Icarus RT

Early Stage

Hybrid PV/Thermal Solar Plus Storage Cogeneration System

Analytics

Raised to Date: Raised: $76,038

Aggregate Commitments $

Platform

Wefunder

Start Date

11/11/2021

Close Date

01/31/2022

Min. Goal

$50,000

Max. Goal

$1,070,000

Min. Investment

$100

Security Type

Convertible Note

Funding Type

RegCF

Series

Pre-Seed

Valuation Cap

$20,000,000

Discount Rate

20%

Rolling Commitments $

Status

Active

Reporting Date

12/05/2021

Days Remaining

57

% of Min. Goal

152%

% of Max. Goal

7%

Likelihood of Max
unlikely
Avg. Daily Raise

$3,168

Momentum
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Location

San Diego, California

Industry

Energy, Power, & Natural Resources

Tech Sector

Cleantech

Distribution Model

B2B

Margin

Low

Capital Intensity

High

Business Type

Growth

Icarus RT, with a valuation of $20 million, is raising funds on Wefunder. The company has developed its revolutionary technology that helps to capture twice the energy from the sun with only a minor increase in the cost. The Quartet Hybrid Solar Energy technology combines solar photovoltaic technology with solar hot water systems to generate the desired results. Icarus RT helps to reduce the ROI from 6-8 years to about three years and is most suitable for high-density housing, industrial, and commercial buildings. Mark Anderson founded Icarus RT in October 2016. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1,070,000. The campaign proceeds will be used for manufacturing, commercialization, and sales and marketing.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-611,129

$-276,059

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$376

$7,756

Accounts Receivable

$75,000

$0

Total Assets

$80,488

$13,004

Short-Term Debt

$135,180

$0

Long-Term Debt

$999,158

$727,500

Total Liabilities

$1,134,338

$727,500

Financials as of: 11/11/2021
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Icarus RT on Wefunder 2021
$
Platform: Wefunder
Security Type: Convertible Note
Valuation: $20,000,000

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