BatteryXchange

Neutral
BETA

Live Life Charged!

Analytics

Raised to Date: $121,275

Aggregate Commitments $
Platform

Localstake

Start Date

10/28/2019

Close Date

10/27/2020

Min. Goal

$86,000

Max. Goal

$716,000

Min. Investment

$250

Security Type

Convertible Note

Funding Type

RegCF

Series

Pre-Seed

Valuation Cap

$4,000,000

Discount Rate

20%

Weekly Commitments $
Status

Active

Reporting Date

10/25/2020

Days Remaining

0

% of Min. Goal

141%

% of Max. Goal

17%

Likelihood of Max
Avg. Daily Raise

$334

# of Investors

102

Momentum
Location
Industry

Consumer Products, Goods & Services

Tech Sector

Hardwaretech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

Low

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.

Ratings

last updated 10/27/2020

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