Carnot Compression

Deal To Watch
BETA

Sustainable oil-free air compressors

Analytics

Raised to Date: $246,659

Aggregate Commitments $
Platform

StartEngine

Start Date

05/28/2020

Close Date

10/26/2020

Min. Goal

$10,000

Max. Goal

$1,070,000

Min. Investment

$250

Security Type

Equity - Common

Funding Type

RegCF

Series

Seed

Pre-Money Valuation

$11,300,000

Weekly Commitments $
Status

Active

Reporting Date

10/18/2020

Days Remaining

6

% of Min. Goal

2,467%

% of Max. Goal

23%

Likelihood of Max
Avg. Daily Raise

$1,725

# of Investors

408

Momentum
Location

Scotts Valley, CA

Industry

Industrial Services

Tech Sector

Cleantech

Distribution Model

B2B

Margin

Low

Capital Intensity

High

Business Type

Growth

Carnot Compression, with a pre-money valuation of $11.3 million, is raising funds on StartEngine. The company has developed a patented method to reduce the heat generated by compression and has created oil-free air compressors. The technology allows for air compression in an isothermal manner, reducing the operating costs and improving efficiency. Carnot Compression was founded by Todd Thompson and Hans Shillinger in 2014 and has received numerous grants from the California Energy Commission and the National Science Foundation. The current round of crowdfunding has a minimum target of $10,000 and a maximum target of $1,070,000, and the funds will be used to bring the product to the market. Carnot Compression is led by leading experts from all over the world and is prepared to benefit a bevy of industries.

Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$811,760

$972,258

COGS

$618,456

$665,403

Tax

$0

$0

 

 

Net Income

$-15,625

$87,255

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$8,581

$17,004

Accounts Receivable

$140,220

$207,101

Total Assets

$495,432

$472,779

Short-Term Debt

$177,087

$312,562

Long-Term Debt

$206,120

$0

Total Liabilities

$383,207

$500,062

Ratings

last updated 10/20/2020

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Analyst Report

Deal To Watch
Ratings Platform - Beta Trial

Our new ratings and analytics platform is currently in Beta. To gain access to the Beta platform features, upgrade to a Pro paid account and accept the Beta terms on any page.

For a limited time, use coupon code "TRYMERLIN20" for a free 20 day trial of Kingscrowd Pro and Merlin Beta. Your paid subscription will activate at the end of 20 days. Cancel anytime.
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