EnergyX
EnergyX is raising funds on Dealmaker Securities. The company is transforming the lithium industry with three times better technology. EnergyX’s patent-pending LiTAS technology is a true brine-to-battery solution and helps increase lithium output by up to 300% compared to conventional methods. The company is backed by major institutions like the US Department of Energy, POSCO Holdings, and General Motors and has six agreements in place with top lithium producers. Teague Egan founded EnergyX in December 2018. The current crowdfunding campaign has a minimum target of $10,003.50 and a maximum target of $4.9 million. The campaign proceeds will be used for pilot, demo, and upstream deployment, laboratory and production facility, research and development, and general and administrative expenses.
Investment Overview
Raised: $4,750
Deal Terms
Total Commitments ($USD)
- Platform
- DealMaker Securities
- Start Date
- 11/13/2024
- Close Date
- 12/31/2024
$10,004
$4,854,367
$1,000
Equity - Common
Series B
RegCF
$9.50
$495,731,717
Company & Team
Company
- Year Founded
- 2018
- Industry
- Energy, Power, & Natural Resources
- Tech Sector
- Distribution Model
- B2B
- Margin
- Low
- Capital Intensity
- High
Financials
- Revenue +93% YoY
- $210,250
- Monthly Burn
- $1,244,828
-
Runway
- 16.4 months
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $131,000,000
- Grants
- $5,000,000
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 12/31/2024 | DealMaker Securities | $495,731,717 | $4,750 | Equity - Common | Active | RegCF |
| 10/04/2024 | DealMaker Securities | $475,000,000 | $75,514,053 | Equity - Common | Funded | RegA+ |
| 08/20/2021 | Netcapital | $306,492,600 | $3,039,768 | Equity - Common | Funded | RegCF |
| 05/09/2021 | Netcapital | $306,492,600 | $0 | Equity - Common | Funded | Test the Waters / RegCF |
| 02/05/2021 | Netcapital | $54,114,620 | $1,521,935 | Equity - Common | Funded | RegCF / RegD 506(c) |
Growth Charts
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.