About this raise: 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.

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Investment Overview

Invested this round: $3,558,736

Deal Terms

Total Commitments ($USD)

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

Series

Series A

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$9.59

Pre-Money Valuation

$224,916,936

Company & Team

Company

Year Founded
2014
Industry
Energy, Power, & Natural Resources
Tech Sector
Cleantech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
Location
Carlsbad, California
Business Type
Growth
Company Website
Visit Website

Team

Employees
21
Prior Founder Exits?
No
Founder Name
Jonathan Budd
Title
Founder, CEO

Financials

 Revenue +1,041% YoY
$96,086,389
 Monthly Burn
Profitable
 Cash on Hand
$18,556,007
Gross Margin
40%

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

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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 2021
Platform: Wefunder
Security Type: Equity - Common
Valuation: $224,916,936
Price per Share: $9.59

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