Ichor
Early Stage
Our injectors increase diesel fuel economy up to 30% & decrease emissions by 90%
Overview
Raised: $0
Total Commitments ($USD)
Platform
Wefunder
Start Date
03/25/2021
Close Date
04/13/2021
Min. Goal
$1,000,000
Max. Goal
$1,070,000
Min. Investment
$100
Security Type
Equity - Common
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$5.35
Early Bird Valuation
$81,841,778
Pre-Money Valuation
$90,935,309
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
04/13/2021
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$0
Momentum
Not Funded
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Year Founded
2018
Industry
Transportation, Automotive, Aviation, & Aerospace
Tech Sector
Hardwaretech
Distribution Model
B2B
Margin
Medium
Capital Intensity
High
Ichor, with a pre-money valuation of $90.9 million, is raising crowdfunding on Wefunder. The company is developing injectors to drive up diesel fuel economy to 30% and decrease emissions by 90%. The solution has the potential to combat climate change and reduce emissions. Trevor Bates founded Ichor in 2018. The current crowdfunding round has a minimum target of $1,000,000 and a maximum target of $1,070,000, and the funds will be used for social media marketing, payroll taxes and benefits, office expenses, hardware engineering, software engineering, and license fee. Ichor is a Geneva award winner and has patents filed in over 25 countries.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$20 |
$20 |
| ||
| ||
|
Net Income |
$-75,104 |
$-22,676 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$40,822 |
$895 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$1,040,822 |
$1,000,895 |
|
Short-Term Debt |
$1,137,602 |
$1,022,571 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$1,137,602 |
$1,022,571 |
Financials as of: 03/25/2021
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