Powur

Accelerating the adoption of sustainable energy.

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Security Type
Common Stock
Categories
Technology, Infrastructure, Social Impact, Sustainability, VC-Backed, Energy
Min Investment
$250
Location
Carlsbad, CA
Offering Date
June 21, 2021
Expected Close Date
April 30, 2022
Target Raise
$500.00K-$5.00M
No. Investors
430
Security Price
$9.59
Valuation
$99,999,999
Website
powur.com
Number of Employees
113
Cash
$18,556,007
Revenue
$96,086,389
Short Term Debt
$22,049,884
Cost of Goods
$57,501,999
Long Term Debt
$871,619
Net Income
$4,795,255

Company Description

Powur’s future potential is to provide sustainable essential services at breakthrough costs. It's going to be energy, storage, transportation, food, water, materials, and housing. That is because society is morphing out of its extraction-based economic and resource model, where we extract from the world around us to provide for our needs.

Key Deal Facts

First 100% virtual, residential solar company in the cloud.
1,103% Y-O-Y Revenue Growth in 2020.
$101M in Revenue in 2020.
2021 forecast is $206 million in revenue.
Over 4,600 active independent solar sales consultants.
120+ solar installers using our platform servicing 14 states.
Our Revenue-to-capital investment ratio is 57x.
Our revenue per employee was $1.12 million in 2020

Management Team / Advisory Board Bios

Jonathan Budd, Founder & CEO
Jonathan is committed to “creating a world that works for all life“ and to leaving a better world than we found for future generations. He fulfills this mission in his daily life and through the leadership of several game-changing organizations.

Bobby Smith, VP of Sales
Bobby is a recognized leader in building sales organizations & leadership development worldwide with a track record of success as an international leader in the direct sales industry & VP of a national nonprofit cancer foundation for over a decade.

Jim Bunch, VP of Culture & Training
Jim and his team are responsible for building a "powurful" mission-driven culture for key stakeholders: employees, solar consultants, installers, and homeowners.
Amount Raised : $778,871
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Security Description

Common stock is a security that represents ownership in a corporation.

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