Airthium

Growth Stage

100x cheaper battery to stop Climate Change

Analytics

Raised to Date: Raised: $0

Aggregate Commitments $

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

Funding Type

RegCF

Series

Seed

Valuation Cap

$55,000,000

Discount Rate

100%

Rolling Commitments $

Status

Active

Reporting Date

09/25/2022

Days Remaining

217

% of Min. Goal

0%

% of Max. Goal

0%

Likelihood of Max
unlikely
Avg. Daily Raise

$0

Momentum
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Location

Wilmington, Delaware

Industry

Energy, Power, & Natural Resources

Tech Sector

Cleantech

Distribution Model

B2B

Margin

Medium

Capital Intensity

High

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 $0 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

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.

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