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%.
Investment Overview
Invested $3,039,768 :
Deal Terms
Company & Team
Company
- Year Founded
- 2018
- Industry
- Energy, Power, & Natural Resources
- Tech Sector
- Distribution Model
- B2B
- Margin
- High
- Capital Intensity
- High
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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) |
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.