REVO Powertrains
Growth Stage
Zero Emissions Powertrains for Commercial Trucks and Buses
Overview
Raised: $0
Total Commitments ($USD)
Platform
StartEngine
Start Date
12/13/2022
Close Date
03/13/2023
Min. Goal
$10,000
Max. Goal
$1,234,999
Min. Investment
$300
Security Type
Equity - Common
Series
Series A
SEC Filing Type
RegCF
Price Per Share
$0.83
Pre-Money Valuation
$64,946,578
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
03/14/2023
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$0
Momentum
Not Funded
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Year Founded
2005
Industry
Transportation, Automotive, Aviation, & Aerospace
Tech Sector
Cleantech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
High
REVO Powertrains, with a valuation of $64.95 million, is raising funds on StartEngine. The company has created the core technology to repower already existing trucks and buses into electric vehicles. The business has created Powertrain-in-a-Crate kits for selling to vehicle service companies that help convert diesel vehicles into zero-emission full-battery electric vehicles. REVO Powertrains is led by an experienced team and has ten issued patents and two pending patents. Kevin Landis founded REVO Powertrains in January 2005. The current crowdfunding campaign has a minimum target of $9,999.84 and a maximum target of $1.23 million. The campaign proceeds will be used to launch commercially.
Summary Profit and Loss Statement
| FY 2021 | FY 2020 | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-13,748,238 |
$-10,300,084 |
Summary Balance Sheet
| FY 2021 | FY 2020 | |
|---|---|---|
|
Cash |
$1,535,464 |
$2,037,974 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$4,581,463 |
$6,322,497 |
|
Short-Term Debt |
$31,934,883 |
$18,841,360 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$31,934,883 |
$18,841,360 |
Financials as of: 12/13/2022
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