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Power2Peer

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Power2Peer Inc.

Energy & Cleantech · Boston, MA

Advanced Solar Power A virtual marketplace expanding the frontiers of renewable energy.

Post-money valuation ⓘ
$16.1M
As of Mar 2019 · from Reg CF Offering (2018) · pre-money + amount raised, not a traded price
Total raised
$86,336
Across 1 round since 2018
Latest share price
$2.00
Reg CF · Common Stock · Aug 2018 offering price

Financials

FY2016–FY2018 · from SEC filings · hover any figure for its source
$0
2016
$0
2017
$53
−$13K
2018
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2016 unaudited*
FY2017 unaudited*
FY2018
Income statement
Revenue
$0
$0
$53
Cost of goods sold
$0
$0
$0
Gross margin
—
—
100%
Net income
$0
$0
-$12,803
Taxes paid
$0
$0
$0
Balance sheet
Cash
$0
$0
$37,106
Accounts receivable
$0
$0
$0
Total assets
$0
$114,020
$37,106
Short-term debt
$0
$0
$0
Long-term debt
$0
$0
$0
Total liabilities
$0
$0
$0
Other
Headcount
—
7
7

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
$16.0M
pre-money
Reg CF · Common · Aug 2018

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

Fundraising history

Raised $86.3K / $100KInvestors 151Post-money $16.1M

Team

9 people
Dr. Nish SonwalkarFounder
Founder, Chief Evangelist, and Director

Inventor and Entrepreneur, has over 25 years of experience in the development of innovative technologies related to solar thermal applications, open-cycle ocean thermal energy conversion (OC-OTEC) evaporators and molecular dynamics of energy materials and nano-interfaces, such as Si and copper interfaces and optical coatings. As the former Principal Research Scientist and faculty at MIT, he developed the combined molecular dynamics (MD) and laser Raman spectroscopy methodology for the design of new material interfaces. He has also served as PI on numerous NSF research and SBIR awards related to surface science and educational technology. Positions held: Founder and Chief Evangelist, Power2Peer, Inc. - January 2018 to Present (8-10 hours/week), Founder and Chief Scientist, SunDensity, Inc. - March 2016 to Present, Founder and President, IntellADAPT - June 2014 to Present (primary job)

Eric MacDonald
Director of Technology

Eric MacDonald is a software architect with experience developing scalable and efficient platforms for blockchain technology. He is a key architect of the Adaptive 2.0 platform for EdwiseTech Inc., using both J2EE and LAMP stacks. Specific to the commercialization of the Power2Peer blockchain platform, Mr. MacDonald is responsible for leading the developers in creating a robust platform, performing quality assurance, and troubleshooting problems. Positions held in the past 3 years: Senior Software Developer, intellADAPT - August 2014 to Present Founder, MacDonald Consulting - 2009 to Present Chief Technology Officer, dFb Web and Game Hosting - Feb 2006 to Feb 2010

Mamta Sonwalkar
Director and VP of Operations

Mamta has over 20 years of experience in the development of software solutions for publishing, education and information technology and embedded software development. She is an expert in agile development processes and has successfully developed and deployed adaptive learning, LMS, and LCMS platforms. She will be in charge of the Power2Peer Boston’s Ethereum based platform for blockchain innovations. She has a degree in computer science and an entrepreneurship certificate from the MIT Enterprise Forum. Positions held in the past 3 years: VP Operations, Power2Peer, Inc. - April 2018 to Present, IT Project Manager, Maloney Properties, Inc. - December 2014 to March 2018

Richard P. Lewandowski
Director of Microgrid Implementation

Mr. Lewandowski has over 30 years’ experience in the field of renewable energy. He is the Founder past CEO of Prism Solar Technologies, Inc., a NY photovoltaics (PV) module manufacturer. Founder, Past President and CEO of Direct Global Power (DGP): Founder and former CEO of SunWize Technologies, Inc., one of the largest PV distributors in North America. Former Vice President of Technology of Besicorp Group, Inc. Former President of BioEnergy Group Inc., Founder, past President and Board Director of the New York Solar Energy Industry Association (NYSEIA). Founder and past President of the Illinois Solar Energy Industry Association. Former President of the ASES Chapter - Illinois Solar Energy Association. Present Board Director for the New York Solar Energy Society. Positions held in the past 3 years: Chief Operation Officer, Power2Peer, Inc. - May 2018 to Present Entrepreneur-in-Residence, SunDensity, Inc. - May 2017 to Present Connector with USDOE and NECEC Executive Director, Center for Evaluation of Clean Energy Technology (CECET) - 2013-2016 Founder and Managing Partner, Direct Gain Consulting - 2011 to 2013

Binod Pant
Software Engineer

Binod has over 20 years of experience developing software for one of the largest mathematical software companies, Mathworks. An expert in blockchain architecture and distributed database systems, he will be the primary front-end developer for the smart contracts and token exchange.

Mike Maloney
Communications and PR

In addition to nearly a decade of writing and editing experience, Mike has spent years observing trends in the renewable energy industry. A graduate of Northeastern University who was initially drawn to the solar sector through a stint as a solar panel technician, he lends a keen eye to Power2Peer’s website and blog as lead content editor.

Nick Rinehimer
Marketing Manager

Nick is an independent blockchain technology and product strategy consultant with a background in sales and product management roles at a number of Boston and NYC startups. He is a strong supporter of the green energy movement and sustainable technology in general.

Sean Zorger
Lead Multimedia Developer

Sean has over 15 years of experience in development of multimedia assets for online courses and technologies. He has developed effective websites, animations, and educational video objects for multimedia authoring environments. He will be responsible for the Power2Peer Boston website design and development deployments as Power2Peer Boston grows with blockchain innovations.

Swamini Shah
Manager of Finance and Administration

Swamini has over five years of working experience in corporate law firm. Over the year she has led the financial management and intellectual property management of SunDensity. She is responsible for the legal contract, grant funding management and reporting for the company. She is also responsible for administration of the company policy, procedures and operations. She earned a BSL-LLB Law degree from India and MBA from UMASS, Boston.

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 requiredFiled Form C-TR (terminated reporting)

Filed 1 of 8 annual reports (FY2018–FY2025)

151 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-TRJun 5, 20200001665160-20-000729
    EDGAR
  • Form C-ARMay 3, 20190001665160-19-000611
    EDGAR
  • Form C-UMar 11, 20190001665160-19-000263
    EDGAR
  • Form C/AFeb 1, 20190001665160-19-000140
    EDGAR
  • Form C/AJan 7, 20190001665160-19-000026
    EDGAR
  • Form C/ANov 6, 20180001665160-18-001196
    EDGAR
  • Form C/AAug 14, 20180001665160-18-000821
    EDGAR
  • Form CAug 9, 20180001665160-18-000804
    EDGAR
Source: ManualCIK 0001748415DEShare price $2.00

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.