WeSolar

WeSolar

Closed: Aug. 2022

About this raise

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.

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Investment Overview

Invested this round: $185,500

Deal Terms

Total Commitments

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

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$10,000,000

Discount

20%

Company & Team

Company

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
Company Website
Visit Website

Team

Employees
1
Prior Founder Exits?
No
Founder Name
Kristal Hansley
Title
CEO

Financials

 Revenue
$29,781
 Monthly Burn
$4,330
 Runway
7.2 months

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

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$1,750,009
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
08/12/2022 Raise Green $10,000,000 $185,500 Convertible Note Funded RegCF
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Add to portfolio
WeSolar on Raise Green 2022
Platform: Raise Green
Security Type: Convertible Note
Valuation: $10,000,000

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

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