GET A PIECE OF SOLAR ROADWAYS®
Future of Roads
$2,499,937.42 Raised
REASONS TO INVEST
Solar Roadways broke a StartEngine record with their initial campaign: They were fully funded in less than 22 hours, making them the fastest first time REG CF campaign.
Solar Roadways® has engineered intelligent infrastructure combined with clean energy generation for virtually every walking and driving surface on Earth. The global smart cities market size is expected to grow from USD 410.8 billion in 2020 to USD 820.7 billion by 2025.
The Research and Development for Solar Roadways® was funded by three successfully completed U.S. Department of Transportation contracts, and in October 2020, Solar Roadways® was selected to receive an STTR contract with U.S. Department of Defense sponsored by the Air Force Research Laboratory (AFRL). Since we launched on StartEngine, we’ve also been granted a second contract with the U.S. Department of Defense. This one is an SBIR contract sponsored by the AFRL.
ABOUT
HEADQUARTERS
721 Pine Street
Sandpoint, ID 83864
WEBSITE
View Site
Solar Roadways® is the first company to develop Solar Road Panels, which opens up a brand-new market for the solar industry: all walking and driving surfaces. Solar Road Panels are intelligent, modular, strong infrastructure panels which have solar cells to produce clean energy in places where it was previously impossible: parking lots, sidewalks, driveways, bike paths, roads, playgrounds, airports, etc. Solar Roadways®’ research and development has been funded by three U.S. Department of Transportation contracts. Our goal is to modernize the infrastructure with modular, intelligent panels while producing clean renewable energy for homes, businesses, and cities.
TEAM
Scott Brusaw
Chief Executive Officer and President
Julie Ann Brusaw
Vice President
Alyssa Delbridge
Director of Science
Dave Newman
Advisor, Scientist
Alex Sadikov
Advisor, Manufacturing Engineer
Deb Kummer
Advisor, Mechanical Engineer
Ron Coutu
Advisor, Electrical Engineer
Mike Morris
Mechanical Drafting & IT Support
TERMS
Solar Roadways®
Overview
PRICE PER SHARE
$4.55
DEADLINE
May 1, 2021
VALUATION
$30.03M
FUNDING GOAL
$10k - $2.5M
Breakdown
MIN INVESTMENT
$295.75
MAX INVESTMENT
$106,997.80
MIN NUMBER OF SHARES OFFERED
2,197
MAX NUMBER OF SHARES OFFERED
549,450
OFFERING TYPE
Equity
ASSET TYPE
Common Stock
SHARES OFFERED
Common Stock
Maximum Number of Shares Offered subject to adjustment for bonus shares
COVID Relief
This offering is being conducted on an expedited basis due to circumstances relating to COVID-19 and pursuant to the SEC’s temporary COVID-19 regulatory relief set out in Regulation Crowdfunding §227.201(z).
Expedited closing sooner than 21 days.
Further, in reliance on Regulation Crowdfunding §227.303(g)(2) A funding portal that is an intermediary in a transaction involving the offer or sale of securities initiated between May 4, 2020, and February 28, 2021, in reliance on section 4(a)(6) of the Securities Act (15 U.S.C. 77d(a)(6)) by an issuer that is conducting an offering on an expedited basis due to circumstances relating to COVID-19 shall not be required to comply with the requirement in paragraph (e)(3)(i) of this section that a funding portal not direct a transmission of funds earlier than 21 days after the date on which the intermediary makes publicly available on its platform the information required to be provided by the issuer under §§227.201 and 227.203(a).
Voting Rights of Securities Sold in this Offering
Voting Proxy. Each Subscriber shall appoint the Chief Executive Officer of the Company (the “CEO”), or his or her successor, as the Subscriber’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 Subscriber, (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 Subscriber pursuant to this Section are coupled with an interest. Such proxy and power will be irrevocable. The proxy and power, so long as the Subscriber is an individual, will survive the death, incompetency and disability of the Subscriber and, so long as the Subscriber is an entity, will survive the merger or reorganization of the Subscriber 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*
Early Bird
Friends and Family - First 24 hours | 10% bonus shares
Volume
Tier 1 perk ($300) - 15% merchandise discount from our online store until December 31, 2020
Tier 2 perk ($1000) - Investor exclusive coin (design 1)
Tier 3 perk ($5000) - Investor exclusive coins (designs 1 & 2)
Tier 4 perk ($10,000) - Investor exclusive coins (designs 1-3)
Tier 5 perk ($25,000) - Investor exclusive coins (designs 1-4)
Tier 6 perk ($100,000) - Investor exclusive coins (designs 1-4) + receive one of the first SR5 Solar Road Panels produced
*All perks occur when the offering is completed.
The 10% StartEngine Owners' Bonus
Solar Roadways® Incorporated 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 $4.55/ share, you will receive 110 shares of Common Stock, meaning you'll own 110 shares for $455. 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 cancelled 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: Any expense labeled “Administrative Expenses” not strictly for administrative purposes. Salary payments made to one’s self, a friend or relative.
ALL UPDATES
REWARDS
JOIN THE DISCUSSION
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PINNED BY STARTUP
Elie Chamoun
2 years ago
You guys are amazing and I was one of your first investors round one in the beginning of it. I’m so thankful that our lord Jesus led me to this. I see great things for all of us. Keep up the hood work and feel better. Love you guys.
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Derrick Towers
8 months ago
I'm very interested. Just not for $65/share.
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Lisa Dehner
9 months ago
Hi Scott and Julie, I keep getting updates from StartEngine saying there’s an investor newsletter and as an investor, I’ve never received one. How can I get on this list?
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Joseph Rolleri
10 months ago
Can you give us an update
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Rene Munyororo
10 months ago
Hi i a m selling my 65 shares of Solar-roadways for $65 a share ,Please reply below to let me know if you're interested. Startengine will assist on the transfer.
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Alexander Meyers
a year ago
When will investing be open against or how can I get on the waitlist
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Douglas Rader
a year ago
Is it possible to hold your stock as joint tenants?
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George Aulenbacher
a year ago
FYI: The link to "join the waitlist" on the Start Engine page does not seem to be connected to anything. I see that Solar-Roadways is oversubscribed, and this "Join the waitlist" shows up, but it's not connected to anything. Is this an oversight or is it intentional? How can I get on the waitlist to invest?
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Clinton Darrah
a year ago
I found a YouTube video years ago where you were talking about these panels. I’ve been talking about y’all ever since. Just happened to be talking about your invention this morning to a co-worker. So we googled LED road panels and was able to track y’all down. I’m so excited for all the progress you’ve made and the future possibilities of these panels becoming widely utilized. Keep up the great work! If you open another round of investment I’d love to invest!
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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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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
Keith Davis
a year ago
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