Carnot Compression

Early Stage

Sustainable oil-free air compressors

Overview

Raised to Date: Raised: $133,461

Total Commitments ($USD)

Platform

StartEngine

Start Date

10/05/2022

Close Date

02/03/2023

Min. Goal

$10,000

Max. Goal

$3,200,000

Min. Investment

$320

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.60

Pre-Money Valuation

$22,246,773

Rolling Commitments ($USD)

Status
Funded
Reporting Date

02/28/2023

Days Remaining
Funded
% of Min. Goal

1,335%

% of Max. Goal

4%

Likelihood of Max
Funded
Avg. Daily Raise

$1,103

# of Investors

116

Momentum
Funded
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Year Founded

2014

Industry

Industrial Services

Tech Sector

Cleantech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

High

Location

Scotts Valley, California

Business Type

Growth

Company Website

Carnot Compression, with a valuation of $22.2 million, is raising funds on StartEngine. The company has developed a patented method to reduce the heat generated by compression and has created oil-free air compressors. The technology allows for air compression in an isothermal manner, reducing operating costs and improving efficiency. Carnot Compression is led by leading experts from all over the world and is prepared to benefit a bevy of industries. Todd Thompson and Hans Shillinger founded Carbot Compression in 2014. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $3.2 million. The campaign proceeds will be used for extended field testing in the dairy industry and other target markets.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$15,145

$51,593

COGS

$117,973

$222,446

Tax

$0

$0

 

 

Net Income

$-810,258

$-863,721

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$14,428

$17,472

Accounts Receivable

$13,364

$0

Total Assets

$498,935

$445,174

Short-Term Debt

$1,229,885

$778,440

Long-Term Debt

$0

$35,746

Total Liabilities

$1,229,885

$814,186
Financials as of: 10/05/2022
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Carnot Compression 02/03/2023 StartEngine $22,246,773 $133,461 Equity - Common Funded RegCF
Carnot Compression 04/18/2022 StartEngine $11,300,000 $929,008 Equity - Common Funded RegCF
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Carnot Compression on StartEngine 2022
Platform: StartEngine
Security Type: Equity - Common
Valuation: $22,246,773

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