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New Use Energy

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New Use Energy Solutions, Inc.

Energy & Cleantech · Energy · Tempe, AZ · Founded 2019

Replacing fossil fuel generators with mobile solar solutions

Post-money valuation ⓘ
$16.4M
As of Apr 2022 · from Reg CF Offering (2022) · pre-money + amount raised, not a traded price
Total raised
$694,231
Crowd $141K · Private $553K · 4 rounds since 2019
Latest share price
$1.55
Reg CF · Preferred Stock · Feb 2022 offering price

Financials

FY2019–FY2020 · from SEC filings · hover any figure for its source
$0
−$15
2019
$82K
−$1K
2020
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2019 unaudited
FY2020 unaudited
Income statement
Revenue
$0
$82,095
Cost of goods sold
$0
$58,809
Gross margin
—
28%
Net income
-$15
-$1,238
Taxes paid
$0
$0
Balance sheet
Cash
$2,431
$12,386
Accounts receivable
$0
$5,826
Total assets
$2,431
$18,212
Short-term debt
$0
$0
Long-term debt
$0
$0
Total liabilities
$0
$0
Other
Headcount
—
10

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
$16.1M
pre-money
Reg CF · Preferred · Feb 2022

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

Share price over rounds

$1.55$0.775$0.4854
Jun 2019Feb 2022
Round offering price or verified disclosed saleDisclosed sale, unverified or year-onlyDown round · Mar 2021 (-42.9%)

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 $140.9K / $1.1MInvestors 132Post-money $16.4M
Raised $200KInvestors 1

Team

12 people
Doug KleinFounder
CFO

Highly skilled at building technology companies from launch through middle-market stages for public and private investors. Brings a strategic mindset as CFO with a broad and deep skill set extending from global manufacturing to distribution and sales. Deploys technology solutions to improve lives around the world.

Lee FelicianoFounder
COO & Board Member

Solar industry leader and solar finance expert in the residential, C&I, Community Solar and utility solar PV sectors. Entrepreneurial success in both Startups & Publicly Traded Firms. Unwavering in his mission to make solar more affordable and to reach those who mainstream solar overlooks.

Paul ShmotolokhaFounder
CEO & Chairman of the Board

Entrepreneurial, global, high-energy leadership. Consistent record in founding, growing and exiting telecoms and energy businesses. Determined to have New Use Energy Solutions lead its segment in both the human share as well as its market share.

Douglas Klein
Chief Financial Officer (Principal Financial and Accounting Officer)
Eric Youngren
Head of Product Development

Decades of clean energy solutions design experience across the globe in the toughest environments. Off-grid, battery back-up, grid-tied solar, microhydro, wind and generator hybrid energy systems for families, businesses and rural village communities. Solar Entrepreneur and inventor of the Solar Nexus.

AY Young
Special Advisor

AY Young is a producer, singer, songwriter, entertainer, entrepreneur and United Nations Youth Ambassador. While touring the USA, AY learned that over 1 billion people lack access to electricity. So AY began powering concerts using renewable energy, raising awareness about sustainability, and fundraising to bring people electricity. Thus, the Battery Tour was born and has plugged in 17 countries to date.

Katie Black
Special Advisor

Katie’s solar career spans more than 17 years in sales and business development functions. She is currently the Vice President of Business Development at Signal Energy, an engineering, procurement, and construction leader based out of Chattanooga, TN. Katie is focused on expanding relationships with major IPPs, utilities, and national accounts on project work across the country.

Nate Heegaard
NGO Liaison

Inventor, Entrepreneur and dedicated humanitarian. Nate influences New Use Energy Solutions' product development and plays a key advisory role in marketing and growing New Use Energy Solutions' relationships with NGO's to effectively bridge the for profit to non-profit gulf and grow New Use Energy Solutions' social impact.

Nicholas Rogerson
Board Director

As a global entrepreneur, management consultant at Root Capital and co-founder of the Global Family Initiative in Ethiopia, Nicholas brings to New Use Energy Solutions valuable insight to intersect profit oriented business with social impact, especially in the area of combating climate change and promoting equitable development.

Show 3 more people
Richard Birt
Special Advisor

After a 30-year career in the fire service and founding Solar And Fire Education (S.A.F.E.) which teaches firefighters how to safely mitigate fires involving solar panels and batteries, Captain Birt is now channeling his energy to bring mobile solar solutions to Fire Departments nationwide and replace their use of portable gasoline generators.

Roger Heegaard
Board Director

An attorney and entrepreneur, Roger brings extensive experience in building companies, fundraising methods, working effectively with investors and a deep understanding of business strategy. Roger currently serves as President of Enova Illumination Inc, a leading edge provider of battery powered medical illumination devices.

Will Heegaard
Special Advisor

A pioneer who established Footprint Project to bring clean energy to help people and communities survive and build back greener after disasters. Assists New Use Energy Solutions in innovating products to meet real needs and demands of first responders and forming the base for long term community resiliency.

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

Delinquent

Filed 0 of 5 annual reports (FY2021–FY2025)

Missing: 2021, 2022, 2023, 2024, 2025

132 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 2, 20220001665160-22-001471
    EDGAR
  • Form C/AMar 4, 20220001665160-22-000389
    EDGAR
  • Form CFeb 17, 20220001665160-22-000293
    EDGAR
  • Form DApr 26, 20210001854841-21-000001
    EDGAR
Source: ManualCIK 0001854841DEShare price $1.55

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.