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Solar Roadways®

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Solar Roadways Inc.

Industrial & Manufacturing · Engineering · Sandpoint, ID · Founded 2006

Solar Roadways® is the first company to develop Solar Road Panels, which opens up a brand-new market for the solar industry: all walking and driving surfaces. Solar Road Panels are intelligent, modular, strong infrastructure panels which have solar cells to produce clean energy in places where it was previously impossible: parking lots, sidewalks, driveways, bike paths, roads, playgrounds, airports, etc. Solar Roadways®’ research and development has been funded by three U.S. Department of Transportation contracts. Our goal is to modernize the infrastructure with modular, intelligent panels while producing clean renewable energy for homes, businesses, and cities.

Post-money valuation ⓘ
$32.5M
As of Apr 2021 · from Reg CF Offering (2020) · pre-money + amount raised, not a traded price
Total raised
$2,501,915
Across 2 rounds since 2020
Latest share price
$4.55
Reg CF · Common Stock · Dec 2020 offering price

Financials

FY2018–FY2025 · from SEC filings · hover any figure for its source
$420K
$18K
2018
$211K
−$90K
2019
$133K
$948
2020
$115K
−$454K
2021
$12K
−$406K
2022
$1.2M
$268K
2023
$424K
−$1.2M
2024
$63K
−$7.5M
2025
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2018
FY2019 reviewed*
FY2020
FY2021
FY2022
FY2023
FY2024 unaudited
FY2025 unaudited
Income statement
Revenue
$419,838
$211,392
$133,090
$115,325
$12,111
$1,182,476
$423,932
$62,599
Cost of goods sold
$253,603
$123,479
$81,720
$256,455
$281,469
$599,843
$171,807
$581,813
Gross margin
40%
42%
39%
-122%
-2224%
49%
59%
-829%
Net income
$18,044
-$90,085
$948
-$453,914
-$406,187
$268,265
-$1,214,087
-$7,467,369
Taxes paid
$0
$0
$470
$860
$6,219
$0
$0
$0
Balance sheet
Cash
$46,957
$7,063
$27,704
$1,736,320
$1,350,541
$1,654,652
$474,132
$14,288
Accounts receivable
$0
$0
$0
$0
$0
$0
$0
$0
Total assets
$266,675
$202,678
$43,954
$1,752,467
$1,347,092
$1,814,974
$635,587
$175,742
Short-term debt
$2,725
$28,813
$44,436
$4,023
$7,414
$9,942
$31,367
$21,290
Long-term debt
$0
$0
$0
$0
$0
$0
$0
$225,487
Total liabilities
$2,725
$28,813
$44,436
$4,023
$7,414
$9,942
$31,367
$246,777
Other
Headcount
—
4
4
4
4
4
4
4

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
$30.0M
pre-money
Reg CF · Common · Dec 2020

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

Cap table

Share counts as of Apr 22, 2026
ClassOutstandingVotes / shareShare of totalLast price
Common Stock6,621,0591100.0%$4.55Dec 2020

Shares outstanding over timein today's share terms

6.6M3.3M0
Dec 2018Apr 2026
Common StockRound opened

Principal holders% as the filing states it, Apr 22, 2026

  • Julie Brusaw2,723,775 Common Stock45.4%of company
  • Scott Brusaw2,723,775 Common Stock45.4%of company
  • Everyone else (not named in filings)9.2%

Sold to the crowd

From the company's SEC filings: share counts per class, each class's voting and conversion terms, and the holders of 20% or more that Form C requires (officers and 10%+ holders on Form 1-A). Filings name only large holders, so most owners — including crowd investors — are not listed, and a holder's percentage may be of its own class rather than of the whole company. Prices and crowd share counts are in today's share terms — adjusted for splits and conversions since they were sold. Hover a figure for its filing.

Fundraising history

Raised $0 / $5M
Raised $2.5M / $1.1MInvestors 3,092Post-money $32.5M

Team

9 people
Julie Ann BrusawFounder
Vice President

Julie has a master’s degree in Counseling Psychology and enjoys being the liaison to interested customers, distributors, collaborators and press. Julie runs all social media platforms, where she responds to a large international fan base.

Scott BrusawFounder
Chief Executive Officer and President

Scott has a master’s degree in Electrical Engineering. He is the acting CEO and Chief Engineer. He specializes in hardware, firmware, and software. He also doubles as a mechanical, materials, civil, and power engineer. With his experience in creating innovative technologies, Scott also speaks frequently at national and international events.

Julie A BrusawFounder
Co-Founder
Alyssa Delbridge
Director of Science
Alex Sadikov
Advisor, Manufacturing Engineer
Dave Newman
Advisor, Scientist
Deb Kummer
Advisor, Mechanical Engineer
Mike Morris
Mechanical Drafting & IT Support
Ron Coutu
Advisor, Electrical Engineer

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 required3+ reports filed & assets ≤ $10M

Filed 6 of 6 annual reports (FY2020–FY2025)

3,092 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-ARApr 22, 20260001827698-26-000005
    EDGAR
  • Form C/AApr 2, 20260001827698-26-000003
    EDGAR
  • Form CFeb 17, 20260001827698-26-000001
    EDGAR
  • Form C-ARDec 1, 20250001827698-25-000005
    EDGAR
  • Form C-ARNov 28, 20250001827698-25-000004
    EDGAR
  • Form C-ARMar 7, 20230001665160-23-000363
    EDGAR
  • Form C-UOct 6, 20220001665160-22-002667
    EDGAR
  • Form C-ARMay 10, 20220001665160-22-001602
    EDGAR
Source: ManualCIK 0001827698IDShare price $4.9841

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.