infiniRel
Early Stage
TECHNOLOGY TO ASSURE THE FUTURE OF RENEWABLE ENERGY
Analytics
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
Avg. Daily Raise
$146
Momentum
Create a free account today to gain access to KingsCrowd analytics.
Location
Santa Cruz, California
Industry
Energy, Power, & Natural Resources
Tech Sector
Hardwaretech
Distribution Model
B2B
Margin
Medium
Capital Intensity
High
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
Create a free account today to gain access to KingsCrowd analytics.
Upgrade to gain access
Pay Monthly
Annually (Save 17%)
-
$12.42 /month
billed annually - Free portfolio tracking and KingsCrowd's quantitative ratings on all raises.
- Plan Includes:
- Everything in Free, plus
- Company specific
KingsCrowd ratings (excluding risk)
- Advanced company search ( with ratings)
- Markets page filters and historical industry data
- Get Edge Annual
Edge
-
$41.58 /month
billed annually - Full site access including KingsCrowd's qualitative analyst reports.
- Plan Includes:
- Everything in Edge, plus
- Full access to detailed Analyst Reports (e.g. Top Deal, Deal to Watch, Neutral, and Underweight)
- Search and filter based on Analyst Reports
- In-depth risk ratings for every raise
- Get Edge Pro Annual
Edge Pro
Already a member? Log in here.
Ratings 
