BatteryXchange

BatteryXchange

Early Stage

Live Life Charged!

Live Life Charged!

Overview

Raised to Date: Raised: $113,975

Total Commitments ($USD)

Platform

Localstake

Start Date

10/27/2019

Close Date

10/27/2020

Min. Goal
$86,000
Max. Goal
$716,000
Min. Investment

$250

Security Type

Convertible Note

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$4,000,000

Discount

20%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

10/31/2020

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

$312

# of Investors

93

Momentum
Funded
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Year Founded

2019

Industry

Consumer Products, Goods & Services

Tech Sector

Hardwaretech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

Low

Location

Charlotte, North Carolina

Business Type

Life Style

BatteryXchange, with a $4 million valuation cap, is raising funds on LocalStake. The company has created an on-the-go charging solution in the form of mobile chargers. The product of BatteryXchange has been tested over the past year and is ready to come to the market. BatteryXchange will cater to special event venues like convention centers and sporting arenas and will have charging kiosks at bars and restaurants. The company was founded by Desmond A Wiggan Jr. and Aubrey K Annoh-Yeboah and has raised over $125,000 since its inception. The proceeds of the current round of crowdfunding, with a minimum raise of $86,000 and a maximum raise of $716,000, will be used for product development, inventory building, hiring, marketing and sales, and location buildout. BatteryXchange has conducted 25 pilots at various events, conferences, bars, and restaurants, and already has over 1,000 users.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$0

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$0

$0

Accounts Receivable

$0

$0

Total Assets

$0

$0

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

Financials as of: 10/27/2019
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BatteryXchange on Localstake
Platform: Localstake
Security Type: Convertible Note
Valuation: $4,000,000

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