like Hawaii, which recently shut down its last coal-fired power plant, some want to change for the greener.

Airthium is assisting with a low-cost, zero-emission heat pump for industrial use and electric power generation. The company also plans to use its heat pump for long-term energy storage, making renewable energy a more viable power option. We reached out to co-founder and CEO Andrei Klochko to learn how Airthium's solution can compete against fossil fuel prices and help prevent carbon emissions.

Note: This interview was conducted over phone and email. It has been lightly edited for clarity and length.

Read Founder Interview

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Airthium on Wefunder 2022
Platform: Wefunder
Security Type: SAFE
Valuation: $55,000,000

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