NearStar Fusion
Early Stage
Resilient Clean Energy
Overview
Raised: $135,647
Total Commitments ($USD)
Platform
StartEngine
Start Date
03/01/2022
Close Date
06/17/2022
Min. Goal
$10,000
Max. Goal
$1,070,000
Min. Investment
$300
Security Type
Equity - Common
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$10.00
Pre-Money Valuation
$11,000,000
Rolling Commitments ($USD)
Status
Funded
Reporting Date
06/29/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,268
# of Investors
163
Momentum
Funded
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Year Founded
2021
Industry
Energy, Power, & Natural Resources
Tech Sector
Cleantech
Distribution Model
B2B
Margin
Low
Capital Intensity
High
NearStar Fusion, with a valuation of $11 million, is raising funds on StartEngine. The company is working on developing a commercial fusion power plant design to create a limitless supply of clean energy for the planet. The physicists and engineers at NearStar Fusion are working on developing Hypervelocity Gradient Field Fusion as the less expensive approach to fusion by 2032. Dr. F. Douglas Witherspoon and Christopher J. Faranetta founded NearStar Fusion in April 2021. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1,070,000. The campaign proceeds will be used for building and testing the prototype and beginning the commercial production of the hypervelocity launcher.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-87,160 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$44,316 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$224,316 |
$0 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 03/01/2022
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