StorEn Technologies (2019)
About this raise
Who Should Be Interested:
Are you interested in innovative, efficient, cost-effective energy storage? Do you want to disrupt the current destructive energy system and find a cleaner solution? Well then, StorEn Technologies could be the investment for you. Their all-vanadium flow battery technology works with solar power, lasts for 25 years, and are 100% recyclable.
The Company:
StorEn Technology is revolutionizing the world of residential and industrial energy suppliers by developing evolutionary vanadium flow batteries. StorEn batteries capture energy from the sun during the day to charge the battery, while simultaneously powering your home, office, or business. The battery then takes over at night, providing consistent and constant energy from being charged all day. StorEn batteries last for 25 years (or 15,000 cycles), maintain 100% capacity over time, have no ghost-effect or self-discharge, are resilient in natural disasters and harsh climates, are non flammable, and are maintenance-free. Oh yeah -- to top it all off, they’re also 100% recyclable. So far, their technology has four US provisional patents and four trademarks. StorEn was incubated at the Clean Energy Business Incubator Program (CEBIP) within Stony Brook University in New York, and they’re on a mission to develop clean technologies to help reduce Earth’s global warming.
The Bottom Line:
StorEn Technologies is (literally) powering the renewable revolution against climate change. StorEn answers the call for long-lasting, economical energy storage, and with this investment, you can feel good about making money -- and about helping the environment, too.
Investment Overview
Invested : $659,824
Deal Terms
Total Commitments
- Platform
- StartEngine
- Start Date
- 01/10/2018
- Close Date
- 01/08/2019
$10,000
$1,070,000
$500
Equity - Common
Early Stage
RegCF
$4.00
$25,904,060
Company & Team
Company
- Year Founded
- 2017
- Industry
- Consumer Products, Goods & Services
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Capital Intensity
- Location
- New York, New York
- Company Website
-
Visit Website
Team
- Employees
- 4
Financials
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Company Funding & Growth
Funding history
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 02/01/2026 | DealMaker Securities | $61,429,701 | $278,848 | Equity - Common | Active | RegCF |
| 11/04/2024 | StartEngine | $59,984,469 | $959,562 | Equity - Common | Funded | RegCF |
| 04/30/2023 | StartEngine | $60,172,534 | $1,374,076 | Equity - Common | Funded | RegCF |
| 12/30/2021 | StartEngine | $40,400,000 | $8,657,825 | Equity - Common | Funded | RegA+ |
| 03/15/2020 | StartEngine | $28,100,000 | $1,062,814 | Equity - Common | Funded | RegCF |
| 01/08/2019 | StartEngine | $25,904,060 | $659,824 | Equity - Common | Funded | RegCF |
Growth Charts
Revenue History
Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.
Valuation History
Price per Share History
Note: Share prices shown in earlier rounds may not be indicative of any stock splits.
Employee History
Founder Interview
Founder Profile: Energy Storage Reinvented For The Green Age
Raised to-date: $485K ($50K goal, $1.07M max)StorEn Technologies is a fascinating company that has developed a battery technology that can make storing solar energy sustainable, affordable and maintenance free.
A little bit sci-fi and a little bit science, StorEn is in the late stages of the development lifecycle with plans to commercialize its technology in both commercial and residential applications.
I sat down with my fellow Italian, Carlo Brovero to discuss the technology and commercial viability of StorEn Technologies, which is raising via StartEngine.