Powur

Powur

Early Stage

Accelerating the adoption of sustainable energy

Accelerating the adoption of sustainable energy

Overview

Raised to Date: Raised: $1,273,982

Total Commitments ($USD)

Platform

Wefunder

Start Date

04/20/2017

Close Date

05/19/2017

Min. Goal
$200,000
Max. Goal
$1,070,000
Min. Investment

$100

Security Type

Equity - Common

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$0.35

Pre-Money Valuation

$7,000,000

Rolling Commitments ($USD)

Status
Funded
Reporting Date

05/30/2017

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$45,499

# of Investors

606

Momentum
Funded
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Year Founded

2014

Industry

Energy, Power, & Natural Resources

Tech Sector

Cleantech

Location

Carlsbad, California

Company Website

Powur, with a valuation of $7 million, is raising funds on Wefunder. It is a solar company in the cloud that aims to provide sustainable essential services at low costs. The technology will be used in storage, energy, food, water, materials, transportation, and housing. Powur reported a 1,000% year-over-year revenue growth in 2020 and generated a revenue of $96 million. The current crowdfunding campaign has a minimum target of $200,000 and a maximum target of $1,070,000. The campaign proceeds will be used for technology development, marketing, and hiring.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$1,407,214

$224,831

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-581,094

$-1,234,191

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$697,308

$303,379

Accounts Receivable

$63,900

$0

Total Assets

$798,753

$311,395

Short-Term Debt

$22,061

$1,877

Long-Term Debt

$70,062

$0

Total Liabilities

$92,123

$1,877
Financials as of: 04/20/2017
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Powur 09/02/2021 Wefunder $224,916,936 $3,558,736 Equity - Common Funded RegCF
Powur 05/18/2017 Wefunder $7,000,000 $1,273,982 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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Powur on Wefunder 2017
Platform: Wefunder
Security Type: Equity - Common
Valuation: $7,000,000
Price per Share: $0.35

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