INVEST IN VROOM SOLAR TODAY!

Simplified Solar For You

Vroom Solar produces off-grid do-it-yourself solar energy kits for portable applications. Currently in development, we have our proof of concept, prototype, and core team established - aiming to be in-market by Q4 of 2023 with our first commercial production run.

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.
Vroom Solar

$107,026.90 Raised

REASONS TO INVEST

Reasons Icon

We believe our DIY solar kits produce 5-10x the output of traditional battery-based portable solar energy systems. Easy to install and no batteries needed - we’ve found our kits to be more cost effective and sustainable than gas generators.

Reasons Icon

Our initial target market will be the $4.68 Billion small generator industry, as California is in the process of banning the use of <25hp gas engines by 2024. From there, Vroom Solar has the potential to grow into other remote energy needs, like EV charging.

Reasons Icon

From job sites, to disaster relief, to homeland security - Vroom Solar believes the need for mobile solar energy is more prevalent now than ever. That’s why our founder has taken his expertise in solar technology, and created a kit specifically designed to address these needs, and help those trying to accomplish DIY solar load management.

*Market information provided by (source)





the pitch


Vroom Solar DIY mobile solar energy kits utilize a simple plug-and-play control center with innovative load management technology. Backed by a team with backgrounds in solar, electrical, and marketing sectors - our founder/ CEO Luke Phelps is a serial entrepreneur who founded similar companies like Red Barn Solar and PVpallet, Inc. The Vroom Solar trademark is filed and complete and has a working prototype and POC. With two filed patents, we are now in the process of partnering with corporations like EV alliance and BayWa.r.e.




Solar power simplified


At Vroom Solar, our packaged solar kits are as simple as you can possibly make solar, all while being portable. Our kits are solar-direct, no batteries needed.


Solar-direct means true solar-to-usable power with no connection to a grid or battery system to manage influxes in power. Our patent-pending load management technology manages those influxes.


Adaptable to cargo containers, box trucks, trailers and more - our off-grid, DIY kits are complete with patent-pending adjustable mounting and  install in about two hours. There is zero maintenance and no hardwiring, programming, or moving parts. Simply plug and play, all thanks to the power of the sun.



The Problem & Our Solution


Mobile solar energy for an affordable, off-grid power source



Vroom Solar DIY kits offer all the benefits of solar without expenses and short-falls of batteries. Designed for remote situations - we’ve found that our kits produce 5 10x the output of traditional, battery-based portable solar energy systems. 


Our kits directly convert solar into usable outlets. Along with being more cost effective and sustainable than gas generators - we’ve also found that they cost less than residential solar per watt installed. 


 


Installation is simple: 2 people, 2 tools, 2 ladders, 2 hours. Our kits also adapt to equipment already owned by customers.



Our revenue will initially come from distribution partners and direct sales. After developing sales territories, we plan on growing  into  B2B sales, and developing future models to incorporate EV charging and different sized kits. 


 





The Market & Our Traction


The need for mobile solar energy is more prevalent now than ever




We think we have an alternative solution to our initial target market - the $4.68 billion small generator sector (source). In 2024, small gas engines under 25hp will be banned from selling in California - giving us a leg up with our competition, in our view. With the application ability for EV charging, we believe there’s really nothing on the market like Vroom Solar. 


Led by our CEO who’s founded other solar companies, our combined team has years of experience in business, manufacturing, and the solar sector. We've filed our utility patents, finalized our trademark and IP, and are now working on additional patents around EV solutions.



We're partnering with Pivot International for our control center engineering, Advanced Racking to build racking components, and developing partnerships with EV Alliance and global distribution companies like BayWa.r.e.


We have big plans in 2023. Our Pro Forma projects us moving from commercialization to our first revenue of 800 kits by the end of the year. Also, we've been invited to speak at the Natural Disaster Expo in Miami, where we'll publicly unveil our product for the first time and begin taking pre-orders.



Why Invest


We've taken complicated solar and simplified it into a scalable, universal solution.


Our vision for Vroom Solar is to be a contractor-known name for solar generators. We  have a goal of selling 4000-5000 kits by 2024, the gross profit from these units sold would equal our current valuation.


