Flux Hybrids

Flux Hybrids

Early Stage

Techstars company retrofitting fleet vehicles into plug-in hybrids

Techstars company retrofitting fleet vehicles into plug-in hybrids

Overview

Raised this Round: 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    Open SEC Filing

Valuation Cap

$6,000,000

Discount

10%

Year Founded

2020

Industry

Transportation, Automotive, Aviation, & Aerospace

Tech Sector

Hardwaretech

Distribution Model

B2B

Margin

Medium

Capital Intensity

High

Location

Troutman, North Carolina

Business Type

Growth

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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Flux Hybrids on Wefunder 2022
Platform: Wefunder
Security Type: Convertible Note
Valuation: $6,000,000

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