PVpallet, with a valuation of $22.5 million, is raising funds on StartEngine. The company has developed a unique pallet system for the shipping of solar panels. PVpallet’s pallet system is reusable, recyclable, and collapsible and will revolutionize the way solar panels are handled and distributed. The company has helped over 130 companies integrate reusable packaging into their operations and generated more than $3.5 million in lifetime revenue. Philip Schwarz, Luke Phelps, Ethan Wollbrink, and Steven Kottwitz founded PVpallet in November 2020. The current crowdfunding campaign has a minimum target of $14,994.45 and a maximum target of $617,943.60. The campaign proceeds will be used for research and development, inventory, company employment, marketing, and working capital.
Investment Overview
Raised: $59,160
Deal Terms
Total Commitments ($USD)
- Platform
- StartEngine
- Start Date
- 10/23/2024
- Close Date
- 01/21/2025
$14,994
$617,944
$509
Equity - Common
Seed
RegCF
$31.31
$22,502,911
Company & Team
Company
- Year Founded
- 2020
- Industry
- Energy, Power, & Natural Resources
- Tech Sector
- Distribution Model
- B2B
- Margin
- Medium
- Capital Intensity
- Low
Financials
- Revenue +36% YoY
- $1,121,737
- Monthly Burn
- $55,000
-
Runway
- 1.4 months
- Gross Margin
- 21%
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $2,499,532
- VC Backed?
- No
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.