About this raise

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.

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Investment Overview

Invested this round: $310,000

Deal Terms

Total Commitments

Platform
Climatize
Start Date
10/27/2023
Close Date
12/29/2023
Min. Goal
$120,000
Max Goal
$310,000
Min. Investment

$5

Security Type

Debt

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

10.00%

Term Length

3.0 years

Company & Team

Company

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
Company Website
Visit Website

Team

Employees
3
Prior Founder Exits?
No
Founder Name
John Carey
Title
CEO
Founder Name
Lester Crafton
Title
Chief Strategy Officer
Founder Name
Chris Snodgrass
Title
COO

Financials

 Revenue
$0
 Cash on Hand
$500,037

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

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
No
Offering Name Close Date Platform Valuation Total Raised Security Type Status Reg Type
Solar for Liberty Hill Farms 06/27/2024 Climatize - $980,000 Debt Funded RegCF
Countryside Solar Portfolio 05/04/2024 Climatize - $885,000 Debt Funded RegCF
La Finca’s Solar Energy Project 04/19/2024 Climatize - $100,000 Debt Funded RegCF
Solar for Debra’s Family Farm 03/29/2024 Climatize - $29,965 Debt Funded RegCF
Solar Harvest for Howle Farms 03/14/2024 Climatize - $309,200 Debt Funded RegCF
Shifting Gears to Solar 03/04/2024 Climatize - $144,400 Debt Funded RegCF
Light Up Rural America 12/29/2023 Climatize - $310,000 Debt Funded RegCF
Solar Resilience for Farmer’s Hardware 12/23/2023 Climatize - $264,100 Debt Funded RegCF
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Growth Charts

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Employee History

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Light Up Rural America on Climatize 2023
Platform: Climatize
Security Type: Debt

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Warning: according to the close date for this deal, Light Up Rural America may no longer be accepting investments.

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