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CLOSED

GET A PIECE OF PVPALLET

Reusable Solar Shipping Solutions

PVpallet is dedicated to disrupting the solar shipping industry with a recyclable, reusable, collapsible pallet system. Designed specifically to revolutionize the way solar panels are handled and distributed, industry-wide adoption of our unique product could reduce the wood waste created by the US solar industry by over 60 million pounds per year. PVpallet aims to improve efficiencies and reduce costs throughout the entire solar supply chain. PvPallet is currently undergoing testing and is making final modification to the injection molds. Full-scale manufacturing in planned to begin in Q1 2022.

This Reg CF offering is made available through StartEngine Capital, LLC. This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment.

$807,955.54 Raised

REASONS TO INVEST

Improved cost efficiencies: PVpallets can be reused an estimated 20+ times, eliminating the cost of new wood pallets for every project.

Positive environmental impacts: PVpallets are made from recycled plastic and are reground into new pallets at the end of their life cycle. As a replacement for wood pallets, this solution prevents unnecessary deforestation, reduces the solar industry’s carbon footprint, and could prevent over 60 million pounds of wood pallet waste from entering US landfills every year.

Reduce solar panel damage: According to our research, an average of 2-5% of the solar panels shipped on wood pallets arrive at the job site damaged and unusable. PVpallet provides additional protection from damage with adjustable sidewalls and cross braces.

OVERVIEW


A sustainable solar shipping solution.

The team at PVpallet has zeroed in on a huge problem: the solar industry typically ships solar panels on single-use wood pallets. These pallets are usually discarded in U.S. landfills, creating over 60 million pounds of wood waste in 2020 alone. As the solar industry continues to grow, the waste problem will grow along with it. 


The waste problem extends beyond material waste to include damaged solar modules, transportation costs, and unnecessary expenditures of time and labor. PVpallet aims to revolutionize the solar industry with its fully recyclable, reusable, and collapsible pallet system specifically designed for shipping solar panels. We believe our industry and our planet deserve better—and we’re here to make a change.



Why does an industry built on sustainability create so much waste?


While performing rural solar PV installations in Northern Missouri, Luke Phelps and his team quickly realized the amount of waste, lost time, and expense associated with the way solar panels were shipped to installation sites--on single-use wood pallets. Luke saw his warehouses overrun with partial pallet loads, his shipments arriving on site with broken panels, his installers dealing with stacks of panels falling over once the banding was removed and, most notably, the expense and rampant waste of procuring dumpsters to offload the immense amount of disposed wood pallets at the end of every job. 


Luke knew there had to be a better solution.


Inspired by the reusable bins for shipping seed to farm sites, Phelps and Steven Kottwitz designed the initial concept for PVpallet in 2019 with several goals in mind:


Minimize waste by using material that could be recycled into new PVpallets

Reduce solar panel breakage

Stack several pallets without putting weight on the solar panels themselves


Knowing the right team is essential to success, Phelps shared the concept with Philip Schwarz and Ethan Wollbrink, establishing the core foundation of PVpallet, Inc. This team of co-founders has a combined 35 years of experience in the solar industry, enabling them to clearly see gaps in the supply chain that a better shipping solution could solve.


PVpallet is in the pre-revenue stage of development. Currently, we are undergoing testing and making final modifications to the injection molds. Full production is expected to begin in Q1 2022. PVpallet holds two provisional US patent filings, one non-provisional utility US patent filing, and one PTC filing for international IP protection.


*Image is a computer generated demo version.




THE PROBLEM


Wood waste, module breakage, and inefficient storage

The U.S. solar industry’s use of single-use wood pallets for shipping solar panels to project sites is estimated to have created over 60,000,000 pounds of domestic wood waste in 2020 alone. The global solar industry waste is estimated at 10 or more times that amount. What’s more, based on our research, an average of two to five percent of solar panels arrive damaged and unusable. This damage is due to lack of protection during shipping.


And the problem extends beyond waste. Wood pallets are not easy to use. The lack of structural support means pallets can only be stacked two high, resulting in limitations on the warehouse space available for storage. Partial load shipments and module offloading are also difficult to manage. Once the bands around the panels are cut, they can no longer be moved by forklift. This makes partial loads labor intensive and inefficient. Then there's the cost. Wood pallets for solar modules are custom made. At an average cost of $80 per pallet, the solar industry spent more than $126,000,000 on single use wood pallets last year alone*. Simply put, the status quo for shipping solar panels is not sustainable.


