Prime Lightworks

Prime Lightworks

Early Stage

Renewable Electric Propulsion

Renewable Electric Propulsion

Overview

Raised to Date: Raised: $23,954

Total Commitments ($USD)

Platform

StartEngine

Start Date

02/12/2023

Close Date

04/11/2023

Min. Goal
$10,001
Max. Goal
$3,929,998
Min. Investment

$249

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$3.28

Pre-Money Valuation

$19,640,732

Rolling Commitments ($USD)

Status
Funded
Reporting Date

04/29/2023

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

$420

# of Investors

37

Momentum
Funded
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Year Founded

2015

Industry

Transportation, Automotive, Aviation, & Aerospace

Tech Sector

Hardwaretech

Distribution Model

B2B

Margin

Low

Capital Intensity

High

Location

Torrance, California

Business Type

Growth

Prime Lightworks, with a valuation of $19.6 million, is raising funds on StartEngine. The company is developing green hydrogen rocket engines for satellite launch vehicles. The green engines of Prime Lightworks are fully reusable and cause zero carbon emissions. They are set to generate a revolutionary change in environmental and planetary sciences for clean orbital launches based on renewable natural resources. Kyle Flanagan founded Prime Lightworks in September 2015. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $3.9 million. The campaign proceeds will be used for research and development, marketing, company employment, operations, inventory, and working capital.

Summary Profit and Loss Statement

FY 2021 FY 2020

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-396,329

$-508,613

Summary Balance Sheet

FY 2021 FY 2020

Cash

$50,420

$22,308

Accounts Receivable

$0

$101,397

Total Assets

$112,121

$251,619

Short-Term Debt

$76,315

$265,270

Long-Term Debt

$1,838,549

$1,862,717

Total Liabilities

$1,914,864

$2,127,987

Financials as of: 02/12/2023
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Prime Lightworks 04/10/2023 StartEngine $19,640,732 $23,954 Equity - Common Funded RegCF
Prime Lightworks 04/22/2021 StartEngine $10,200,000 $1,069,888 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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Add to portfolio
Prime Lightworks on StartEngine 2023
Platform: StartEngine
Security Type: Equity - Common
Valuation: $19,640,732
Price per Share: $3.28

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Follow Prime Lightworks on StartEngine 2023

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