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PVpallet

Operating

PVpallet, Inc.

Software & AI · Montrose, DE · Founded 2020

Reusable solar shipping solutions

Post-money valuation ⓘ
$22.6M
As of Jan 2025 · from Reg CF Offering (2024) · pre-money + amount raised, not a traded price
Total raised
$3,699,619
Crowd $853K · Private $2.8M · 5 rounds since 2020
Latest share price
$39.15
Reg CF · Common Stock · Oct 2024 offering price

Financials

FY2019–FY2023 · from SEC filings · hover any figure for its source
$0
2019
$0
−$18K
2020
$0
−$619K
2021
$824K
−$1.2M
2022
$1.1M
−$1.1M
2023
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2019 reviewed*
FY2020 reviewed*
FY2021
FY2022 reviewed
FY2023 reviewed
Income statement
Revenue
$0
$0
$0
$824,124
$1,121,737
Cost of goods sold
$0
$0
$0
$651,282
$883,103
Gross margin
—
—
—
21%
21%
Net income
$0
-$17,670
-$619,495
-$1,182,538
-$1,140,931
Taxes paid
$0
$0
$0
$0
$8,000
Balance sheet
Cash
$0
$13,513
$388,553
$442,802
$149,488
Accounts receivable
$0
$0
$0
$256,371
$252,884
Total assets
$0
$21,537
$1,472,728
$2,179,764
$2,152,465
Short-term debt
$0
$39,152
$187,597
$1,177,474
$1,438,276
Long-term debt
$0
$0
$490,000
$839,295
$760,832
Total liabilities
$0
$39,152
$677,597
$2,016,769
$2,199,108
Other
Headcount
—
5
6
—
9

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
$18.5M
pre-money
$22.5M
pre-money
Reg CF · Common · Nov 2021
Reg CF · Common · Oct 2024

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

Share price over rounds

log scale
$39.15$1.7642$0.0795
Nov 2020Oct 2024
Round offering price or verified disclosed saleDisclosed sale, unverified or year-onlyDown round · Dec 2022 (-99.7%)

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, and each class is drawn as its own line.

Fundraising history

Raised $50.1K / $618KInvestors 21Post-money $22.6M
Raised $1.7MInvestors 4
Raised $802.7K / $1.1MInvestors 124Post-money $19.3M

Team

12 people
Ethan WollbrinkFounder
Co-founder, Sales

Ethan marshals brand evangelism efforts for PVpallet. A professionally licensed electrician, Ethan has over 7 years of solar supply chain experience. He developed a global network of solar construction partners over the greatest solar growth years in the Midwest while simultaneously demonstrating success in the conference room and at the construction site. Along with his versatility and vast knowledge in all phases of renewable solar energy projects, Ethan brings a proven expertise in sales, construction, finance, and partnership development to PVpallet.

Luke PhelpsFounder
Co-founder, General Manager

Luke Phelps is a founder and general manager of PVpallet. He has over 18 years of experience owning and operating small businesses, with a successful track record in the home building, agriculture, and solar design and installation industries. He is a creative thinker, always looking for ways to improve and optimize solutions, and is an expert at creating strong foundations for business operations and growth.

Philip SchwarzFounder
Co-founder, Business Development

Philip leads the business development, sales, and marketing functions for PVpallet. Philip is a professionally licensed engineer with over 14 years of experience in the renewable energy arena. He ran a profitable solar PV technical consulting company for four years where he worked on over 60 utility-scale projects totaling 7+ GW across 19 U.S. states. At PVpallet, Philip provides an established, successful approach to business development, along with strong solar industry connections and an entrepreneurial spirit.

Steven KottwitzFounder
Co-founder, Design, Supply Chain and Manufacturing

Steven Kottwitz spearheads the design and manufacturing efforts for PVpallet. He brings a breadth of knowledge to the PVpallet team, having past key management roles in agricultural retail and ranch management, as well as years of experience in fabrication projects. With his hands-on approach to learning, Steven is an expert designer and critical thinker, and it is his mission to ensure that PVpallet's are not only optimized for today, but also thinking forward to the solutions for tomorrow.

Ryan Francis
CFO and Treasurer
Jason Wood
Operatons / Office Manager

Jason Wood ensures the daily operations of PVpallet run seamlessly by implementing key processes and practices across the organization. He spent 25 years serving our country as an Army Counterintelligence Officer (Special Agent) with a focus on intelligence collection, investigations, physical security, training, strategic planning, and operations. He spent an additional five years as a senior manager at an IT security / managed services firm followed by 12+ months as an area manager (operations) at a global services company. Jason believes in leading by example and making a positive difference every day.

Randy Ambrosy
Advisory Board

Business owner with 30+ years’ experience. Historically focused in the technology sector; now working in the renewable energy and environmental industry. Great understanding of human behaviors and people leadership. Skilled in innovation theory and business planning. Strong operations professional with a Master of Business Administration (MBA) focused in Business Analytics from Loras College.

Scott Dailey
Advisory Board

Business optimization and development expert with 20 years’ experience. Primary focus in the solar industry for 12+ years yielded expertise in product development, deployment, and strategic partnering. Analytical thinker and problem-solver with a rare mix of technical, strategic, and financial expertise, capable of increasing market, creating value, and reducing cost. Accomplished business advisor and collaborator and a driving force willing to do whatever it takes to make great things happen. Strong collaborator with the ability to think hi-level strategy while maintaining detail-oriented focus and acting in a hands-on capacity. MBA from Stanford University.

Tyler Kanczuzewski
Advisory Board

Sustainability and marketing professional with 9 years’ experience. Substantial focus in sustainability and creative marketing has resulted in an affinity for good stewardship, renewable energy, and conservation. Deep understanding of the interconnectedness of people and natural environments. Passionate about making a positive impact on others and helping the world think more about what it means to be a good steward. Strong thinker, creative, and adventurer with a deep love for fitness and the outdoors. MBA from Grand Valley State University with an emphasis in Sustainability.

Show 3 more people
Vanessa Benkert
Marketing & Branding

Vanessa Benkert leads the marketing and branding efforts at PVpallet. 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. At PVpallet, Vanessa brings an expert, proven approach to content development, both visual and verbal, along with a zest for meeting new challenges.

Zach Gates
Finance & Accounting

Zach Gates leads PVpallet’s finance accounting team in a fractional CFO role. Zach is a licensed CPA with 8+ years of experience in public accounting. He has an extensive background in providing audit and assurance services and outsourced CFO services to startups and manufacturing companies.

Eric Engelmann
Board Member

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 5 annual reports (FY2021–FY2025)

124 investors
holder-count proxy

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

  • Form C-UJan 22, 20250001665160-25-000104
    EDGAR
  • Form C/AJan 10, 20250001665160-25-000039
    EDGAR
  • Form C/AOct 24, 20240001665160-24-001468
    EDGAR
  • Form COct 23, 20240001665160-24-001441
    EDGAR
  • Form C-TRJun 22, 20230001665160-23-001431
    EDGAR
  • Form C-AR/AJun 22, 20230001665160-23-001430
    EDGAR
  • Form DJan 13, 20230001890306-23-000001
    EDGAR
  • Form C-USep 29, 20220001665160-22-002537
    EDGAR
Source: ManualCIK 0001890306DEShare price $39.15

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.