Electrify Everything
Climate technology startup
Overview
Raised: $422,000
Total Commitments ($USD)
Platform
Climatize
Start Date
08/22/2024
Close Date
11/20/2024
Min. Goal
$250,000
Max. Goal
$500,000
Min. Investment
$10
Security Type
Debt
Series
Series E
SEC Filing Type
RegCF
Interest Rate
10.00%
Term Length
5.0 years
Year Founded
2021
Industry
Energy, Power, & Natural Resources
Tech Sector
Cleantech
Distribution Model
B2B
Margin
Medium
Capital Intensity
High
BlocPower Energy Services is raising funds on Climatize. The company owns and operates energy projects installed in client buildings under the BlocPower pipeline for healthier, greener, and smarter communities. BlocPower Energy Services has already earmarked multiple projects in New York, California, Colorado, and many other cities and utilities. Currently, the company is raising funds to expand its electrification efforts throughout the United States and invest in energy efficiency, renewable energy, and electric vehicle charging infrastructure projects. Donnel A. Baird founded BlocPower Energy Services in January 2021. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $500,000. The campaign proceeds will be used to invest in the electrification projects.
Summary Profit and Loss Statement
| FY 2023 | FY 2022 | |
|---|---|---|
|
Revenue |
$778,984 |
$259,644 |
|
COGS |
$940,461 |
$415,723 |
|
Tax |
$803 |
$0 |
| ||
| ||
|
Net Income |
$-216,046 |
$-250,248 |
Summary Balance Sheet
| FY 2023 | FY 2022 | |
|---|---|---|
|
Cash |
$176,891 |
$351,984 |
|
Accounts Receivable |
$350,405 |
$291,860 |
|
Total Assets |
$3,784,268 |
$3,693,908 |
|
Short-Term Debt |
$474,368 |
$394,205 |
|
Long-Term Debt |
$3,217,990 |
$3,001,179 |
|
Total Liabilities |
$3,692,358 |
$3,395,384 |
Financials as of: 08/22/2024
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Raise History
| Offering Name | Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| Electrify Everything | 11/20/2024 | Climatize | - | $422,000 | Debt | Active | RegCF |
| Electrify America's Buildings | 08/13/2024 | Climatize | - | $250,000 | Debt | Funded | RegCF |
| BlocPower Energy Services | 04/28/2024 | Raise Green | - | $410,900 | Debt | Funded | RegCF |
| BlocPower Energy Services | 04/30/2023 | Wefunder | - | $497,712 | Debt | Funded | RegCF |
| BlocPower Energy Services | 04/30/2022 | Raise Green | - | $704,000 | Debt | Funded | RegCF |
| BlocPower Energy Services | 02/28/2022 | Raise Green | - | $1,092,000 | Debt | Funded | RegCF |
| BlocPower Energy Services | 05/14/2021 | Raise Green | - | $997,250 | Debt | Funded | RegCF |
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