Electrify America's Buildings

[Closed for Investment] 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 $250,000. The campaign proceeds will be used to invest in the electrification projects.

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Investment Overview

Raised this Round: Raised: $250,000

Deal Terms

Total Commitments ($USD)

Platform
Climatize
Start Date
07/18/2024
Close Date
08/13/2024
Min. Goal
$50,000
Max. Goal
$250,000
Min. Investment

$5

Security Type

Debt

Series

Series D

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

8.00%

Term Length

7.0 years

Company & Team

Company

Year Founded
2021
Industry
Energy, Power, & Natural Resources
Tech Sector
Cleantech
Distribution Model
B2B
Margin
Medium
Capital Intensity
High
Location
Brooklyn, New York
Business Type
Growth
Company Website
Visit Website

Team

Employees
2
Prior Founder Exits?
No
Founder Name
Donnel Baird
Title
CEO

Financials

as of Fiscal Year 2023
 Revenue +1,792% YoY
$259,644
 Monthly Burn
$20,854
 Runway
16.9 months

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$259,644

$13,724

COGS

$415,723

$0

Tax

$0

$0

 

 

Net Income

$-250,248

$-37,271

Summary Balance Sheet

FY 2023 FY 2022

Cash

$351,984

$173,298

Accounts Receivable

$291,860

$0

Total Assets

$3,693,908

$1,354,787

Short-Term Debt

$394,205

$160,245

Long-Term Debt

$3,001,179

$980,262

Total Liabilities

$3,395,384

$1,140,507

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
No
Offering Name Close Date Platform Valuation Total Raised Security Type Status Reg Type
Electrify Everything 11/09/2024 Climatize - $493,200 Debt Funded 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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Growth Charts

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Employee History

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BlocPower Energy Services on Climatize 2024
Platform: Climatize
Security Type: Debt

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