Primo Energy

Primo Energy

Early Stage

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Overview

Raised to Date: Raised: $72,214

Total Commitments ($USD)

Platform

StartEngine

Start Date

11/16/2021

Close Date

03/09/2022

Min. Goal
$10,000
Max. Goal
$1,069,999
Min. Investment

$250

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$2.19

Pre-Money Valuation

$24,974,530

Rolling Commitments ($USD)

Status
Funded
Reporting Date

03/30/2022

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

$639

# of Investors

84

Momentum
Funded
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Year Founded

2019

Industry

Energy, Power, & Natural Resources

Tech Sector

Cleantech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

High

Location

San Diego, California

Business Type

Growth

Primo Energy, with a valuation of $25 million, is raising funds on StartEngine. The company designs and builds energy platforms that combine solar, wind, and battery storage. The hybrid platforms can be fitted with USB charging and lights and provide energy for remote locations, island territories, and disaster relief. Primo Energy is also helping the next generation understand and bring in renewables with its educational training products and tools. Ned McMahon founded Primo Energy in 2019. The current crowdfunding campaign has a minimum target of $9,999.54 and a maximum target of $1,069,998.96. The campaign proceeds will be used to grow into new areas in the renewable energy space.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$85,614

$73,337

COGS

$150,449

$235,816

Tax

$0

$0

 

 

Net Income

$-489,238

$-1,066,070

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$92,277

$558,779

Accounts Receivable

$76,308

$423,847

Total Assets

$269,375

$1,108,092

Short-Term Debt

$339,226

$839,923

Long-Term Debt

$2,312,182

$2,410,964

Total Liabilities

$2,651,408

$3,250,887

Financials as of: 11/16/2021
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Primo Energy 03/09/2022 StartEngine $24,974,530 $72,214 Equity - Common Funded RegCF
Primo Wind 07/15/2018 Microventures $5,000,000 $140,300 Convertible Note Funded RegCF
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Primo Energy on StartEngine 2021
Platform: StartEngine
Security Type: Equity - Common
Valuation: $24,974,530
Price per Share: $2.19

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Follow Primo Energy on StartEngine 2021

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