Vroom Solar

Vroom Solar

Early Stage

The Power to Go Solar, Simplified

The Power to Go Solar, Simplified

Overview

Raised this Round: Raised: $53,835

Total Commitments ($USD)

Platform

StartEngine

Start Date

06/18/2024

Close Date

09/18/2024

Min. Goal
$14,993
Max. Goal
$617,990
Min. Investment

$252

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$16.79

Pre-Money Valuation

$14,995,837

Year Founded

2017

Industry

Energy, Power, & Natural Resources

Tech Sector

Cleantech

Distribution Model

B2B2C

Margin

Medium

Capital Intensity

Location

Springfield, Missouri

Business Type

Growth

Vroom Solar, with a valuation of $15 million, is raising funds on StartEngine. The company makes do-it-yourself solar energy kits for portable applications. Vroom Solar’s off-grid DIY solar energy kits are expected to produce five to ten times the output of traditional battery-based portable energy systems and are more cost-effective and sustainable. The product is currently in development, and the company is pre-revenue, 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 $14,993.47 and a maximum target of $617,989.53. The campaign proceeds will be used for research and development, operations, working capital, and inventory.

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-851,979

$-162,055

Summary Balance Sheet

FY 2023 FY 2022

Cash

$44,363

$14,279

Accounts Receivable

$0

$0

Total Assets

$448,411

$16,029

Short-Term Debt

$318,988

$175,047

Long-Term Debt

$745,175

$0

Total Liabilities

$1,064,163

$175,047

Financials as of: 06/18/2024
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Vroom Solar 09/17/2024 StartEngine $14,995,837 $53,835 Equity - Common Active RegCF
Vroom Solar 06/01/2023 StartEngine $9,000,000 $388,796 Equity - Common Funded RegCF
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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.

Employee History

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Add to portfolio
Vroom Solar on StartEngine 2024
Platform: StartEngine
Security Type: Equity - Common
Valuation: $14,995,837
Price per Share: $16.79

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