Bright Sun Low-Income Community Solar
Bright Sun Low-Income Community Solar
Overview
Raised: $505,000
Total Commitments ($USD)
Platform
Climatize
Start Date
05/17/2023
Close Date
06/16/2023
Min. Goal
$10,000
Max. Goal
$505,500
Min. Investment
$5
Security Type
Debt
Series
Pre-Seed
SEC Filing Type
RegCF
Interest Rate
8.00%
Term Length
5.0 years
Rolling Commitments ($USD)
Status
Funded
Reporting Date
06/29/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$17,414
# of Investors
35
Momentum
Funded
Create a free account today to gain access to KingsCrowd analytics.
Year Founded
2021
Industry
Energy, Power, & Natural Resources
Tech Sector
Cleantech
Distribution Model
B2B
Margin
Medium
Capital Intensity
High
RTH Solar is raising funds on the mobile app Climatize. The company has financed the development and construction of Bright Sun Low-Income Community Solar. Once operational, Bright Sun will provide electricity savings of up to 10% for low-income families in central Massachusetts. Dr. Lawrence W Chan founded RTH Solar in 2021. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $505,500.00. The campaign proceeds will be used to reimburse a portion of the equity and cover operations.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$0 |
$0 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$0 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$549,000 |
$0 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 05/17/2023
Create a free account today to gain access to KingsCrowd analytics.
Upgrade to gain access
Pay Monthly
Annually (Save 17%)
-
$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
Edge
Already a member? Log in here.
Ratings 
Founders: enhance your startup's credibility on KingsCrowd. Create an account to claim this raise page.