LUMA Solar
[Closed for Investment] 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.
Investment Overview
Raised: $274,000
Deal Terms
Total Commitments ($USD)
- Platform
- Cultivate Capital
- Start Date
- 07/12/2023
- Close Date
- 10/06/2023
$100,000
$1,235,000
$1,000
Equity - Common
Pre-Seed
RegCF
$1,000.00
$16,000,000
Company & Team
Company
- Year Founded
- 2008
- Industry
- Energy, Power, & Natural Resources
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Low
- Capital Intensity
- High
Financials
- Revenue +50% YoY
- $1,046,855
- Monthly Burn
- Profitable
- Cash on Hand
- $149,818
- Gross Margin
- 34%
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $0
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 10/06/2023 | Cultivate Capital | $16,000,000 | $274,000 | Equity - Common | Funded | RegCF |
Founder Profile
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.