SolSolutions
Early Stage
Mobile solar equipment rental
Overview
Raised: $0
Total Commitments ($USD)
Platform
Raise Green
Start Date
10/11/2021
Close Date
12/13/2021
Min. Goal
$125,000
Max. Goal
$250,000
Min. Investment
$1,000
Security Type
Convertible Note
Series
Pre-Seed
SEC Filing Type
RegCF
Valuation Cap
$5,000,000
Discount
15%
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
12/12/2021
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$0
Momentum
Not Funded
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Year Founded
2021
Industry
Energy, Power, & Natural Resources
Tech Sector
Cleantech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
High
SolSolutions is raising funds on Raise Green. The company is focused on equipment sales, rentals, and service of mobile solar generators and lighting. It serves event producers, building contractors, and facility managers and helps in the setup, service, and maintenance of rental equipment. SolSolutions has several products and services and has grown its revenue from $120,000 in 2009 to $436,000 in 2019. Chaz Peling founded SolSolutions in 2009. The current crowdfunding campaign has a minimum target of $125,000 and a maximum target of $250,000. The campaign proceeds will be used for hiring, installation, marketing, upgrades, and legal and accounting expenses.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$306,944 |
$436,338 |
|
COGS |
$183,738 |
$307,187 |
|
Tax |
$1,138 |
$2,101 |
| ||
| ||
|
Net Income |
$-67,117 |
$20,324 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$24,307 |
$53,199 |
|
Accounts Receivable |
$34,559 |
$8,598 |
|
Total Assets |
$433,927 |
$401,919 |
|
Short-Term Debt |
$28,722 |
$49,932 |
|
Long-Term Debt |
$169,619 |
$123,335 |
|
Total Liabilities |
$198,341 |
$173,267 |
Financials as of: 10/11/2021
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