*Calculation made based on internal research

*Estimates based on 19.2 GW of solar installed in the United States in 2020


Source | Source | Source


THE SOLUTION


A pallet designed for efficiency and sustainability

PVpallet is a purpose-built shipping solution to not only replace, but improve upon the status quo of single-use wood pallets. PVpallets are made of post-consumer HDPE plastics. Common household items like milk jugs and laundry detergent bottles are ground and fed directly into the injection mold machine. 


According to our calculations, PVpallets can be reused at least 20 times. They are designed to be returned at a 5:1 ratio for reuse. For every 5 truckloads of solar panels sent to a project site, only one truck needs to return with empty pallets. Once a PVpallet has finished its life cycle, it will be returned to the manufacturing plant, sent through plastic grinders, and placed back into the injection mold hopper to be made into a new PVpallet. 


Beyond providing a sustainable solution, PVpallet also improves efficiencies and reduces costs throughout the entire solar supply chain. Sliding locks and tabs support partial loads and the adjustable sidewalls accommodate for various module sizes while protecting loads in transit. PVpallets are also stackable up to four high, reducing warehouse storage by as much as 50%.




*Video is a computer generated demo version.


PVpallet Quick Stats: 

  • Reusable, recyclable, and stackable.
  • Built with side walls and cross braces for added protection.
  • Made from fully recyclable Type 2 HDPE. 
  • Designed to securely hold 2 to 27 solar panels. 
  • Built with removable side walls and locking trackbar for improved handling and return shipping.  




THE MARKET


Over $50M in uncaptured revenue

The Global Solar Power Market Size was estimated at USD 170.55 billion in 2020. That is equivalent to over 115 gigawatts of capacity (about 9.5 million pallets of solar panels). While global solar market values vary from source to source, all anticipate a consistent upward trajectory--ranging from from 6.9% to 20%. The market is anticipated to reach upwards of $293.18 billion by 2028. 


The growth of the US Solar Power Market is even more aggressive. Despite the pandemic, installations reached 19.2 gigawatts of new capacity in 2020, a 43% year over year growth. According to our calculations, installing that much capacity would require 1.5 million pallets. What's more, installations are expected to quadruple from current levels in the next decade. 





OUR TRACTION


Ready for full-scale production in Q1 2022

The PVpallet team is ready to disrupt the solar shipping industry with a unique shipping solution that will become an asset to solar companies—not a landfill-bound liability. We have already begun receiving investments from major sources, including the U.S. DOE SETO program’s grant of $500K and $1M in VC funding from ISA Ventures. 


The need for an alternative to traditional wood pallets as a shipping method for solar panels is recognized throughout the solar supply chain. We are currently being approached by several major solar module manufacturers, distributors, installers, and solar recycling companies for our unique solution.


We are being sought out by several major solar module manufactures, distributors, shipping, and Installation, solar recycling companies for our unique solution. All levels of handling solar modules are seeing the need for this system



Our Timeline:

  • Q3 2021: Injection molds fabricated by MSI Mold Builders
  • Q3 2021: The first PVpallets scheduled for limited production run of 150 units
  • Q4 2021: Limited production PVpallets undergo testing and final modifications
  • Q1 2022: Full-scale PVpallet production scheduled to begin
  • 2022-2023: PVpallet lease model projected to launch, making PVpallets available as an on-demand service

*The above information includes anticipated timelines and goals.

WHY INVEST


Improve the solar industry and beyond

The growth potential for PVpallet is immense. Our lease model will open us up to the largest solar panel manufacturers in the world. We plan to capture at least 25% of the U.S. solar market and 5% of the global solar market within the first 5 years. Within the next 3-5 year timeframe, we plan to expand our product to other industries. Our PVpallet design can easily be transferable to shipping outdoor power equipment, doors and windows, flat screen TVs, and other large format, fragile products.


Offsetting waste generated from wood pallets is just the beginning. As a 1% for the Planet Business Member, we aim to work with organizations that directly offset the environmental impact from wood pallets and help the reusable pallet material supply chain.


Bottom line: we want to make a sustainable difference. Will you join us?


We invite you to invest in the future of the industry and help us make clean energy more sustainable and economical.





ABOUT

HEADQUARTERS
2495 280th
Montrose, IA 52639

PVpallet is dedicated to disrupting the solar shipping industry with a recyclable, reusable, collapsible pallet system. Designed specifically to revolutionize the way solar panels are handled and distributed, industry-wide adoption of our unique product could reduce the wood waste created by the US solar industry by over 60 million pounds per year. PVpallet aims to improve efficiencies and reduce costs throughout the entire solar supply chain. PvPallet is currently undergoing testing and is making final modification to the injection molds. Full-scale manufacturing in planned to begin in Q1 2022.

