Next Bolt

Next Bolt

About this raise

Next Bolt, with a valuation of $35.1 million, is raising funds on Wefunder. 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 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 minimum target of $250,000 and a maximum target of $5,000,000. The campaign proceeds will be used for scaling up battery production R&D, hiring new team members, marketing, and operations.

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Investment Overview

Invested this round: $4,999,999

Deal Terms

Total Commitments ($USD)

Platform
Wefunder
Start Date
02/14/2022
Close Date
09/30/2022
Min. Goal
$250,000
Max Goal
$5,000,000
Min. Investment

$250

Security Type

Equity - Preferred

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.94

Early Bird Valuation

$26,249,486

Pre-Money Valuation

$35,120,002

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
3
Prior Founder Exits?
Yes
Founder Name
Jason Adams
Title
CEO, President

Financials

 Revenue
$0
 Monthly Burn
$1,350
 Runway
24+ months

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-16,200

$-3,655

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$61,165

$36,345

Accounts Receivable

$0

$0

Total Assets

$101,165

$56,345

Short-Term Debt

$1,020

$0

Long-Term Debt

$60,000

$0

Total Liabilities

$61,020

$0

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
12/31/2024 DealMaker Securities $61,857,987 $543,666 Equity - Common Not 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 Wefunder 2022
Platform: Wefunder
Security Type: Equity - Preferred
Valuation: $35,120,002
Price per Share: $1.94

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

Next Bolt Deal Report

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