Edison XFC

Edison XFC

Closed: Dec. 2024

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.

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Investment Overview

Invested this round: $107,526

Deal Terms

Total Commitments

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    Open SEC Filing

Price Per Share

$0.32

Pre-Money Valuation

$9,522,000

Company & Team

Company

Year Founded
2023
Industry
Transportation, Automotive, Aviation, & Aerospace
Tech Sector
Cleantech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
High
Location
Las Vegas, Nevada
Business Type
Growth
Company Website
Visit Website

Team

Employees
6
Prior Founder Exits?
Yes
Founder Name
Amit Kumar
Title
Chairman
Founder Name
Kong Hian Lee
Title
President and Chief Executive Officer

Financials

as of August 15, 2024
 Revenue
$0
 Monthly Burn
$30,000
 Runway
6.3 months

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

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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
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Add to portfolio
Edison XFC on StartEngine 2024
Platform: StartEngine
Security Type: Equity - Common
Valuation: $9,522,000
Price per Share: $0.32

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Follow Edison XFC on StartEngine 2024

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Warning: according to the close date for this deal, Edison XFC may no longer be accepting investments.

Edison XFC Deal Report

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