StackRack

StackRack

Early Stage

Modular battery systems

Modular battery systems

Overview

Raised to Date: Raised: $28,604

Total Commitments ($USD)

Platform

Netcapital

Start Date

01/29/2024

Close Date

03/28/2024

Min. Goal
$10,000
Max. Goal
$1,235,000
Min. Investment

$100

Security Type

Equity - Common

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$4.00

Pre-Money Valuation

$40,000,000

Rolling Commitments ($USD)

Status

Active

Reporting Date

02/27/2024

Days Remaining

30

% of Min. Goal

286%

% of Max. Goal

2%

Likelihood of Max
unlikely
Avg. Daily Raise

$986

Momentum
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Year Founded

2022

Industry

Energy, Power, & Natural Resources

Tech Sector

Cleantech

Location

Corona, California

StackRack, with a valuation of $40 million, is raising funds on NetCapital. The company has a patent-pending portfolio of products that keep buildings connected to electrical grids. StackRack’s smart battery system provides battery solutions for commercial, residential, industrial, and utility-scale projects. The current customers of StackRack include 25 solar installers and sales groups and have generated $1 million in revenue. Seth Bradley founded StackRack in June 2022. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1.24 million. The campaign proceeds will be used for inventory financing, marketing, staffing, research and development, facility expansion, patents, and managerial compensation.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$91,878

$0

COGS

$61,032

$0

Tax

$0

$0

 

 

Net Income

$-34,986

$0

Summary Balance Sheet

FY 2022 FY 2021

Cash

$79,388

$0

Accounts Receivable

$0

$0

Total Assets

$381,874

$0

Short-Term Debt

$0

$0

Long-Term Debt

$123,919

$0

Total Liabilities

$123,919

$0

Financials as of: 01/29/2024
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StackRack on NetCapital 2024
Platform: Netcapital
Security Type: Equity - Common
Valuation: $40,000,000
Price per Share: $4.00

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