Zero Labs

Zero Labs

Growth Stage

Relentless Design Innovation

Relentless Design Innovation

Overview

Raised to Date: Raised: $14,309

Total Commitments ($USD)

Platform

StartEngine

Start Date

02/19/2024

Close Date

04/29/2024

Min. Goal
$15,000
Max. Goal
$5,000,000
Min. Investment

$500

Security Type

Equity - Common

Series

Series A

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$12.50

Pre-Money Valuation

$100,000,000

Rolling Commitments ($USD)

Status

Active

Reporting Date

04/15/2024

Days Remaining

14

% of Min. Goal

95%

% of Max. Goal

0%

Likelihood of Max
unlikely
Avg. Daily Raise

$256

# of Investors

17

Momentum
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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

Zero Labs, with a valuation of $100 million, is raising funds on StartEngine. 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 77,500 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 $15,000 and a maximum target of $5 million. The campaign proceeds will be used for the growth of the fabrication and manufacturing team.

Summary Profit and Loss Statement

FY 2023 FY 2022

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 2023 FY 2022

Cash

$126,224

$387,971

Accounts Receivable

$64,053

$0

Total Assets

$2,135,582

$1,553,287

Short-Term Debt

$554,641

$243,286

Long-Term Debt

$1,096,000

$0

Total Liabilities

$1,650,641

$243,286

Financials as of: 02/19/2024
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Zero Labs 04/29/2024 StartEngine $100,000,000 $14,309 Equity - Common Active RegCF
Zero Labs 02/28/2024 Dealmaker Securities $100,000,000 $21,000 Equity - Common Not Funded RegCF
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Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Valuation History

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.

Employee History

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Zero Labs on StartEngine 2024
Platform: StartEngine
Security Type: Equity - Common
Valuation: $100,000,000
Price per Share: $12.50

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