Vroom Solar

Early Stage

Simplified Solar For You

Overview

Raised to Date: Raised: $117,483

Total Commitments ($USD)

Platform

StartEngine

Start Date

01/16/2023

Close Date

03/14/2023

Min. Goal

$14,996

Max. Goal

$432,315

Min. Investment

$248

Security Type

Equity - Common

Series

Seed

Funding Type

RegCF

Price Per Share

$11.25

Pre-Money Valuation

$9,000,000

Rolling Commitments ($USD)

Status

Active

Reporting Date

02/02/2023

Days Remaining

40

% of Min. Goal

783%

% of Max. Goal

27%

Likelihood of Max
possible
Avg. Daily Raise

$6,911

# of Investors

37

Momentum
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Location

Springfield, Missouri

Industry

Energy, Power, & Natural Resources

Tech Sector

Cleantech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

High

Business Type

Growth

Vroom Solar, with a valuation of $9 million, is raising funds on StartEngine. The company makes do-it-yourself solar energy kits for portable applications. The off-grid DIY solar energy kits of Vroom Solar are expected to produce five to ten times the output of traditional battery-based portable energy systems and are more cost-effective and sustainable. Vroom Solar’s product is currently in development, with the proof of concept and prototype already established. Luke Phelps founded Vroom Solar in September 2017. The current crowdfunding campaign has a minimum target of $14,996.25 and a maximum target of $432,315. The campaign proceeds will be used to build additional prototypes and enhance the company’s staffing, aluminum extrusion engineering, and control center engineering.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$0

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$0

$0

Accounts Receivable

$0

$0

Total Assets

$0

$0

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

Financials as of: 01/16/2023
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Vroom Solar on StartEngine 2023
$
Platform: StartEngine
Security Type: Equity - Common
Valuation: $9,000,000

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