About this raise
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.
Investment Overview
Invested $388,796 :
Deal Terms
Company & Team
Company
- Year Founded
- 2017
- Industry
- Energy, Power, & Natural Resources
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Medium
- Capital Intensity
- High
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $159,121
- VC Backed?
- No
Growth Charts
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.
Valuation History
Price per Share History
Note: Share prices shown in earlier rounds may not be indicative of any stock splits.