YouSolar, Inc.

YouSolar, Inc.

Power your life. Independently.™

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Security Type
Other
Categories
Other
Min Investment
$250
Location
Emeryville, CA
Offering Date
May 15, 2020
Expected Close Date
August 14, 2020
Target Raise
$10.00K-$1.07M
Deal Notes

Security Type: Common B

$0.17 per share

Valuation
$10,000,000

Company Description

YouSolar is the innovative clean-energy company that created the PowerBloc™, a revolutionary solar+battery system for the home or business that delivers resilient and clean power for a modern world. The highly efficient PowerBloc, has ample power to run an entire house or business, including high-demand appliances such as air conditioners. The PowerBloc™ uses a patented modular power architecture that allows seamless integration of solar, utility and even generator power. Its proprietary power electronics are super-lightweight and compact. The patented stackable, plug-and-play cabinet allows for easy shipment and one-person installation. The PowerBloc aims to democratize power and deliver an impactful technology to fight climate change.

Perks

$500+ YouSolar-branded organic cotton T-shirt. (A female version is available.)
$1,000+ YouSolar-branded visor hat.
$2,500+ YouSolar-branded organic cotton T-shirt and visor hat.
$5,000+ YouSolar-branded titanium sports bottle + 5% bonus shares.
$20,000+ Wonderfully crafted, stackable model of the PowerBloc power unit for your desk. (Works as a "stress toy" or paperweight.) + 10% bonus shares.

Key Deal Facts

The PowerBloc™ is a patented, fully-integrated, and high-performance solar+battery system with a lean cost structure resulting in a target margin of 40% at a competitive price.
For over eight months a PowerBloc™ has been the only power source to an off-grid house in Big Sur, California, and we are currently installing systems in two more homes in California.
The Massachusetts Institute of Technology (MIT) Angels of Northern California led YouSolar’s Series A round in December of 2018, and we were a National Finalist in the 2018 CleanTech Open.

Use of Proceeds

Marketing, Operations, Research & Development, StartEngine Platform Fees

Management Team / Advisory Board Bios

Arnold Leitner
Founder, CEO and President
Arnold is a clean-tech pioneer. His first company, SkyFuel, re-invented concentrating solar power technology. SkyFuel’s high-precision parabolic trough uses mirror film technology licensed from the National Renewable Energy Laboratory (NREL) instead of glass mirrors and won the R&D 100 Award. It was featured as one of the major clean-tech accomplishments as part of the 40th anniversary of the National Renewable Energy Laboratory. Arnold holds a PhD in Physics from CU Boulder and an MBA from Columbia.

Gene Krzywinski
Power Electronics
Gene is the founding CEO of eIQ Energy and inventor of the patented DC-DC micro-converter that is key to YouSolar’s innovative power architecture. In addition to being a serial entrepreneur, he has also been successful in the corporate world. Gene was VP of Sales and Marketing for Impala Linear Corp where he turned the company around and led its sale to Fairchild Semiconductor. Gene has a BSEE in semiconductors from Rutgers College of Engineering. Gene works as a consultant for YouSolar via his company eIQ Energy on Power Electronics.

Coleman Moore
Controls and Communication
Coleman’s career in software engineering has spanned more than 35 years with extensive experience in electronics and product design engineering. As one of his notable projects, he led the software team at United Technologies Corporation that designed the fire suppression systems for the Airbus A380 and Boeing Dreamliner. Over the past decade, Coleman has specialized in software for solar applications. While with SkyFuel, he created a wireless solar field controller for single axis tracking and SCADA interface of the solar array to the rest of the power plant. Coleman holds a BS in Electrical Engineering from Southwest University. Coleman works full-time for YouSolar handling controls and communication.

David Fillmore
Solar Forecasting and Optimization
David Fillmore has worked professionally for 20 years in the fields of computational physics and software architecture. From 1998 to 2005 he was an associate scientist at the National Center for Atmospheric Research. From 2005 to 2016 David held positions as a software developer and senior research scientist at Tech-X Corporation. While at Tech-X he worked on the simulation of solar irradiance and the estimation surface solar irradiance based on satellite observations under grants from the National Aeronautics and Space Administration’s Science Mission Directorate. David received a B.S. in Physics from the University of California, Santa Cruz, and a Ph.D. in Astrophysics and Atmospheric Science from the University of Colorado, Boulder. David handles solar forecasting for YouSolar.

Micheal W. Allman
Board Member/Investor
Mike has held numerous executive roles in the power and gas industry. Mike was the CEO for Sempra Generation and the CEO of the Southern California Gas Company. While at Sempra Mike built the ground-breaking 10 MW “Eldorado” solar plant in Nevada which was the first solar project to use thin-film solar panels. Within a decade Sempra and other developers built thousands of megwatts of utility solar power projects in the America’s Desert Southwest. Mike holds a MBA from the University of Chicago BS in Chemical Engineering from Michigan State.

Safal K. Joshi
Board Member/Investor
Saf Joshi has over 20 years of direct energy industry experience. Saf was the Senior Vice President and Associate General Counsel of TXU Corp. He was TXU’s lead corporate counsel on TXU’s $45 billion leveraged buyout by KKR, TPG and Goldman Sachs – the largest US leveraged buyout. Saf holds a bachelors degree in government from Cornell University and a law degree from Fordham University.

Deal Notes

Security Type: Common B

$0.17 per share

Amount Raised : $1,069,846
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