TEAM

Philip Schwarz
Philip Schwarz
Co-founder, Business Development
Philip leads the business development, sales, and marketing functions for PVpallet. Philip is a professionally licensed engineer with over 14 years of experience in the renewable energy arena. He ran a profitable solar PV technical consulting company for four years where he worked on over 60 utility-scale projects totaling 7+ GW across 19 U.S. states. At PVpallet, Philip provides an established, successful approach to business development, along with strong solar industry connections and an entrepreneurial spirit.
Luke Phelps
Luke Phelps
Co-founder, General Manager
Luke Phelps is a founder and general manager of PVpallet. He has over 18 years of experience owning and operating small businesses, with a successful track record in the home building, agriculture, and solar design and installation industries. He is a creative thinker, always looking for ways to improve and optimize solutions, and is an expert at creating strong foundations for business operations and growth.
Ethan Wollbrink
Ethan Wollbrink
Co-founder, Sales
Ethan marshals brand evangelism efforts for PVpallet. A professionally licensed electrician, Ethan has over 7 years of solar supply chain experience. He developed a global network of solar construction partners over the greatest solar growth years in the Midwest while simultaneously demonstrating success in the conference room and at the construction site. Along with his versatility and vast knowledge in all phases of renewable solar energy projects, Ethan brings a proven expertise in sales, construction, finance, and partnership development to PVpallet.
Steven Kottwitz
Steven Kottwitz
Co-founder, Design, Supply Chain and Manufacturing
Steven Kottwitz spearheads the design and manufacturing efforts for PVpallet. He brings a breadth of knowledge to the PVpallet team, having past key management roles in agricultural retail and ranch management, as well as years of experience in fabrication projects. With his hands-on approach to learning, Steven is an expert designer and critical thinker, and it is his mission to ensure that PVpallet's are not only optimized for today, but also thinking forward to the solutions for tomorrow. 
Jason Wood

Jason Wood

Operatons / Office Manager

Jason Wood ensures the daily operations of PVpallet run seamlessly by implementing key processes and practices across the organization. He spent 25 years serving our country as an Army Counterintelligence Officer (Special Agent) with a focus on intelligence collection, investigations, physical security, training, strategic planning, and operations. He spent an additional five years as a senior manager at an IT security / managed services firm followed by 12+ months as an area manager (operations) at a global services company. Jason believes in leading by example and making a positive difference every day.
Vanessa Benkert

Vanessa Benkert

Marketing & Branding

Vanessa Benkert leads the marketing and branding efforts at PVpallet. Vanessa has an MA in Communication and 14 years of design, marketing, and branding experience. Whether working with small businesses or large, established brands, her work is founded on the principle that design should be strategic, creative, and all about communication. At PVpallet, Vanessa brings an expert, proven approach to content development, both visual and verbal, along with a zest for meeting new challenges. 
Zach Gates

Zach Gates

Finance & Accounting

Zach Gates leads PVpallet’s finance accounting team in a fractional CFO role. Zach is a licensed CPA with 8+ years of experience in public accounting. He has an extensive background in providing audit and assurance services and outsourced CFO services to startups and manufacturing companies.
Randy Ambrosy

Randy Ambrosy

Advisory Board

Business owner with 30+ years’ experience. Historically focused in the technology sector; now working in the renewable energy and environmental industry. Great understanding of human behaviors and people leadership. Skilled in innovation theory and business planning. Strong operations professional with a Master of Business Administration (MBA) focused in Business Analytics from Loras College. 
Scott Dailey

Scott Dailey

Advisory Board

Business optimization and development expert with 20 years’ experience. Primary focus in the solar industry for 12+ years yielded expertise in product development, deployment, and strategic partnering. Analytical thinker and problem-solver with a rare mix of technical, strategic, and financial expertise, capable of increasing market, creating value, and reducing cost. Accomplished business advisor and collaborator and a driving force willing to do whatever it takes to make great things happen. Strong collaborator with the ability to think hi-level strategy while maintaining detail-oriented focus and acting in a hands-on capacity. MBA from Stanford University.
Tyler Kanczuzewski

Tyler Kanczuzewski

Advisory Board

Sustainability and marketing professional with 9 years’ experience. Substantial focus in sustainability and creative marketing has resulted in an affinity for good stewardship, renewable energy, and conservation. Deep understanding of the interconnectedness of people and natural environments. Passionate about making a positive impact on others and helping the world think more about what it means to be a good steward. Strong thinker, creative, and adventurer with a deep love for fitness and the outdoors. MBA from Grand Valley State University with an emphasis in Sustainability.

