Power Hero

[Closed for Investment] Power Hero, with a valuation of $17.02 million, is raising funds on NetCapital. It is a clean energy company that is bringing EV charging solutions to over 100 million apartment residents. Power Hero’s patented and innovative technology has been used to create PowerPac that can get up to 100 miles of charging range overnight, and its Cameo aims to network the EV charging grid and bring it to the public. The company has secured three pilots in the largest counties in California and has partnered with Verizon, opening access to 28 million business customers. 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 $59,390. The campaign proceeds will be used for product development.

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Investment Overview

Raised this Round: Raised: $208,974

Deal Terms

Total Commitments ($USD)

Platform
Netcapital
Start Date
04/15/2024
Close Date
10/28/2024
Min. Goal
$10,000
Max. Goal
$1,000,000
Min. Investment

$500

Security Type

Equity - Common

Series

Series A

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.00

Pre-Money Valuation

$17,029,813

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
CEO
Founder Name
Rob Kent
Title
CMO

Financials

as of Fiscal Year 2023
 Revenue
$0
 Monthly Burn
$20,000
 Runway
5.4 months

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-497,063

$-299,655

Summary Balance Sheet

FY 2023 FY 2022

Cash

$107,046

$18,482

Accounts Receivable

$0

$0

Total Assets

$381,964

$208,256

Short-Term Debt

$214,653

$482,728

Long-Term Debt

$157,606

$172,833

Total Liabilities

$372,259

$655,561

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$1,055,048
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
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 2024
Platform: Netcapital
Security Type: Equity - Common
Valuation: $17,029,813
Price per Share: $1.00

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Follow Power Hero on NetCapital 2024

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

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