Powur

Powur

Growth Stage

Accelerating the adoption of sustainable energy

Accelerating the adoption of sustainable energy

Overview

Raised to Date: Raised: $3,558,736

Total Commitments ($USD)

Platform

Wefunder

Start Date

08/12/2021

Close Date

09/03/2021

Min. Goal
$500,003
Max. Goal
$4,999,996
Min. Investment

$250

Security Type

Equity - Common

Series

Series A

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$9.59

Pre-Money Valuation

$224,916,936

Rolling Commitments ($USD)

Status
Funded
Reporting Date

09/29/2021

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

$169,464

# of Investors

1,929

Momentum
Funded
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Year Founded

2014

Industry

Energy, Power, & Natural Resources

Tech Sector

Cleantech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

Low

Location

Carlsbad, California

Business Type

Growth

Company Website

Powur, with a valuation of $225 million, is raising funds on Wefunder. It is a solar company in the cloud that aims to provide sustainable essential services at low costs. The technology will be used in storage, energy, food, water, materials, transportation, and housing. Powur reported a 1,000% year-over-year revenue growth in 2020 and generated a revenue of $96 million. The current crowdfunding campaign has a minimum target of $500,003 and a maximum target of $4,999,996. The campaign proceeds will be used to develop software applications to advance the scalability of Powur and advance operational initiatives for expanding internal services and automation.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$96,086,389

$8,419,929

COGS

$57,501,999

$3,779,270

Tax

$766,195

$0

 

 

Net Income

$4,795,255

$-229,515

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$18,556,007

$2,067,911

Accounts Receivable

$5,021,684

$1,072,886

Total Assets

$29,023,147

$3,749,211

Short-Term Debt

$22,049,884

$3,428,153

Long-Term Debt

$871,619

$18,637

Total Liabilities

$22,921,503

$3,446,790
Financials as of: 08/12/2021
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Powur 09/02/2021 Wefunder $224,916,936 $3,558,736 Equity - Common Funded RegCF
Powur 05/18/2017 Wefunder $7,000,000 $1,273,982 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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Powur on Wefunder 2021
Platform: Wefunder
Security Type: Equity - Common
Valuation: $224,916,936
Price per Share: $9.59

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