Amped Innovation

Growth Stage

Distributed solar power

Analytics

Raised to Date: Raised: $120,324

Aggregate Commitments $

Platform

Republic

Start Date

10/04/2022

Close Date

03/24/2023

Min. Goal

$25,000

Max. Goal

$5,000,000

Min. Investment

$100

Security Type

SAFE

Funding Type

RegCF

Series

Series A

Valuation Cap

$35,000,000

Discount Rate

0%

Rolling Commitments $

Status

Active

Reporting Date

12/09/2022

Days Remaining

105

% of Min. Goal

481%

% of Max. Goal

2%

Likelihood of Max
unlikely
Avg. Daily Raise

$1,823

# of Investors

166

Momentum
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Location

Palo Alto, California

Industry

Energy, Power, & Natural Resources

Tech Sector

Cleantech

Distribution Model

B2B2C

Margin

Medium

Capital Intensity

High

Business Type

Growth

Amped Innovation, with a valuation of $35 million, is raising funds on Republic. It is a clean tech company that has developed a clean and green solar machine. WOWsolar Hub of Amped Innovation is a rechargeable lithium battery bank with a built-in inverter to power homes and businesses. The machine is heat-proof, splash-proof, and dust-proof and is designed to be used every day and not just for occasional power outages. Amped Innovation has sold more than 130,000 similar products in Africa and Asia and generated $2.7 million in revenue in 2021. Andrea Kleissner and Kurt Kuhlmann founded Amped Innovation in November 2016. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $5 million. The campaign proceeds will be used for the first production build of the solar machine scheduled for Q4 2022.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$2,765,326

$2,907,229

COGS

$2,063,088

$1,917,747

Tax

$0

$0

 

 

Net Income

$-1,239,842

$-720,286

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$1,524,237

$2,071,146

Accounts Receivable

$1,266,912

$443,635

Total Assets

$4,729,597

$3,677,047

Short-Term Debt

$3,124,777

$832,385

Long-Term Debt

$0

$0

Total Liabilities

$3,124,777

$832,385

Financials as of: 10/04/2022
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Amped Innovation on Republic 2022
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Platform: Republic
Security Type: SAFE
Valuation: $35,000,000

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