New River Solar
Early Stage
Solar and energy storage project
Overview
Raised: $71,035
Total Commitments ($USD)
Platform
Andes Capital
Start Date
08/01/2023
Close Date
03/30/2024
Min. Goal
$50,000
Max. Goal
$1,681,000
Min. Investment
$500
Security Type
Equity - Common
Series
Pre-Seed
SEC Filing Type
RegCF
Price Per Share
$1.00
Rolling Commitments ($USD)
Status
Funded
Reporting Date
04/13/2024
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$295
# of Investors
31
Momentum
Funded
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Year Founded
2021
Industry
Energy, Power, & Natural Resources
Tech Sector
Cleantech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
High
New River Project is raising funds on Andes Capital. It is a utility-scale solar and energy storage project in development by Solariant Capital. The project is located at a 500 acres site in Bradford County, Florida, that began development in the second quarter of 2020 and is expected to complete in the fourth quarter of 2024. New River Project aims to generate over 200,000 MWh in the first year and bring about an annual carbon offset of more than 159,000 tons. Daniel Kim and Kevin Kohlstedt founded the New River Project in May 2021. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1.7 million. The campaign proceeds will be used for project management, project development, working capital, and loan repayment.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$0 |
$0 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$0 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$184,970 |
$130,218 |
|
Short-Term Debt |
$747,210 |
$332,917 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$747,210 |
$332,917 |
Financials as of: 08/01/2023
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