SolarGaps

Early Stage

World's First Smart Solar Blinds

Analytics

Raised to Date: Raised: $271,888

Aggregate Commitments $

Platform

Wefunder

Start Date

11/16/2021

Close Date

03/15/2022

Min. Goal

$50,000

Max. Goal

$1,070,000

Min. Investment

$100

Security Type

SAFE

Funding Type

RegCF

Series

Seed

Valuation Cap

$13,000,000

Discount Rate

20%

Rolling Commitments $

Status

Active

Reporting Date

12/05/2021

Days Remaining

100

% of Min. Goal

544%

% of Max. Goal

25%

Likelihood of Max
extremely
Avg. Daily Raise

$14,310

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 $13 million, is raising funds on Wefunder. 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. Eugene Erik and Andrew Koval founded SolarGaps in August 2016. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1,070,000. The campaign proceeds will be used for product development, business development, marketing, admin and operational expenses, and legal expenses.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$67,394

$100,195

COGS

$61,066

$101,498

Tax

$0

$0

 

 

Net Income

$158,826

$65,290

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$309,945

$78,058

Accounts Receivable

$5,548

$7,514

Total Assets

$522,577

$372,631

Short-Term Debt

$98,235

$117,279

Long-Term Debt

$670,000

$670,000

Total Liabilities

$768,235

$787,279

Financials as of: 11/16/2021
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SolarGaps on Wefunder 2021
$
Platform: Wefunder
Security Type: SAFE
Valuation: $13,000,000

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