Edison XFC
About this raise
Edison XFC, with a valuation of $9.5 million, is raising funds on StartEngine. The company designs and develops Extreme Fast Charge (XFC) electric vehicle charging stations. Edison XFC aims to create a reduced grid-dependent network to deliver high-voltage and high-current power output for rapid EV charging using an integrated and fully direct current (DC)-coupled solution. The company is currently in the pre-revenue stage and is in the process of deploying its pilot station. Victor Lee and Dr Amit Kumar founded Edison XFC in June 2023. The current crowdfunding campaign has a minimum target of $15,000 and a maximum target of $1.24 million. The campaign proceeds will be used for research and development, inventory, company employment, working capital, and marketing.
Investment Overview
Invested $107,526 :
Deal Terms
Company & Team
Company
- Year Founded
- 2023
- Industry
- Transportation, Automotive, Aviation, & Aerospace
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Medium
- Capital Intensity
- High
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $5,951,250
- VC Backed?
- No
Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
---|---|---|---|---|---|---|
12/03/2024 | StartEngine | $9,522,000 | $107,526 | Equity - Common | Funded | RegCF |