Voltaic Marine

Voltaic Marine

Closed: Jun. 2023

About this raise

Voltaic Marine, with a valuation of $25.6 million, is raising funds on StartEngine. It is a boat-building company focused on developing electric vessels for recreation and water sports. The company is currently in the prototyping and pre-revenue phase and is backed by proven suppliers, techniques, and components for entering the market. The first product of Voltaic Marine will be AEW24, a sleek and strong electric boat enabled by a proprietary battery architecture and to be used for all-day water sports. Richard Hau Phamdo founded Voltaic Marine in January 2023. The current crowdfunding campaign has a minimum target of $15,000 and a maximum target of $1.24 million. The campaign proceeds will be used for marketing, company employment, inventory, operations, and taxes.

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Investment Overview

Invested this round: $62,750

Deal Terms

Total Commitments

Platform
StartEngine
Start Date
03/01/2023
Close Date
06/21/2023
Min. Goal
$15,000
Max Goal
$1,235,000
Min. Investment

$200

Security Type

Equity - Common

Company Stage

Growth Stage

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.00

Pre-Money Valuation

$25,593,821

Company & Team

Company

Year Founded
2023
Industry
Transportation, Automotive, Aviation, & Aerospace
Tech Sector
Cleantech
Distribution Model
B2C
Margin
Low
Capital Intensity
High
Location
Beaverton, Oregon
Business Type
Growth
Company Website
Visit Website

Team

Employees
7
Prior Founder Exits?
No
Founder Name
Richard Phamdo
Title
CEO

Financials

 Revenue
$0
as of FY2022
 Monthly Burn
$7,398
as of FY2022
 Runway
0 months
as of FY2022

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-88,771

$-29,856

Summary Balance Sheet

FY 2022 FY 2021

Cash

$0

$0

Accounts Receivable

$0

$0

Total Assets

$600

$0

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$6,931,217
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
06/21/2023 StartEngine $25,593,821 $62,750 Equity - Common Funded RegCF
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Add to portfolio
Voltaic Marine on StartEngine 2023
Platform: StartEngine
Security Type: Equity - Common
Valuation: $25,593,821
Price per Share: $1.00

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Follow Voltaic Marine on StartEngine 2023

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Warning: according to the close date for this deal, Voltaic Marine may no longer be accepting investments.

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