About this raise

EnergyX, with a post-money valuation of $310.4 million, is testing the waters on NetCapital. The company is leading the global transition to renewable energy. It has developed the next-generation battery technology, direct lithium extraction technology, and built Lithium-ion Transport and Separation( LiTAS). Teague Egan founded EnergyX in 2018 and has raised over $9.7 million since the inception. The current crowdfunding campaign has a minimum raise of $10,000 and a maximum raise of $3,934,064. The proceeds of the raise will be used towards intellectual property, battery design, pilot plants, marketing, accounting, and other expenses. EnergyX already has agreements with four of the top ten lithium producers of the world. The company’s technology will improve lithium recovery rates from 30% to 90%.

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Investment Overview

Invested this round: $0

Deal Terms

Total Commitments ($USD)

Platform
Netcapital
Start Date
04/20/2021
Close Date
05/09/2021
Min. Goal
Funded
Max Goal
Funded
Min. Investment

$104

Security Type

Equity - Common

SEC Filing Type

Test the Waters / RegCF    Open SEC Filing

Price Per Share

$8.00

Pre-Money Valuation

$306,492,600

Company & Team

Company

Year Founded
2018
Industry
Energy, Power, & Natural Resources
Tech Sector
Cleantech
Location
Dorado, Puerto Rico
Company Website
Visit Website

Team

Funding data not publicly available

Financials

Financials are not currently available for this company. This may occur if the company is still Testing the Waters, is a Regulation D offering, or if the financials are still under review and being confirmed by our team. For Reg CF and Reg A+ raises, please check back later.

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
12/31/2024 DealMaker Securities $1,145,622,034 $4,750 Equity - Common Not Funded 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)
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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.

Employee History

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Add to portfolio
EnergyX on NetCapital
Platform: Netcapital
Security Type: Equity - Common
Valuation: $306,492,600
Price per Share: $8.00

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

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