Prime Lightworks

Underweight
BETA

Renewable Electric Propulsion

Analytics

Raised to Date: $408,086

Aggregate Commitments $
Platform

StartEngine

Start Date

12/23/2019

Close Date

01/21/2021

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

Weekly Commitments $
Status

Active

Reporting Date

10/28/2020

Days Remaining

83

% of Min. Goal

4,081%

% of Max. Goal

38%

Likelihood of Max
Avg. Daily Raise

$1,316

# of Investors

847

Momentum
Location
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

$0

Total Liabilities

$1,541,816

$1,225,952

Ratings

last updated 10/29/2020

Ratings Platform - Beta Trial

Our new ratings and analytics platform is currently in Beta. To gain access to the Beta platform features, upgrade to a Pro paid account and accept the Beta terms on any page.

For a limited time, use coupon code "TRYMERLIN20" for a free 20 day trial of Kingscrowd Pro and Merlin Beta. Your paid subscription will activate at the end of 20 days. Cancel anytime.

Analyst Report

Underweight
Ratings Platform - Beta Trial

Our new ratings and analytics platform is currently in Beta. To gain access to the Beta platform features, upgrade to a Pro paid account and accept the Beta terms on any page.

For a limited time, use coupon code "TRYMERLIN20" for a free 20 day trial of Kingscrowd Pro and Merlin Beta. Your paid subscription will activate at the end of 20 days. Cancel anytime.
Other Deals

Dollaride on Republic

The Dollaride team has been selected as a “Deal to Watch” by KingsCrowd. This distinction is reserved for…

Crowd
Upshift on Republic

Upshift has been selected as a “Deal to Watch” by KingsCrowd. This distinction is reserved for deals selected…

Crowd
Liberty Access Technologies on StartEngine

The Liberty Access Technologies team has been selected as a “Deal to Watch” by KingsCrowd. This distinction is…

Crowd
Create your first portfolio
WELCOME TO YOUR OWN INVESTMENTS PORTFOLIO ON KINGSCROWD.

Now you can track all of your startup investments in one place utilizing our state-of-the-art portfolio tracker tools. To begin, create your first portfolio below.

Add to portfolio
Add Prime Lightworks on StartEngine
Follow company
Follow Prime Lightworks on StartEngine