SOZ EV
One-stop sales, financing, repower, maintenance, and charging for EV trucks and buses
Overview
Raised: $69,000
Total Commitments ($USD)
Platform
Wefunder
Start Date
12/05/2022
Close Date
04/30/2023
Min. Goal
$50,000
Max. Goal
$124,000
Min. Investment
$100
Security Type
Revenue Share
Series
Pre-Seed
Funding Type
RegCF
Return Multiple
3.00X
Rev. Share %
10.00%
Rolling Commitments ($USD)
Status
Active
Reporting Date
02/01/2023
Days Remaining
88
% of Min. Goal
138%
% of Max. Goal
56%
Likelihood of Max
Avg. Daily Raise
$1,190
# of Investors
13
Momentum
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Location
College Park, Maryland
Industry
Transportation, Automotive, Aviation, & Aerospace
Tech Sector
Cleantech
Distribution Model
B2B
Margin
Medium
Capital Intensity
High
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
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$3,852 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-22,888 |
$-38,769 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
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: 12/05/2022
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