GELF Energy
Early Stage
Powering the Next Generation
Overview
Raised: $108,656
Total Commitments ($USD)
Platform
StartEngine
Start Date
03/07/2023
Close Date
07/08/2023
Min. Goal
$10,000
Max. Goal
$1,234,986
Min. Investment
$248
Security Type
Equity - Common
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$2.00
Pre-Money Valuation
$13,500,000
Rolling Commitments ($USD)
Status
Funded
Reporting Date
07/30/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$891
# of Investors
166
Momentum
Funded
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Year Founded
2020
Industry
Energy, Power, & Natural Resources
Tech Sector
Cleantech
Distribution Model
B2B
Margin
Medium
Capital Intensity
High
GELF Energy, with a valuation of $13.5 million, is raising funds on StartEngine. The company has the exclusive license to use the patented technology to convert sewage and food waste into renewable electricity and green hydrogen. The business uses the Microbial Energy System to integrate carbon capture, water purification, and waste repurposing technologies to produce green hydrogen with the help of a Microbial Energy Device. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1.23 million. The campaign proceeds will be used for marketing, working capital, research and development, and company employment.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-94,004 |
$0 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$205 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$880 |
$0 |
|
Short-Term Debt |
$65,384 |
$0 |
|
Long-Term Debt |
$25,000 |
$0 |
|
Total Liabilities |
$90,384 |
$0 |
Financials as of: 03/07/2023
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