About this raise: WiGL, with a valuation of $147 million, is raising funds on StartEngine through Reg A+ crowdfunding. It is a wireless power company bringing new technologies developed for the Department of Defense to improve the value proposition of other goods and services. People will be able to ditch cords and wires and use WiGL’s network to power their devices. WiGL works on a fully patented technology and is led by a team of strong founders with experience in the Air Force, MIT, and BAE Systems. Dr. Ahmad Glover founded WiGL in February 2020. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $20,000,000. The campaign proceeds will be used for research and development, working capital needs, marketing, and employment-related needs.

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Investment Overview

Invested this round: $8,244,919

Deal Terms

Total Commitments ($USD)

Platform
StartEngine
Start Date
11/30/2021
Close Date
Not Provided
Min. Goal
$10,350
Max. Goal
$26,000,000
Min. Investment

$501

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegA+    Open SEC Filing

Price Per Share

$1.58

Pre-Money Valuation

$147,000,000

Company & Team

Company

Year Founded
2020
Industry
Consumer Products, Goods & Services
Tech Sector
Hardwaretech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
High
Location
Hampton, Virginia
Business Type
Growth
Company Website
Visit Website

Team

Employees
5
Prior Founder Exits?
No
Founder Name
Ahmad Glover
Title
CEO, CFO, COO

Financials

 Revenue
$24,946
 Monthly Burn
$65,757
 Runway
23.3 months

Balance Sheet

Cash and Cash Equivalents

$1,534,083

Investment Securities

$0

Total Investments

$0

Accounts and Notes Receivable

$0

Loans

$0

Property, Plant and Equipment (PP&E)

$69,108

Property and Equipment

$0

Total Assets

$2,996,872

Accounts Payable & Accrued Liabilities

$17,535

Policy Liabilities and Accruals

$0

Deposits

$0

Long Term Debt

$0

Total Liabilities

$17,535

Total Stockholders' Equity

$2,979,337

Total Liabilities and Equity

$2,996,872

Statement of Comprehensive Income Information

Total Revenues

$24,946

Total Interest Income

$0

Costs & Expenses Applicable to Rev

$847,445

Total Interest Expenses

$0

Depreciation and Amortization

$3,355

Net Income

$-789,082

Earnings Per Share - Basic

$0.00

Earnings Per Share - Diluted

$0.00

Auditor: Artesian CPA
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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/01/2025 PicMii $179,018,972 $233,699 Equity - Common Active RegCF
03/26/2024 StartEngine $147,000,000 $8,244,919 Equity - Common Funded RegA+
07/28/2021 StartEngine $56,050,000 $5,001,541 Equity - Common Funded RegCF
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Growth Charts

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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WiGL on StartEngine 2022
Platform: StartEngine
Security Type: Equity - Common
Valuation: $147,000,000
Price per Share: $1.58

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Follow WiGL on StartEngine 2022

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