Paladin Power (2024)
About this raise
Paladin Power, with a valuation of $84.7 million, is raising funds on Wefunder. It is an energy storage solution provider that uses its proprietary system to power residences in the US. Paladin Power’s Energy Storage system (ESS) allows homeowners and small businesses to power their buildings with the system and use the centralized grid as backup. The Paladin Power ESS has a stackable battery bussing system and scalable inverters that do not require any wiring to add additional capacity. The business launched its products in 2023, with $1 million in sales in 2023 and $2 million in sales in 2024. Ted Thomas founded Paladin Power in April 2022. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1 million. The campaign proceeds will be used for manufacturing, software, R&D, legal and patents, marketing, and general and administrative expenses.
Investment Overview
Invested : $622,777
Deal Terms
Total Commitments
- Platform
- Wefunder
- Start Date
- 10/15/2024
- Close Date
- 12/19/2024
$50,000
$4,403,601
$100
Equity - Common
Growth Stage
RegCF
$0.75
$84,735,995
Company & Team
Company
- Year Founded
- 2022
- Industry
- Energy, Power, & Natural Resources
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Low
- Capital Intensity
- High
Financials
-
Revenue
-
$941,645
as of FY2023
- Monthly Burn
-
$225,993
as of Oct '24
-
Runway
-
0.3 months
as of Oct '24
- Gross Margin
-
38%
as of FY2023
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $7,931,135
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 04/30/2025 | Wefunder | $85,765,950 | $325,466 | Equity - Common | Active | RegCF |
| 12/19/2024 | Wefunder | $84,735,995 | $622,777 | Equity - Common | Funded | RegCF |
| 04/29/2024 | Wefunder | $67,000,000 | $630,999 | Equity - Common | Funded | RegCF |
| 10/04/2022 | Equifund | $19,250,000 | $5,000,000 | Equity - Common | Funded | RegCF |
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.