We believe we have a scalable model, because our kits are one-size fits many applications and our efficient packaging solution allows 104 kits to ship in one semi-truck. We’re already receiving large order requests from construction companies and support letters from solar distribution companies, and have multiple sales channels. After 2 ½ years of development, we have two products and strategies, and are developing varying sized kits and solutions for more revenue streams.


Lastly, we have plans to launch a Vroom Solar Foundation, with the goal to give away 1 in 25 kits to disaster relief, schools, or non-profits. We believe this program will open up new sales markets for our product and make Vroom Solar a fun company to work for.


With the help of this raise, we want to build additional prototypes, and enhance our control center engineering, aluminum extrusion engineering, and staffing. Join us on our mission to develop new energy solutions for everyday consumers, independent of large grid structures. Invest in Vroom Solar today!






THIS WEBPAGE MAY CONTAIN FORWARD-LOOKING STATEMENTS AND INFORMATION RELATING TO, AMONG OTHER THINGS, THE COMPANY, ITS BUSINESS PLAN AND STRATEGY, AND ITS INDUSTRY. THESE FORWARD-LOOKING STATEMENTS ARE BASED ON THE BELIEFS OF, ASSUMPTIONS MADE BY, AND INFORMATION CURRENTLY AVAILABLE TO THE COMPANY’S MANAGEMENT. WHEN USED IN THE OFFERING MATERIALS, THE WORDS “ESTIMATE,” “PROJECT,” “BELIEVE,” “ANTICIPATE,” “INTEND,” “EXPECT” AND SIMILAR EXPRESSIONS ARE INTENDED TO IDENTIFY FORWARD-LOOKING STATEMENTS, WHICH CONSTITUTE FORWARD LOOKING STATEMENTS. THESE STATEMENTS REFLECT MANAGEMENT’S CURRENT VIEWS WITH RESPECT TO FUTURE EVENTS AND ARE SUBJECT TO RISKS AND UNCERTAINTIES THAT COULD CAUSE THE COMPANY’S ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE CONTAINED IN THE FORWARD-LOOKING STATEMENTS. INVESTORS ARE CAUTIONED NOT TO PLACE UNDUE RELIANCE ON THESE FORWARD-LOOKING STATEMENTS, WHICH SPEAK ONLY AS OF THE DATE ON WHICH THEY ARE MADE. THE COMPANY DOES NOT UNDERTAKE ANY OBLIGATION TO REVISE OR UPDATE THESE FORWARD-LOOKING STATEMENTS TO REFLECT EVENTS OR CIRCUMSTANCES AFTER SUCH DATE OR TO REFLECT THE OCCURRENCE OF UNANTICIPATED EVENTS.

Code View

ABOUT

HEADQUARTERS

2233 N Citation Ave
Springfield, MO 65802
VALUATION

$9M

Vroom Solar produces off-grid do-it-yourself solar energy kits for portable applications. Currently in development, we have our proof of concept, prototype, and core team established - aiming to be in-market by Q4 of 2023 with our first commercial production run.

TEAM

Luke Phelps
Luke Phelps
CEO/Founder/Board President

Luke Phelps, is a serial entrepreneur and has been the founder of Red Barn Solar, PVpallet, Inc. and Vroom Solar, Inc. He loves to develop new ideas and find creative ways to help our world become a better place.

James Bartley

James Bartley

CTO

Most of James’ career, he has been an electrician. He acquired his masters electrical license and started his own electrical company, in which he shifted focus to the utility scale solar pile driving industry towards the end. James then sold his solar pile driving business and switched focus to real estate investing. Recently he took on the title of CTO for Vroom Solar. James leads the charge for the control center development.

Jonathan Young

Jonathan Young

Board Treasurer

Jonathan has over 10 years in the Solar industry with a focus on racking design and supply chain management. He has successfully launched and grown two different startups into multi-million dollar businesses. Jonathan owns two patents for solar racking technologies.

Katherine Benson

Katherine Benson

Community Relations Coordinator

Katherine has over fifteen years experience in teaching design in higher education and applying creative problem solving to a variety of media, from communication design to film production. She utilizes the process of divergent, then convergent thinking for idea development and improving existing systems. Her MS in Communication Design was a two-year study in asking “what does this communicate to someone who’s never seen it before?,” which is a technique she’s continued to apply to her work, no matter what the situation. 

