Libi Materials
Early Stage
Increasing the energy density of lithium-ion batteries 35-40% to extend the range of EV’s
Overview
Raised: $11,500
Total Commitments ($USD)
Platform
Raise Green
Start Date
09/17/2023
Close Date
12/04/2023
Min. Goal
$80,000
Max. Goal
$250,000
Min. Investment
$100
Security Type
SAFE
SEC Filing Type
RegCF
Valuation Cap
$20,000,000
Discount
20%
Rolling Commitments ($USD)
Status
Active
Reporting Date
09/30/2023
Days Remaining
65
% of Min. Goal
14%
% of Max. Goal
5%
Likelihood of Max
Avg. Daily Raise
$885
Momentum
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Year Founded
2020
Industry
Energy, Power, & Natural Resources
Tech Sector
Cleantech
Location
Tempe, Arizona
Libi Materials, with a valuation of $20 million, is raising funds on Raise Green. The company is increasing the energy density of lithium-ion batteries by 35-40% to extend the range of electric vehicles, reduce charging times, and lower battery costs. Libi Materials supplies over $1 million in equipment to the US Department of Energy’s National Renewable Energy Laboratory for their Silicon Consortium Project. David Pearce founded Libi Materials in April 2020. The current crowdfunding campaign has a minimum target of $80,000 and a maximum target of $250,000. The campaign proceeds will be used for legal expenses, accounting expenses, and additional engineering payroll costs.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$346,900 |
$169,499 |
|
COGS |
$152,168 |
$169,499 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-38,665 |
$-9,883 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$89,416 |
$343,958 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$239,455 |
$383,364 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 09/17/2023
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