PowerPanel

A hybrid solar thermal technology that is 4x as powerful as traditional options

Print
Claim My Business
Security Type
Common Stock
Categories
Technology, Infrastructure, Sustainability, Social Impact, Energy, Financial Services
Min Investment
$100
Location
Oxford, MI
Expected Close Date
April 30, 2023
Target Raise
$50.00K-$1.07M
No. Investors
295
Security Price
$100
Valuation
$7,000,000
Website
powerpanel.com
Number of Employees
8
Cash
$45,439
Revenue
$914
Short Term Debt
$2,462,531
Cost of Goods
$70,102
Long Term Debt
$0
Net Income
$-669,621

Company Description

LEADING TECHNOLOGY: PP Technology captures 75% of sun's energy vs 20% for traditional solar tools
READY FOR MARKET: The PP product has 10+ years of R&D behind it and multiple test case studies
REVENUE: $20M Annual Revenue projected by 2025 (not guaranteed)
DIVERSIFIED VERTICALS: Industrial | Commercial | Agriculture | Military | Residential | Resorts
PROFITABILITY: Project On-Going Gross Margins around 45% (not guaranteed)
IMPACT: PP has committed to donating 5% of gross profits to disaster relief needs globally
COMPACT: 40% smaller than traditional PV with 750W output
Made in the USA, Patented Globally

Key Deal Facts

LEADING TECHNOLOGY: PP Technology captures 75% of sun's energy vs 20% for traditional solar tools
READY FOR MARKET: The PP product has 10+ years of R&D behind it and multiple test case studies
REVENUE: $20M Annual Revenue projected by 2025 (not guaranteed)
DIVERSIFIED VERTICALS: Industrial | Commercial | Agriculture | Military | Residential | Resorts
PROFITABILITY: Project On-Going Gross Margins around 45% (not guaranteed)
IMPACT: PP has committed to donating 5% of gross profits to disaster relief needs globally
COMPACT: 40% smaller than traditional PV with 750W output
Made in the USA, Patented Globally

Use of Proceeds


$50,000
94% general working capital needs of the Company; 6% towards Wefunder fee




$1,070,000

18% towards general working capital needs; 15% towards management team salaries; 46% towards sales & marketing costs; 15% towards 3 months Operating Overheard; 6% towards Wefunder fee



Management Team / Advisory Board Bios

Rob Kornahrens, CEO; Garth Schultz, COO
Amount Raised : $247,019
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

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

Research Reports

No reports have been submitted

Become a Reporter

0 Comments