PVpallet
Early Stage
Reusable Solar Shipping Solutions
Overview
Raised: $824,516
Total Commitments ($USD)
Platform
StartEngine
Start Date
11/23/2021
Close Date
02/22/2022
Min. Goal
$10,000
Max. Goal
$1,070,000
Min. Investment
$400
Security Type
Equity - Common
Series
Pre-Seed
SEC Filing Type
RegCF
Price Per Share
$25.00
Pre-Money Valuation
$18,497,525
Year Founded
2020
Industry
Energy, Power, & Natural Resources
Tech Sector
Cleantech
Distribution Model
B2B
Margin
Medium
Capital Intensity
Low
PVpallet, with a valuation of $18.5 million, is raising funds on StartEngine. The company has developed a unique pallet system for the shipping of solar panels. The pallet system is reusable, recyclable, and collapsible and will revolutionize the way solar panels are handled and distributed. PVpallets aim to improve cost efficiencies, reduce solar panel damage, and have positive environmental impacts. Philip Schwarz, Luke Phelps, Ethan Wollbrink, and Steven Kottwitz founded PVpallet in November 2020. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1,070,000. The campaign proceeds will be used for mold revisions and modifications and full-scale product launch.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-17,670 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$13,513 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$21,537 |
$0 |
|
Short-Term Debt |
$19,970 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$19,970 |
$0 |
Financials as of: 11/23/2021
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Raise History
| Offering Name | Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| PVpallet | 02/22/2022 | StartEngine | $18,497,525 | $824,516 | Equity - Common | Funded | RegCF |
No prior online funding rounds.
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