Prime Lightworks

Renewable Electric Propulsion

Analytics

Raised to Date: $1,069,888

Aggregate Commitments $
Platform

StartEngine

Start Date

12/23/2019

Close Date

04/23/2021

Min. Goal

$9,999

Max. Goal

$1,069,999

Min. Investment

$200

Security Type

Equity - Common

Funding Type

RegCF

Series

Seed

Pre-Money Valuation

$10,200,000

Rolling Commitments $
Status

Active

Reporting Date

04/21/2021

Days Remaining

1

% of Min. Goal

10,700%

% of Max. Goal

100%

Likelihood of Max
extremely
Avg. Daily Raise

$2,206

# of Investors

1,963

Momentum
cold
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Location

Torrance, California

Industry

Transportation, Automotive, Aviation, & Aerospace

Tech Sector

Hardwaretech

Distribution Model

B2B

Margin

High

Capital Intensity

High

Business Type

High Growth

Prime Lightworks is raising funds on StartEngine via Equity with a $10.2 million valuation cap. The team at Prime Lightworks is creating a spacecraft propulsion system that runs fully on electricity. Founder & CEO Kyle Flanagan was named to Forbes 30 Under 30 in Science and is a Y Combinator Alum. The solution, which could eliminate the need for spacecraft fuel, taps into the $1B satellite propulsion market. The minimum investment amount for Prime Lightworks is $199.82 and the minimum target for the round is $9999.
Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-590,786

$-469,843

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$87,018

$360,101

Accounts Receivable

$0

$0

Total Assets

$365,149

$624,382

Short-Term Debt

$28,267

$12,403

Long-Term Debt

$1,513,549

$1,213,549

Total Liabilities

$1,541,816

$1,225,952

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