GET A PIECE OF GOSUN INC.
Solar is the Future, and GoSun is leading the Fuel-Free Frontier
$2,742,260.63 Raised
REASONS TO INVEST
The Outdoor Recreation Industry is ripe for investment. In 2019, outdoor recreation accounted for $459.8B and the industry has continued to soar throughout 2020. Solar and Climate Change investments are going viral; they more than doubled in 2020
GoSun has a proven track record of growth, with $5.87M in revenue in 2021, over 100,000 products sold across 70 countries, and a 50% sales increase over 2020
Experienced team (with multiple successful exits and public IPO’s) has developed a process for launching innovations that power essential needs with renewable energy
WHILE THE COMPANY HAS SIGNED A QUOTATION AGREEMENT TO TRADE THE SECURITIES OFFERED ON STARTENGINE SECONDARY’S NEW ALTERNATIVE TRADING SYSTEM (THE “ATS”), A COMPANY WHICH INTENDS TO BE QUOTED ON THE MARKETPLACE WILL BE SUBJECT TO CERTAIN REQUIREMENTS WHICH THE COMPANY MAY OR MAY NOT BE ABLE TO SATISFY IN A TIMELY MANNER. EVEN IF A COMPANY IS QUALIFIED TO QUOTE ITS SECURITIES ON THE MARKET, THERE IS NO GUARANTEE AN ACTIVE TRADING MARKET FOR THE SECURITIES WILL EVER DEVELOP, OR IF DEVELOPED, BE MAINTAINED. YOU SHOULD ASSUME THAT YOU MAY NOT BE ABLE TO LIQUIDATE YOUR INVESTMENT FOR SOME TIME OR BE ABLE TO PLEDGE THESE SHARES AS COLLATERAL.
ADDITIONALLY, YOU SHOULD UNDERSTAND THAT SECURITIES PURCHASED IN A CROWDFUNDING TRANSACTION GENERALLY CANNOT BE RESOLD FOR ONE YEAR. THIS MEANS THAT EVEN IF THE COMPANY SUCCESSFULLY LISTS ON STARTENGINE SECONDARY, YOU MAY NOT BE ABLE TO QUOTE YOUR SECURITIES FOR SALE UNTIL A YEAR AFTER THE PURCHASE HAS OCCURRED.
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A lean start-up approach helps GoSun move quickly to meet major consumer needs and markets with today’s latest climate technology. Gaining traction initially with solar ovens, over the past few years, GoSun has expanded into portable fridges, lighting, charging, water purification, tiny houses and is now addressing power generators.
The Problem
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Traditional energy sources cannot keep up with today’s needs because they are vulnerable, inconvenient, and harmful to our environment. Grid power cannot be trusted with its long, complicated, and often compromised supply chain (Source). Centralized utility power has stripped individuals of freedom and locked us into unnecessary, expensive, long-term debt (Source).
When headed outdoors, we are forced to compromise too many comforts of home unless we bring an expensive RV or boat. Again, we are left vulnerable, buying more supplies everyday and throwing single use items in the trash after use. Thriving while off-grid should not be difficult.
The Solution
Combining the latest in solar, energy storage and electronics, GoSun builds consumer products that meet essential needs and are better than today’s incumbent without compromising quality, performance or affordability. Not only do these portable devices make it easier to enjoy the outdoors, they are also capable of answering the call during times of need.
GoSun has developed a formula for launching clean tech innovations thanks to an experienced team, a robust online community, and an international presence. By listening to customers in a massive online community, GoSun has leveraged insights to become a hub of clean living on the Fuel-Free Frontier. These durable, portable power solutions fit into both outdoor recreation and emergency preparedness markets.
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OUr Traction
Growth is the DNA of GoSun and now is time to scale. Consumers demand cleaner products and GoSun is fine tuned to rise to the opportunity. In a few years, GoSun has become the first consumer solar products manufacturer to break into mainstream markets. Centered around enjoying clean power, food and drink while outdoors, business more than doubled during COVID-19 pandemic. With more innovation on the way, GoSun anticipates these growth trends to continue.
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This testimonial may not be representative of the experience of other customers and is not a guarantee of future performance or success.”
People are seeking more resilience and healthy living. GoSun creates innovative solutions that allow consumers to explore the solar future while meeting their immediate needs. Through powerful new online tools, customers share how GoSun products are perfect for off-grid adventures or for everyday use.
GoSun has empowered a large, engaged audience who’ve supported nine successful product launches, putting the company in the top one percent of all crowdfunding innovators. By focusing on real customer’s needs, GoSun has grown a lovable and valuable brand identity with a wide customer base.
