EnergyX

EnergyX develops next generation battery technology and direct lithium extraction technology.

Analytics

Raised to Date: $1,404,248

Aggregate Commitments $
Platform

Netcapital

Start Date

05/10/2021

Close Date

07/01/2021

Min. Goal

$10,000

Max. Goal

$3,934,064

Min. Investment

$104

Security Type

Equity - Common

Funding Type

RegCF

Series

Series A

Pre-Money Valuation

$306,492,600

Rolling Commitments $
Status

Active

Reporting Date

06/13/2021

Days Remaining

18

% of Min. Goal

14,042%

% of Max. Goal

36%

Likelihood of Max
unlikely
Avg. Daily Raise

$41,301

Momentum
hot
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Location

Dorado, Puerto Rico

Industry

Energy, Power, & Natural Resources

Tech Sector

Cleantech

Distribution Model

B2B

Margin

High

Capital Intensity

High

Business Type

High Growth

EnergyX, with a post-money valuation of $310.4 million, is raising funds on NetCapital. The company is leading the global transition to renewable energy. It has developed the next-generation battery technology, direct lithium extraction technology, and built Lithium-ion Transport and Separation( LiTAS). Teague Egan founded EnergyX in 2018 and has raised over $9.7 million since the inception. The current crowdfunding campaign has a minimum raise of $10,000 and a maximum raise of $3,934,064. The proceeds of the raise will be used towards intellectual property, battery design, pilot plants, marketing, accounting, and other expenses. EnergyX already has agreements with four of the top ten lithium producers of the world. The company’s technology will improve lithium recovery rates from 30% to 90%.
Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-1,804,525

$-786,027

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$422,900

$159,939

Accounts Receivable

$0

$0

Total Assets

$524,554

$171,801

Short-Term Debt

$555,000

$0

Long-Term Debt

$1,552,330

$313,000

Total Liabilities

$2,107,330

$313,000

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Summary of Crowdfunding Raises
Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
EnergyX 07/01/2021 Netcapital $306,492,600 $1,404,248 Equity - Common Active RegCF
EnergyX 05/09/2021 Netcapital $306,492,600 $0 Equity - Common Funded Test the Waters
EnergyX 02/05/2021 Netcapital $54,114,620 $1,070,000 Equity - Common Funded RegCF
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