Paladin Power

Paladin Power

Growth Stage

Paladin Power is the next generation energy storage system (ESS)

Paladin Power is the next generation energy storage system (ESS)

Overview

Raised to Date: Raised: $423,549

Total Commitments ($USD)

Platform

Wefunder

Start Date

03/10/2024

Close Date

04/28/2024

Min. Goal
$100,000
Max. Goal
$5,000,000
Min. Investment

$500

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$0.60

Pre-Money Valuation

$67,000,000

Rolling Commitments ($USD)

Status

Active

Reporting Date

04/15/2024

Days Remaining

13

% of Min. Goal

424%

% of Max. Goal

8%

Likelihood of Max
unlikely
Avg. Daily Raise

$11,765

# of Investors

228

Momentum
cool.svg
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Year Founded

2022

Industry

Energy, Power, & Natural Resources

Tech Sector

Cleantech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

High

Location

Perris, California

Business Type

Growth

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.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-2,239,412

$0

Summary Balance Sheet

FY 2022 FY 2021

Cash

$1,302,009

$0

Accounts Receivable

$0

$0

Total Assets

$4,123,053

$0

Short-Term Debt

$451,913

$0

Long-Term Debt

$0

$0

Total Liabilities

$451,913

$0

Financials as of: 03/10/2024
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Paladin Power 04/28/2024 Wefunder $67,000,000 $423,549 Equity - Common Active RegCF
Paladin Power 10/03/2022 Equifund $19,250,000 $5,000,000 Equity - Common Funded RegCF
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Price per Share History

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

Valuation History

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.

Employee History

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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.

View Company Update

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Paladin Power on Wefunder 2024
Platform: Wefunder
Security Type: Equity - Common
Valuation: $67,000,000
Price per Share: $0.60

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