AWARDS
*Award sources include CES 2021, CES 2019, CTA 2017, Fast Company 2017.
Breakthrough innovations get attention. GoSun has appeared on Top Chef, Science Channel’s All American Makers, The Henry Ford’s Innovation Nation and many news channels. Media coverage in major publications has driven a ton of eyeballs to witness GoSun and dream of the brighter future.
GoSun has been featured in publications by dozens of renowned companies and organizations.
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This testimonial may not be representative of the experience of other customers and is not a guarantee of future performance or success.”
More than just annual revenue growth and awards recognition, GoSun is committed to assisting in disaster relief efforts and establishing social enterprise in emerging markets. GoSun is one of the first solar manufacturers awarded by the United Nations Clean Cooking Alliance, UNDP and the American Red Cross. GoSun is currently building a presence in several developing countries to introduce low cost solar solutions.
Patrick Sherwin (Founder and CEO) works with non-profits in Haiti.
The Market
*Date based on sources from DNV and Our World in Date.
Expanding beyond recreation, GoSun is meeting needs in Emergency Management. This is already a $117.2B industry and increasing with the effects of Climate Change. As the world moves away from burning fossil fuels, the Solar Energy Industry is predicted to grow 6,500% through 2050 (Source). Finally, in emerging markets overseas, about one billion people live without access to electricity and three billion people still burn wood and charcoal to cook everyday (Source).
What We Do
GoSun is quickly becoming the household name for portable, reliable solar products for recreation, emergency, and off-grid applications. Through community engagement GoSun is the center of a value hub that relies on customer feedback, technological opportunities and market trends. As a result, the new clean technologies, championed by GoSun, are affordable and capable of meeting our everyday needs.
GoSun products allow people to:
Thrive off-grid - Our products work during power outages
Avoid messes - No smoke, no melting ice, no waste, plus a portable sink
Save money - Sustainable energy saves time, money, and resources
Help the climate - Solar power reduces environmental impact
Live healthier - More nutrients, less carcinogens
Prepare for change - Build resilience with available, versatile power sources
- Cook without fuel, smoke or fire
- Keep food and drinks cold without ice
- Charge your cell phone and laptop without grid or generator power
- Brew coffee in an all in one travel mug without a stove
- Purify water with only a little bit of sunshine
- Shelter in a tiny house that does not need grid power or water service
- Portable solar generator makes the noisy gas generator obsolete
- Travel with a solar kitchen that doesn’t need gas or cords
- Beat the heat on a warming planet
The Business Model
People want better products, made with better missions. The outdoor gear industry lacks clean tech products that are both affordable and consumer friendly. GoSun builds solar gear that is high quality, high performance and affordable.
GoSun’s solar products align with all 17 of the UN SDG’s because they are free to use, produce no emissions, improve health, empower women + children, and save time + resources.
GoSun’s solar products align with all 17 of the UN SDG’s because they are free to use, produce no emissions, improve health, empower women + children, and save time + resources.
In the humanitarian realm, GoSun products are geared towards both disaster relief and areas of the world with vulnerable or limited energy sources.
Institutions are seeking solutions that support a triple bottom line, creating a positive impact on: Local Economy, Environment and Human Health. GoSun’s salesforce has value engineered products for governments, large NGO’s and relief agencies.
GoSun Sales Channels:
Website. gosun.co
Online retailers.
Crowdfunding platforms. Kickstarter, Indiegogo, & more.
Nationwide dealers.
International distributors.
Institutions. Governments, GEM, American Red Cross, & more.
Competitive Landscape
GoSun is a pioneer in creating, engineering, and building consumer solar products. By focusing on meeting customer’s essential needs, GoSun builds a more identifiable brand compared to other companies who are only providing solar power. When compared with existing product’s lifetime cost of ownership, GoSun is far more eco-friendly and affordable. Like Tesla’s electric vehicles, GoSun’s products are better than the incumbent without compromising convenience or performance.
HOW WE ARE DIFFERENT
GoSun Solar Ovens are a game changer when cooking outdoors. They produce the juiciest and tastiest food you'll ever make. With five patents and six trademarks, GoSun’s innovative approach to harnessing solar energy sets it apart from the other solar solutions on the market. Prior to GoSun, solar ovens were slow, bulky and impractical. GoSun solar ovens are fast, portable and convenient, plus they are safe to touch even while over 500°F (260°C). Our breakthrough solar cooking technology is:
- Fast & Safe. Meals in minutes, but always cool to touch.
