HyGen

HyGen

Closed: Dec. 2018

About this raise

HyGen is raising funds on StartEngine through Reg A+ crowdfunding. The company aims to develop and build three renewable hydrogen fuelling stations in cooperation with the California Energy Commission. HyGen is a part of the State of California’s Advanced Clean Car program and plans to obtain additional grants to develop its fuelling stations. Paul Staples founded HyGen in 2014. The current crowdfunding campaign has a maximum target of $20 million. The campaign proceeds will be used for operating costs, working capital, management compensation, Phase 1 hardware and install costs, and payments of bridge notes.

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Investment Overview

Invested this round: $809,165

Deal Terms

Platform
StartEngine
Start Date
03/22/2017
Close Date
12/31/2018
Min. Goal
$750
Max Goal
$20,000,000
Min. Investment

$750

Security Type

Equity - Common

SEC Filing Type

RegA+    Open SEC Filing

Price Per Share

$5.00

Company & Team

Company

Year Founded
2014
Industry
Energy, Power, & Natural Resources
Tech Sector
Cleantech
Location
Los Angeles, California
Company Website
Visit Website

Team

Funding data not publicly available

Financials

 Revenue
$0
 Monthly Burn
$29,618
 Runway
0.4 months

Balance Sheet

Cash and Cash Equivalents

$12,621

Investment Securities

$0

Total Investments

$0

Accounts and Notes Receivable

$472,855

Loans

$0

Property, Plant and Equipment (PP&E)

$0

Property and Equipment

$0

Total Assets

$956,871

Accounts Payable & Accrued Liabilities

$842,678

Policy Liabilities and Accruals

$0

Deposits

$0

Long Term Debt

$0

Total Liabilities

$1,264,456

Total Stockholders' Equity

$-307,585

Total Liabilities and Equity

$956,871

Statement of Comprehensive Income Information

Total Revenues

$135,078

Total Interest Income

$0

Costs & Expenses Applicable to Rev

$488,075

Total Interest Expenses

$0

Depreciation and Amortization

$0

Net Income

$-355,411

Earnings Per Share - Basic

$-0.04

Earnings Per Share - Diluted

$-0.04

Auditor: dbbmckennon
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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
12/31/2018 StartEngine - $809,165 Equity - Common Funded RegA+
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Add to portfolio
HyGen on StartEngine 2018
Platform: StartEngine
Security Type: Equity - Common
Price per Share: $5.00

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Follow HyGen on StartEngine 2018

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Warning: according to the close date for this deal, HyGen may no longer be accepting investments.

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