LUMA Solar

LUMA Solar

Growth Stage

Luxury Solar Roofs

Luxury Solar Roofs

Overview

Raised this Round: Raised: $274,000

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    Open SEC Filing

Price Per Share

$1,000.00

Pre-Money Valuation

$16,000,000

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

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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LUMA Solar on Cultivate Capital 2023
Platform: Cultivate Capital
Security Type: Equity - Common
Valuation: $16,000,000
Price per Share: $1.00

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