Quioveo Energy
Early Stage
Unlocking an electric grid that runs on 100% sustainable renewable energy
Overview
Raised: $62,644
Total Commitments ($USD)
Platform
Wefunder
Start Date
03/14/2021
Close Date
06/23/2021
Min. Goal
$50,000
Max. Goal
$250,000
Min. Investment
$100
Security Type
Convertible Note
Series
Pre-Seed
SEC Filing Type
RegCF
Early Bird Val. Cap
$4,000,000
Valuation Cap
$5,000,000
Discount
0%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
06/29/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$626
# of Investors
143
Momentum
Funded
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Year Founded
2018
Industry
Energy, Power, & Natural Resources
Tech Sector
Cleantech
Distribution Model
B2B
Margin
Medium
Capital Intensity
Low
Quioveo Energy, with a valuation cap of $5 million, is raising funds on Wefunder. The company will support the widespread adoption of sustainable and renewable energy and aims to design a robust electrical grid. The grid of Quioveo Energy will allow electricity from sustainable sources to flow efficiently and affordably. Leo Alicante founded Quioveo Energy in October 2018. The proceeds of the current crowdfunding round, with a minimum raise of $50,000 and a maximum raise of $250,000, will be used towards engineering costs to develop Illuminator and its go-to-market expenses. Quioveo Energy is being developed in partnership with top scientists from The Wharton School. The solution aims to democratize access and ownership of energy.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-25,810 |
$-13,720 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$100 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$7,885 |
$4,315 |
|
Short-Term Debt |
$3,496 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$3,496 |
$0 |
Financials as of: 03/14/2021
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