EnergyX

EnergyX

Testing the Waters

EnergyX develops next generation battery technology and direct lithium extraction technology.

EnergyX develops next generation battery technology and direct lithium extraction technology.

Overview

Raised this Round: Raised: $0

Total Commitments ($USD)

Platform

Netcapital

Start Date

04/19/2021

Close Date

Testing the Waters

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

Year Founded

2018

Industry

Energy, Power, & Natural Resources

Tech Sector

Cleantech

Location

Dorado, Puerto Rico

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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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
EnergyX 12/30/2024 Dealmaker Securities $475,000,000 $47,249,457 Equity - Common Active RegA+
EnergyX 08/19/2021 Netcapital $306,492,600 $3,039,768 Equity - Common Funded RegCF
EnergyX 05/08/2021 Netcapital $306,492,600 $0 Equity - Common Funded Test the Waters / RegCF
EnergyX 02/04/2021 Netcapital $54,114,620 $1,521,935 Equity - Common Funded RegCF / RegD 506(c)
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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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EnergyX on NetCapital
Platform: Netcapital
Security Type: Equity - Common
Valuation: $306,492,600
Price per Share: $8.00

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