This company is no longer in business. Investors can get details about any potential exits or failures here.
Hyperlight Energy
Early Stage
Breaking through the cost barrier in solar steam
Overview
Raised: $352,984
Total Commitments ($USD)
Platform
StartEngine
Start Date
12/15/2021
Close Date
04/30/2022
Min. Goal
$10,000
Max. Goal
$1,070,000
Min. Investment
$292
Security Type
Equity - Common
Series
Pre-Seed
SEC Filing Type
RegCF
Price Per Share
$5.83
Pre-Money Valuation
$45,000,000
Rolling Commitments ($USD)
Status
Funded
Reporting Date
04/30/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$2,615
# of Investors
145
Momentum
Funded
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Year Founded
2012
Industry
Energy, Power, & Natural Resources
Tech Sector
Hardwaretech
Distribution Model
B2B
Margin
Medium
Capital Intensity
Low
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: 12/15/2021
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