Aquaria

Aquaria

Early Stage

We Make Water from the Air - Providing Water Security and Access from Climate Change

We Make Water from the Air - Providing Water Security and Access from Climate Change

Overview

Raised this Round: Raised: $6,200

Total Commitments ($USD)

Platform

Wefunder

Start Date

05/31/2023

Close Date

04/29/2024

Min. Goal
$50,000
Max. Goal
$1,235,000
Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$23,000,000

Valuation Cap

$30,000,000

Discount

20%

Year Founded

2021

Industry

Energy, Power, & Natural Resources

Tech Sector

Cleantech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

High

Location

ORLANDO, Florida

Business Type

Growth

Aquaria, with a valuation of $30 million, is raising funds on Wefunder. The company has developed its scalable frontier technology to generate safe and potable water from the air. The aim of the company is to eliminate water insecurity for millions of people, provide water security, and access to climate change. Aquaria is 20 times more cost-effective than bottled water, three times more efficient than its competition, and has generated over $1 million in total revenue. Brian Sheng and Eric Sheng founded Aquaria in July 2021. 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 hiring, paid digital marketing channels, operations, maintenance, support, R&D, and product development.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$463,500

$0

COGS

$506,627

$0

Tax

$0

$0

 

 

Net Income

$-102,891

$0

Summary Balance Sheet

FY 2022 FY 2021

Cash

$272,719

$0

Accounts Receivable

$0

$0

Total Assets

$272,719

$0

Short-Term Debt

$175,610

$0

Long-Term Debt

$200,000

$0

Total Liabilities

$375,610

$0

Financials as of: 05/31/2023
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Aquaria on Wefunder 2023
Platform: Wefunder
Security Type: SAFE
Valuation: $30,000,000

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