Ichor

Growth Stage

Reducing Emissions & Increasing Fuel Economy

Analytics

Raised to Date: Raised: $77,350

Aggregate Commitments $

Platform

StartEngine

Start Date

06/02/2021

Close Date

11/18/2021

Min. Goal

$9,997

Max. Goal

$4,999,989

Min. Investment

$246

Security Type

Equity - Common

Funding Type

RegCF

Series

Pre-Seed

Pre-Money Valuation

$83,907,599

Rolling Commitments $

Status
Funded
Reporting Date

11/28/2021

Days Remaining
Funded
% of Min. Goal

774%

% of Max. Goal

2%

Likelihood of Max
Funded
Avg. Daily Raise

$458

Momentum
Funded
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Location

Idaho Falls, Idaho

Industry

Energy, Power, & Natural Resources

Tech Sector

Cleantech

Distribution Model

B2B

Margin

Medium

Capital Intensity

High

Business Type

Growth

Ichor, with a pre-money valuation of $83.9 million, is raising crowdfunding on StartEngine. The company has developed injectors to drive up diesel fuel economy to 30% and decrease emissions by 90%. Ichor’s RKI, a diesel fuel injector, has the potential to combat climate change and reduce emissions by reducing both Particulate Matter and NOx emissions. Trevor Bates founded Ichor in 2018. The current crowdfunding round has a minimum target of $9,997.44 and a maximum target of $4,999,989.36, and the funds will be used for social media marketing, payroll taxes and benefits, office expenses, hardware engineering, software engineering, and license fee. Ichor is a Geneva award winner and has patents filed in over 25 countries.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-75,104

$-22,676

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$40,822

$895

Accounts Receivable

$0

$0

Total Assets

$1,040,822

$1,000,895

Short-Term Debt

$332,397

$0

Long-Term Debt

$805,205

$1,022,571

Total Liabilities

$1,137,602

$1,022,571

Financials as of: 06/02/2021
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Ichor on StartEngine 2021
$
Platform: StartEngine
Security Type: Equity - Common
Valuation: $83,907,599

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