- Versatile. Steams, bakes, roasts, and boils using only the Sun.
- All-Weather. Near perfect insulation so that no weather is too cold.
- Cook Day or Night. The world’s most efficient oven, solar and electric hybrid.
The GoSun Chill is more than a cooler, it's an off-grid refrigerator without the noisy generator. These Solar Coolers don't need ice, in fact, they can make ice. A portable 12V fridge designed to keep food cold or frozen, dry, and organized. Say goodbye to fishing for soggy sandwiches in a pool of hotdog juice, the solar alternative has arrived.
A cooler that runs on the Sun is better because:
- No Ice. More space, less weight and fresher food.
- Sustainable. Primary power: Sun | Back-up power: 12 Volt & AC.
- Lasts Longer. Keeps foods frozen for hours.
- Charges Devices. Includes integrated PowerBank (lithium ion battery).
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*The above graphic contains images of our beta product which is currently in production.
GoSun knows today’s best solar and battery technology. A series of powerbank solutions unleash the freedom of portable power to keep you going while off-grid. From small to large, these devices are making gas generators obsolete. Capable of charging laptops, tablets, cameras, phones, lights, and other devices - just plug in anywhere, anytime.
A generator that runs on the Sun is better because:
- No noise, no fumes, no fuel. Silent and steady operation.
- Sustainable. Primary power: Sun | Back-up power: 12 Volt & AC.
- Lasts longer. No moving parts, very low maintenance.
- Charge multiple devices at once. AC, DC, USB
Water is key to life, so GoSun has built a purification and sanitation system that supplies your off-grid water needs. Joining a USB powered pump to a small solar power bank provides months of fresh drinking water. A kitchen sink that fits in your backpack, GoSun Flow sets up in seconds and can also turn into a shower.
A water system that runs on a micro pump is better because:
- No hand pumping, no waiting for chemicals to sterilize drinking water
- Versatile. Water purifier, kitchen sink or shower
- Conserves water during usage so you don’t break your back hauling
- Set up a sanitation station anywhere to wash hands and gear
Tiny Houses are sweeping the nation, for good reason. Downsizing makes like easier and more free. The GoSun Dream is an off-grid, solar, smart home that can be placed almost anywhere to become a: vacation home, rental, office, mobile home/RV. It brings its own power, water and waste management so you’re independent and autonomous.
A tiny house that runs on the Sun is better because:
- No need for utilities, the Dream makes its own power
- Hybrid solar + electric oven, solar cooler, water system, & energy storage.
- All services hooked up: onboard water, electricity, heating and cooling.
- GoSun portable products can be used in or outdoors
Our Team
Experienced designers, engineers, and change-makers, GoSun’s team is intent on serving the world with unparalleled clean power solutions. Through collaborations and by living with their creations, GoSun’s tight knit team is able to make innovation happen quickly.
Fast, nimble, and well connected; when GoSun sees an opportunity, we go for it.
Why Invest
With a growing awareness of Climate Change and natural disasters, consumers are seeking more efficient, self-reliant products. GoSun is seeking investors who want to help us in creating and delivering real solutions. GoSun’s solar products are easy, fun to use and they actually work better than conventional products.
The concept sketch above depicts GoSun's capabilities; the lightweight camping trailer can be set up in just 30 minutes, providing: cooking, water purification, cold storage, wash station, prep area and solar + battery power supply. Users can have more fun in the Sun and rely on the trailer to be prepared for anything.
Mainstream consumers are demanding cleaner, healthier products and institutional investors are seeking environmental and social impact. GoSun allows the solar energy boom to meet everyday consumers. The company and team have grown strong over the past few years, now they are ready to scale. GoSun stands in the intersection where sustainability and profitability meet.
Securities purchased in a regulation crowdfunding (“Reg CF”) offering such as this one cannot be resold for one year. This means that even if the company successfully lists on StartEngine Secondary, you will not be able to quote securities purchased in this offering for sale until at least one year after the purchase has occurred.
Additionally, while the company has signed a quotation agreement to trade the securities offered on StartEngine Secondary’s new alternative trading system (the “ATS”), a company that intends to be quoted on the marketplace will be subject to certain requirements which the company may or may not be able to satisfy in a timely manner. Even if a company is qualified to quote its securities on the market, there is no guarantee an active trading market for the securities will ever develop, or if developed, be maintained. You should assume that you may not be able to liquidate your investment for some time or be able to pledge these shares as collateral.
