StorEn Technologies

StorEn answers the call for long-lasting, and affordable energy storage by developing evolutionary vanadium flow batteries.

Analytics

Raised to Date: $1,062,814

Aggregate Commitments $
Platform

StartEngine

Start Date

07/04/2019

Close Date

03/15/2020

Min. Goal

$9,996

Max. Goal

$1,070,000

Min. Investment

$252

Security Type

Equity - Common

Funding Type

RegCF

Series

Pre-Seed

Pre-Money Valuation

$28,100,000

Rolling Commitments $
Status
Funded
Reporting Date

03/31/2020

Days Remaining
Funded
% of Min. Goal

10,632%

% of Max. Goal

99%

Likelihood of Max
Funded
Avg. Daily Raise

$4,168

# of Investors

1,741

Momentum
Funded
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Location

Stony Brook, New York

Industry

Consumer Products, Goods & Services

Tech Sector

Cleantech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

High

Business Type

Growth

StorEn Technologies, with a pre-money valuation of $28.05 million, is raising funds on StartEngine. The company has developed a patent-pending all-vanadium battery technology that promises to provide affordable and long-lasting energy storage. The proprietary technology of StorEn Technologies assures efficient, cost-effective, and durable batteries. StorEn Technologies was founded by Carlo Brovero and Angelo D’Anzi and has already raised more than $650,000 in previous rounds of funding. The current round of crowdfunding has a minimum target of $10,000 and a maximum target of $724,000. StorEn Technologies has filed four patent applications that secure its innovative IP, and the company has already secured its first order of $500,000 from Australia.
Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$400

$0

 

 

Net Income

$-488,940

$-126,835

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$3,243

$15,007

Accounts Receivable

$0

$0

Total Assets

$3,243

$15,007

Short-Term Debt

$35,458

$0

Long-Term Debt

$35,458

$0

Total Liabilities

$70,916

$0

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Summary of Crowdfunding Raises
Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
04/30/2021 StartEngine $40,400,000 $4,807,284 Equity - Common Active RegA+
03/15/2020 StartEngine $28,100,000 $1,062,814 Equity - Common Confirmed Closed RegCF
01/08/2019 StartEngine $0 $659,824 Equity - Common Confirmed Closed RegCF
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