PowerPanel

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

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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

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



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

Security Description

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

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