WHILE THE COMPANY HAS SIGNED A QUOTATION AGREEMENT TO TRADE THE SECURITIES OFFERED ON STARTENGINE SECONDARY’S NEW ALTERNATIVE TRADING SYSTEM (THE “ATS”), A COMPANY WHICH INTENDS TO BE QUOTED ON THE MARKETPLACE WILL BE SUBJECT TO CERTAIN REQUIREMENTS WHICH THE COMPANY MAY OR MAY NOT BE ABLE TO SATISFY IN A TIMELY MANNER. EVEN IF A COMPANY IS QUALIFIED TO QUOTE ITS SECURITIES ON THE MARKET, THERE IS NO GUARANTEE AN ACTIVE TRADING MARKET FOR THE SECURITIES WILL EVER DEVELOP, OR IF DEVELOPED, BE MAINTAINED. YOU SHOULD ASSUME THAT YOU MAY NOT BE ABLE TO LIQUIDATE YOUR INVESTMENT FOR SOME TIME OR BE ABLE TO PLEDGE THESE SHARES AS COLLATERAL.
ADDITIONALLY, YOU SHOULD UNDERSTAND THAT SECURITIES PURCHASED IN A CROWDFUNDING TRANSACTION GENERALLY CANNOT BE RESOLD FOR ONE YEAR. THIS MEANS THAT EVEN IF THE COMPANY SUCCESSFULLY LISTS ON STARTENGINE SECONDARY, YOU MAY NOT BE ABLE TO QUOTE YOUR SECURITIES FOR SALE UNTIL A YEAR AFTER THE PURCHASE HAS OCCURRED.
(or click)
ABOUT
HEADQUARTERS
1217 Ellis Street
Cincinnati, OH 45223
WEBSITE
View Site
Portable power for people who want to live more independent, healthy and resilient lives. GoSun has developed breakthrough solar technologies that perform better than today’s outdoor gear, meet your essential needs and produce no emissions.
TEAM
Patrick Sherwin
CEO, Director and Secretary
Gary Starr
Business Development
Cydney Leonard
Project Manager
Harshit Kumar
Mechanical Engineer
Ashton Bryant
Director of Customer Relations
Weifeng Zheng
Director of Production
Peter Harten
Chief Operations Officer
Danny Young
Lead Engineer
Emily Zaebst
Director
Glen MacGilivray
Director and Advisor
Christine Barnett
Director of Finance
TERMS
GoSun Inc.
Overview
PRICE PER SHARE
$5
DEADLINE
Apr 11, 2023
VALUATION
$59.89M
FUNDING GOAL
$10k - $3.93M
Breakdown
MIN INVESTMENT
$250
MAX INVESTMENT
$107,000
MIN NUMBER OF SHARES OFFERED
2,000
MAX NUMBER OF SHARES OFFERED
786,000
OFFERING TYPE
Equity
ASSET TYPE
Preferred Stock
SHARES OFFERED
Preferred non-voting
Maximum Number of Shares Offered subject to adjustment for bonus shares
*Maximum Number of Shares Offered subject to adjustment for bonus shares. See Bonus info below.
Live Offering Company Perks:
Investments start at $250 minimum, all investors receive the GoSun VIP Preferred Pass to get 10% off anything at gosun.com
$1,000 | GoSun Go Package: package includes an ultra-portable solar oven, valued at $139
$2,500+ | GoSun Sport Pro Pack: valued at $379
$5,000+ | 5% bonus shares + Ultimate Fusion Bundle: package includes GoSun Fusion hybrid solar and electric oven, Powerbank+, 30watt flexible solar panel, carrying case and two small solar lights. Valued at $1,014
$20,000+ |10% bonus shares + Complete Solar Kitchen: package includes GoSun Fusion hybrid solar and electric oven, Powerbank+, GoSun Chill ice-free portable fridge and collapsible 60watt Solar Table. Let's you cook, cool, and charge - anytime, anywhere. Valued at $1,699 And
Free weekend staycation at GoSun Tiny House
* International investors will be contacted individually to resolve shipping and logistics.
*Perks are by threshold and won't include lower tiers.
*All perks occur when the offering is completed.
The 10% StartEngine Owners' Bonus
GoSun will offer 10% additional bonus shares for all investments that are committed by investors that are eligible for the StartEngine Crowdfunding Inc. OWNer's bonus.
This means eligible StartEngine shareholders will receive a 10% bonus for any shares they purchase in this offering. For example, if you buy 100 shares of Series A Preferred Stock shares at $5.00 / share, you will receive 110 shares, meaning you'll own 110 shares for $500. Fractional shares will not be distributed and share bonuses will be determined by rounding down to the nearest whole share.
