WeSolar

WeSolar

Early Stage

Community Solar firm in the US

Community Solar firm in the US

Overview

Raised this Round: Raised: $185,500

Total Commitments ($USD)

Platform

Raise Green

Start Date

06/19/2022

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    Open SEC Filing

Valuation Cap

$10,000,000

Discount

20%

Year Founded

2020

Industry

Energy, Power, & Natural Resources

Tech Sector

Cleantech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

High

Location

Chevy Chase, Maryland

Business Type

Growth

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: 06/19/2022
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WeSolar on Raise Green 2022
Platform: Raise Green
Security Type: Convertible Note
Valuation: $10,000,000

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