INVEST IN VROOM SOLAR TODAY!
Simplified Solar For You
$388,796.22 Raised
REASONS TO INVEST
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.
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.
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.
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.
ABOUT
HEADQUARTERS
2233 N Citation Ave
Springfield, MO 65802
WEBSITE
View Site
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
CEO/Founder/Board President
James Bartley
CTO
Jonathan Young
Board Treasurer
Katherine Benson
Community Relations Coordinator
Vanessa Benkert
Marketing Lead
Cary Kapper
COO
TERMS
Vroom Solar
Overview
PRICE PER SHARE
$11.25
DEADLINE
Jun 2, 2023
VALUATION
$9M
FUNDING GOAL
$15k - $432k
Breakdown
MIN INVESTMENT
$247.50
MAX INVESTMENT
$432,315
MIN NUMBER OF SHARES OFFERED
1,333
MAX NUMBER OF SHARES OFFERED
38,428
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 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.
ALL UPDATES
06.02.23
$388,796.22!!! Thank you investors!!!
The Vroom Solar campaign has now come to a close. We are beyond grateful for your support and helping us raise $388,796.22 to advance our solar-direct technology on to the next steps. Investors, please don't hesitate to reach out with questions at investors@vroomsolar.com. We will keep you updated quarterly with our progress. Thank you again.
All the best,
The Vroom Solar Team
Move-in day at our temporary warehouse
06.01.23
Just hours left to invest in Vroom Solar!
Today is your last chance to invest in Vroom Solar’s current offering before the close tonight at 11:59pm. See our reasons to invest below and join our growing investor community!
- Patent-pending solar-direct, multi-load management technology has the potential to revolutionize the solar industry, with no battery or grid needed to convert sunlight directly to usable power
- Multiple applications from contractors with cargo trailers, to solar sheds that store battery powered tools and lawn equipment that double as backup power, to recreation, like boat dock power, off-grid camping, and recreational electric vehicles, and more
- DIY kits for power production, not just power storage
- $4.68 Billion small generator industry is our target market, as California is in the process of banning the use of <25hp gas engines by 2024
- Dedicated team with combined decades of experience in solar, manufacturing, business, sales and marketing
Inspiration image for our solar shed concept
05.31.23
Vroom Solar campaign closing tomorrow!
From powering contractor tools to backup power to recreational vehicles, Vroom Solar kits offer power production on the go. Unlike gas generators or batteries, our kits are power producing, and once installed, require no maintenance or refueling cost. If you've already invested with us, thank you so much. If you've yet to invest, consider joining us before our raise ends tomorrow.
05.31.23
1 Day Countdown in the current Vroom Solar offering
Our crowdfund campaign is wrapping up! We have exciting plans for the future and want you to be a part of our journey! Our campaign closes in just one day.
Robotic mowers are just one of the many use cases for our product. Vroom Solar kits allow you to set it and forget it when it comes to mowing golf courses, soccer fields, or any other large grassy area with an automatic, battery powered mower.
05.30.23
Only 2 days left to invest in Vroom Solar!
Only 2 days left to join us as we make portable power more easily available for customers, like contractors and lawn care companies. Our patent-pending, solar-direct technology manages influxes in power as light conditions throughout the day into a hierarchy of outlets, based on draw and available power. It's perfect for keeping for those battery packs for weed eaters topped off or charging electric mowers on the go.
05.29.23
The 3 Day Countdown is on!
There are just 3 days left in Vroom Solar's campaign. Join us in making solar power more easily available and affordable for anyone! At the heart of our company is a passion for giving back to the community. Our Give Back Program will do exactly that -- we plan to give away 1 kit for every 25 kits sold to schools, disaster relief organizations, and underserved communities. We know that electricity makes all the difference and can change lives, so we want to do all that we can to make the world a better place.
05.28.23
Vroom Solar’s campaign is closing in 4 days
Thank you for investing in Vroom Solar! We hope to keep the momentum going in these last five days and encourage you to consider investing before our campaign closes on Thurs, June 1.
05.26.23
$300,000 Thank you!!!
Our StartEngine campaign is closing soon. Thank you to all of the investors who have already invested in our company! If you haven’t yet invested or want to increase your investment, you can do so until Thursday, June 1 at 11:59pm.
05.26.23
California CORE Program
The California Clean Off-Road Equipment Voucher Incentive Project (CORE) could be a strong kickstart to Vroom Solar Kit orders. With 200+ certified CORE dealers in California, the program could send us on our blue ocean technology journey with favorable tailwinds, for sure!
The California Clean Off-Road Equipment Voucher Incentive Project (CORE) is a $273 million voucher incentive project intended to encourage California off-road equipment users to purchase or lease currently commercialized zero-emission off-road equipment. This streamlined voucher incentive project helps offset the higher cost of zero-emission technology with a point-of-sale discount. There is no scrappage requirement, and additional funding is available for charging and fueling infrastructure and for equipment deployed in disadvantaged communities.
We believe that Vroom Solar kits meet all California CORE manufacturer requirements, and we plan to apply to be an approved California CORE manufacturer once our rigorous product testing is completed (target date June 1, 2023), and purchase orders have been received with a delivery date established (target date June 7, 2023).
Once we’re approved as a CORE manufacturer, California dealers will be able to add a voucher point-of-sale discount to the Vroom Solar Kit MSRP. This discount, coupled with significant tax credits available (Solar ITC and Domestic Content Bonus Credit) will deliver blue ocean innovation at a very attractive price to Vroom Solar Kit buyers.
05.25.23
Campaign Closing in 7 Days!
The one week countdown is on! Join Vroom Solar in simplifying the solar generator and help make it more accessible for the average person to use solar power with their own Vroom Solar kit.
Stack Owner's Bonus & Rewards!
Members get an extra 10% shares in addition to rewards below!
REWARDS
JOIN THE DISCUSSION
0/2500
Joe Giordano
7 INVESTMENTS
4 months ago
Hello,
I have a few questions for you. (And apologies in advance if this was documented elsewhere, I tried to look here and on your web site.)
1) What is the expected peak and sustainable AC power output on a day with full sun and 4 panels? Is there a reason this type of information isn't part of the product specs yet? Is it still subject to change based on ongoing development and engineering needed for the controller? And/or sourcing/selection of the panels still to be done? Also, another question is what is the max # of panels the same control center can utilize?
2) I've heard of inverters that do "pass-through" so you can power direct from solar panels. Would those be competitive to you? There are a lot of inverters on the market and some are very innovative. What is the key differentiating function yours provides? Are there any competitors to it you see?
3) I understand you are packaging all the pieces together to make a simple, turn-key, solution for mass market and being mobile. You'll presumably develop distribution channels. And support, etc. There can certainly be great value and great outcome by taking this approach.
I am wondering if executing the turn-key product is the real win behind the vision, OR is the inverter/controller technology the big win here? If the control center is truly innovative, would it make sense to sell the control center as a standalone product also? Say if someone already had panels and mounts, even in fixed locations?
Thank you
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Matthew Baney
4 months ago
But with no battery, your system only provides power when the sun is shining on it correct? What happens at night or on a cloudy rainy day?
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Patrick Krouse
5 INVESTMENTS
5 months ago
For those who want to view the Patents:
https://patents.google.com/?inventor=Luke+Phelps
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Joseph Wentworth
1 INVESTMENTS
a month ago
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