WeSolar

WeSolar

Early Stage

Community Solar firm in the US

Community Solar firm in the US

Overview

Raised to Date: 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    Open SEC Filing

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
Create a free account today to gain access to KingsCrowd analytics.
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: 06/20/2022
Create a free account today to gain access to KingsCrowd analytics.

Upgrade to gain access

Pay Monthly
Annually (Save 17%)

Edge

$25 /month
billed annually
Free portfolio tracking, data-driven ratings, AI analysis and reports
Plan Includes:
Everything in Free, plus
Company specific KingsCrowd ratings and analyst reports
Deal explorer and side-by-side comparison
Startup exit and failure tracking
Startup market filters and historical industry data
Advanced company search ( with ratings)
Get Edge Annual
Already a member? Log in here.

Ratings KingsCrowd Startup Rating Methodology Article

Blurred Ratings Bars Blurred Ratings Bars
Founders: enhance your startup's credibility on KingsCrowd. Create an account to claim this raise page.

Create your first portfolio

Create your own startup investment portfolio on KingsCrowd.

Track all of your startup investments in one place using our state-of-the-art portfolio tracker tools. To begin, create your first portfolio below.

Add to portfolio
WeSolar on Raise Green 2022
Platform: Raise Green
Security Type: Convertible Note
Valuation: $10,000,000

Follow company

Follow WeSolar on Raise Green 2022

Buy WeSolar's Deal Report

Warning: according to the close date for this deal, WeSolar may no longer be accepting investments.

WeSolar Deal Report

Get KingsCrowd’s comprehensive report on WeSolar including:

  • How our proprietary algorithm rates their current capital raise (1-5 stars)
  • Detailed price, market, team, differentiators, performance, and risk ratings
  • Whether WeSolar is undervalued or overvalued
  • Scores on the founding team and key personnel's background and expertise

Buy the WeSolar deal report for only $10!

Email address:
Looking to buy more than one deal report? Get unlimited reports by upgrading to Edge