Vroom Solar
Early Stage
Simplified Solar For You
Overview
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
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
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 |
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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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