infiniRel
Early Stage
TECHNOLOGY TO ASSURE THE FUTURE OF RENEWABLE ENERGY
Overview
Raised: $178,490
Total Commitments ($USD)
Platform
Wefunder
Start Date
03/16/2022
Close Date
10/28/2022
Min. Goal
$50,000
Max. Goal
$1,000,000
Min. Investment
$100
Security Type
Convertible Note
Series
Seed
SEC Filing Type
RegCF
Early Bird Val. Cap
$7,200,000
Valuation Cap
$9,000,000
Discount
20%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
10/30/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$793
# of Investors
66
Momentum
Funded
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Year Founded
2009
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: 03/16/2022
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