About this raise: Solar for Debra’s Family Farm is raising funds on Climatize. The project is aimed at the deployment of a solar system at Lockard’s Produce. Lockard’s Produce is a third-generation family-owned farm in Ripley, Tennessee, that plans to install an 8.04 kW solar array and a 30.72 kWh battery storage system to meet its energy needs. Solar for Debra’s Family Farm will help the farm decrease its operating costs and allow for proper environmental conditions for optimal production. John Carey founded Solar for Debra’s Family Farm in May 2023. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $60,000. The campaign proceeds will be used to fund the solar and storage project.

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Investment Overview

Invested this round: $29,965

Deal Terms

Total Commitments ($USD)

Platform
Climatize
Start Date
02/22/2024
Close Date
03/29/2024
Min. Goal
$50,000
Max. Goal
$60,000
Min. Investment

$5

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

10.00%

Term Length

2.0 years

Company & Team

Company

Year Founded
2023
Industry
Energy, Power, & Natural Resources
Tech Sector
Cleantech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
High
Location
Cedar Grove, North Carolina
Business Type
High Growth
Company Website
Visit Website

Team

Employees
3
Prior Founder Exits?
No
Founder Name
Lester Crafton
Title
Chief Strategy Officer
Founder Name
Chris Snodgrass
Title
COO
Founder Name
John Carey
Title
CEO

Financials

as of Fiscal Year 2023
 Revenue
$0
 Cash on Hand
$500,037

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$0

$0

Summary Balance Sheet

FY 2023 FY 2022

Cash

$500,037

$0

Accounts Receivable

$0

$0

Total Assets

$500,037

$0

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
No
Offering Name Close Date Platform Valuation Total Raised Security Type Status Reg Type
Solar for Liberty Hill Farms 06/27/2024 Climatize - $980,000 Debt Funded RegCF
Countryside Solar Portfolio 05/04/2024 Climatize - $885,000 Debt Funded RegCF
La Finca’s Solar Energy Project 04/19/2024 Climatize - $100,000 Debt Funded RegCF
Solar for Debra’s Family Farm 03/29/2024 Climatize - $29,965 Debt Funded RegCF
Solar Harvest for Howle Farms 03/14/2024 Climatize - $309,200 Debt Funded RegCF
Shifting Gears to Solar 03/04/2024 Climatize - $144,400 Debt Funded RegCF
Light Up Rural America 12/29/2023 Climatize - $310,000 Debt Funded RegCF
Solar Resilience for Farmer’s Hardware 12/23/2023 Climatize - $264,100 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 Debra’s Family Farm on Climatize 2024
Platform: Climatize
Security Type: Debt

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