Flux Hybrids
Early Stage
Techstars company retrofitting fleet vehicles into plug-in hybrids
Overview
Raised: $199,412
Total Commitments ($USD)
Platform
Wefunder
Start Date
06/14/2022
Close Date
10/22/2022
Min. Goal
$81,000
Max. Goal
$400,000
Min. Investment
$100
Security Type
Convertible Note
Series
Seed
SEC Filing Type
RegCF
Valuation Cap
$6,000,000
Discount
10%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
10/30/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,546
# of Investors
182
Momentum
Funded
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Year Founded
2020
Industry
Transportation, Automotive, Aviation, & Aerospace
Tech Sector
Hardwaretech
Distribution Model
B2B
Margin
Medium
Capital Intensity
High
Flux Hybrids, with a valuation of $6 million, is raising funds on Wefunder. The company uses its technology to retrofit fleet vehicles into plug-in hybrids. The technology provides the benefits of electrification, with the flexibility of gas, and without being slowed down by any infrastructure. The plug-in hybrid of Flux Hybrids allows fleets to drive short drives on electric power while still keeping the flexibility of gas to avoid downtime due to lack of charging infrastructure. Micah Ulrich founded Flux Hybrids in February 2020. The current crowdfunding campaign has a minimum target of $81,000 and a maximum target of $400,000. The campaign proceeds will be used for R&D, engineering support, facilities, and general administration costs.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-31,456 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$90,414 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$90,414 |
$0 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$121,870 |
$0 |
|
Total Liabilities |
$121,870 |
$0 |
Financials as of: 06/14/2022
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