Solvari

Solvari

Solvari, with a valuation of $12.73 million, is raising funds on StartEngine. The company makes all-in-one solar panels for residential and small commercial roofs. Solvari’s ready-to-install panels optimize installation, eliminate barriers to entry, and streamline operations. The company has sold $60,000 of products, surpassed installed expectations, and secured LOIs from target markets. Samuel Truthseeker founded Solvari in January 2017. The current crowdfunding campaign has a minimum target of $15,000 and a maximum target of $1.24 million. The campaign proceeds will be used for research and development, company employment, inventory, and working capital.

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Investment Overview

Raised this Round: Raised: $120,328

Deal Terms

Total Commitments ($USD)

Platform
StartEngine
Start Date
11/12/2024
Close Date
02/10/2025
Min. Goal
$15,000
Max. Goal
$1,235,000
Min. Investment

$500

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.00

Pre-Money Valuation

$12,727,950

Company & Team

Company

Year Founded
2017
Industry
Energy, Power, & Natural Resources
Tech Sector
Cleantech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
High
Location
Round Rock, Texas
Business Type
Growth
Company Website
Visit Website

Team

Employees
4
Prior Founder Exits?
No
Founder Name
Samuel Truthseeker
Title
CEO

Financials

as of August 30, 2024
 Revenue -76.4% YoY
$84,780
 Monthly Burn
$40,000
 Runway
1.2 months

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$84,780

$359,638

COGS

$174,262

$67,797

Tax

$0

$0

 

 

Net Income

$-583,279

$363,481

Summary Balance Sheet

FY 2023 FY 2022

Cash

$105,920

$380,820

Accounts Receivable

$6,663

$6,638

Total Assets

$218,581

$391,255

Short-Term Debt

$24,227

$53,622

Long-Term Debt

$0

$0

Total Liabilities

$24,227

$53,622

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$150,000
Grants
$1,500,000
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
02/10/2025 StartEngine $12,727,950 $120,328 Equity - Common Active RegCF
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Add to portfolio
Solvari on StartEngine 2024
Platform: StartEngine
Security Type: Equity - Common
Valuation: $12,727,950
Price per Share: $1.00

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Follow Solvari on StartEngine 2024

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