Overview

Raised to Date: Raised: $274,000

Deal Terms

Investment Momentum

Company Profile

Deal Summary

Financials

Total Commitments ($USD)

Platform

Cultivate Capital

Start Date

07/11/2023

Close Date

10/06/2023

Min. Goal

$100,000

Max. Goal

$1,235,000

Min. Investment

$1,000

Security Type

Equity - Common

Series

Pre-Seed

SEC Filing Type

RegCF    

Price Per Share

$1,000.00

Pre-Money Valuation

$16,000,000

Rolling Commitments ($USD)

Status

Funded

Reporting Date

10/30/2023

Days Remaining

Funded

% of Min. Goal

Funded

% of Max. Goal

Funded

Likelihood of Max

Funded

Avg. Daily Raise

$3,186

Momentum

Funded

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LUMA Solar

Year Founded

2008

Industry

Energy, Power, & Natural Resources

Tech Sector

Cleantech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

High

Location

ROCHESTER HILLS, Michigan

Business Type

Growth

Company Website

LUMA Solar, with a valuation of $16 million, is raising funds on Cultivate Capital. The company makes solar roofs designed for beautiful structures and forever homes. The solar roofs are made using patented systems developed as the first fully-integrated solar rooftop shingle system in North America. LUMA Solar solar shingle system is also exchangeable and upgradeable. Robert Allen and Gary Allen founded LUMA Solar in January 2008. The current crowdfunding campaign has a minimum target of $100,000 and a maximum target of $1.24 million. The campaign proceeds will be used for manufacturing equipment and personnel, installation staff and training, marketing and sales, cash reserve, and general and administrative expenses.

Summary Profit and Loss Statement

	FY 2022	FY 2021
Revenue	$1,046,855	$697,455
COGS	$690,051	$529,435
Tax	$327	$253
Net Income	$70,672	$12,342

Summary Balance Sheet

	FY 2022	FY 2021
Cash	$149,818	$50,109
Accounts Receivable	$139,109	$203,653
Total Assets	$860,225	$626,810
Short-Term Debt	$6,470	$1,752
Long-Term Debt	$249,672	$249,672
Total Liabilities	$256,142	$251,424

Financials as of: 07/11/2023

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Beyond Panels: Luma Solar's Elegant Approach to Green Energy

In a world increasingly conscious about clean energy and the beauty of homes, not all solar solutions are created equal. Robert Allen, the driving force behind Luma Solar, integrates aesthetics with function, crafting solar roofs that homeowners can be proud of. Stemming from a family legacy in roofing, Robert brings a unique blend of expertise, innovation, and a vision to redefine the solar industry. Dive in as we explore Luma Solar’s journey, its stand against giants like Tesla, and the future that Robert envisions for this company.

Read Founder Interview