Solib Solutions

Solib Solutions

Closed: Apr. 2023

About this raise

Solib Solutions, with a valuation of $8.89 million, is raising funds on NetCapital. The company aims to use its innovative battery technology to develop solid-state hybrid batteries. The hybrid batteries of Solib Solutions will enable high energy density, fast charging, long cycle life, and low-temperature performance. Solib Solutions’ batteries are based on proprietary composite solid electrolytes and will soon be under pilot-scale production. Yuan Wang founded Solib Solutions in January 2022. The current crowdfunding campaign has a minimum target of $10,001.25 and a maximum target of $1,000,000.54. The campaign proceeds will be used for salaries, equipment, R&D, raw materials, infrastructure renovation, and product line assembly.

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Investment Overview

Invested this round: $53,669

Deal Terms

Total Commitments ($USD)

Platform
Netcapital
Start Date
06/27/2022
Close Date
04/17/2023
Min. Goal
$10,001
Max Goal
$1,000,001
Min. Investment

$107

Security Type

Equity - Common

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$8.89

Pre-Money Valuation

$8,890,000

Company & Team

Company

Year Founded
2022
Industry
Energy, Power, & Natural Resources
Tech Sector
Cleantech
Distribution Model
B2B
Margin
Low
Capital Intensity
High
Location
Cary, North Carolina
Business Type
Growth
Company Website
Visit Website

Team

Employees
4
Prior Founder Exits?
No
Founder Name
Yuan Wang
Title
President
Founder Name
Xiangwu Zhang
Title
Chief Technology Officer
Founder Name
Liang Chang
Title
Chief Scientist

Financials

 Revenue
$0
 Cash on Hand
$0

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$0

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$0

$0

Accounts Receivable

$0

$0

Total Assets

$0

$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
Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/17/2023 Netcapital $8,890,000 $53,669 Equity - Common Funded RegCF
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Add to portfolio
Solib Solutions on NetCapital 2022
Platform: Netcapital
Security Type: Equity - Common
Valuation: $8,890,000
Price per Share: $8.89

Follow company

Follow Solib Solutions on NetCapital 2022

Buy Solib Solutions's Deal Report

Warning: according to the close date for this deal, Solib Solutions may no longer be accepting investments.

Solib Solutions Deal Report

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