Sustainable, rechargeable li-ion batteries for a better future

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Security Type
Convertible Note
Financial Services, Technology, Retail, Energy, Education
Min Investment
Park City, , UT

Key Deal Facts

Patent-pending, Sustainable, Rechargeable li-ion Paleblue batteries disrupting single use batteries
Huge Market: $17B+ serviceable obtainable market.The battery market is projected to grow at 10% CAGR
Product Market Fit : over 1M+ Paleblue batteries sold since 2019. Product available in 20 countries
Exponential growth: 2022 revenue was $3.3 million, an increase of 180% YoY
Vast distribution via website sales, Amazon and 350 domestic retail locations; up from 30 last year
Actionable impact : saving hundreds of batteries, sales support verified conservations & non-profits
Experienced team with manufacturing, energy and startup backgrounds
Founders have combined 60+ years in product development and manufacturing

Management Team / Advisory Board Bios

Thomas Bishop CEO / Co-FounderTom has spent over a decade manufacturing systems and product lines for companies like Burton, Skullcandy, and Owlet. His leadership experience in product and operations along with advanced degrees in physics and materials science set Paleblue apart., Steve WarrenCOO / Co-FounderWith 25+ years in management experience for Consumer Electronics in Europe, USA and Asia, Steve’s expertise gives Paleblue its edge over other battery manufacturers. Steve has worked with tier one companies like PCH Int’l, Motorola, and Unilever., Dave Vogt Product DirectorDave is a trained industrial designer with 15+ years experience. During his career at companies like Skullcandy, Oculus, and Yandex, Dave co-founded 2 other start-up companies that leverage upcycling and sustainability., Jeff Earl Sales & MarketingWith 15+ years experience in sales and marketing, Jeff has become an expert at delivering exceptional customer experiences. During Jeff’s time at Skullcandy, Enso Rings, and Paleblue, he has helped bring multiple projects and products to life., Jeff Gilford CFOJeff co-founded BlackFord Partners in 2001 to provide CFO services to a portfolio of early stage technology and life science companies. He was the CFO for OrderFusion, and has closed over $300 million in venture and debt financing transactions., Kevin HorsburghBrand & CreativeKevin is a multi-talented creative director, graphic designer and brand visionary with 20+ years experience. He has worked for Burton Snowboards and Skullcandy Audio, and co-founded Wolfgang dog accessories before joining Paleblue., Ben SalibraDigital Operations & MarketingWith 8+ years experience in ecommerce, Ben has led Paleblue’s direct-to-consumer (DTC) strategy while also overseeing the alignment of the brand’s international distributor digital platforms, as well as ensuring an unparalleled customer experience.
Amount Raised : $1,240,775
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Security Description

A convertible security is a security that can be converted into another security, typically equity in the next round of financing.

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