WeSolar
Early Stage
Community Solar firm in the US
Overview
Raised: $185,500
Total Commitments ($USD)
Platform
Raise Green
Start Date
06/20/2022
Close Date
08/12/2022
Min. Goal
$100,000
Max. Goal
$250,000
Min. Investment
$100
Security Type
Convertible Note
Series
Seed
SEC Filing Type
RegCF
Valuation Cap
$10,000,000
Discount
20%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
08/31/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$3,500
Momentum
Funded
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Year Founded
2020
Industry
Energy, Power, & Natural Resources
Tech Sector
Cleantech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
High
WeSolar, with a valuation of $10 million, is raising funds on Raise Green. It is a social impact company that uses technology and policy to deliver community solar energy to underrepresented communities. WeSolar is nationally recognized for Community Solar and has a proven track record of over 5MW of subscribed solar offtake to date. The company is also working on developing a pilot 8MW solar project with a signed contract with the University of Maryland Medical Center. Kristal Hansley founded WeSolar in June 2020. The current crowdfunding campaign has a minimum target of $100,000 and a maximum target of $250,000. The campaign proceeds will be used for operational expenses and hiring expenses.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$29,781 |
$17,018 |
|
COGS |
$80,945 |
$8,365 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-51,961 |
$8,653 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$31,028 |
$8,653 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$32,341 |
$8,653 |
|
Short-Term Debt |
$50,265 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$50,265 |
$0 |
Financials as of: 06/20/2022
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