EnergyX

Growth Stage

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

Analytics

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

Aggregate Commitments $

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

Funding Type

RegCF

Series

Series A

Pre-Money Valuation

$306,492,600

Rolling Commitments $

Status
Funded
Reporting Date

08/31/2021

Days Remaining
Funded
% of Min. Goal

30,398%

% of Max. Goal

77%

Likelihood of Max
Funded
Avg. Daily Raise

$29,802

Momentum
Funded
Log in or create a free account today to gain access to KingsCrowd analytics.
Location

Dorado, Puerto Rico

Industry

Energy, Power, & Natural Resources

Tech Sector

Cleantech

Distribution Model

B2B

Margin

High

Capital Intensity

High

Business Type

High Growth

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: 05/10/2021
Log in or create a free account today to gain access to KingsCrowd analytics.

Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
EnergyX 08/20/2021 Netcapital $306,492,600 $3,039,768 Equity - Common Funded RegCF
EnergyX 05/09/2021 Netcapital $306,492,600 $0 Equity - Common Funded Test the Waters
EnergyX 02/05/2021 Netcapital $54,114,620 $1,070,000 Equity - Common Funded RegCF
Log in or create a free account today to gain access to KingsCrowd analytics.

Upgrade to gain access

Pay Monthly
Annually (Save 17%)

Starter

$8.33 /month
billed annually
Free portfolio tracking. Limited reports and filters.
Plan Includes:
Everything in Free, plus
Advanced company search ( limited filters)
Founder profiles and exclusive webinars
2 Analyst Reports per month
Get Starter Annual

Pro

$25 /month
billed annually
Unlimited analyst reports and market analytics.
Plan Includes:
Everything in Starter, plus
Full access to all Analyst Reports
Filter on Staff Picks (e.g. Top Deal, Deal to Watch, etc.)
Market Analytics
Get Pro Annual

Merlin

$41.67 /month
billed annually
Full site access including Merlin ratings.
Plan Includes:
Everything in Pro, plus
Search and filter companies by Merlin ratings
Company specific Merlin rating and risk assessment
Get Merlin Annual
Already a member? Log in here.

Ratings

Analyst Report

Other Deals

Oscilla Power on StartEngine 2021

The Triton, the company’s flagship wave energy converter, has undergone years of concept development, product validation, and laboratory and small-scale…

Valuation: $20,021,965
Min Investment: $148
Industry: Energy, Power, & Natural Resources
Raised $136,843 of $2,999,995 max
RegCF

Whooshh Innovations on StartEngine

The company is developing innovative solutions to enable selective fish passage, restore natural habitat, and limit carbon dioxide. The sustainable…

Valuation: $84,912,372
Min Investment: $300
Industry: Energy, Power, & Natural Resources
Raised $750,725 of $1,070,000 max
RegCF

Flower Turbines on StartEngine

The company has created small wind turbines that are sleek, innovative, and efficient. The turbines of Flower Turbines also address…

Valuation: $61,700,000
Min Investment: $560
Industry: Energy, Power, & Natural Resources
Raised $3,561,280 of $14,490,000 max
RegA+

Create your first portfolio

Create your very own investment portfolio on KingsCrowd.

Now you can track all of your startup investments in one place utilizing our state-of-the-art portfolio tracker tools. To begin, create your first portfolio below.

Add to portfolio
Add EnergyX on NetCapital

Follow company

Follow EnergyX on NetCapital