Powur

Growth Stage

Accelerating the adoption of sustainable energy

Analytics

Raised to Date: Raised: $3,558,736

Aggregate Commitments $

Platform

Wefunder

Start Date

08/13/2021

Close Date

09/03/2021

Min. Goal

$500,003

Max. Goal

$4,999,996

Min. Investment

$250

Security Type

Equity - Common

Funding Type

RegCF

Series

Series A

Pre-Money Valuation

$224,916,936

Rolling Commitments $

Status
Funded
Reporting Date

09/30/2021

Days Remaining
Funded
% of Min. Goal

712%

% of Max. Goal

71%

Likelihood of Max
Funded
Avg. Daily Raise

$169,464

Momentum
Funded
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Location

Carlsbad, California

Industry

Energy, Power, & Natural Resources

Tech Sector

Cleantech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

Low

Business Type

Growth

Powur, with a valuation of $225 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 $500,003 and a maximum target of $4,999,996. The campaign proceeds will be used to develop software applications to advance the scalability of Powur and advance operational initiatives for expanding internal services and automation.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$96,086,389

$8,419,929

COGS

$57,501,999

$3,779,270

Tax

$766,195

$0

 

 

Net Income

$4,795,255

$-229,515

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$18,556,007

$2,067,911

Accounts Receivable

$5,021,684

$1,072,886

Total Assets

$29,023,147

$3,749,211

Short-Term Debt

$22,049,884

$3,428,153

Long-Term Debt

$871,619

$18,637

Total Liabilities

$22,921,503

$3,446,790

Financials as of: 08/13/2021
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Powur on Wefunder 2021
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Platform: Wefunder
Security Type: Equity - Common
Valuation: $224,916,936

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