StorEn Technologies

StorEn Technologies

Growth Stage

Renewable Energy Storage

Overview

Raised to Date: Raised: $530,886

Total Commitments ($USD)

Platform

StartEngine

Start Date

10/23/2023

Close Date

07/01/2024

Min. Goal
$1,800,000
Max. Goal
$3,625,924
Min. Investment

$363

Security Type

Equity - Common

Series

Series A

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$7.12

Pre-Money Valuation

$59,984,469

Rolling Commitments ($USD)

Status

Active

Reporting Date

05/21/2024

Days Remaining

40

% of Min. Goal

29%

% of Max. Goal

15%

Likelihood of Max
unlikely
Avg. Daily Raise

$2,516

# of Investors

303

Momentum
cold.svg
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Year Founded

2017

Industry

Consumer Products, Goods & Services

Tech Sector

Cleantech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

High

Location

Stony Brook, New York

Business Type

Growth

StorEn Technologies, with a valuation of $59.98 million, is raising funds on StartEngine. The company has developed a patent-pending all-vanadium battery technology that promises to provide affordable and long-lasting energy storage. StorEn Technologies’ proprietary technology assures efficient, cost-effective, and durable batteries. The company has four patents extended internationally and will be the first company to offer a residential Vanadium Flow Battery, with shipments starting in 2024. Angelo D’Anzi founded StorEn Technologies in January 2017. The current crowdfunding campaign has a minimum target of $9,996.48 and a maximum target of $3.6 million. The campaign proceeds will be used for company employment, operations, and inventory.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$34,724

$0

COGS

$56,490

$0

Tax

$0

$0

 

 

Net Income

$-1,426,719

$-1,588,160

Summary Balance Sheet

FY 2022 FY 2021

Cash

$1,795,411

$1,923,450

Accounts Receivable

$111,219

$0

Total Assets

$3,291,128

$2,679,080

Short-Term Debt

$664,014

$407,243

Long-Term Debt

$188,138

$0

Total Liabilities

$852,152

$407,243

Financials as of: 10/23/2023
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
StorEn Technologies 06/30/2024 StartEngine $59,984,469 $530,886 Equity - Common Active RegCF
StorEn Technologies 04/29/2023 StartEngine $60,172,534 $1,374,076 Equity - Common Funded RegCF
StorEn Technologies 12/29/2021 StartEngine $40,400,000 $8,657,825 Equity - Common Funded RegA+
StorEn Technologies 03/14/2020 StartEngine $28,100,000 $1,062,814 Equity - Common Funded RegCF
StorEn Technologies 01/07/2019 StartEngine $25,904,060 $659,824 Equity - Common Funded RegCF
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Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Valuation History

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.

Employee History

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StorEn Technologies on StartEngine 2023
Platform: StartEngine
Security Type: Equity - Common
Valuation: $59,984,469
Price per Share: $7.12

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