Enginuity Power Systems

Enginuity Power Systems

Growth Stage

Simply Efficient

Simply Efficient

Overview

Raised to Date: Raised: $1,148,360

Total Commitments ($USD)

Platform

StartEngine

Start Date

08/02/2021

Close Date

10/31/2021

Min. Goal
$9,974
Max. Goal
$2,999,977
Min. Investment

$580

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$38.66

Pre-Money Valuation

$91,849,163

Rolling Commitments ($USD)

Status
Funded
Reporting Date

10/30/2021

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$12,903

# of Investors

349

Momentum
Funded
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Year Founded

2015

Industry

Energy, Power, & Natural Resources

Tech Sector

Hardwaretech

Distribution Model

B2B

Margin

Low

Capital Intensity

High

Location

Alexandria, Virginia

Business Type

Growth

Company Website

Enginuity Power Systems, with a pre-money valuation of $91.8 million, is raising funds on StartEngine. The company has developed its E ONE micro-CHP system that efficiently delivers electricity, hot water, and heat to homes on demand. The appliance helps consumers save money and live their life comfortably both on and off the grid. Steve Niswander and James Warren founded Enginuity Power Systems in November 2015. The current crowdfunding round has a minimum goal of $9,974.28 and a maximum goal of $1,069,992.82, and the funds will be used to make the first-generation E ONE system available in limited quantities. Enginuity Power Systems’ award-winning technology is protected by 30 filed and pending patents. The initial market of the business consists of 80 million homes in the US using natural gas and propane.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$5,625,363

$0

COGS

$4,073,010

$0

Tax

$0

$0

 

 

Net Income

$-2,214,501

$-1,808,532

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$1,558,124

$1,877,070

Accounts Receivable

$723,406

$0

Total Assets

$8,158,686

$2,268,198

Short-Term Debt

$12,781,435

$13,531

Long-Term Debt

$1,517,683

$7,080,600

Total Liabilities

$14,299,118

$7,094,131
Financials as of: 08/02/2021
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Enginuity 03/09/2022 StartEngine $95,013,735 $1,102,472 Equity - Common Funded RegCF
Enginuity Power Systems 10/30/2021 StartEngine $91,849,163 $1,148,360 Equity - Common 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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Enginuity Power Systems on StartEngine 2021
Platform: StartEngine
Security Type: Equity - Common
Valuation: $91,849,163
Price per Share: $38.66

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