OffGridBox

OffGridBox

Closed: Apr. 2024

About this raise

OffGridBox, with a valuation of $11.5 million, is raising funds on NetCapital. It is an energy and water company that makes reliable and rugged products. OffGridBox manufactures and installs solar power and clean water modules that allow customers to be resilient amidst climate change. The products of OffGridBox include a clean water module called CHIARA, a power module called FLEX, a containerized unit called PIONEER, and a small integrated unit called MINI. Jodie Wu founded OffGridBox in October 2016. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1.2 million. The campaign proceeds will be used for R&D, sales and marketing, operations and logistics, and general and administrative expenses.

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Investment Overview

Invested this round: $15,123

Deal Terms

Total Commitments

Platform
Netcapital
Start Date
01/18/2024
Close Date
04/26/2024
Min. Goal
$10,000
Max Goal
$1,200,000
Min. Investment

$99

Security Type

Equity - Common

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.00

Pre-Money Valuation

$11,477,740

Company & Team

Company

Year Founded
2016
Industry
Energy, Power, & Natural Resources
Tech Sector
Cleantech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
Low
Location
Cambridge, Massachusetts
Business Type
Growth
Company Website
Visit Website

Team

Employees
4
Prior Founder Exits?
No
Founder Name
Emiliano Cecchini
Title
CTO
Founder Name
David Bonsignore
Title
COO

Financials

 Revenue -69% YoY
$133,886
as of FY2022
 Monthly Burn
$3,863
as of FY2022
 Runway
9.4 months
as of FY2022
 Gross Margin
55%
as of FY2022

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$133,886

$431,793

COGS

$60,595

$229,003

Tax

$0

$0

 

 

Net Income

$-46,353

$95,962

Summary Balance Sheet

FY 2022 FY 2021

Cash

$36,314

$51,513

Accounts Receivable

$22,481

$188,491

Total Assets

$404,158

$801,799

Short-Term Debt

$0

$0

Long-Term Debt

$733,824

$682,661

Total Liabilities

$733,824

$682,661

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/26/2024 Netcapital $11,477,740 $15,123 Equity - Common Funded RegCF
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Add to portfolio
OffGridBox on NetCapital 2024
Platform: Netcapital
Security Type: Equity - Common
Valuation: $11,477,740
Price per Share: $1.00

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Follow OffGridBox on NetCapital 2024

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

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