Arco Technologies

Arco Technologies

Closed: Sep. 2024

About this raise

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.

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Investment Overview

Invested this round: $467,415

Deal Terms

Total Commitments

Platform
PicMii
Start Date
12/18/2023
Close Date
09/05/2024
Min. Goal
$9,994
Max Goal
$1,799,999
Min. Investment

$266

Security Type

Equity - Common

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$7.60

Pre-Money Valuation

$77,799,999

Company & Team

Company

Year Founded
2022
Industry
Energy, Power, & Natural Resources
Tech Sector
Cleantech
Distribution Model
B2B
Margin
Medium
Capital Intensity
High
Location
Somerville, Massachusetts
Business Type
Growth
Company Website
Visit Website

Team

Employees
12
Prior Founder Exits?
No
Founder Name
Angelo D'Anzi
Title
CEO

Financials

as of Fiscal Year 2023
 Revenue
$125,742
 Monthly Burn
$102,530
 Runway
1 months
Gross Margin
32%

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$621,775

$125,742

COGS

$424,235

$24,344

Tax

$12,006

$3,500

 

 

Net Income

$-1,230,362

$-200,067

Summary Balance Sheet

FY 2023 FY 2022

Cash

$104,491

$116,566

Accounts Receivable

$0

$0

Total Assets

$1,055,191

$1,184,918

Short-Term Debt

$1,257,501

$167,234

Long-Term Debt

$19,115

$8,747

Total Liabilities

$1,276,616

$175,981

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
09/05/2024 PicMii $77,799,999 $467,415 Equity - Common Funded RegCF
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Add to portfolio
Arco Technologies on PicMii 2023
Platform: PicMii
Security Type: Equity - Common
Valuation: $77,799,999
Price per Share: $7.60

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Follow Arco Technologies on PicMii 2023

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Warning: according to the close date for this deal, Arco Technologies may no longer be accepting investments.

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