Inergy
Power For Life
Overview
Raised: $431,126
Total Commitments ($USD)
StartEngine
06/14/2023
11/13/2023
$250
Equity - Preferred
Seed
RegCF
$1.14
$20,031,038
Rolling Commitments ($USD)
Active
09/30/2023
44
4,312%
35%
$3,992
297
2014
Energy, Power, & Natural Resources
Cleantech
B2B/B2C
Low
Low
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$8,820,821 |
$5,650,356 |
|
COGS |
$5,342,406 |
$3,701,015 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-1,060,066 |
$-2,331,640 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$5,518 |
$67,423 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$1,543,755 |
$842,423 |
|
Short-Term Debt |
$1,244,553 |
$281,356 |
|
Long-Term Debt |
$3,699,896 |
$3,099,138 |
|
Total Liabilities |
$4,944,449 |
$3,380,494 |
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Founder Profile
Power Anywhere, Anytime: Inergy's Global Vision with CEO Sean Luangrath
As the world transitions to renewable energy, energy storage solutions are becoming increasingly important to power our lives. Among the various storage possibilities, battery storage can power houses during electricity outputs and can store for the night the electricity produced by solar panels during the day.Inergy offers a stackable and portable lithium-ion battery solution that offers convenience and durability to its customers. The company even designed Flex Tactical, a dust and waterproof battery dedicated to serving the army.
We reached out to Sean Luangrath, founding CEO of Inergy, to learn how the company grew to generate more than $8 million in annual revenue and his plans for the future.