Edison XFC
Growth Stage
Redefining EV Charging
Overview
Raised: $42,205
Total Commitments ($USD)
Platform
StartEngine
Start Date
09/03/2024
Close Date
12/03/2024
Min. Goal
$15,000
Max. Goal
$1,235,000
Min. Investment
$500
Security Type
Equity - Common
Series
Pre-Seed
SEC Filing Type
RegCF
Price Per Share
$0.32
Pre-Money Valuation
$9,522,000
Year Founded
2023
Industry
Transportation, Automotive, Aviation, & Aerospace
Tech Sector
Cleantech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
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.
Summary Profit and Loss Statement
| FY 2023 | FY 2022 | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-122,513 |
$0 |
Summary Balance Sheet
| FY 2023 | FY 2022 | |
|---|---|---|
|
Cash |
$428,383 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$696,234 |
$0 |
|
Short-Term Debt |
$42,627 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$42,627 |
$0 |
Financials as of: 09/03/2024
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Raise History
| Offering Name | Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| Edison XFC | 12/03/2024 | StartEngine | $9,522,000 | $42,205 | Equity - Common | Active | RegCF |
No prior online funding rounds.
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