About this raise: 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.

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Investment Overview

Invested this round: $1,273,982

Deal Terms

Total Commitments ($USD)

Platform
Wefunder
Start Date
04/21/2017
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

Company & Team

Company

Year Founded
2014
Industry
Energy, Power, & Natural Resources
Tech Sector
Cleantech
Location
Carlsbad, California
Company Website
Visit Website

Team

Employees
12

Financials

 Revenue
$0
 Monthly Burn
$48,425
 Runway
14.4 months

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

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
12/06/2024 Wefunder $100,043,590 $898,083 Equity - Common Funded RegCF
09/03/2021 Wefunder $224,916,936 $3,558,736 Equity - Common Funded RegCF
05/19/2017 Wefunder $7,000,000 $1,273,982 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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Powur on Wefunder 2017
Platform: Wefunder
Security Type: Equity - Common
Valuation: $7,000,000
Price per Share: $0.35

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