About this raise

EnergyX, with a post-money valuation of $310.4 million, is raising funds 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%.

Expand

Investment Overview

Invested this round: $3,039,768

Deal Terms

Total Commitments ($USD)

Platform
Netcapital
Start Date
05/10/2021
Close Date
08/20/2021
Min. Goal
$10,000
Max Goal
$3,934,064
Min. Investment

$104

Security Type

Equity - Common

Series

Series A

SEC Filing Type

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
Distribution Model
B2B
Margin
High
Capital Intensity
High
Location
Dorado, Puerto Rico
Business Type
High Growth
Company Website
Visit Website

Team

Employees
15
Prior Founder Exits?
No
Founder Name
Teague Egan
Title
CEO

Financials

 Revenue
$0
 Monthly Burn
$150,377
 Runway
2.8 months

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-1,804,525

$-786,027

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$422,900

$159,939

Accounts Receivable

$0

$0

Total Assets

$524,554

$171,801

Short-Term Debt

$555,000

$0

Long-Term Debt

$1,552,330

$313,000

Total Liabilities

$2,107,330

$313,000

Create a free account today to gain access to Kingscrowd analytics and financials.

Upgrade to gain access

Pay Monthly
Annually (2 months free)

Edge

$12.50 /month
billed annually
Free portfolio tracking, data-driven ratings, AI analysis and reports
Plan Includes:
Everything in Free, plus
Company specific Kingscrowd ratings and analyst reports
Deal explorer and side-by-side comparison
Startup exit and failure tracking
Startup market filters and historical industry data
Advanced company search ( with ratings)
Get Edge Annual
Already a member? Log in here.

Ratings Kingscrowd Startup Rating Methodology Article

Blurred Ratings Bars Blurred Ratings Bars

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)
Create a free account today to gain access to Kingscrowd analytics.

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

Founders: enhance your startup's credibility on Kingscrowd. Create an account to claim this raise page.
Add to portfolio
EnergyX on NetCapital
Platform: Netcapital
Security Type: Equity - Common
Valuation: $306,492,600
Price per Share: $8.00

Follow company

Follow EnergyX on NetCapital

Buy EnergyX's Deal Report

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

EnergyX Deal Report

Get Kingscrowd's comprehensive report on EnergyX including:

  • How our proprietary algorithm rates their current capital raise (1-5 stars)
  • Detailed price, market, team, differentiators, performance, and risk ratings
  • Whether EnergyX is undervalued or overvalued
  • Scores on the founding team and key personnel's background and expertise

Buy the EnergyX deal report for only $10!

Email address:
Looking to buy more than one deal report? Get unlimited reports by upgrading to Edge