Emrod

Early Stage

Power anywhere: long range wireless power transfer technology

Analytics

Raised to Date: Raised: $1,070,000

Aggregate Commitments $

Platform

Republic

Start Date

08/11/2021

Close Date

03/31/2022

Min. Goal

$25,000

Max. Goal

$1,070,000

Min. Investment

$150

Security Type

SAFE

Funding Type

RegCF

Series

Seed

Valuation Cap

$17,000,000

Discount Rate

20%

Rolling Commitments $

Status

Active

Reporting Date

09/19/2021

Days Remaining

193

% of Min. Goal

4,280%

% of Max. Goal

100%

Likelihood of Max
exceeded
Avg. Daily Raise

$27,436

Momentum
hot
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Location

Boston, Massachusetts

Industry

Energy, Power, & Natural Resources

Tech Sector

Hardwaretech

Distribution Model

B2B

Margin

Medium

Capital Intensity

High

Business Type

High Growth

Emrod, with a valuation cap of $17 million, is raising crowdfunding on Republic. The company has developed technology for wireless power transfer for commercial purposes. The research and development team of Emrod has used advancements in radar and metamaterials technology to develop wireless long-distance energy transmission. Greg Kushnir founded Emrod in April 2021. The proceeds of the current crowdfunding round, with a minimum raise of $25,000 and a maximum raise of $1,070,000, will be used to continue the development of technology and introduce new and more efficient versions of the product. Emrod has already developed its proof of concept and prototype systems. The company has several MOUs for pipeline projects and has its first partner abroad.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$327,016

$88,283

COGS

$0

$0

Tax

$-183,197

$-58,177

 

 

Net Income

$-559,769

$-55,876

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$2,107

$157,123

Accounts Receivable

$0

$24,760

Total Assets

$268,176

$259,599

Short-Term Debt

$189,370

$11,503

Long-Term Debt

$725,578

$299,247

Total Liabilities

$914,948

$310,750

Financials as of: 08/11/2021
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