REVO Powertrains

Growth Stage

Zero Emissions Powertrains for Commercial Trucks and Buses

Overview

Raised to Date: Raised: $22,357

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

Funding Type

RegCF

Price Per Share

$0.83

Pre-Money Valuation

$64,946,578

Rolling Commitments ($USD)

Status

Active

Reporting Date

02/02/2023

Days Remaining

39

% of Min. Goal

224%

% of Max. Goal

2%

Likelihood of Max
unlikely
Avg. Daily Raise

$438

# of Investors

36

Momentum
cold.svg
Create a free account today to gain access to KingsCrowd analytics.
Location

Alameda, California

Industry

Transportation, Automotive, Aviation, & Aerospace

Tech Sector

Cleantech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

High

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

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-13,748,238

$-10,300,084

Summary Balance Sheet

Most Recent Year Prior Year

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
Create a free account today to gain access to KingsCrowd analytics.

Upgrade to gain access

Pay Monthly
Annually (Save 17%)

Edge

$12.42 /month
billed annually
Free portfolio tracking and KingsCrowd's quantitative ratings on all raises.
Plan Includes:
Everything in Free, plus
Company specific KingsCrowd ratings (excluding risk)
Advanced company search ( with ratings)
Markets page filters and historical industry data
Get Edge Annual

Edge Pro

$41.58 /month
billed annually
Full site access including KingsCrowd's qualitative analyst reports.
Plan Includes:
Everything in Edge, plus
Full access to detailed Analyst Reports (e.g. Top Deal, Deal to Watch, Neutral, and Underweight)
Search and filter based on Analyst Reports
In-depth risk ratings for every raise
Get Edge Pro Annual
Already a member? Log in here.

Ratings KingsCrowd Startup Rating Methodology Article

Analyst Report Analyst Report Methodology Article

Pending Review

Create your first portfolio

Create your very own investment portfolio on KingsCrowd.

Now you can track all of your startup investments in one place utilizing our state-of-the-art portfolio tracker tools. To begin, create your first portfolio below.

Add to portfolio
REVO Powertrains on StartEngine 2022
$
Platform: StartEngine
Security Type: Equity - Common
Valuation: $64,946,578

Follow company

Follow REVO Powertrains on StartEngine 2022
View on StartEngine