Palm Energy Systems
Early Stage
Game-changer in Green Technology: Developing transformative solar energy devices
Overview
Raised: $110,824
Total Commitments ($USD)
Platform
Wefunder
Start Date
09/16/2021
Close Date
01/25/2022
Min. Goal
$50,000
Max. Goal
$267,500
Min. Investment
$100
Security Type
SAFE
Series
Pre-Seed
SEC Filing Type
RegCF
Early Bird Val. Cap
$4,000,000
Valuation Cap
$5,000,000
Discount
20%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
01/30/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$852
# of Investors
114
Momentum
Funded
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Year Founded
2020
Industry
Energy, Power, & Natural Resources
Tech Sector
Cleantech
Distribution Model
B2B
Margin
Low
Capital Intensity
High
Palm Energy Systems, with a valuation of $5 million, is raising funds on Wefunder. The company is developing revolutionary solar energy devices with its Palm-e. Palm-e has an aesthetically pleasing design, high efficiency, high power output, and a high level of intelligence. Palm Energy Systems aims to reduce carbon footprint by more than 21,000 pounds of carbon dioxide per year. Rajiv Narain and Francois Mahu founded Palm Energy Systems in May 2020. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $267,500. The campaign proceeds will be used for operational expenses, building a working prototype, and marketing expenses.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-17,658 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$22,692 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$22,692 |
$0 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 09/16/2021
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