PVpallet

Reusable Solar Shipping Solutions

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Security Type
Common Stock
Min Investment
$400
Location
MONTROSE, IA
Offering Date
November 23, 2021
Expected Close Date
February 22, 2022
Target Raise
$10.00K-$1.07M
No. Investors
124
Security Price
$25
Valuation
$18,500,000
Website
pvpallet.com
Number of Employees
5
Cash
$13,513
Revenue
$0
Short Term Debt
$19,970
Cost of Goods
$0
Long Term Debt
$0
Net Income
$-17,670

Company Description

PVpallet is dedicated to disrupting the solar shipping industry with a recyclable, reusable, collapsible pallet system. Designed specifically to revolutionize the way solar panels are handled and distributed, industry-wide adoption of our unique product could reduce the wood waste created by the US solar industry by over 60 million pounds per year. PVpallet aims to improve efficiencies and reduce costs throughout the entire solar supply chain. PvPallet is currently undergoing testing and is making final modification to the injection molds. Full-scale manufacturing in planned to begin in Q1 2022.

Key Deal Facts

Improved cost efficiencies: PVpallets can be reused an estimated 20+ times, eliminating the cost of new wood pallets for every project.
Positive environmental impacts: PVpallets are made from recycled plastic and are reground into new pallets at the end of their life cycle. As a replacement for wood pallets, this solution prevents unnecessary deforestation, reduces the solar industry’s carbon footprint, and could prevent over 60 million pounds of wood pallet waste from entering US landfills every year.
Reduce solar panel damage: According to our research, an average of 2-5% of the solar panels shipped on wood pallets arrive at the job site damaged and unusable. PVpallet provides additional protection from damage with adjustable sidewalls and cross braces.

Management Team / Advisory Board Bios

Philip Schwarz
Co-founder, Business Development
Philip leads the business development, sales, and marketing functions for PVpallet. Philip is a professionally licensed engineer with over 14 years of experience in the renewable energy arena. He ran a profitable solar PV technical consulting company for four years where he worked on over 60 utility-scale projects totaling 7+ GW across 19 U.S. states. At PVpallet, Philip provides an established, successful approach to business development, along with strong solar industry connections and an entrepreneurial spirit.


Luke Phelps
Co-founder, General Manager
Luke Phelps is a founder and general manager of PVpallet. He has over 18 years of experience owning and operating small businesses, with a successful track record in the home building, agriculture, and solar design and installation industries. He is a creative thinker, always looking for ways to improve and optimize solutions, and is an expert at creating strong foundations for business operations and growth.


Ethan Wollbrink
Co-founder, Sales
Ethan marshals brand evangelism efforts for PVpallet. A professionally licensed electrician, Ethan has over 7 years of solar supply chain experience. He developed a global network of solar construction partners over the greatest solar growth years in the Midwest while simultaneously demonstrating success in the conference room and at the construction site. Along with his versatility and vast knowledge in all phases of renewable solar energy projects, Ethan brings a proven expertise in sales, construction, finance, and partnership development to PVpallet.


Steven Kottwitz
Co-founder, Design, Supply Chain and Manufacturing
Steven Kottwitz spearheads the design and manufacturing efforts for PVpallet. He brings a breadth of knowledge to the PVpallet team, having past key management roles in agricultural retail and ranch management, as well as years of experience in fabrication projects. With his hands-on approach to learning, Steven is an expert designer and critical thinker, and it is his mission to ensure that PVpallet's are not only optimized for today, but also thinking forward to the solutions for tomorrow.


Jason Wood
Operatons / Office Manager
Jason Wood ensures the daily operations of PVpallet run seamlessly by implementing key processes and practices across the organization. He spent 25 years serving our country as an Army Counterintelligence Officer (Special Agent) with a focus on intelligence collection, investigations, physical security, training, strategic planning, and operations. He spent an additional five years as a senior manager at an IT security / managed services firm followed by 12+ months as an area manager (operations) at a global services company. Jason believes in leading by example and making a positive difference every day.


Vanessa Benkert
Marketing & Branding
Vanessa Benkert leads the marketing and branding efforts at PVpallet. Vanessa has an MA in Communication and 14 years of design, marketing, and branding experience. Whether working with small businesses or large, established brands, her work is founded on the principle that design should be strategic, creative, and all about communication. At PVpallet, Vanessa brings an expert, proven approach to content development, both visual and verbal, along with a zest for meeting new challenges.


Zach Gates
Finance & Accounting
Zach Gates leads PVpallet’s finance accounting team in a fractional CFO role. Zach is a licensed CPA with 8+ years of experience in public accounting. He has an extensive background in providing audit and assurance services and outsourced CFO services to startups and manufacturing companies.


Chad Wiltz
Advisory Board
Business development and sales leader with 20+ years’ experience. Principal focus in the energy and renewable sectors for the past 15 years has led to many industry connections and foundational relationships. Innate ability to lead people and recognize the importance of emotional intelligence. Accomplished in business planning, execution and achieving predictive outcomes. Strong business and team development leader with a passion for innovation and idea advancement. Proud Iowa Hawkeye – University of Iowa Grad.


Randy Ambrosy
Advisory Board
Business owner with 30+ years’ experience. Historically focused in the technology sector; now working in the renewable energy and environmental industry. Great understanding of human behaviors and people leadership. Skilled in innovation theory and business planning. Strong operations professional with a Master of Business Administration (MBA) focused in Business Analytics from Loras College.


Scott Dailey
Advisory Board
Business optimization and development expert with 20 years’ experience. Primary focus in the solar industry for 12+ years yielded expertise in product development, deployment, and strategic partnering. Analytical thinker and problem-solver with a rare mix of technical, strategic, and financial expertise, capable of increasing market, creating value, and reducing cost. Accomplished business advisor and collaborator and a driving force willing to do whatever it takes to make great things happen. Strong collaborator with the ability to think hi-level strategy while maintaining detail-oriented focus and acting in a hands-on capacity. MBA from Stanford University.


Tyler Kanczuzewski
Advisory Board
Sustainability and marketing professional with 9 years’ experience. Substantial focus in sustainability and creative marketing has resulted in an affinity for good stewardship, renewable energy, and conservation. Deep understanding of the interconnectedness of people and natural environments. Passionate about making a positive impact on others and helping the world think more about what it means to be a good steward. Strong thinker, creative, and adventurer with a deep love for fitness and the outdoors. MBA from Grand Valley State University with an emphasis in Sustainability.
Amount Raised : $824,516
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