Power Hero (2023)

About this raise

Power Hero, with a valuation of $14.8 million, is raising funds on NetCapital. It is a clean energy company that is bringing EV charging solutions to over 100 million apartment residents. The patented and innovative technology of Power Hero has been used to create PowerPac that can get up to 100 miles of charging range overnight, and Power Hero’s Cameo aims to network the EV charging grid and bring it to the public. Esmond Goei and Rob Kent founded Power Hero in January 2017. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $614,000. The campaign proceeds will be used for product development, hiring and payroll, and general and administrative expenses.

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Investment Overview

Invested this round: $561,010

Deal Terms

Total Commitments

Platform
Netcapital
Start Date
02/22/2023
Close Date
11/17/2023
Min. Goal
$10,000
Max Goal
$614,000
Min. Investment

$100

Security Type

Equity - Common

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.00

Pre-Money Valuation

$14,799,144

Company & Team

Company

Year Founded
2017
Industry
Transportation, Automotive, Aviation, & Aerospace
Tech Sector
Cleantech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
High
Location
La Verne, California
Business Type
Growth
Company Website
Visit Website

Team

Employees
8
Prior Founder Exits?
Yes
Founder Name
Esmond Goei
Title
CTO
Founder Name
Rob Kent
Title
CMO

Financials

 Revenue
$0
as of FY2022
 Monthly Burn
$20,782
as of FY2022
 Runway
0.9 months
as of FY2022

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$0

$0

COGS

$0

$0

Tax

$450

$450

 

 

Net Income

$-249,387

$-196,374

Summary Balance Sheet

FY 2022 FY 2021

Cash

$18,482

$96,213

Accounts Receivable

$0

$0

Total Assets

$177,040

$198,318

Short-Term Debt

$0

$0

Long-Term Debt

$585,687

$489,687

Total Liabilities

$585,687

$489,687

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$24,000
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
06/07/2025 Netcapital $17,314,622 $26,489 Equity - Common Funded RegCF
10/28/2024 Netcapital $17,029,813 $208,974 Equity - Common Funded RegCF
11/17/2023 Netcapital $14,799,144 $561,010 Equity - Common Funded RegCF
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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

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Add to portfolio
Power Hero on NetCapital 2023
Platform: Netcapital
Security Type: Equity - Common
Valuation: $14,799,144
Price per Share: $1.00

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Follow Power Hero on NetCapital 2023

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

Power Hero Deal Report

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