Elm Lea Renewable Energy
Invest in a solar array for an innovative school in Vermont.
Overview
Raised: $250,000
Total Commitments ($USD)
Platform
Raise Green
Start Date
03/25/2021
Close Date
05/14/2021
Min. Goal
$50,000
Max. Goal
$250,000
Min. Investment
$500
Security Type
Debt
Series
Seed
SEC Filing Type
RegCF
Rolling Commitments ($USD)
Status
Funded
Reporting Date
05/30/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$5,102
# of Investors
44
Momentum
Funded
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Year Founded
2015
Industry
Education, Training, & Coaching
Tech Sector
Non-Tech
Distribution Model
B2B
Margin
Low
Capital Intensity
High
Elm Lea Renewable Energy, a wholly-owned subsidiary of Solaris Investment Group, is raising funds on Raise Green. The company provides the Putney School in Vermont with clean energy using solar panel arrays. The solar project provides renewable energy to 28 buildings and has been functional over the past 4.5 years. Alexander Blackmer founded Elm Lea Renewable Energy in 2015. The current crowdfunding round has a minimum goal of $50,000 and a maximum goal of $250,000, and the funds will be used to refinance the existing solar array, financing, and legal and accounting expenses. Elm Lea Renewable Energy has a proven track record of providing clean energy and generating revenue for over four years. It has a 20-year contract with Putney for purchasing the energy generated from the project.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$103,045 |
$103,045 |
|
COGS |
$9,616 |
$12,180 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$90,753 |
$87,209 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$90,753 |
$87,209 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$90,753 |
$87,209 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 03/25/2021
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