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 this Round: Raised: $311,759

Total Commitments ($USD)

Platform

Wefunder

Start Date

07/03/2022

Close Date

12/09/2022

Min. Goal
$200,000
Max. Goal
$4,000,000
Min. Investment

$200

Security Type

Equity - Common

Series

Series A

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$200.00

Pre-Money Valuation

$68,753,200

Year Founded

2003

Industry

Energy, Power, & Natural Resources

Tech Sector

Cleantech

Distribution Model

B2B

Margin

Low

Capital Intensity

High

Location

LAWRENCEVILLE PLASMA PHYSICS, INC., New Jersey

Business Type

Growth

LPP Fusion, with a valuation of $68.8 million, is raising funds 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. LPP Fusion has reported the highest fusion energy output per unit energy input compared to any private fusion experiment. Eric J. Lerner and Rudolph Fritsch founded LPP Fusion in 2003. The current crowdfunding campaign has a minimum target of $200,000 and a maximum target of $4,000,000. The campaign proceeds will be used for personnel, new equipment, operating expenses, engineering development, and reserves.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$2,432

$1,125

 

 

Net Income

$-702,312

$-737,056

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$254,143

$246,004

Accounts Receivable

$0

$0

Total Assets

$651,669

$624,019

Short-Term Debt

$11,989

$247,480

Long-Term Debt

$0

$0

Total Liabilities

$11,989

$247,480

Financials as of: 07/03/2022
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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 $165,139 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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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.

Valuation History

Price per Share History

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

Employee History

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LPPFusion on Wefunder 2022
Platform: Wefunder
Security Type: Equity - Common
Valuation: $68,753,200
Price per Share: $200.00

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