Innovus Power

Innovus Power

Innovus Power, with a valuation of $14.9 million, is raising funds on NetCapital. The company uses its proprietary GridGenius control system to offer on-site microgrid power systems. Innovus Power addresses current energy challenges and competes with centralized utility power in terms of cost, emissions reduction, and reliability. The unique technology of Innovus Power has been validated in the key markets and has demonstrated effectiveness and reliability in real-world applications. Marc Hoffman, Ian Copeland, and John Horton founded Innovus Power in June 2013. The current crowdfunding campaign has a minimum target of $10,000.05 and a maximum target of $1.2 million. The campaign proceeds will be used for product development, staffing, and design modeling.

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Investment Overview

Raised this Round: Raised: $22,887

Deal Terms

Total Commitments ($USD)

Platform
Netcapital
Start Date
10/16/2024
Close Date
04/01/2025
Min. Goal
$10,000
Max. Goal
$1,200,000
Min. Investment

$99

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$0.15

Pre-Money Valuation

$14,899,649

Company & Team

Company

Year Founded
2013
Industry
Energy, Power, & Natural Resources
Tech Sector
Cleantech
Distribution Model
B2B
Margin
Medium
Capital Intensity
High
Location
San Jose, California
Business Type
Growth
Company Website
Visit Website

Team

Employees
3
Prior Founder Exits?
No
Founder Name
Marc Hoffman
Title
CEO

Financials

as of Fiscal Year 2023
 Revenue -60.5% YoY
$80,775
 Monthly Burn
$29,565
 Runway
4 months

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$80,775

$204,585

COGS

$0

$59,867

Tax

$0

$0

 

 

Net Income

$-354,780

$-159,226

Summary Balance Sheet

FY 2023 FY 2022

Cash

$117,790

$31,314

Accounts Receivable

$0

$10

Total Assets

$972,394

$248,102

Short-Term Debt

$2,693,212

$2,977,826

Long-Term Debt

$0

$0

Total Liabilities

$2,693,212

$2,977,826

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$2,693,212
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/01/2025 Netcapital $14,899,649 $22,887 Equity - Common Active RegCF
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Add to portfolio
Innovus Power on NetCapital 2024
Platform: Netcapital
Security Type: Equity - Common
Valuation: $14,899,649
Price per Share: $0.15

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Follow Innovus Power on NetCapital 2024

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