Solar Roadways

Deal To Watch
BETA

Future of Roads

Analytics

Raised to Date: $1,057,553

Aggregate Commitments $
Platform

StartEngine

Start Date

12/24/2020

Close Date

04/30/2021

Min. Goal

$10,000

Max. Goal

$1,070,000

Min. Investment

$296

Security Type

Equity - Common

Funding Type

RegCF

Series

Seed

Pre-Money Valuation

$30,000,000

Weekly Commitments $
Status

Active

Reporting Date

01/27/2021

Days Remaining

92

% of Min. Goal

10,576%

% of Max. Goal

99%

Likelihood of Max
Avg. Daily Raise

$31,105

# of Investors

2,128

Momentum
Location

Sandpoint, Idaho

Industry

Energy, Power, & Natural Resources

Tech Sector

Cleantech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

High

Business Type

Growth

Solar Roadways, with a pre-money valuation of $30 million, is raising funds on StartEngine. It is the first company to develop Solar Road Panels, which opens up a brand-new market for the solar industry: all walking and driving surfaces. The crowdfunding round has a minimum raise of $10,000 and a maximum raise of $1,070,000. Solar Roadways was founded by husband and wife team Scott and Julie Brusaw. Solar Road Panels are intelligent, modular, strong infrastructure panels which have solar cells to produce clean energy in places where it was previously impossible: parking lots, sidewalks, driveways, bike paths, roads, playgrounds, airports, etc. Solar Roadways®’ research and development has been funded by three U.S. Department of Transportation contracts.

Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$211,392

$419,838

COGS

$123,479

$253,603

Tax

$0

$0

 

 

Net Income

$-90,085

$18,044

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$7,063

$46,957

Accounts Receivable

$0

$0

Total Assets

$202,678

$266,675

Short-Term Debt

$28,813

$2,725

Long-Term Debt

$0

$0

Total Liabilities

$28,813

$2,725

Ratings

last updated 01/28/2021

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