PowerPanel
A hybrid solar thermal technology that is 4x as powerful as traditional options
Amount Raised:
$247,019
- Security Type
- Common Stock
- Categories
- Technology, Hardware, Infrastructure, Sustainability, Social Impact, B2B, Climate Change, Energy
- 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
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
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
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
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
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
Security Description
Common stock is a security that represents ownership in a corporation.