EV Solar Kits

EV Solar Kits


About this raise: EV Solar Kits, with a valuation of $4.49 million, is raising funds on StartEngine. The company makes rooftop and extendable solar panel kits for electric automobiles. The solar panel kits of EV Solar Kits provide charging accessibility to electric vehicles, especially long-haul ones, while increasing the range and decreasing vehicle operating costs. EV Solar Kits has achieved $100,000 worth of pre-orders without any marketing spending and has an email contact base of over 4,000. Steele Wasik and Jonathan Roklen founded EV Solar Kits in August 2021. The current crowdfunding campaign has a minimum target of $14,999.85 and a maximum target of $617,997.10. The campaign proceeds will be used for piloting manufacturing builds, company employment, engineering, and design.

Expand

Investment Overview

Not Funded: $13,004

Deal Terms

Total Commitments ($USD)

Platform
StartEngine
Start Date
03/27/2024
Close Date
06/25/2024
Min. Goal
$15,000
Max. Goal
$617,997
Min. Investment

$498

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$2.05

Pre-Money Valuation

$4,491,722

Company & Team

Company

Year Founded
2021
Industry
Energy, Power, & Natural Resources
Tech Sector
Cleantech
Distribution Model
B2C
Margin
Low
Capital Intensity
High
Location
Austin, Texas
Business Type
Growth
Company Website
Visit Website

Team

Employees
1
Prior Founder Exits?
No
Founder Name
Steel Waslk
Title
CEO
Founder Name
Jonathan Roklen
Title
Director of Supply Chain

Financials

as of Fiscal Year 2023
 Revenue
$0
 Monthly Burn
$500
 Runway
24+ months

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-83,020

$-142,598

Summary Balance Sheet

FY 2023 FY 2022

Cash

$97,028

$143,969

Accounts Receivable

$0

$0

Total Assets

$98,588

$145,529

Short-Term Debt

$113,905

$144,127

Long-Term Debt

$196,301

$130,000

Total Liabilities

$310,206

$274,127

Create a free account today to gain access to Kingscrowd analytics and financials.

Upgrade to gain access

Pay Monthly
Annually (2 months free)

Edge

$12.50 /month
billed annually
Free portfolio tracking, data-driven ratings, AI analysis and reports
Plan Includes:
Everything in Free, plus
Company specific Kingscrowd ratings and analyst reports
Deal explorer and side-by-side comparison
Startup exit and failure tracking
Startup market filters and historical industry data
Advanced company search ( with ratings)
Get Edge Annual
Already a member? Log in here.

Ratings Kingscrowd Startup Rating Methodology Article

Blurred Ratings Bars Blurred Ratings Bars

Company Funding & Growth

Funding history

Total Prior Capital Raised
$197,301
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
06/25/2024 StartEngine $4,491,722 $13,004 Equity - Common Not Funded RegCF
03/06/2023 Microventures $3,000,000 $62,551 Convertible Note Funded RegCF
Create a free account today to gain access to Kingscrowd analytics.

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

Founders: enhance your startup's credibility on Kingscrowd. Create an account to claim this raise page.
Add to portfolio
EV Solar Kits on StartEngine 2024
Platform: StartEngine
Security Type: Equity - Common
Valuation: $4,491,722
Price per Share: $2.05

Follow company

Follow EV Solar Kits on StartEngine 2024

Buy EV Solar Kits's Deal Report

Warning: according to the close date for this deal, EV Solar Kits may no longer be accepting investments.

EV Solar Kits Deal Report

Get Kingscrowd's comprehensive report on EV Solar Kits including:

  • How our proprietary algorithm rates their current capital raise (1-5 stars)
  • Detailed price, market, team, differentiators, performance, and risk ratings
  • Whether EV Solar Kits is undervalued or overvalued
  • Scores on the founding team and key personnel's background and expertise

Buy the EV Solar Kits deal report for only $10!

Email address:
Looking to buy more than one deal report? Get unlimited reports by upgrading to Edge