TERMS

PVpallet
Overview
PRICE PER SHARE
$25
DEADLINE
Feb. 23, 2022 at 7:59 AM UTC
VALUATION
$18.5M
FUNDING GOAL
$10k - $1.07M
Breakdown
MIN INVESTMENT
$400
MAX INVESTMENT
$107,000
MIN NUMBER OF SHARES OFFERED
400
MAX NUMBER OF SHARES OFFERED
42,800
OFFERING TYPE
Equity
ASSET TYPE
Common Stock
SHARES OFFERED
Common Stock

Maximum Number of Shares Offered subject to adjustment for bonus shares

Voting Rights of Securities Sold in this Offering

Voting Proxy. Each Investor shall appoint the Chief Executive Officer of the Company (the “CEO”), or his or her successor, as the Investor’s true and lawful proxy and attorney, with the power to act alone and with full power of substitution, to, consistent with this instrument and on behalf of the Investor, (i) vote all Securities, (ii) give and receive notices and communications, (iii) execute any instrument or document that the CEO determines is necessary or appropriate in the exercise of its authority under this instrument, and (iv) take all actions necessary or appropriate in the judgment of the CEO for the accomplishment of the foregoing. The proxy and power granted by the Investor pursuant to this Section are coupled with an interest. Such proxy and power will be irrevocable. The proxy and power, so long as the Investor is an individual, will survive the death, incompetency and disability of the Investor and, so long as the Investor is an entity, will survive the merger or reorganization of the Investor or any other entity holding the Securities. However, the Proxy will terminate upon the closing of a firm commitment underwritten public offering pursuant to an effective registration statement under the Securities Act of 1933 covering the offer and sale of Common Stock or the effectiveness of a registration statement under the Securities Exchange Act of 1934 covering the Common Stock.

*Maximum Number of Shares Offered subject to adjustment for bonus shares. See Bonus info below.

Investment Incentives and Bonuses*

Time-Based:

Friends and Family Early Birds

Invest within the first 72 hours and receive an additional 15% bonus shares. 

Super Early Bird Bonus

Invest within the first week and receive an additional 10% bonus shares.

Early Bird Bonus

Invest within the first two weeks and receive an additional 8% bonus shares.

Amount Based:

First Volume Tier: $1000 to $5000 = Exclusive access to PVPallet annual investor newsletter

Second Volume Tier: $5,000 to $9,999 investment = 5% bonus shares

Third Volume Tier: $10,000 to $24,999 investment = 8% bonus shares

Fourth Volume Tier: $25,000+ = 12% bonus shares

*All perks occur when the offering is completed.

The 10% StartEngine Owners' Bonus

PVpallet, Inc 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 Common Stock at $25.00 / share, you will receive 110 shares of Common Stock, meaning you'll own 110 shares for $2,500. 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.

Irregular Use of Proceeds

The Company might incur Irregular Use of Proceeds that may include but are not limited to the following over $10,000: Inter company debt or back payments. Vendor payments. Salary payments made to one’s self, a friend or relative.

PRESS

Article Image
PV Magazine

Startup Saturday: Greening the freight shipping chain for solar

Article Image
PV Magazine

PVpallet claims to improve efficiencies and reduce costs across the solar supply chain — from manufacturing, distribution, and installation to storage and waste disposal.

Article Image
Solar Power World

PVpallet releases adjustable, reusable plastic solar module shipping pallets

Article Image
Solar Power World

Recyclable plastic pallets for solar modules enter test market

Article Image
Solar Business Hub

PVpallet, LLC launches first-to-market collapsible pallet system for solar modules

ALL UPDATES










REWARDS

Multiple investments in an offering cannot be combined to qualify for a larger campaign perk. Get rewarded for investing more into PVpallet.
Owners bonus

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

0/2500

bh
barry haimes

2 years ago

Did u get any orders in the wake of the Intersolar trade show?

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CV
Craig Vom Lehn

2 years ago

You had said that in Q4 2021 you would partner with select industry customers for testing. How did that go?

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RV
Rueben Velasquez

2 years ago

What other types of products are you looking to expand into or are you strictly looking into the solar pallet market

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RD
Raymond Donnelly

2 years ago

Your product is very interesting and I believe it has great promise, however the top five solar panel manufacturers are located in China! Do you have plans to reach out to them for shipments from China to the US?

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sg
simon gonzalez

2 years ago

Do you only have pending patents? Any non-provisional patents? If so, what's the patent number? What are the main claims of your provisionals?

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kg
kartikeya ghia

2 years ago

Is your designed patented?

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DS
Dominick Savillo

2 years ago

Hello, why do the pallets look solid black when they are created from many different color platics?

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cd
chad demoss

2 years ago

It looks like the employees are taking no salary at this time and you cash on hand is $13,000? seems like a tight window. The company has 1 pre-order correct?

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RAISED
$807,955.54
INVESTORS
124
MIN INVEST
$400
VALUATION
$18.5M

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