Paladin Power, Inc.

Paladin Power is the next generation energy storage system (ESS)

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Categories
Technology, Financial Services, Retail, Sustainability
Min Investment
$500
Location
Carlsbad, CA
Expected Close Date
April 29, 2024
Target Raise
$100.00K-$5.00M
No. Investors
262
Security Price
$0.60
Number of Employees
8
Cash
$1,302,009
Revenue
$0
Short Term Debt
$451,913
Cost of Goods
$0
Long Term Debt
$0
Net Income
$-2,239,412

Key Deal Facts

Paladin Power successfully launched product in 2023 and has $1.2M in sales to date.
LOI signed with Powerfund to purchase $30 Million in product for end users.
Manufacturing Service Agreement (MSA) signed with JABIL - top 2 global manufacturer in the world.
First sale with national distributor: Greentech Renewables/CED Greentech in Q1 of 2024
Power plant closures, rising utility costs and State incentives are boosting demand in California.

Management Team / Advisory Board Bios

Ted Thomas CEO and President13 years of manufacturing and energy storage system solutions and inventor and patent holder of energy storage system and stackable battery designs., Michael BennettCFODecades of experience working with small and mid cap public companies. 13 years on the Board of Directors of Swiss Capital Group Investment Bank. University lecturer at Cal State Fullerton, Chapman University and University of Hawaii., Derek Cahill CSOPreviously Mr. Cahill was in the founding group and CTO of MediBuy.com, a $120M funded startup by Kleiner Perkins and Sequoia Capital. Mr. Cahill is also the founder of GoBig, a digital agency working with startup companies on go to market strategies., Robert Van Heyningen Manufacturing8 years as VP of Business Development with Flextronics and 7 years with Qualcomm as senior director., Damon Correia.Senior Project ManagerOver 10 years with Qualcomm as IT Engineer leading project management for commercial grade wireless system network providing wireless service in CDMA, GSM, UMTS and LT., Allan ONeil Install & Support16+ years experience installing and supporting solar power and battery storage systems., Bruce Miller Senior Software EngineerSenior Software Engineer with over 25 years of experience working in embedded systems and real-time designs., Petar Durdevic Senior Software Engineer20+ years of software experience focused on firmware and embedded system design and development. 9+ years with Quantum Design., Ryan Maliszewski Software EngineerSoftware engineer with 10+ years of experience in a wide range of industries. University of San Diego Bachelor of Engineering (B.E.), Electrical and Electronics Engineering.
Amount Raised : $487,359
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