Farm to Flame Energy

Overview

Raised to Date: Raised: $197,122

Deal Terms

Investment Momentum

Company Profile

Deal Summary

Financials

Total Commitments ($USD)

Platform

Wefunder

Start Date

08/16/2022

Close Date

04/30/2023

Min. Goal

$50,000

Max. Goal

$400,000

Min. Investment

$100

Security Type

Convertible Note

Series

Seed

Funding Type

RegCF

Valuation Cap

$10,500,000

Discount Rate

20%

Rolling Commitments ($USD)

Status

Active

Reporting Date

01/31/2023

Days Remaining

89

% of Min. Goal

394%

% of Max. Goal

49%

Likelihood of Max

Avg. Daily Raise

$1,173

Momentum

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Farm to Flame Energy

Location

Syracuse, New York

Industry

Energy, Power, & Natural Resources

Tech Sector

Cleantech

Distribution Model

B2B

Margin

Medium

Capital Intensity

High

Business Type

Growth

SEC Filing

Company Website

Farm to Flame Energy, with a valuation of $10.5 million, is raising funds on Wefunder. The company has developed a patented combustion process that uses biomass waste to make electricity. The process is used in smokeless and odorless generators to provide electricity for commercial buildings. Farm to Flame Energy has signed a letter with Georgia-Pacific that produces 10% of US woody biomass electricity and has signed a contract to deploy a commercial unit to Think and Grow Farms Greenhouse in New Jersey. Kwaku Jyamfi and Stefano Alva founded Farm to Flame Energy in June 2018. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $400,000. The campaign proceeds will be used for equipment, labor, and general administrative expenses.

Summary Profit and Loss Statement

	Most Recent Year	Prior Year
Revenue	$0	$0
COGS	$0	$0
Tax	$0	$0
Net Income	$36,434	$-3,603

Summary Balance Sheet

	Most Recent Year	Prior Year
Cash	$191,878	$804
Accounts Receivable	$0	$0
Total Assets	$306,256	$804
Short-Term Debt	$9,988	$6,176
Long-Term Debt	$267,206	$2,000
Total Liabilities	$277,194	$8,176

Financials as of: 08/16/2022

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I’m originally from Indonesia’s capital city, Jakarta. And even though Jakarta is supposed to be the most advanced area in the country, power outages were normal when I was there. While I was growing up, the state power company would send us letters informing us that there was going to be a rolling outage to either save power or work on stabilizing the power. 

No matter how much Indonesians have requested better and more dependable power, it never seems to happen. So people and businesses figure out their own solutions to ensure they have electricity when they need it. Those who can afford it commonly use diesel generators that are well-known for hurting the environment. Despite the pollution they cause, these generators are reliable and easy to get.

But now there is a cleaner and cheaper alternative to costly diesel generators. Farm to Flame Energy recognized that there are countries that lack access to reliable and affordable electricity. So it designed a two-part system that can provide 24/7 electricity for companies that produce large amounts of dry biomass — like woody debris, yard trimmings, and dry crop waste. The first half of Farm to Flame Energy’s solution takes the biomass and converts it into a highly efficient carbon powder. The company’s generators then use that powder as fuel. The generators are installed at the clients’ locations, alongside a storage tank that disburses the fuel as needed. The operation is completely automated and remotely monitored, so that clients can completely ignore the generators. 

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