SOZ EV

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

Overview

Raised to Date: 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
extremely
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

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

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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SOZ EV on Wefunder 2022
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Platform: Wefunder
Security Type: Revenue Share

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