About this raise
Enginuity Power Systems, with a pre-money valuation of $91.8 million, is raising funds on StartEngine. The company has developed its E ONE micro-CHP system that efficiently delivers electricity, hot water, and heat to homes on demand. The appliance helps consumers save money and live their life comfortably both on and off the grid. Steve Niswander and James Warren founded Enginuity Power Systems in November 2015. The current crowdfunding round has a minimum goal of $9,974.28 and a maximum goal of $1,069,992.82, and the funds will be used to make the first-generation E ONE system available in limited quantities. Enginuity Power Systems’ award-winning technology is protected by 30 filed and pending patents. The initial market of the business consists of 80 million homes in the US using natural gas and propane.
Investment Overview
Invested $1,148,360 :
Deal Terms
Company & Team
Company
- Year Founded
- 2015
- Industry
- Energy, Power, & Natural Resources
- Tech Sector
- Distribution Model
- B2B
- Margin
- Low
- Capital Intensity
- High
Financials
-
Revenue
- $5,625,363
- Monthly Burn
- $184,542
- Cash on Hand
- $1,558,124
- Gross Margin
- 28%
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Company Funding & Growth
Funding history
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.