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GET A PIECE OF INERGY
Power For Life
Inergy is a clean technology company developing innovative solar-powered products to harness and store renewable energy for everyday use by everyday people, with over $14 million in revenue over the past two years.
$732,481.12 Raised
REASONS TO INVEST
Our Flex Modular Solar Generator expands battery capacity, making small-scale mobile solar power a reality for the 750 million people that currently live off the grid.
We exist at the intersection of Energy Storage Systems and Portable Power Stations, two multi-billion dollar industries. We earned $14 million in revenue in 2021 and 2022, and previously raised $4 million in an SLC Angels leading funding round.
We believe our patented technology has a bright future, with contracts and awards from the U.S. Department of Energy and the Department of Defense.
The Pitch
Bringing Affordable Energy to Global Communities
Inergy has created the future of lightweight, renewable, affordable solar power using modular battery technology. Nearly anyone can pick up our portable solar generators and carry it to where power is needed, making them one of the most versatile power generators on the planet. With $14 million in revenue earned in the past two years, patented technology, multiple awards won, and contracts with the U.S. Department of Defense and the Department of Energy, we are ready to expand access to plug-and-play solar power.
The PrOblem & Our Solution
Modular Solar Power for A Broad Range of Applications
The United States electrical grid that serves 145+ million customers is outdated and failing (Source). Communities are experiences more severe weather events that cause power outages. Furthermore, there are over 750+ million people worldwide who live without access to the grid (Source). Traditional power solutions are limited: grid expansion is too expensive, diesel generators are loud and pollute, and residential solar systems are permanently fixed on your roof and often do not supply energy to your home when the grid is down.
Inergy offers a simple plug-and-play solution for greater energy resilience to existing electricity grid users and instant access to renewable energy for global communities without power.
Our modular designs allows our systems to expand battery capacity, boost AC charge times, increase solar charge input, integrate uninterrupted power supply technology, connect to your home, plug into your camp trailer, and much more.
We use a combination of D2C sales through online platforms and affiliate promoters and influencers, and B2B sales through local and regional solar installers, earning gross margins ranging from 30% to 55%.
Inergy has more 5-star Google reviews than any other power station on the market today.
*The above testimonials may not be representative of the opinions or of the experiences of other customers and is not a guarantee of future performance or success.
The Market & our traction
Strong Partnerships and Growing Revenue
We straddle two significant growing markets: the Energy Storage Systems (ESS) market, which is projected to reach $14.8 billion by 2025, and the Portable Power Station (PPS) market, estimated to exceed $7.9 billion by 2025 (Source | Source | Source).
We have validated product market fit in the U.S., earning over $14 million in revenue in 2021 and 2022. Our technology is protected by one approved and two pending patents. We have been awarded support and funding from the U.S. Department of Energy and Department of Defense to commercialize microgrid technology and develop a military-grade rugged and weather-resistant portable power solution. With a former refugee as our CEO, we partner with large non-profits to offer power to communities living off-grid including Puerto Rico, Haiti, Kenya, and Suriname.
WHy Invest
Ending Global Energy Poverty
Our mission is to provide the world with affordable renewable power with clean tech consumer products. With our innovative, award-winning products and services, we aim to reduce dependence on fossil fuels and lower carbon footprint. As we gain recognition and support from industry experts and professional investors, we are excited to continue to grow and make a positive impact on the industry. Inergy and StartEngine is offering everyday investors and opportunity to directly invest in Inergy's growth and mission. Don't miss the chance to become a part of the clean energy revolution and join us in our journey toward a greener future.
ABOUT
HEADQUARTERS
620 Pheasant Ridge Dr
Chubbuck, ID 83202
WEBSITE
View Site
Inergy is a clean technology company developing innovative solar-powered products to harness and store renewable energy for everyday use by everyday people, with over $14 million in revenue over the past two years.
