-
Security Type
-
Debt
-
Categories
-
Entertainment, Technology, Sustainability, Energy, Travel, Financial Services, Retail, Community & Lifestyle
-
Min Investment
-
$100
-
Offering Date
-
October 27, 2021
-
Expected Close Date
-
April 30, 2023
-
Target Raise
-
$250.00K-$3.75M
-
No. Investors
-
1
-
Security Price
-
$2.04
-
Valuation
-
$34,968,000
- Number of Employees
- 6
- Cash
- $-3,424
- Revenue
- $284,275
- Short Term Debt
- $2,134,809
- Cost of Goods
- $194,043
- Long Term Debt
- $394,249
- Net Income
- $-1,887,104
Company Description
Joule Case provides innovation in a largely stagnant battery market, replacing noxious generators with clean, safe, cost-efficient renewable power in the fast-growing event-power industry with music festival partners like Burning Man and Electric Daisy Carnival (EDC)
Key Deal Facts
$100M LOI signed with Insomniac Events, organizer of EDC & many of the world's largest Festivals
Patented, portable award-winning tech has already raised over $2M from angel investors
Team includes 6 successful exits & 20 patents
Massive event-power market is growing at 25% CAGR
Over $850,000 in sales since founding
LIVE Nation, CORT, & PGA are among names in the pipeline
Crowned Early-Stage Innovation of the Year & winner of Camp BizSmart
Featured in Forbes, GeekWire, & on the Discovery Channel
Use of Proceeds
- manufacturing
- sales
- marketing
- Wefunder
Management Team / Advisory Board Bios
James Wagoner, CEO + Founder
Licensed professional engineer with technical executive experience. Battery nerd on 2nd battery startup with Co-Founder Alex Livingston. First battery startup secured a $1.2B infrastructure contract in Spain.
Alex LIVINGSTON, President
An entrepreneur at heart and in spirit, Alex once built his own electric car. Has been responsible for both software and hardware top-to-bottom product development for over a decade. Battery nerd on 2nd battery startup with Co-Founder James Wagoner.
Pete Anewalt, COO
5 Successful exits. Experience in the growth from $1M to $200M. Sold companies to IBM and Lucent.
Amount Raised
:
$2,430,529
Reveal the Score by Voting
＿
Additional ratings from other users are needed to determine a viable CrowdScore for this deal.
The "CrowdScore" for this deal is determined by user ratings and other factors using our proprietary algorithm.
ⓘ
The overall viability and scalability of the business concept as well as the ability to drive the concept to profitability over time.
Business Idea
ⓘ
The progress made thus far in demonstrating that the business has viability, a customer base or other business traction.
Business Traction
ⓘ
The experience of the management team in running, scaling and/or exiting a business that required similar skills to execute the business plan.
Management Team
ⓘ
The value of the company compared to similar companies raising money from investors.
Valuation
Security Description
Debt is something, usually money, borrowed by one party from another. Debt is used by many corporations and individuals to make large purchases that they could not afford under normal circumstances. A debt arrangement gives the borrowing party permission to borrow money under the condition that it is to be paid back at a later date, usually with interest.