BlocPower Energy Services

BlocPower Energy Services

Invest to help us transform buildings and create smarter, greener, healthier communities for ALL.

Invest to help us transform buildings and create smarter, greener, healthier communities for ALL.

Overview

Raised to Date: Raised: $84,600

Total Commitments ($USD)

Platform

Raise Green

Start Date

11/15/2023

Close Date

12/31/2023

Min. Goal
$50,000
Max. Goal
$1,000,000
Min. Investment

$100

Security Type

Debt

Series

Series C

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

7.25%

Term Length

12.0 years

Rolling Commitments ($USD)

Status

Active

Reporting Date

12/02/2023

Days Remaining

29

% of Min. Goal

169%

% of Max. Goal

8%

Likelihood of Max
unlikely
Avg. Daily Raise

$4,976

Momentum
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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

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/Cap Total Raised Security Type Status Reg Type
BlocPower Energy Services 12/31/2023 Raise Green - $84,600 Debt Active 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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BlocPower Energy Services on Raise Green 2023
Platform: Raise Green
Security Type: Debt

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