GoSun

GoSun

Growth Stage

Leading the Solar Powered Future

Leading the Solar Powered Future

Overview

Raised this Round: Raised: $165,278

Total Commitments ($USD)

Platform

StartEngine

Start Date

06/26/2024

Close Date

09/23/2024

Min. Goal
$15,000
Max. Goal
$4,999,998
Min. Investment

$348

Security Type

Equity - Common

Series

Series A

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$3.00

Pre-Money Valuation

$40,817,388

Year Founded

2016

Industry

Energy, Power, & Natural Resources

Tech Sector

Cleantech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

Location

Cincinnati, Ohio

Business Type

Growth

GoSun, with a valuation of $40.8 million, is raising funds on StartEngine. The company uses solar technologies to create efficient products for cooking, cooling, lighting, and charging electronics using solar energy. GoSun products support independence and non-reliance on non-renewable sources of energy, which helps to create a healthier and more sustainable environment. The business has sold over 155,000 products across 80 countries and reported $23 million in sales in 2023. Patrick Sherwin founded GoSun in December 2016. The current crowdfunding campaign has a minimum target of $15,000 and a maximum target of $4.99 million. The campaign proceeds will be used for research and development, inventory, marketing, and working capital.

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$2,818,617

$5,730,329

COGS

$1,791,343

$3,923,262

Tax

$0

$0

 

 

Net Income

$-1,364,392

$-562,476

Summary Balance Sheet

FY 2023 FY 2022

Cash

$1,086,362

$1,555,801

Accounts Receivable

$0

$3,643

Total Assets

$3,287,198

$3,890,076

Short-Term Debt

$339,938

$223,422

Long-Term Debt

$106,583

$0

Total Liabilities

$446,521

$223,422

Financials as of: 06/26/2024
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
GoSun 09/22/2024 StartEngine $40,817,388 $165,278 Equity - Common Active RegCF
GoSun 04/09/2023 StartEngine $59,891,925 $2,798,114 Equity - Preferred Funded RegCF
GoSun 07/13/2020 StartEngine $14,029,817 $1,069,999 Equity - Common Funded RegCF
GoSun 09/05/2017 SeedInvest $10,000,000 $599,459 Convertible Note Funded RegCF / RegD 506(c)
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Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

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GoSun on StartEngine 2024
Platform: StartEngine
Security Type: Equity - Common
Valuation: $40,817,388
Price per Share: $3.00

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