Auburn Energy Junction
Bringing electric vehicle charging infrastructure to underserved California communities
Overview
Raised: $53,800
Total Commitments ($USD)
Platform
Raise Green
Start Date
11/12/2023
Close Date
02/10/2024
Min. Goal
$50,000
Max. Goal
$250,000
Min. Investment
$100
Security Type
Debt
Series
Pre-Seed
SEC Filing Type
RegCF
Interest Rate
6.75%
Term Length
4.0 years
Rolling Commitments ($USD)
Status
Funded
Reporting Date
02/28/2024
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$604
Momentum
Funded
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Year Founded
2022
Industry
Energy, Power, & Natural Resources
Tech Sector
Cleantech
Distribution Model
B2C
Margin
Medium
Capital Intensity
High
Auburn Energy Junction is raising funds on Raise Green. The company is bringing electric vehicle charging infrastructure to underserved California communities. Auburn Energy Junction deploys electric vehicle charging station projects and reduces greenhouse gas emissions from conventional fuel sources. The company has already deployed 76 EV charging stations at multifamily properties in California and is on the path to deploying more. Michael Becker and Alex Hassen founded Auburn Energy Junction in July 2022. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $250,000. The campaign proceeds will be used for EV charging station procurement, engineering procurement, installation and commissioning expenses, networking setup, project management fees, and legal and accounting fees.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$0 |
$0 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$0 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$0 |
$0 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 11/12/2023
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