Next Bolt (2024)

Next Bolt (2024)

About this raise

Next Bolt is raising funds through Reg A+ crowdfunding with Dealmaker Securities as the Broker-Dealer. The company is developing the first affordable home energy storage battery. The battery will be sold for as low as $100 a month and will work great for clean energy storage. Next Bolt battery will pull and store energy during the non-peak hours, and the stored electricity can be used during peak hours. The battery is expected to be perfect for powering homes, commercial, the solar industry, and electric vehicle charging. Jason Adams founded Next Bolt in August 2019. The current crowdfunding campaign has a maximum target of $75 million. The campaign proceeds will be used for product development, engineering, production, customer experience and support, fulfillment marketing, sales, and general and administrative expenses.

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Investment Overview

Invested this round: $543,666

Deal Terms

Total Commitments

Platform
DealMaker Securities
Start Date
08/18/2023
Close Date
12/31/2024
Min. Goal
$150
Max Goal
$75,000,000
Min. Investment

$150

Security Type

Equity - Common

Company Stage

Growth Stage

SEC Filing Type

RegA+    Open SEC Filing

Price Per Share

$3.00

Pre-Money Valuation

$61,857,987

Company & Team

Company

Year Founded
2019
Industry
Energy, Power, & Natural Resources
Tech Sector
Cleantech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
High
Location
San Francisco, California
Business Type
Growth
Company Website
Visit Website

Team

Employees
2
Prior Founder Exits?
Yes
Founder Name
Jason Adams
Title
CEO, President

Financials

 Revenue
$0
 Monthly Burn
$152,324
 Runway
18 months

Balance Sheet

Cash and Cash Equivalents

$2,740,942

Investment Securities

$0

Accounts and Notes Receivable

$0

Property, Plant and Equipment (PP&E)

$0

Property and Equipment

$0

Total Assets

$2,747,575

Accounts Payable & Accrued Liabilities

$8,404

Long Term Debt

$0

Total Liabilities

$8,404

Total Stockholders' Equity

$2,739,170

Total Liabilities and Equity

$2,747,575

Statement of Comprehensive Income Information

Total Revenues

$0

Costs & Expenses Applicable to Rev

$0

Depreciation and Amortization

$0

Net Income

$-1,827,885

Earnings Per Share - Basic

$-0.10

Earnings Per Share - Diluted

$-0.10

Auditor: Artesian CPA, LLC
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Company Funding & Growth

Funding history

Total Prior Capital Raised
$5,000,000
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
12/31/2024 DealMaker Securities $61,857,987 $543,666 Equity - Common Funded RegA+
09/30/2022 Wefunder $35,120,002 $4,999,999 Equity - Preferred Funded RegCF
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Growth Charts

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

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Add to portfolio
Next Bolt on Dealmaker Securities 2023
Platform: DealMaker Securities
Security Type: Equity - Common
Valuation: $61,857,987
Price per Share: $3.00

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Warning: according to the close date for this deal, Next Bolt may no longer be accepting investments.

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