Vanessa Benkert

Vanessa Benkert

Marketing Lead

Vanessa Benkert advises Vroom Solar on all things Marketing and Branding. 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. As a board member of Vroom Solar, Vanessa brings an expert, proven approach to content development, both visual and verbal, along with a zest for meeting new challenges.

TERMS

Vroom Solar
Overview
PRICE PER SHARE
$11.25
DEADLINE
Mar 15, 2023
VALUATION
$9M
AMOUNT RAISED
$107,026.90
Breakdown
MIN INVESTMENT
$247.50
MAX INVESTMENT
$432,315.00
MIN NUMBER OF SHARES OFFERED
1,333
OFFERING TYPE
Equity
ASSET TYPE
COMMON
SHARES OFFERED
Common Stock
MAX NUMBER OF SHARES OFFERED
38,428

Maximum Number of Shares Offered subject to adjustment for bonus shares


Company

:

Vroom Solar Inc.

Corporate Address

:

2233 N Citation Ave, Springfield, MO 65802

Offering Minimum

:

$14,996.25

Offering Maximum

:

$432,315.00

Minimum Investment Amount

(per investor)

:

$247.50











Terms


Offering Type

:

Equity

Security Name

:

Common Stock

Minimum Number of Shares Offered

:

888

Maximum Number of Shares Offered

:

109,777

Price per Share

:

$11.25

Pre-Money Valuation

:

$9,000,000.00











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 & Bonuses*


Time-Based Perks

Super Early Bird - First 72 hours | 10% bonus shares

Early Bird Bonus - Next 14 days | 5% bonus shares

 

Volume-Based Perks

Tier 1 Perk — Invest $1000+ and receive a 5% bonus shares

Tier 2 Perk — Invest $5,000+ and receive a 10% bonus shares

Tier 3 Perk — Invest $10,000+ and receive 15% bonus shares

Tier 4 Perk — Invest $25,000+ and receive 20% bonus shares

Tier 5 Perk — Invest $50,000+ and receive 25% bonus shares

 * 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

Vroom Solar, 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 $11.25/share, you will receive 110 Common Stock, meaning you'll own 110 shares for $1,125. 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.

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: Vendor payments. Salary payments made to one’s self, a friend or relative.

PRESS

Article Image
Natural Disasters EXPO

Simplifying Solar for Natural Disasters

ALL UPDATES

01.25.23

Solar Reinvented

This is not your father's solar. Our load management technology eliminates the need for a battery. Giving you the freedom to primarily use solar energy on-site, then store what you want, when you want. 


01.23.23

Press Release for Vroom Solar, Inc.

As word gets out about Vroom Solar through social media, we're partnering with a PR writer who's just as passionate about off-grid solar as we are. https://icrowdnewswire.com/?p=3042208


5%
Early Bird Bonus

Next 14 days | 5% bonus shares

01
DAYS
15
HOURS
43
MINS
05
SECS
Owners bonus
Stack Owner's Bonus & Rewards!

Members get an extra 10% shares in addition to rewards below!

REWARDS

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

$247.00

Earn 10% Bonus Shares

Earn 10% bonus shares in this investment and all eligible investments for an entire year. If you are not already an Owners bonus holder, you can join now, for $275, billed annually.

$247.00

Early Bird Bonus

Next 14 days | 5% bonus shares

$1,000.00

Tier 1 Perk

Invest $1000+ and receive a 5% bonus shares

$5,000.00

Tier 2 Perk

Invest $5,000+ and receive a 10% bonus shares

$10,000.00

Tier 3 Perk

Invest $10,000+ and receive 15% bonus shares

$25,000.00

Tier 4 Perk

Invest $25,000+ and receive 20% bonus shares

$50,000.00

Tier 5 Perk

Invest $50,000+ and receive 25% bonus shares

JOIN THE DISCUSSION













0/2500

HOW INVESTING WORKS

Cancel anytime before 48 hours before a rolling close or the offering end date.

WHY STARTENGINE?

REWARDS

We want you to succeed and get the most out of your money by offering rewards and memberships!

SECURE

Your info is your info. We take pride in keeping it that way!

DIVERSE INVESTMENTS

Invest in over 200 start-ups and collectibles!

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.

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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.

RAISED
$107,026.90
INVESTORS
33
MIN INVEST
$247.50
VALUATION
$9M

@ 2022 All Rights Reserved

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