Rayton

Rayton Solar is a California-based solar cell manufacturer with a mission to integrate clean energy into everyday life.

Overview

Raised to Date: Raised: $1,070,000

Total Commitments ($USD)

Platform

StartEngine

Start Date

07/17/2019

Close Date

06/30/2020

Min. Goal

$10,000

Max. Goal

$1,070,000

Min. Investment

$500

Security Type

Convertible Note

Series

Series A

Funding Type

RegCF

Valuation Cap

$50,000,000

Discount Rate

30%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

07/05/2020

Days Remaining
Funded
% of Min. Goal

10,700%

% of Max. Goal

100%

Likelihood of Max
Funded
Avg. Daily Raise

$3,066

# of Investors

1,619

Momentum
Funded
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Location

Van Nuys, California

Industry

Industrial Services

Tech Sector

Hardwaretech

Distribution Model

B2B

Margin

High

Capital Intensity

High

Business Type

Growth

Rayton, the manufacturer of engineered wafers for next-generation electronics, is raising funds on StartEngine. The company uses a patented technology based on particle accelerator to create the wafers that serve as the basis of automotive, solar, aerospace, 5G, and LED industries. Rayton was founded by Andrew Yakub in 2013. The proceeds of the current crowdfunding round, with a minimum goal of $10,000 and a maximum goal of $1,070,000, will be used to advance the beta phase production at Rayton. The company has already been awarded two patents and is backed by over 4,000 investors. The technology of Rayton is set to revolutionize the semiconductor industry.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-2,577,297

$-5,697,767

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$0

$146,166

Accounts Receivable

$0

$0

Total Assets

$1,488,343

$1,732,226

Short-Term Debt

$248,123

$188,761

Long-Term Debt

$576,710

$105,305

Total Liabilities

$824,833

$294,066

Financials as of: 07/17/2019
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Rayton 12/28/2022 StartEngine $57,729,621 $128,713 Equity - Common Funded RegCF
Rayton 10/27/2021 StartEngine $50,876,569 $2,094,691 Equity - Common Funded RegCF
Rayton 06/30/2020 StartEngine $50,000,000 $1,070,000 Convertible Note Funded RegCF
Rayton 07/01/2019 StartEngine $50,000,000 $37,300 Convertible Note Not Funded RegCF
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Rayton Solar on StartEngine
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Platform: StartEngine
Security Type: Convertible Note
Valuation: $50,000,000
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