Emission Free Generators

Emission Free Generators

Early Stage

Continuous, zero emission electricity in a portable, easy-to-use generator

Continuous, zero emission electricity in a portable, easy-to-use generator

Overview

Raised this Round: Raised: $0

Total Commitments ($USD)

Platform

Wefunder

Start Date

05/19/2024

Close Date

09/30/2024

Min. Goal
$50,000
Max. Goal
$124,000
Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$20,000,000

Valuation Cap

$22,000,000

Discount

10%

Year Founded

2022

Industry

Energy, Power, & Natural Resources

Tech Sector

Cleantech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

High

Location

Claymont, Delaware

Business Type

Growth

Emission Free Generators, with a valuation of $22 million, is raising funds on Wefunder. The company has created the only continuous and zero-emission generator. Emission Free Generators’ product does not require any solar panels, batteries, or fossil fuels and uses its proprietary powder to generate clean and continuous electricity anytime and anywhere. The company’s technology is proven by the US Army and will also be used to create products for emergency backup power, outdoor camping, and EV range extenders. Mark Collins founded Emission Free Generators in March 2022. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $124,000. The campaign proceeds will be used for product development and demonstration units, patent and IP protection, staffing, marketing, compliance, and corporate expenses.

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$0

$0

COGS

$64,342

$56,695

Tax

$139

$0

 

 

Net Income

$-144,377

$-99,583

Summary Balance Sheet

FY 2023 FY 2022

Cash

$29,072

$20,046

Accounts Receivable

$0

$0

Total Assets

$64,757

$20,046

Short-Term Debt

$42,763

$3,767

Long-Term Debt

$0

$0

Total Liabilities

$42,763

$3,767

Financials as of: 05/19/2024
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Emission Free Generators 09/29/2024 Wefunder $22,000,000 $0 SAFE Active RegCF
Emission Free Generators 04/29/2023 Wefunder $22,000,000 $102,600 SAFE Funded RegCF
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Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

Funding data not publicly available

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Emission Free Generators on Wefunder 2024
Platform: Wefunder
Security Type: SAFE
Valuation: $22,000,000

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