Zero Labs (2024)

Zero Labs (2024)

About this raise

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.

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Investment Overview

Committed [Withdrawn]: $21,000

Deal Terms

Total Commitments

Platform
DealMaker Securities
Start Date
09/18/2023
Close Date
02/29/2024
Min. Goal
$25,000
Max Goal
$4,999,991
Min. Investment

$1,000

Security Type

Equity - Common

Company Stage

Growth Stage

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$10.00

Pre-Money Valuation

$100,000,000

Company & Team

Company

Year Founded
2016
Industry
Transportation, Automotive, Aviation, & Aerospace
Tech Sector
Cleantech
Distribution Model
B2C
Margin
Low
Capital Intensity
High
Location
Gardena, California
Business Type
Growth
Company Website
Visit Website

Team

Employees
31
Prior Founder Exits?
Yes
Founder Name
Adam Roe
Title
CEO and Product Architect

Financials

 Revenue +36% YoY
$606,681
as of FY2022
 Monthly Burn
$263,326
as of FY2022
 Runway
0.5 months
as of FY2022

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

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$1,096,000
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/30/2024 StartEngine $100,000,000 $0 Equity - Common Not Funded RegCF
02/29/2024 DealMaker Securities $100,000,000 $21,000 Equity - Common Withdrawn 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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Add to portfolio
Zero Labs on Dealmaker Securities 2023
Platform: DealMaker Securities
Security Type: Equity - Common
Valuation: $100,000,000
Price per Share: $10.00

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Follow Zero Labs on Dealmaker Securities 2023

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

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