Avadi Engines
Early Stage
Re-Imagining Power
Overview
Raised: $212,287
Total Commitments ($USD)
Platform
StartEngine
Start Date
08/23/2022
Close Date
12/23/2022
Min. Goal
$9,999
Max. Goal
$1,069,998
Min. Investment
$300
Security Type
Equity - Common
Series
Pre-Seed
SEC Filing Type
RegCF
Price Per Share
$3.00
Pre-Money Valuation
$33,750,000
Rolling Commitments ($USD)
Status
Funded
Reporting Date
12/30/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,754
# of Investors
158
Momentum
Funded
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Year Founded
2014
Industry
Industrial Services
Tech Sector
Hardwaretech
Distribution Model
B2B
Margin
Low
Capital Intensity
High
Avadi Engines, with a valuation of $33.8 million, is raising funds on StartEngine. The company is attempting to redesign internal combustion engines with its revolutionary combustion engine. Avadi Engines’ patented 4-stroke Avadi MA-250 gas engine is lighter, more fuel-efficient, and more eco-friendly than traditional engines. Avadi Engines has four issued patents in the US, Canada, Taiwan, and Singapore and aims to obtain additional international patents. Landon Wilkinson founded Avadi Engines in September 2014. The current crowdfunding campaign has a minimum target of $9,999 and a maximum target of $1,069,998. The campaign proceeds will be used for research and development, and growth.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-330,930 |
$-193,679 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$0 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$283,484 |
$296,983 |
|
Short-Term Debt |
$8,591 |
$0 |
|
Long-Term Debt |
$308,840 |
$0 |
|
Total Liabilities |
$317,431 |
$0 |
Financials as of: 08/23/2022
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