SolarGaps

Early Stage

World's First Smart Solar Blinds

Overview

Raised to Date: Raised: $471,978

Total Commitments ($USD)

Platform

StartEngine

Start Date

12/01/2022

Close Date

02/28/2023

Min. Goal

$10,000

Max. Goal

$4,113,319

Min. Investment

$499

Security Type

Equity - Common

Series

Series A

Funding Type

RegCF

Price Per Share

$1.67

Pre-Money Valuation

$15,030,000

Rolling Commitments ($USD)

Status

Active

Reporting Date

02/02/2023

Days Remaining

26

% of Min. Goal

4,720%

% of Max. Goal

11%

Likelihood of Max
unlikely
Avg. Daily Raise

$7,492

# of Investors

134

Momentum
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Location

Redwood City, California

Industry

Energy, Power, & Natural Resources

Tech Sector

Cleantech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

High

Business Type

Growth

SolarGaps, with a valuation of $15.03 million, is raising funds on StartEngine. The company makes smart solar blinds that generate energy from the sun, convert the energy, and send it to the grid. The energy generated using SolarGaps can power different home appliances and help in decreasing energy consumption. SolarGaps has over 20 distributors and more than 300 large installations. The business has won global awards from SVIEF, TechTour, Amazon, Katerva, Bank of Reconstruction and Development, and The Smarter E. Eugene Erik and Andrew Koval founded SolarGaps in August 2016. The current crowdfunding campaign has a minimum target of $9,999.96 and a maximum target of $4.1 million. The campaign proceeds will be used to scale the product into its B2B version, boost sales growth and promotion, and add more functionalities.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$17,427

$49,878

COGS

$17,427

$49,878

Tax

$0

$0

 

 

Net Income

$-4,232

$-4,872

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$305

$0

Accounts Receivable

$0

$0

Total Assets

$303,023

$165,462

Short-Term Debt

$146,827

$164,153

Long-Term Debt

$0

$0

Total Liabilities

$146,827

$164,153

Financials as of: 12/01/2022
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
SolarGaps 02/28/2023 StartEngine $15,030,000 $471,978 Equity - Common Active RegCF
SolarGaps 04/30/2022 Wefunder $13,000,000 $1,034,138 SAFE Funded RegCF
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SolarGaps on StartEngine 2022
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Platform: StartEngine
Security Type: Equity - Common
Valuation: $15,030,000
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