BlocPower Energy Services
Climate technology startup
Overview
Raised: $704,000
Total Commitments ($USD)
Platform
Raise Green
Start Date
03/08/2022
Close Date
04/30/2022
Min. Goal
$25,000
Max. Goal
$2,000,000
Min. Investment
$100
Security Type
Debt
Series
Seed
SEC Filing Type
RegCF
Rolling Commitments ($USD)
Status
Funded
Reporting Date
04/30/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$13,538
Momentum
Funded
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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 Raise Green. The company owns and operates energy projects installed in client buildings under the BlocPower pipeline. BlocPower Energy Services has already earmarked ten individual projects in New York and California. The project installations will include LED lights, insulation and air sealing, window replacement, combined heat and power, battery storage, and low flow fixtures and water-saving measures. Donnel A. Baird founded BlocPower Energy Services in January 2021. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $2,000,000. The campaign proceeds will be used to work with project installations within six to nine months.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$3,393 |
$0 |
|
COGS |
$2,824 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-6,713 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$1,047,975 |
$0 |
|
Accounts Receivable |
$2,245 |
$0 |
|
Total Assets |
$1,257,033 |
$0 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$886,194 |
$0 |
|
Total Liabilities |
$886,194 |
$0 |
Financials as of: 03/08/2022
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Raise History
| Offering Name | Close Date | Platform | Valuation/Cap | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| BlocPower Energy Services | 04/27/2024 | Raise Green | - | $254,050 | Debt | Active | RegCF |
| BlocPower Energy Services | 04/29/2023 | Wefunder | - | $497,712 | Debt | Funded | RegCF |
| BlocPower Energy Services | 04/29/2022 | Raise Green | - | $704,000 | Debt | Funded | RegCF |
| BlocPower Energy Services | 02/27/2022 | Raise Green | - | $1,092,000 | Debt | Funded | RegCF |
| BlocPower Energy Services | 05/13/2021 | Raise Green | - | $997,250 | Debt | Funded | RegCF |
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