EnergyX

EnergyX

Growth Stage

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

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

Overview

Raised to Date: Raised: $3,039,768

Total Commitments ($USD)

Platform

Netcapital

Start Date

05/09/2021

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

Rolling Commitments ($USD)

Status
Funded
Reporting Date

08/30/2021

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$29,802

Momentum
Funded
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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

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%.

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
Financials as of: 05/09/2021
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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 $25,242,435 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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Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Valuation History

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.

Employee History

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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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