Solar for Congregation Ahavas (2023)

Solar for Congregation Ahavas (2023)

About this raise

Solar for Congregation Ahavas is raising funds on Climatize. It is a 105.6kW dc behind the meter solar project owned by Trex Solar, LLC. The project aims to provide substantial electricity bill savings of about 50% for Congregation Ahavas Achim, a synagogue in New Jersey. Solar for Congregation Ahavas was developed collaboratively by Bright Sun and Associated Energy Developers and will help to avoid more than 2,400 metric tons of carbon dioxide equivalent. Dr. Lawrence W. Chan founded Trex Solar in June 2022. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $420,000. The campaign proceeds will be used for investment in the project, legal and accounting fees, and reserves.

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Investment Overview

Invested this round: $420,000

Deal Terms

Total Commitments

Platform
Climatize
Start Date
07/17/2023
Close Date
10/04/2023
Min. Goal
$10,000
Max Goal
$420,000
Min. Investment

$5

Security Type

Debt

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

8.00%

Company & Team

Company

Year Founded
2022
Industry
Energy, Power, & Natural Resources
Tech Sector
Cleantech
Location
PLYMOUTH, Massachusetts
Company Website
Visit Website

Team

Financials

 Revenue
$0
as of FY2022
 Monthly Burn
$127
as of FY2022
 Runway
24+ months
as of FY2022

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-1,520

$0

Summary Balance Sheet

FY 2022 FY 2021

Cash

$35,986

$0

Accounts Receivable

$0

$0

Total Assets

$1,163,986

$0

Short-Term Debt

$485,452

$0

Long-Term Debt

$100,000

$0

Total Liabilities

$585,452

$0

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Company Funding & Growth

Funding history

Offering Name Close Date Platform Valuation Total Raised Security Type Status Reg Type
Solar for Shakespeare Theater 10/12/2023 Climatize - $446,800 Debt Funded RegCF
Solar for Congregation Ahavas 10/04/2023 Climatize - $420,000 Debt Funded RegCF
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Growth Charts

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Employee History

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Solar for Congregation Ahavas on Climatize 2023
Platform: Climatize
Security Type: Debt

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Warning: according to the close date for this deal, Solar for Congregation Ahavas may no longer be accepting investments.

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