infiniRel

Early Stage

TECHNOLOGY TO ASSURE THE FUTURE OF RENEWABLE ENERGY

Analytics

Raised to Date: Raised: $14,600

Aggregate Commitments $

Platform

Wefunder

Start Date

03/17/2022

Close Date

10/28/2022

Min. Goal

$50,000

Max. Goal

$1,000,000

Min. Investment

$100

Security Type

Convertible Note

Funding Type

RegCF

Series

Seed

Valuation Cap

$9,000,000

Discount Rate

20%

Rolling Commitments $

Status

Active

Reporting Date

06/25/2022

Days Remaining

125

% of Min. Goal

29%

% of Max. Goal

1%

Likelihood of Max
unlikely
Avg. Daily Raise

$146

Momentum
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Location

Santa Cruz, California

Industry

Energy, Power, & Natural Resources

Tech Sector

Hardwaretech

Distribution Model

B2B

Margin

Medium

Capital Intensity

High

Business Type

Growth

infiniRel, with a valuation of $9 million, is raising funds on Wefunder. The company has developed an early warning system that solves the problem of unreliability with renewable energy and electric vehicles. The infinitely reliable and massively scalable early warning system of infiniRel predicts power electronic failures. infiniRel has patents granted for the US and key European markets and expects to reach $160 million in revenue by 2026. Bert Wank founded infiniRel in July 2009. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1,000,000. The campaign proceeds will be used for sales and marketing, software update, R&D, and pre-production hardware.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$167,500

$69,393

COGS

$30,006

$0

Tax

$0

$0

 

 

Net Income

$-39,927

$-57,234

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$19,092

$7,363

Accounts Receivable

$0

$0

Total Assets

$99,340

$73,160

Short-Term Debt

$60,428

$74,291

Long-Term Debt

$609,913

$529,943

Total Liabilities

$670,341

$604,234

Financials as of: 03/17/2022
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infiniRel on Wefunder 2022
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Platform: Wefunder
Security Type: Convertible Note
Valuation: $9,000,000

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