SineWatts
Early Stage
Driving Energy Forward
Overview
Raised: $10,495
Total Commitments ($USD)
Platform
StartEngine
Start Date
03/21/2023
Close Date
05/21/2023
Min. Goal
$15,000
Max. Goal
$1,234,980
Min. Investment
$120
Security Type
Equity - Common
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$30.00
Pre-Money Valuation
$30,000,000
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
05/21/2023
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$175
# of Investors
26
Momentum
Not Funded
Create a free account today to gain access to KingsCrowd analytics.
Year Founded
2011
Industry
Transportation, Automotive, Aviation, & Aerospace
Tech Sector
Hardwaretech
Distribution Model
B2C
Margin
Medium
Capital Intensity
High
SineWatts, with a valuation of $30 million, is raising funds on StartEngine. The company has developed its patented technology to create transistorized electric mobility and build powering solutions. The solutions of SineWatts aim to rearchitect the energy grid to become scalable, customizable, and affordable. SineWatts converts EVs into Power Plants on Wheels by integrating numerous equipment and subsystems and becoming their own charging infrastructure. Shibashis Bhowmik founded SineWatts in June 2011. The current crowdfunding campaign has a minimum target of $15,000 and a maximum target of $1.23 million. The campaign proceeds will be used for research and development and operations.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$75,000 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-39,675 |
$-200,290 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$51,143 |
$88,552 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$188,143 |
$212,552 |
|
Short-Term Debt |
$606,098 |
$472,509 |
|
Long-Term Debt |
$100,000 |
$220,021 |
|
Total Liabilities |
$706,098 |
$692,530 |
Financials as of: 03/21/2023
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.