Paladin Power (2024)
About this raise
Paladin Power, with a valuation of $67 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 and has $1.2 million in sales to date. Ted Thomas founded Paladin Power in April 2022. The current crowdfunding campaign has a minimum target of $100,000 and a maximum target of $5 million. The campaign proceeds will be used for manufacturing, software, R&D, legal and patents, marketing, general and administrative expenses, and engagement with JABIL for large-scale manufacturing and work with PPA on volume sales.
Investment Overview
Invested : $630,999
Deal Terms
Total Commitments
- Platform
- Wefunder
- Start Date
- 03/11/2024
- Close Date
- 04/29/2024
$100,000
$5,000,000
$500
Equity - Common
Growth Stage
RegCF
$0.60
$67,000,000
Company & Team
Company
- Year Founded
- 2022
- Industry
- Energy, Power, & Natural Resources
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Medium
- Capital Intensity
- High
Financials
-
Revenue
-
$618,000
as of FY2022
- Monthly Burn
-
$40,441
as of FY2022
-
Runway
-
2.2 months
as of
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $7,334,737
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 05/01/2025 | Wefunder | $85,765,950 | $490,062 | Equity - Common | Funded | 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.
Employee History
Company Updates
In this company update, we look at Paladin Power announcing a new crowdfunding round on Wefunder at a $67M valuation, reflecting on the company’s strong revenue growth and partnerships.