Overview
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
$5
Security Type
Debt
Series
Pre-Seed
SEC Filing Type
RegCF
Interest Rate
10.00%
Term Length
3.0 years
Rolling Commitments ($USD)
Status
Active
Reporting Date
12/07/2023
Days Remaining
48
% of Min. Goal
130%
% of Max. Goal
50%
Likelihood of Max
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
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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