REVO Powertrains

REVO Powertrains

Growth Stage

Zero Emissions Powertrains for Commercial Trucks and Buses

Zero Emissions Powertrains for Commercial Trucks and Buses

Overview

Raised this Round: Raised: $0

Total Commitments ($USD)

Platform

StartEngine

Start Date

12/12/2022

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    Open SEC Filing

Price Per Share

$0.83

Pre-Money Valuation

$64,946,578

Year Founded

2005

Industry

Transportation, Automotive, Aviation, & Aerospace

Tech Sector

Cleantech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

High

Location

Alameda, California

Business Type

High Growth

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: 12/12/2022
Create a free account today to gain access to KingsCrowd analytics.

Funding data not publicly available

Upgrade to gain access

Pay Monthly
Annually (Save 17%)

Edge

$25 /month
billed annually
Free portfolio tracking, data-driven ratings, AI analysis and reports
Plan Includes:
Everything in Free, plus
Company specific KingsCrowd ratings and analyst reports
Deal explorer and side-by-side comparison
Startup exit and failure tracking
Startup market filters and historical industry data
Advanced company search ( with ratings)
Get Edge Annual
Already a member? Log in here.

Ratings KingsCrowd Startup Rating Methodology Article

Blurred Ratings Bars Blurred Ratings Bars
Founders: enhance your startup's credibility on KingsCrowd. Create an account to claim this raise page.
Add to portfolio
REVO Powertrains on StartEngine 2022
Platform: StartEngine
Security Type: Equity - Common
Valuation: $64,946,578
Price per Share: $0.83

Follow company

Follow REVO Powertrains on StartEngine 2022

Buy REVO Powertrains's Deal Report

Warning: according to the close date for this deal, REVO Powertrains may no longer be accepting investments.

REVO Powertrains Deal Report

Get KingsCrowd’s comprehensive report on REVO Powertrains including:

  • How our proprietary algorithm rates their current capital raise (1-5 stars)
  • Detailed price, market, team, differentiators, performance, and risk ratings
  • Whether REVO Powertrains is undervalued or overvalued
  • Scores on the founding team and key personnel's background and expertise

Buy the REVO Powertrains deal report for only $10!

Email address:
Looking to buy more than one deal report? Get unlimited reports by upgrading to Edge