Lightning Clean

Early Stage

Making laundry hassle free.

Analytics

Raised to Date: 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
unlikely
Avg. Daily Raise

$3,047

Momentum
cold.svg
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Location

Eagle, Idaho

Industry

Consumer Products, Goods & Services

Tech Sector

Hardwaretech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

High

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: 04/28/2022
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Lightning Clean on StartEngine 2022
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Platform: StartEngine
Security Type: Equity - Common
Valuation: $14,280,000

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