TEAM
Sean Chanpaseut Luangrath
CEO
Zane Hardin
Vice President of Marketing
David Robert Erickson
Fractional Chief Operating Officer
Zachary Dennis Blume
Chief Technology Officer
Curtis Steinfeldt
Fractional CFO/Financial Controller
Prior to joining Inergy, Curtis held diverse roles that showcased his versatility and entrepreneurial spirit. As the owner of Kanga Pack, an E-commerce business, he managed all aspects of the company, including order fulfillment, marketing, and influencer relations. Curtis's entrepreneurial experience, combined with his role as President at Alliance Ventures, where he directed a multimillion-dollar venture capital investment in Wendover, demonstrates his ability to drive business growth and execute successful strategies. His collaborative approach with government entities, healthcare organizations, and community leaders furthered the development of Wendover and showcased his commitment to making a positive impact.
With a track record of delivering results, Curtis's financial expertise, leadership skills, and entrepreneurial mindset continue to contribute to Inergy's financial performance and overall success. Curtis works with the Company approximately 20 hours per week.
Brad Barrott
Founder and Board Member
One of Brad's notable achievements is Big Dog Solar, a thriving full-service residential and commercial solar and battery backup company. With offices in Colorado and Idaho, Big Dog has experienced remarkable year-over-year growth, installing solar projects in numerous states and projecting revenues surpassing $30 million in 2020. Brad's vision for making a positive impact is also evident in Inergy Solar, an industry leader in portable solar and battery products. Inergy's award-winning products have gained a passionate user base across North America, Puerto Rico, and even Nepal.
Beyond his accomplishments in the energy sector, Brad has spearheaded Tru Fiber, a state-of-the-art fiber internet company that revolutionizes data transmission and internet speeds in Idaho. He has also achieved recognition with Big Dog TV & Internet, offering top-notch bulk, commercial, and residential internet and TV services. Brad's success is a testament to his unwavering commitment to excellence.
TERMS
Inergy
Overview
PRICE PER SHARE
$1.14
DEADLINE
Nov. 14, 2023 at 7:59 AM UTC
VALUATION
$20.03M
FUNDING GOAL
$10k - $1.23M
Breakdown
MIN INVESTMENT
$249.66
MAX INVESTMENT
$1,234,999.62
MIN NUMBER OF SHARES OFFERED
8,771
MAX NUMBER OF SHARES OFFERED
1,083,333
OFFERING TYPE
Equity
SHARES OFFERED
Series CF Stock
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.
Investment Incentives & Bonuses*
Combo/Avid Investor Perk
Invest $249+ (minimum investment) within the first two weeks and receive 5% bonus shares
Invest $1,000+ within the first three weeks and receive 7% bonus shares
Invest $2,500+ within the first three weeks and receive 10% bonus shares
Volume-Based Perks
Invest $500 - Receive $200 off a Flex 1500 Power Station or a Flex Tactical Power Station
Invest $1,000 - Receive $300 off a Flex 1500 Power Station or a Flex Tactical Power Station
Invest $2,000 - Receive $400 off a Flex 1500 Power Station or a Flex Tactical Power Station
Invest $5,000 - Choose between a free Flex 1500 Gold Kit or Flex Tactical Gold Kit. Get 20% off Inergy products for 1-Year (for personal use only).
Invest $10,000 - Choose between a free Flex 1500 Gold Plus Kit or Flex Tactical Gold Plus Kit. Get 20% off Inergy products for 1-Year (for personal use only).
*In order to receive perks from an investment, one must submit a single investment in the same offering that meets the minimum perk requirement. Bonus shares from perks will not be granted if an investor submits multiple investments that, when combined, meet the perk requirement. All perks occur when the offering is completed.
The 10% StartEngine Owners' Bonus
Inergy 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 CF Stock at $1.14 / share, you will receive 110 shares of Series CF Stock, meaning you'll own 110 shares for $114. 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 receive the highest single bonus they are eligible for among the bonuses based on the amount invested and time of offering elapsed (if any). Eligible investors will also receive the Owner’s Bonus in addition to the aforementioned bonus.
ALL UPDATES
REWARDS
10%
Stack Owner's Bonus & Rewards!
Members get an extra 10% shares in addition to rewards below!
Owner’s Bonus
Owner’s Bonus Members earn 10% bonus shares on top of this and all eligible investments for an entire year. Not a member? Sign up at checkout ($275/year).
