Light Up Rural America

Light Up Rural America

Clean Energy

Clean Energy

Overview

Raised to Date: Raised: $155,500

Total Commitments ($USD)

Platform

Climatize

Start Date

10/27/2023

Close Date

01/24/2024

Min. Goal
$120,000
Max. Goal
$310,000
Min. Investment

$5

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

10.00%

Term Length

3.0 years

Rolling Commitments ($USD)

Status

Active

Reporting Date

12/07/2023

Days Remaining

48

% of Min. Goal

130%

% of Max. Goal

50%

Likelihood of Max
likely
Avg. Daily Raise

$3,793

# of Investors

31

Momentum
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Year Founded

2023

Industry

Energy, Power, & Natural Resources

Tech Sector

Cleantech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

High

Location

Cedar Grove, North Carolina

Business Type

High Growth

Light Up Rural America is raising funds on Climatize. The company manages construction projects, including over 100 solar installations. Light Up Rural America is seeking investment for three solar and storage projects that have applied for the US Department of Agriculture Rural Energy for America Program. The energy production by these projects will avoid 2,838 metric tons of carbon dioxide equivalent and will provide sustainable and renewable energy. John Carey, Lester Crafton, and Chris Snodgrass founded Light Up Rural America in May 2023. The current crowdfunding campaign has a minimum target of $120,000 and a maximum target of $310,000. The campaign proceeds will be used to fund the three solar and storage projects.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$0

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$500,037

$0

Accounts Receivable

$0

$0

Total Assets

$500,037

$0

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

Financials as of: 10/27/2023
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Solar Resilience for Farmer’s Hardware 02/27/2024 Climatize - $2,355 Debt Active RegCF
Light Up Rural America 01/24/2024 Climatize - $155,500 Debt Active RegCF
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Light Up Rural America on Climatize 2023
Platform: Climatize
Security Type: Debt

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