SOZ EV

SOZ EV

One-stop sales, financing, repower, maintenance, and charging for EV trucks and buses

One-stop sales, financing, repower, maintenance, and charging for EV trucks and buses

Overview

Raised to Date: Raised: $79,800

Total Commitments ($USD)

Platform

Wefunder

Start Date

12/04/2022

Close Date

04/01/2023

Min. Goal
$50,000
Max. Goal
$124,000
Min. Investment

$100

Security Type

Revenue Share

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Return Multiple

3.00X

Rev. Share %

10.00%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

04/29/2023

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$676

# of Investors

23

Momentum
Funded
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Year Founded

2019

Industry

Transportation, Automotive, Aviation, & Aerospace

Tech Sector

Cleantech

Distribution Model

B2B

Margin

Medium

Capital Intensity

High

Location

College Park, Maryland

Business Type

Growth

SOZ EV is raising funds on Wefunder. The company has developed the technology to repower in-use vehicles to electric vehicles, making them cheaper, greener, and faster. The company is also involved in the sales, financing, maintenance, and charging of EV trucks and buses. SOZ EV has partnered with ELO to convert a Type D Bluebird school bus to 100% electric and is in an exclusive agreement with ELO to repower new and in-use trucks and buses. Leonard O Mills founded SOZ EV in December 2019. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $124,000. The campaign proceeds will be used for trucks and buses and operations.

Summary Profit and Loss Statement

FY 2021 FY 2020

Revenue

$0

$3,852

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-22,888

$-38,769

Summary Balance Sheet

FY 2021 FY 2020

Cash

$4,741

$19,675

Accounts Receivable

$0

$0

Total Assets

$155,096

$150,030

Short-Term Debt

$-288

$975

Long-Term Debt

$0

$22,573

Total Liabilities

$-288

$23,548

Financials as of: 12/04/2022
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SOZ EV on Wefunder 2022
Platform: Wefunder
Security Type: Revenue Share

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