StorEn Technologies

StorEn Technologies

Early Stage

StorEn answers the call for long-lasting, and affordable energy storage by developing evolutionary vanadium flow batteries.

StorEn answers the call for long-lasting, and affordable energy storage by developing evolutionary vanadium flow batteries.

Overview

Raised to Date: Raised: $1,062,814

Total Commitments ($USD)

Platform

StartEngine

Start Date

07/03/2019

Close Date

03/15/2020

Min. Goal
$9,996
Max. Goal
$1,070,000
Min. Investment

$252

Security Type

Equity - Common

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$4.20

Pre-Money Valuation

$28,100,000

Rolling Commitments ($USD)

Status
Funded
Reporting Date

03/30/2020

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$4,168

# of Investors

1,741

Momentum
Funded
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Year Founded

2017

Industry

Consumer Products, Goods & Services

Tech Sector

Cleantech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

High

Location

Stony Brook, New York

Business Type

Growth

StorEn Technologies, with a pre-money valuation of $28.05 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. The proprietary technology of StorEn Technologies assures efficient, cost-effective, and durable batteries. StorEn Technologies was founded by Carlo Brovero and Angelo D’Anzi and has already raised more than $650,000 in previous rounds of funding. The current round of crowdfunding has a minimum target of $10,000 and a maximum target of $724,000. StorEn Technologies has filed four patent applications that secure its innovative IP, and the company has already secured its first order of $500,000 from Australia.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$400

$0

 

 

Net Income

$-488,940

$-126,835

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$3,243

$15,007

Accounts Receivable

$0

$0

Total Assets

$3,243

$15,007

Short-Term Debt

$35,458

$0

Long-Term Debt

$35,458

$0

Total Liabilities

$70,916

$0

Financials as of: 07/03/2019
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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 $527,931 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
Platform: StartEngine
Security Type: Equity - Common
Valuation: $28,100,000
Price per Share: $4.20

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