This 10% Bonus is only valid during the investors' eligibility period. Investors eligible for this bonus will also have priority if they are on a waitlist to invest and the company surpasses its maximum funding goal. They will have the first opportunity to invest should room in the offering become available if prior investments are canceled or fail.
Investors will only receive a single bonus, which will be the highest bonus rate they are eligible for.
ALL UPDATES
REWARDS
JOIN THE DISCUSSION
0/2500
Jonathan Leonard
3 months ago
Hello GoSun team,
I'm an investor of Equity shares from 2021 and had a question about information storage. Is StartEngine the appropriate place to be storing our share information, or was there some kind of document issuance that I wasn't party to?
The "subscription agreement" link in my portfolio in StartEngine is broken.
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Ibrahim Mohsin
4 months ago
Hi,
I wanted to inquire about the details of GoSun's IPO. I am eager to learn more about the company's pans for going public.
Thanks,
Ibrahim.
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sergio leyva rodriguez
5 months ago
Am I entitled to the rewards if I Invested $1000, and if I am when would I be getting it?
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David Nolan
5 months ago
If I wasn't a disabled veteran and living from check to check I'd love to join one especially when it shows the shares are $5 ea but they want $950 to start. It's hard for disabled people or veterans to be able to join in anything because the beginning investment is way too high. If I don't pay my rent or don't eat for the month then I can start the investment but that's not going to happen. This site is still set up for the ones that make over $75k a year
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Jonathan Morrison
6 months ago
Patrick
I'm intrigued with investing.
Questions.
The linked financials are from 2021. The audit report is as of March 4, 2022. Is the audited 2022 report available given that its now April?
Who are the auditors? Set Apart FS? A sole proprietor out of Los Angeles, when the company is physically in Cincinatti?
The 2021 Financials say that there is a limit of 1M Preferred Shares and the notes seem to indicate that almost all of that was issued: Note 7 238,438 issued as of December 31, 2021, plus and additional 720,465 on the conversion of some debt. That totals 958,903. Were there addition authorizations for the 786,000 (max) shares to be issued under this offering?
Are these new Preferred Shares established with any dividend rate? Cumulative? Are they convertible to Common upon IPO as the ones in the 2021 financials are stated to be?
Last question - the live company investing perk - at $2,500 is the Go Sun Sport Pro Pack (valued at $379) - that is on the GoSun web site at $259? GoSun Sport Pro | Boil + Cook | Fastest Solar Powered Oven
Thank you,
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Masika Weeks
6 months ago
Scored some good stuff off that last update 😁
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susan stuver
6 months ago
Yes, I had purchased the chillest and it was slightly too large.
Thank you for your timely response.
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William Hepburn
6 months ago
GoSun shares I bought two years ago have a cost basis of $5.12 and current share price is $5.00. This does not seem to be a good investment, or am I missing something?
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susan stuver
6 months ago
FYI , I’ve already purchased most of your solar equipment. I also purchased a CAMP365 Oct 2021 and discussed your product being a great fit with their camper. I was really hoping your cooler would fit in their floor space for storage, but it was slightly too large. If I’d only waited…
I’m still waiting on their reward as well. Kevin says I’m at the top off the list. Patience!
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With Regulation A+, a non-accredited investor can only invest a maximum of 10% of their annual income or 10% of their net worth per year, whichever is greater. There are no restrictions for accredited investors.
With Regulation Crowdfunding, non-accredited investors with an annual income or net worth less than $124,000, are limited to invest a maximum of 5% of the greater of those two amounts. For those with an annual income and net worth greater than $124,000, he/she is limited to investing 10% of the greater of the two amounts.
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For Regulation Crowdfunding, investors are able to cancel their investment at any point throughout the campaign up until 48 hours before the closing of the offering. Note: If the company does a rolling close, they will post an update to their current investors, giving them the opportunity to cancel during this timeframe. If you do not cancel within this 5-day timeframe, your funds will be invested in the company, and you will no longer be able to cancel the investment. If your funds show as ‘Invested’ on your account dashboard, your investment can no longer be canceled.
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Both Title III (Regulation Crowdfunding) and Title IV (Reg A+) help entrepreneurs crowdfund capital investments from unaccredited and accredited investors. The differences between these regulations are related to the investor limitations, the differing amounts of money companies are permitted to raise, and differing disclosure and filing requirements. To learn more about Regulation Crowdfunding, click here, and for Regulation A+, click here.
PINNED BY STARTUP
Cary Williams
2 years ago
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