Joule Case

Joule Case

Growth Stage

Events come back greener with patented, portable energy from Joule Case

Events come back greener with patented, portable energy from Joule Case

Overview

Raised to Date: Raised: $1,212,272

Total Commitments ($USD)

Platform

Wefunder

Start Date

11/13/2022

Close Date

02/06/2023

Min. Goal
$250,001
Max. Goal
$3,753,000
Min. Investment

$100

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$2.04

Early Bird Valuation

$31,196,727

Pre-Money Valuation

$34,967,760

Rolling Commitments ($USD)

Status
Funded
Reporting Date

02/27/2023

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$14,262

# of Investors

2,091

Momentum
Funded
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Year Founded

2018

Industry

Energy, Power, & Natural Resources

Tech Sector

Cleantech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

High

Location

Seattle, Washington

Business Type

Growth

Joule Case, with a valuation of $34.97 million, is raising funds on Wefunder. The company has developed a patented technology to provide portable and scalable power to the event-power industry. The power technology of Joule Case is green, clean, highly functional, and economical. Joule Case powers big music festivals, including Burning Man and EDC, and has generated $1.8 million in sales since its inception, with a 200% year-over-year growth rate. James Wagoner founded Joule Case in January 2018. The current crowdfunding campaign has a minimum target of $250,000 and a maximum target of $3.75 million. The campaign proceeds will be used for manufacturing, sales, R&D, and marketing.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$284,275

$158,940

COGS

$194,043

$107,206

Tax

$3,808

$196

 

 

Net Income

$-1,887,104

$-874,588

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$-3,424

$88,923

Accounts Receivable

$17,149

$789

Total Assets

$879,462

$1,094,349

Short-Term Debt

$2,134,809

$1,614,603

Long-Term Debt

$394,249

$888,030

Total Liabilities

$2,529,058

$2,502,633

Financials as of: 11/13/2022
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Joule Case 02/06/2023 Wefunder $34,967,760 $1,212,272 Equity - Common Funded RegCF
Joule Case 04/21/2022 Wefunder $29,922,109 $997,379 Equity - Common Funded RegCF
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The most common method for short-term energy storage is the lithium-ion battery. There are so many lithium-ion battery startups on the market that it’s hard to keep up. But Joule Case is different from most of the solutions I’ve encountered. 

Its batteries are portable, stackable, and range in size from small 500-watt batteries to container-sized 540-kilowatt batteries. They can be charged with solar panels — which most customers do — or just plugged into the grid. Joule Case’s batteries are separable from the plug and buttons, so customers can connect them together like Legos depending on their needs, using more batteries for more energy. Joule Case’s modular and portable features are a distinctive — and patented — technological advantage over alternative solutions. 

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Joule Case on Wefunder 2022
Platform: Wefunder
Security Type: Equity - Common
Valuation: $34,967,760
Price per Share: $2.04

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