EnergyX

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

Analytics

Raised to Date:
$1,070,000 - RegCF
$1,521,935 - Total
Aggregate Commitments $
Platform

Netcapital

Start Date

12/10/2020

Close Date

02/05/2021

Min. Goal

$10,000

Max. Goal

$1,069,998

Min. Investment

$103

Security Type

Equity - Common

Funding Type

RegCF / RegD 506(C)

Series

Seed

Pre-Money Valuation

$54,114,620

Rolling Commitments $
Status
Funded
Reporting Date

02/28/2021

Days Remaining
Funded
% of Min. Goal

10,700%

% of Max. Goal

100%

Likelihood of Max
Funded
Avg. Daily Raise

$18,772

Momentum
Funded
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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

Growth

EnergyX, with a post-money valuation of $57.18 million, is raising crowdfunding on NetCapital. The company is leading the global transition to renewable energy. It has developed the next-generation battery technology and direct lithium extraction technology and built Lithium-ion Transport and Separation( LiTAS). Teague Egan founded EnergyX in 2018. The current crowdfunding campaign has a minimum raise of $10,000 and a maximum raise of $1,069,998. 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

$-786,027

$0

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$159,939

$0

Accounts Receivable

$0

$0

Total Assets

$171,801

$0

Short-Term Debt

$102,250

$0

Long-Term Debt

$313,000

$0

Total Liabilities

$415,250

$0

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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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