EvStructure (2022)

EvStructure (2022)

Closed: Jun. 2022

About this raise

EvStructure, with a valuation of $26.8 million, is raising funds on Fundify. The company offers end-to-end electric vehicle charging infrastructure across the country. The business plans, designs, builds, commissions, networks, and services electric vehicle infrastructure. EvStructure has over $13 million of signed installation contracts to date and has installed more than 70,000 electric vehicle charging projects in public and private sectors. Andrew D’Alfonso and Todd Ritter founded EvStructure in January 2021. The current crowdfunding campaign has a minimum target of $100,000 and a maximum target of $5,000,000. The campaign proceeds will be used for growth and expansion.

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Investment Overview

Not Funded: $21,300

Deal Terms

Total Commitments

Platform
Fundify
Start Date
01/20/2022
Close Date
06/03/2022
Min. Goal
$100,000
Max Goal
$5,000,000
Min. Investment

$100

Security Type

SAFE

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$26,882,500

Discount

20%

Company & Team

Company

Year Founded
2021
Industry
Energy, Power, & Natural Resources
Tech Sector
Hardwaretech
Distribution Model
B2B
Margin
High
Capital Intensity
High
Location
Pasadena, California
Business Type
Growth
Company Website
Visit Website

Team

Employees
5
Prior Founder Exits?
No
Founder Name
Andrew D'alfonso
Title
COO
Founder Name
Todd Ritter
Title
CSO

Financials

 Revenue -60% YoY
$533,045
 Monthly Burn
Profitable
 Cash on Hand
$1,771
Gross Margin
62%

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$533,045

$1,315,684

COGS

$204,779

$631,436

Tax

$1,800

$3,200

 

 

Net Income

$64,938

$1,530

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$1,771

$59,106

Accounts Receivable

$0

$0

Total Assets

$0

$0

Short-Term Debt

$0

$0

Long-Term Debt

$336,581

$328,979

Total Liabilities

$336,581

$328,979

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
06/03/2022 Fundify $26,882,500 $21,300 SAFE Not Funded RegCF
01/19/2022 Fundify $26,882,500 $1,309,611 SAFE Funded Test the Waters / 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

Employee History

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Add to portfolio
EvStructure on Fundify 2022
Platform: Fundify
Security Type: SAFE
Valuation: $26,882,500

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

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