MCARTech

MCARTech

Early Stage

Preventing costly industrial machinery failure with Asset Reliability solutions

Preventing costly industrial machinery failure with Asset Reliability solutions

Overview

Raised this Round: Raised: $114,752

Total Commitments ($USD)

Platform

Wefunder

Start Date

02/08/2023

Close Date

04/30/2023

Min. Goal
$100,000
Max. Goal
$1,235,000
Min. Investment

$100

Security Type

SAFE

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$5,000,000

Discount

0%

Year Founded

2017

Industry

Real Estate & Construction

Tech Sector

EnterpriseTech

Distribution Model

B2B

Margin

Medium

Capital Intensity

Low

Location

Munster, Indiana

Business Type

Growth

MCARTech, with a valuation of $5 million, is raising funds on Wefunder. The company provides asset reliability solutions to prevent the failure of costly industrial machinery. The business offers real-time remote monitoring and a predictive diagnostic system to ensure optimal performance of machinery and plant operations. MCARTech has completed proof-of-concept with three clients and signed contracts with two international manufacturing companies. Kumar R Chatterjee and Dr. Kanishka Aman Singh founded MCARTech in June 2017. 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 R&D for continued software improvements, corporate marketing, increased manpower, and working capital.

Summary Profit and Loss Statement

FY 2021 FY 2020

Revenue

$36,202

$85,048

COGS

$15,919

$337

Tax

$0

$0

 

 

Net Income

$-198,434

$-128,950

Summary Balance Sheet

FY 2021 FY 2020

Cash

$251,026

$157,802

Accounts Receivable

$7,910

$233

Total Assets

$260,789

$173,911

Short-Term Debt

$346,305

$60,993

Long-Term Debt

$0

$0

Total Liabilities

$346,305

$60,993

Financials as of: 02/08/2023
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MCARTech on Wefunder 2023
Platform: Wefunder
Security Type: SAFE
Valuation: $5,000,000

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