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Enervolt

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Envervolt

Software & AI · Ashland, NV · Founded 2012

Energy solutions for the vital problems

Post-money valuation ⓘ
$17.6M
As of May 2022 · from Reg CF Offering (2021) · pre-money + amount raised, not a traded price
Total raised
$714,016
Crowd $168K · Private $546K · 5 rounds since 2017
Latest share price
$2.27
Reg CF · Common Stock · Nov 2021 offering price · down round

Financials

FY2015–FY2020 · from SEC filings · hover any figure for its source
$0
−$226K
2015
$1
−$315K
2016
$0
−$2.5M
2017
$900
−$1.0M
2018
$10K
−$354K
2019
$44K
−$764K
2020
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2015 reviewed*
FY2016 reviewed*
FY2017
FY2018
FY2019
FY2020 reviewed
Income statement
Revenue
$0
$1
$0
$900
$9,516
$44,444
Cost of goods sold
$0
$0
$23,405
$10,800
$10,750
$29,147
Gross margin
—
100%
—
-1100%
-13%
34%
Net income
-$225,727
-$314,517
-$2,491,403
-$1,025,245
-$354,240
-$764,240
Taxes paid
$0
$0
$150
$5,619
$4,649
$0
Balance sheet
Cash
$54,262
$1,639
$68,901
$10,014
$5,177
$20,205
Accounts receivable
$0
$0
$0
$0
$0
$0
Total assets
$154,660
$208,539
$147,598
$112,354
$553,321
$131,666
Short-term debt
$7,405
$28,139
$70,846
$96,160
$253,873
$594,840
Long-term debt
$37,257
$50,000
$187,800
$9,500
$361,373
$214,596
Total liabilities
$44,662
$78,139
$258,646
$105,660
$615,247
$809,436
Other
Headcount
—
6
6
6
6
6

Figures as reported by the issuer in the filing shown on hover. Each year’s pill shows the assurance level of its filed statements — audited, reviewed (CPA review, less than an audit), or unaudited, as the filing’s own report or certification states it. A dashed pill marked * is inferred instead: the SEC minimum for an offering that size, which the issuer may have exceeded. No pill means we couldn’t tell. Headcount is the filing’s point-in-time count, not a year-end average. Manually corrected figures are marked “Corrected”.

Valuation over rounds

Pre-money — the valuation set before each round’s money came in
$6.2M
pre-money
$17.5M
pre-money
Reg CF · Common · Mar 2018
Reg CF · Common · Nov 2021

Blue bars are the pre-money valuation the company stated for a priced round.

Share price over rounds

$3.0692$1.5346$1.32
Mar 2018Nov 2021
Round offering price or verified disclosed saleDisclosed sale, unverified or year-onlyDown round · Oct 2019 (-47.2%) · Nov 2021 (-26%)

Disclosed sales come from the issuer's own filings (prior-offering lines, audited-statement notes) and are amount ÷ securities sold. A down round is a firm point more than 25 % below the previous firm point of the same share class on a comparable basis; the comparison ignores unverified and year-only lines.

Fundraising history

Raised $48.6K / $535KInvestors 100Post-money $17.6M
Raised $119K / $1.1MInvestors 120Post-money $6.3M
Raised $337.5KInvestors 4

Team

11 people
Bill PatridgeFounder
President & CEO

Over a career that spans four decades, Bill has served as President and CEO of four privately held companies, which he later took public on NASDAQ: Future Communities, a building conglomerate, Growth Sciences, a scientific and research development company, Patco Industries, a law enforcement products company, and Applied Laser Systems. Bill was directly responsible for raising over $30,000,000 for Applied Laser Systems. Since 2014 Bill has been the President and CEO of Apparent Energy. He is also President & CEO of Hedgebrook Inc., a shell company, from 2012 - Present

Hani Hajje
Founder and Board Member

Hani Hajje is an engineer and serial entrepreneur. Hani started his first e-commerce software company Power Solutions, Inc. in 1995 and had a success exit. Hani later joined a payment processing company Merchant e-Solutions and was on the executive team till they sold in 2012. Hani is a co-founder of Apparent Energy and has been a board member of the company since 2012.

William Patridge
CEO, Principal Executive Officer and Director, Principal Financial Officer and Principal Accounting Officer
Nick Baida
Vice President of Product Development

Nick Baida is the owner of 7 businesses. Since Nick became an Officer Company in August 2017, the Company has moved forward in a positive note by creating structure and teamwork to achieve our goals. Nick is also one of the creators behind our patents. Nick has been the CEO and owner of Sunshine Large Load Laundry since 2007 - Present, and NBC Incorporated, a company that buys and sells houses, for profit, since 1998 - Present.

Adam Reed
Head of Engineering Department

Adam was with Bill going back to their success with making the laser pointer and other patented technologies. They have spent their lives inventing and building companies with complimentary skills.

Clay Baker
Engineer

Clay is one of the main brains behind the DEC patented technology. He is a excellent engineer with experience over education and has been with the Company since 2015.

Gerard Jilek
Engineer

Gerard has decades of experience in digital printing, engineering, and the CAD. Gerard like many of those on the team are looking at Apparent Energy as the future of renewable energy's.

Holly Duer
Accounting

Holly has been working for Bill in various endeavors for over a decade and is a perfectionist with great attention to detail.

Brett B
Investor

Brett helped found the company and is now working on his own projects and businesses.

Show 2 more people
Nagaraj Murthy
Director

Nagaraj Murphy has been a board member since 2014. He is a dentist that practicing in Southern California and an investor in various companies.

William Go
Director

William Go started as an engineer with Cisco Systems. Since that time he has worked in the investment world managing investments. Since 2014 William Go has been a managing partner of Johnny Carino's restaurant chain. William Go has been a board member of Apparent Energy since 2017.

Names and titles as disclosed on StartEngine, SEC Form C. Bios and photos come from the platform campaign page and may be out of date.

Reg CF annual-report compliance

Not requiredFewer than 300 holders of record

Filed 3 of 9 annual reports (FY2017–FY2025)

120 investors
holder-count proxy

Reg CF issuers must file a Form C-AR each year until a Rule 202(b) termination trigger is met.

SEC filings

  • Form C-UMay 13, 20220001665160-22-001651
    EDGAR
  • Form CNov 23, 20210001665160-21-002086
    EDGAR
  • Form C-ARSep 21, 20200001665160-20-001167
    EDGAR
  • Form C-ARSep 21, 20200001665160-20-001168
    EDGAR
  • Form C-ARSep 21, 20200001665160-20-001169
    EDGAR
  • Form C-UMay 8, 20180001665160-18-000430
    EDGAR
  • Form CMar 22, 20180001665160-18-000232
    EDGAR
  • Form DAug 16, 20170001250853-17-000074
    EDGAR
Source: ManualCIK 0001714819NVShare price $2.27

About this data. Figures are compiled from public sources — SEC EDGAR filings (Form C, C-AR, 1-A, 1-K) and funding-platform pages — and may be delayed, incomplete, or restated by the issuer. Financial statements are as reported by the issuer; each year is labeled with its assurance level (audited / reviewed / unaudited). A valuation cap is the conversion ceiling of a SAFE or convertible note, not an agreed company valuation; post-money figures are computed as pre-money plus amount raised and are not a traded price. Crowdonomics is not a broker-dealer, funding portal, or investment adviser; nothing here is investment advice or an offer to sell securities. Verify all figures against the linked EDGAR filings.