LPPFusion

LPPFusion

Growth Stage

Green Fusion Energy Generator: the power of the sun recreated on Earth

Green Fusion Energy Generator: the power of the sun recreated on Earth

Overview

Raised to Date: Raised: $615,750

Total Commitments ($USD)

Platform

Wefunder

Start Date

03/04/2021

Close Date

08/15/2021

Min. Goal
$200,100
Max. Goal
$1,069,950
Min. Investment

$150

Security Type

Equity - Common

Series

Series A

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$150.00

Pre-Money Valuation

$49,000,000

Rolling Commitments ($USD)

Status
Funded
Reporting Date

08/30/2021

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

$3,778

# of Investors

779

Momentum
Funded
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Year Founded

2003

Industry

Energy, Power, & Natural Resources

Tech Sector

Cleantech

Distribution Model

B2B

Margin

Medium

Capital Intensity

High

Location

LAWRENCEVILLE PLASMA PHYSICS, INC., New Jersey

Business Type

Growth

Company Website

LPP Fusion, with a pre-money valuation of $49 million, is raising crowdfunding on Wefunder. The company is developing the densest form of fusion energy which is recreating the power of the Sun on the Earth. The fusion being developed by LPP Fusion is focused, safe, clean, and cheap. Eric J. Lerner and Rudolph Fritsch founded LPP Fusion in 2003. The proceeds of the current crowdfunding campaign, with a minimum raise of $200,100 and a maximum raise of $1,069,950, will be used to finance the next four months of research, purchase lab space and equipment, and initiate testing of the hydrogen-boron fuel. LPP Fusion has reported the highest fusion energy output per unit energy input compared to any private fusion experiment.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$74,384

$229,983

COGS

$0

$0

Tax

$128

$500

 

 

Net Income

$-737,056

$-586,228

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$246,004

$59,323

Accounts Receivable

$0

$0

Total Assets

$624,019

$420,385

Short-Term Debt

$247,480

$104,425

Long-Term Debt

$0

$0

Total Liabilities

$247,480

$104,425
Financials as of: 03/04/2021
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
LPPFusion 06/30/2024 Wefunder $74,300,000 $100,911 Equity - Common Active RegCF
LPPFusion 12/14/2023 Wefunder $67,920,000 $477,859 Equity - Common Funded RegCF
LPPFusion 12/08/2022 Wefunder $68,753,200 $311,759 Equity - Common Funded RegCF
LPPFusion 08/14/2021 Wefunder $49,000,000 $615,750 Equity - Common Funded RegCF
LPPFusion 02/28/2020 Wefunder $49,000,000 $575,750 Equity - Common Funded RegCF
LPPFusion 04/29/2018 Wefunder $37,525,500 $996,250 Equity - Common Funded RegCF
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Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Valuation History

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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LPP Fusion on Wefunder
Platform: Wefunder
Security Type: Equity - Common
Valuation: $49,000,000
Price per Share: $150.00

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