PI Energy

PI Energy

Growth Stage

Creating new solar energy markets

Creating new solar energy markets

Overview

Raised to Date: Raised: $1,126,409

Total Commitments ($USD)

Platform

StartEngine

Start Date

05/30/2021

Close Date

06/21/2022

Min. Goal
$10,000
Max. Goal
$3,938,288
Min. Investment

$500

Security Type

Equity - Common

Series

Series A

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$12.50

Pre-Money Valuation

$87,861,525

Rolling Commitments ($USD)

Status
Funded
Reporting Date

06/29/2022

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$2,918

# of Investors

844

Momentum
Funded
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Year Founded

2010

Industry

Energy, Power, & Natural Resources

Tech Sector

Cleantech

Distribution Model

B2B

Margin

Medium

Capital Intensity

High

Location

San Diego, California

Business Type

Growth

Pacific Integrated Energy, with a pre-money valuation of $87.9 million, is raising crowdfunding on StartEngine. The company deals in solar technology and is developing the next generation of solar photovoltaic materials. The solar nanofilms developed by Pacific Integrated Energy are thin and flexible and come with low installation costs. Phil Layton and David Andresen founded Pacific Integrated Energy in August 2010. The proceeds of the current crowdfunding round, with a minimum raise of $10,000 and a maximum raise of $3,938,287, will be used to expand and create new markets. Pacific Integrated Energy is led by a great team of innovation, technology, and industry experts. The business aims to revolutionize the solar technology industry and help grow clean energy.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$6,500

$6,000

COGS

$4,807

$0

Tax

$0

$0

 

 

Net Income

$-1,211,884

$-1,872,477

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$251,219

$148,318

Accounts Receivable

$4,715

$8,453

Total Assets

$495,112

$179,794

Short-Term Debt

$205,883

$134,546

Long-Term Debt

$476,268

$176,268

Total Liabilities

$682,151

$310,814

Financials as of: 05/30/2021
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
PI Energy 06/20/2022 StartEngine $87,861,525 $1,126,409 Equity - Common Funded RegCF
Pacific Integrated Energy 10/26/2020 StartEngine $67,934,930 $1,070,000 Equity - Common Funded RegCF
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Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Valuation History

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Employee History

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PI Energy on StartEngine 2021
Platform: StartEngine
Security Type: Equity - Common
Valuation: $87,861,525
Price per Share: $12.50

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