Hyperlight Energy

Early Stage

Breaking through the cost barrier in solar steam

Analytics

Raised to Date: Raised: $352,984

Aggregate Commitments $

Platform

StartEngine

Start Date

12/16/2021

Close Date

04/30/2022

Min. Goal

$10,000

Max. Goal

$1,070,000

Min. Investment

$292

Security Type

Equity - Common

Funding Type

RegCF

Series

Pre-Seed

Price Per Share

$5.83

Pre-Money Valuation

$45,000,000

Rolling Commitments $

Status
Funded
Reporting Date

05/01/2022

Days Remaining
Funded
% of Min. Goal

3,530%

% of Max. Goal

33%

Likelihood of Max
Funded
Avg. Daily Raise

$2,615

Momentum
Funded
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Location

Lakeside, California

Industry

Energy, Power, & Natural Resources

Tech Sector

Hardwaretech

Distribution Model

B2B

Margin

Medium

Capital Intensity

Low

Business Type

High Growth

Hyperlight, with a $55M valuation, is raising funds on Startengine. The company has developed a breakthrough low-cost concentrated solar power (CSP) technology. Hyperlight has developed the product with funding and technology development support from the US Department of Energy, California Energy Commission, and the Southern California Gas Company RD&D Program. Hyperlight has built a 500 kilowatt thermal (kWt) demonstration project, held a groundbreaking ceremony for 1.5 megawatt thermal (MWt), first commercial facility, entered into an MOU with an independent oil company for a 5 MWt project, and initiated a project with an early-stage technology company to showcase the world's first integration of CO2 Direct Air Capture (DAC) technology with solar process heat. The current round of crowdfunding has a minimum target of $10,000 and a maximum target of $1,070,000. John King and Nicholas Kramer founded Hyperlight.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$883,228

$372,191

COGS

$722,612

$432,612

Tax

$0

$0

 

 

Net Income

$-742,879

$-432,194

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$514,724

$178,501

Accounts Receivable

$1,273,830

$495,197

Total Assets

$1,876,001

$750,818

Short-Term Debt

$21,175

$38,022

Long-Term Debt

$508,550

$1,109,232

Total Liabilities

$529,725

$1,147,254

Financials as of: 12/16/2021
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Hyperlight Energy on Startengine 2021
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Platform: StartEngine
Security Type: Equity - Common
Valuation: $45,000,000

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