Clean Earth Rovers

Early Stage

Automating Coastal Water Management with Smart Monitoring & Autonomous Vessels

Overview

Raised to Date: Raised: $50,280

Total Commitments ($USD)

Platform

Wefunder

Start Date

04/28/2023

Close Date

04/29/2024

Min. Goal
$50,000
Max. Goal
$1,235,000
Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$3,000,000

Valuation Cap

$4,000,000

Discount

0%

Rolling Commitments ($USD)

Status

Active

Reporting Date

06/10/2023

Days Remaining

324

% of Min. Goal

101%

% of Max. Goal

4%

Likelihood of Max
unlikely
Avg. Daily Raise

$1,169

# of Investors

27

Momentum
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Year Founded

2019

Industry

Energy, Power, & Natural Resources

Tech Sector

AutomationTech

Distribution Model

B2B

Margin

Medium

Capital Intensity

High

Location

CINCINNATI, Ohio

Business Type

Growth

Clean Earth Rovers, with a valuation of $4 million, is raising funds on Wefunder. The company is building a comprehensive water quality monitoring network for coastal water management using smart monitoring and autonomous vessels. The aim of the company is to empower coastal communities and municipalities to make informed decisions regarding the health of their coastal waterways. Clean Earth Rovers is led by an experienced team and has $300,000 in contracts in Q1 2023. Michael Arens and David Constantine founded Clean Earth Rovers in May 2019. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1.24 million. The campaign proceeds will be used for salaries, production, operations, IP filings, product inventory, and revenue growth.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-66,684

$-14,301

Summary Balance Sheet

FY 2022 FY 2021

Cash

$42,435

$804

Accounts Receivable

$0

$0

Total Assets

$42,435

$804

Short-Term Debt

$15,066

$6,751

Long-Term Debt

$100,000

$0

Total Liabilities

$115,066

$6,751

Financials as of: 04/28/2023
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Founder Profile

Clean Earth Rovers Founder Michael Arens on Automating Water Management

Water pollution is a big problem. And like most pollution problems, it’s difficult to tackle on a large scale. 

Clean Earth Rovers is trying to address this problem head on using small water-monitoring buoys and autonomous cleaning vessels. The buoys monitor water on a small scale to identify pollution, and the cleaning vessels are dispatched to clean it up. We sat down with Clean Earth Rovers founder Michael Arens to learn more about how the company is empowering municipalities and coastal communities to make informed decisions about the health of their coastal waterways.

Note: This interview was conducted over phone and email. It has been lightly edited for clarity and length.

Read Founder Interview

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Clean Earth Rovers on Wefunder 2023
Platform: Wefunder
Security Type: SAFE
Valuation: $4,000,000

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