Enginuity Power Systems

Enginuity Power Systems

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.

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Investment Overview

Invested this round: $1,148,360

Deal Terms

Total Commitments

Platform
StartEngine
Start Date
08/03/2021
Close Date
10/31/2021
Min. Goal
$9,974
Max Goal
$2,999,977
Min. Investment

$580

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$38.66

Pre-Money Valuation

$91,849,163

Company & Team

Company

Year Founded
2015
Industry
Energy, Power, & Natural Resources
Tech Sector
Hardwaretech
Distribution Model
B2B
Margin
Low
Capital Intensity
High
Location
Alexandria, Virginia
Business Type
Growth
Company Website
Visit Website

Team

Employees
6
Prior Founder Exits?
No
Founder Name
Steve Niswander
Title
President, Chairman
Founder Name
James Warren
Title
VP of Design

Financials

 Revenue
$5,625,363
 Monthly Burn
$184,542
 Cash on Hand
$1,558,124
Gross Margin
28%

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$5,625,363

$0

COGS

$4,073,010

$0

Tax

$0

$0

 

 

Net Income

$-2,214,501

$-1,808,532

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$1,558,124

$1,877,070

Accounts Receivable

$723,406

$0

Total Assets

$8,158,686

$2,268,198

Short-Term Debt

$12,781,435

$13,531

Long-Term Debt

$1,517,683

$7,080,600

Total Liabilities

$14,299,118

$7,094,131

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Company Funding & Growth

Funding history

Offering Name Close Date Platform Valuation Total Raised Security Type Status Reg Type
Enginuity 03/10/2022 StartEngine $95,013,735 $1,102,472 Equity - Common Funded RegCF
Enginuity Power Systems 10/31/2021 StartEngine $91,849,163 $1,148,360 Equity - Common Funded RegCF
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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

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Enginuity Power Systems on StartEngine 2021
Platform: StartEngine
Security Type: Equity - Common
Valuation: $91,849,163
Price per Share: $38.66

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

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