Arco Technologies
Growth Stage
We manufacture our own Pem Fuel Cell & AEM Electrolyzers
Overview
Raised: $497,209
Total Commitments ($USD)
Platform
PicMii
Start Date
12/17/2023
Close Date
04/29/2024
Min. Goal
$9,994
Max. Goal
$1,799,999
Min. Investment
$266
Security Type
Equity - Common
Series
Pre-Seed
SEC Filing Type
RegCF
Price Per Share
$7.60
Pre-Money Valuation
$77,799,999
Rolling Commitments ($USD)
Status
Funded
Reporting Date
04/30/2024
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$3,738
Momentum
Funded
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Year Founded
2022
Industry
Energy, Power, & Natural Resources
Tech Sector
Cleantech
Distribution Model
B2B
Margin
Medium
Capital Intensity
High
Arco Technologies, with a valuation of $77.8 million, is raising funds on PicMii. The company is involved in the development and manufacture of next-gen PEM fuel cells and AEM electrolyzers. Arco Technologies’ patented DIRECTLINK and SUPERNOVA technologies aim to give electric vehicles improved range and charging time with zero emissions. The company caters to commercial transport operators, trucking and logistics companies, work vehicle manufacturers, and maritime operators, and generates revenue through product sales, maintenance contracts, consulting services, and technology licensing. David Zabetakis founded Arco Technologies in January 2022. The current crowdfunding campaign has a minimum target of $9,994 and a maximum target of $1.8 million. The campaign proceeds will be used for R&D, marketing, industrialization and certifications, salaries, and working capital.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$125,742 |
$0 |
|
COGS |
$24,344 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-200,067 |
$0 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$116,566 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$1,184,918 |
$0 |
|
Short-Term Debt |
$167,234 |
$0 |
|
Long-Term Debt |
$8,747 |
$0 |
|
Total Liabilities |
$175,981 |
$0 |
Financials as of: 12/17/2023
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