Lightning Clean
Early Stage
Making laundry hassle free.
Analytics
Raised: $85,317
Aggregate Commitments $
Platform
StartEngine
Start Date
04/28/2022
Close Date
07/26/2022
Min. Goal
$9,998
Max. Goal
$1,069,998
Min. Investment
$119
Security Type
Equity - Common
Funding Type
RegCF
Series
Pre-Seed
Price Per Share
$2.38
Pre-Money Valuation
$14,280,000
Rolling Commitments $
Status
Active
Reporting Date
05/26/2022
Days Remaining
61
% of Min. Goal
853%
% of Max. Goal
8%
Likelihood of Max
Avg. Daily Raise
$3,047
Momentum
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Location
Eagle, Idaho
Industry
Consumer Products, Goods & Services
Tech Sector
Hardwaretech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
High
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: 04/28/2022
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