EnergyX

Neutral
BETA

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

Analytics

Raised to Date: $1,070,000

Aggregate Commitments $
Platform

Netcapital

Start Date

12/10/2020

Close Date

02/12/2021

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

Weekly Commitments $
Status

Active

Reporting Date

01/27/2021

Days Remaining

15

% of Min. Goal

10,700%

% of Max. Goal

100%

Likelihood of Max
Avg. Daily Raise

$22,292

Momentum
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

Ratings

last updated 01/28/2021

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Analyst Report

Neutral
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