Solar Roadways
Future of Roads
Analytics
Raised to Date: $2,493,189
Aggregate Commitments $
Platform
StartEngine
Start Date
12/24/2020
Close Date
04/30/2021
Min. Goal
$10,000
Max. Goal
$2,500,000
Min. Investment
$296
Security Type
Equity - Common
Funding Type
RegCF
Series
Seed
Pre-Money Valuation
$30,000,000
Rolling Commitments $
Status
Active
Reporting Date
04/11/2021
Days Remaining
16
% of Min. Goal
24,932%
% of Max. Goal
100%
Likelihood of Max
Avg. Daily Raise
$23,085
# of Investors
3,108
Momentum
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Location
Sandpoint, Idaho
Industry
Energy, Power, & Natural Resources
Tech Sector
Cleantech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
High
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 |
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