GELF Energy

GELF Energy

Early Stage

Powering the Next Generation

Powering the Next Generation

Overview

Raised this Round: 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    Open SEC Filing

Price Per Share

$2.00

Pre-Money Valuation

$13,500,000

Year Founded

2020

Industry

Energy, Power, & Natural Resources

Tech Sector

Cleantech

Distribution Model

B2B

Margin

Medium

Capital Intensity

High

Location

Princeville, Hawaii

Business Type

Growth

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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GELF Energy on StartEngine 2023
Platform: StartEngine
Security Type: Equity - Common
Valuation: $13,500,000
Price per Share: $2.00

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Follow GELF Energy on StartEngine 2023

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