BlocPower Energy Services
Invest to help us transform buildings and create smarter, greener, healthier communities for ALL.
Overview
Raised: $410,900
Total Commitments ($USD)
Platform
Raise Green
Start Date
11/15/2023
Close Date
04/28/2024
Min. Goal
$50,000
Max. Goal
$1,000,000
Min. Investment
$100
Security Type
Debt
Series
Series C
SEC Filing Type
RegCF
Interest Rate
7.25%
Term Length
12.0 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 Raise Green. The company owns and operates energy projects installed in client buildings under the BlocPower pipeline. BlocPower Energy Services has already earmarked multiple projects in New York, California, Colorado, and many other cities and utilities. The company is led by an experienced team and aims to make greener, healthier, and smarter buildings for all through affordable access to critical energy efficiency, clean energy retrofits, and hazard remediation 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 $1 million. The campaign proceeds will be used for BlocPower projects, legal expenses, and accounting expenses.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$259,644 |
$13,724 |
|
COGS |
$415,723 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-250,248 |
$-37,271 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
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 |
Financials as of: 11/15/2023
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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 | - | $444,900 | 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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