Next Bolt

Safer, Affordable, Longer Lasting and 99.9% Recyclable Solid State Battery

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Security Type
Preferred Stock
Categories
Infrastructure, Technology, Energy, Industrial
Min Investment
$250
Location
Oceanside, CA
Expected Close Date
April 30, 2023
Target Raise
$250.00K-$5.00M
No. Investors
6
Security Price
$1.94
Valuation
$35,120,000
Website
nextbolt.co
Number of Employees
3
Cash
$2,740,942
Revenue
$0
Short Term Debt
$8,404
Cost of Goods
$0
Long Term Debt
$0
Net Income
$-1,827,885

Company Description

Working battery cell tested safe with puncture and high temperature.
Perfect for powering home, commercial as well as the solar industry and electric vehicle charging.
Technology developed in partnership with Unigrid, LG Energy and UCSD, featured in science journals.
2nd gen prototype home energy unit completed. Comparable to an improved Tesla Powerwall.

Key Deal Facts

Working battery cell tested safe with puncture and high temperature.
Perfect for powering home, commercial as well as the solar industry and electric vehicle charging.
Technology developed in partnership with Unigrid, LG Energy and UCSD, featured in science journals.
2nd gen prototype home energy unit completed. Comparable to an improved Tesla Powerwall.

Use of Proceeds


$250,000
Anticipated use of funds: 30% scaling up battery production R&D at Next Thing Technologies, 15% hiring project management and engineering team to build software for prototypes, production units and mobile applications, 5% create methods and processes to guarantee consistently high quality products, 22.5% additional fund raising, 20% marketing and operations, 7.5% Wefunder fee




$5,000,000
Anticipated use of funds: 40% scaling up battery production R&D at Next Thing Technologies, 15% hiring project management and engineering team to build software for prototypes, production units and mobile applications, 5% create methods and processes to guarantee consistently high quality products, 22.5% marketing and operations, 10% additional fund raising, 7.5% Wefunder fee





Management Team / Advisory Board Bios

Jason Adams
CEO & President
Jason Adams is an energy investor, dealmaker, leader, and growth expert. His crossover experience in managing technology, software, and subscription make him particularly capable to produce results in consumer-facing technology sectors.
Amount Raised : $5,396,733
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Security Description

Preferred securities are a type of investment that generally offers some sort of preferred treatment through a dividend or preferred treatment in a liquidation.

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