Power Panel
About this raise
Power Panel, with a pre-money valuation of $7.02 million, is raising crowdfunding on Wefunder. The company has developed its patented PVT technology which is the future of energy. The technology is hybrid solar thermal and captures the solar energy for both generating electricity and heating water. Rob Kornahrens and Garth Schultz founded Power Panel in November 2016. The proceeds of the current crowdfunding round, with a minimum raise of $50,000 and a maximum raise of $1,070,000, will be used towards management team salaries, sales and marketing, operating overhead, and general working capital needs. The Power Panel product has over ten years of research behind it and is ready for market. The business has projected annual revenue of $20 million by 2025.
Investment Overview
Invested $247,519 :
Deal Terms
Company & Team
Company
- Year Founded
- 2016
- Industry
- Energy, Power, & Natural Resources
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Medium
- Capital Intensity
- High
Financials
- Revenue -96.2% YoY
- $7,030
- Monthly Burn
- $36,828
-
Runway
- 0.6 months
- Gross Margin
- 47%
Upgrade to gain access
-
$12.50 /month
billed annually - Free portfolio tracking, data-driven ratings, AI analysis and reports
- Plan Includes:
- Everything in Free, plus
- Company specific
Kingscrowd ratings and analyst reports
- Deal explorer and side-by-side comparison
- Startup exit and failure tracking
- Startup market filters and historical industry data
- Advanced company search ( with ratings)
- Get Edge Annual
Edge
Company Funding & Growth
Funding history
Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
---|---|---|---|---|---|---|
01/18/2023 | Wefunder | $7,015,000 | $247,519 | Equity - Common | Funded | RegCF |