Zero Labs
Growth Stage
The world’s first platform for the scalable electrification of existing vehicles
Overview
Year Founded
2016
Industry
Transportation, Automotive, Aviation, & Aerospace
Tech Sector
Cleantech
Location
Gardena, California
Zero Labs, with a valuation of $100 million, is raising funds on Dealmaker Securities. The company has developed a platform for scalable electrification of existing vehicles. Zero Labs aims to electrify millions of existing combustion engine vehicles with its scalable solution and has signed reservations and inquiries for more than 75,000 conversions. The conversions using the Zero Labs solution do not require any advanced knowledge of battery engineering and provide a combination of EV performance, safety, and balance. Adam Roe founded Zero Labs in February 2016. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $4.99 million. The campaign proceeds will be used for operations and facilities, growth of the fabrication and manufacturing team, high voltage technology manufacturing, product development and procurement, tooling, sales and marketing, and certification and testing.
Summary Profit and Loss Statement
FY 2022 | FY 2021 | |
---|---|---|
Revenue |
$606,681 |
$446,100 |
COGS |
$920,252 |
$639,769 |
Tax |
$0 |
$0 |
| ||
| ||
Net Income |
$-3,159,906 |
$-2,179,645 |
Summary Balance Sheet
FY 2022 | FY 2021 | |
---|---|---|
Cash |
$126,224 |
$387,971 |
Accounts Receivable |
$64,053 |
$0 |
Total Assets |
$2,135,582 |
$1,553,286 |
Short-Term Debt |
$1,147,493 |
$0 |
Long-Term Debt |
$0 |
$1,096,000 |
Total Liabilities |
$1,147,493 |
$1,096,000 |
Financials as of: 09/18/2023
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