PowerPanel

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

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

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

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Security Description

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

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