SolarGaps
World's First Smart Solar Blinds
Overview
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
Avg. Daily Raise
$7,492
# of Investors
134
Momentum
Create a free account today to gain access to KingsCrowd analytics.
Location
Redwood City, California
Industry
Energy, Power, & Natural Resources
Tech Sector
Cleantech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
High
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
Create a free account today to gain access to KingsCrowd analytics.
Create a free account today to gain access to KingsCrowd analytics.
Upgrade to gain access
Pay Monthly
Annually (Save 17%)
-
$12.42 /month
billed annually - Free portfolio tracking and KingsCrowd's quantitative ratings on all raises.
- Plan Includes:
- Everything in Free, plus
- Company specific
KingsCrowd ratings (excluding risk)
- Advanced company search ( with ratings)
- Markets page filters and historical industry data
- Get Edge Annual
Edge
-
$41.58 /month
billed annually - Full site access including KingsCrowd's qualitative analyst reports.
- Plan Includes:
- Everything in Edge, plus
- Full access to detailed Analyst Reports (e.g. Top Deal, Deal to Watch, Neutral, and Underweight)
- Search and filter based on Analyst Reports
- In-depth risk ratings for every raise
- Get Edge Pro Annual
Edge Pro
Already a member? Log in here.
Ratings 
Wall Street has Morningstar, S&P, and Bloomberg
The equity crowdfunding market has KingsCrowd.
Analyst Report
Pending Review