BlocPower Energy Services
Climate technology startup
Overview
Raised: $497,712
Total Commitments ($USD)
Platform
Wefunder
Start Date
03/01/2023
Close Date
04/30/2023
Min. Goal
$50,000
Max. Goal
$3,150,000
Min. Investment
$200
Security Type
Debt
Payment Schedule
Annually
SEC Filing Type
RegCF
Interest Rate
6.50%
Term Length
12.0 years
Rolling Commitments ($USD)
Status
Funded
Reporting Date
04/30/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$8,436
# of Investors
153
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 Wefunder. 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 also aims to create clean energy jobs. 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 $3.15 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 |
$96,714 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-65,427 |
$0 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$351,984 |
$0 |
|
Accounts Receivable |
$374,985 |
$0 |
|
Total Assets |
$4,391,754 |
$0 |
|
Short-Term Debt |
$315,254 |
$0 |
|
Long-Term Debt |
$3,664,949 |
$0 |
|
Total Liabilities |
$3,980,203 |
$0 |
Financials as of: 03/01/2023
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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 | - | $357,150 | 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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