JOIN THE DISCUSSION
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Charles Orr
13 days ago
Thought long and hard, but decided to invest $5,000 of my 401K. Question: Is it possible to get the Ascent panels with the perk you offered.
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Patricia McSparren
15 days ago
How to claim inergy tactical flex 1500 gold kit after the required amount was invested.
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W Kim Colich
19 days ago
I'd love to see you get the full $1.2M. Please consider extending your campaign. Thanks for considering. Blessings
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Barry Knopf
19 days ago
If all the power goes out in my 4200 sq house, is there enough power for all my appliances, for example my 2 refrigerators, my heating and AC and my washing machine and dryer. Please be specific in your response.
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Katy Short
a month ago
My husband and I just invested in 5,000 shares ($5,700) of the Inergy company. We own a Apex Portable Solar Power Station and trust this company. We are praying for Inergy to grow exponentially as they continue to create ways for everyone to have reliable power. When a company is committed to helping others, it will receive blessings from God. Our family is officially "along for the ride".
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Joseph Smartt
a month ago
I was, going to invest what little I had in my former 401k into precious metals, and lead... but than I thought ...What the heck let's diversify. So I invested $500.00 into what I believe is going to be a fruitful?... investment? High fives, Good vibes, and GODSPEED INERGY!
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Adam Sampson
2 months ago
Are you able to share revenue estimates for 2023, or give H1 2023?
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Anthony Slaughter
2 months ago
Hello When will we be able to recieve the discount on the purchase of the Flex 1500 ?
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Thomas Cooper
3 months ago
I had a long conversation with Sean Laungrath, INERGY CEO, and I understand the situation much better now. They moved their operation and it caused a disruption in their support staff situation. Many people didn't want to make the move and they had to hire replacements at the same time they were moving the offices. I just happened to come along in the middle of that situation. INERGY ran into supply chain problems during COVID as so many companies did, and that delayed their production but they are pretty well caught up at this point and will be able to deliver new units in October. I was interested in INERGY because having read everything available about them I believe they have a superior product and the P3 system will revolutionize the Home Power industry. I came away from our call confident enough to re-invest. If I could delete my prior comment I would, but I am very impressed with the fact that Sean took the time to address my concerns personally. Having been an entrepreneur and business person all my life (Launched my first business at the age of 15) I understand the difficulties they faced and I believe they are well on their way to put that brief time behind them and start taking this business sector over for the long term. I for one prefer a company that is based in America to one that is based in China which nearly every competitor is. Tom Cooper
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HOW INVESTING WORKS
Cancel anytime before 48 hours before a rolling close or the offering end date.
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FAQS
Crowdfunding
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.
At the close of an offering, all investors whose funds have “cleared” by this time will be included in the disbursement. At this time, each investor will receive an email from StartEngine with their Countersigned Subscription Agreement, which will serve as their proof of purchase moving forward.
Please keep in mind that a company can conduct a series of “closes” or withdrawals of funds throughout the duration of the campaign. If you are included in that withdrawal period, you will be emailed your countersigned subscription agreement and proof of purchase immediately following that withdrawal.
StartEngine assists companies in raising capital, and once the offering is closed, we are no longer involved with whether the company chooses to list shares on a secondary market, or what occurs thereafter. Therefore, StartEngine has no control or insight into your investment after the close of the live offering. In addition, we are not permitted to provide financial advice. You may want to contact a financial professional to discuss possible investment outcomes.
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.
For Regulation A+, StartEngine allows for a four-hour cancelation period. Once the four-hour window has passed, it is up to each company to set their own cancelation policy. You may find the company’s cancelation policy in the company’s offering circular.
Once your investment is canceled, there is a 10-day clearing period (from the date your investment was submitted). After your funds have cleared the bank, you will receive your refund within 10 business days.
Refunds that are made through ACH payments can take up to 10 business days to clear. Unfortunately, we are at the mercy of the bank, but we will do everything we can to get you your refund as soon as possible. However, every investment needs to go through the clearing process in order to get sent back to the account associated with the investment.
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
Mark Dunn
a month ago
Hi, my wife and I have just invested $5k. Praying for an awesome ride with you all. Love your products and versatility! Please - When will we receive our Flex or Flex Tactical?
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