Lightning Clean

Lightning Clean

Early Stage

Making laundry hassle free.

Making laundry hassle free.

Overview

Raised to Date: Raised: $106,396

Total Commitments ($USD)

Platform

StartEngine

Start Date

04/27/2022

Close Date

08/25/2022

Min. Goal
$9,998
Max. Goal
$1,069,998
Min. Investment

$119

Security Type

Equity - Common

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$2.38

Pre-Money Valuation

$14,280,000

Rolling Commitments ($USD)

Status
Funded
Reporting Date

08/30/2022

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

$894

# of Investors

133

Momentum
Funded
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Year Founded

2022

Industry

Consumer Products, Goods & Services

Tech Sector

Hardwaretech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

High

Location

Eagle, Idaho

Business Type

Growth

Lightning Clean, with a valuation of $14.3 million, is raising funds on StartEngine. The company is developing an all-in-one washing machine utilizing cutting-edge technology and a compact design. The washing machine, Lightning One, uses Detergent Osmosis and high-torque technology and is capable of a 10-minute wash and 20-minute drying cycle. Lightning Clean’s product is in the prototype phase of development and aims to fit the needs of modern homeowners. Ethan Blount founded Lightning Clean in February 2022. The current crowdfunding campaign has a minimum target of $9,998.38 and a maximum target of $1,069,998.02. The campaign proceeds will be used for extensive tooling, staffing for distribution and operations, and legal fees for patents and IP protection.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-137,469

$-20,000

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$9

$10

Accounts Receivable

$0

$0

Total Assets

$19,319

$1,067

Short-Term Debt

$84,409

$20,000

Long-Term Debt

$0

$0

Total Liabilities

$84,409

$20,000

Financials as of: 04/27/2022
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Lightning Clean on StartEngine 2022
Platform: StartEngine
Security Type: Equity - Common
Valuation: $14,280,000
Price per Share: $2.38

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