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SOLVARI

Operating

Solvari, Inc.

Industrial & Manufacturing · Round Rock, TX · Founded 2017

Solar made easy

Post-money valuation ⓘ
$13.1M
As of Nov 2024 · from Reg CF Offering (2024) · pre-money + amount raised, not a traded price
Total raised
$308,114
Crowd $307K · Private $1K · 2 rounds since 2024
Latest share price
$1.00
Reg CF · Common Stock · Nov 2024 offering price

Financials

FY2022–FY2024 · from SEC filings · hover any figure for its source
$360K
$363K
2022
$85K
−$542K
2023
$42K
−$474K
2024
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2022 reviewed
FY2023 reviewed
FY2024 unaudited
Income statement
Revenue
$359,638
$84,897
$41,544
Cost of goods sold
$67,797
$174,262
$142,319
Gross margin
81%
-105%
-243%
Net income
$363,481
-$541,628
-$473,723
Taxes paid
$0
$12,363
$12,882
Balance sheet
Cash
$380,820
$105,920
$22,950
Accounts receivable
$6,638
$6,663
$0
Total assets
$391,255
$218,834
$23,241
Short-term debt
$53,622
$0
$0
Long-term debt
$0
$0
$0
Total liabilities
$53,622
$0
$0
Other
Headcount
—
4
5

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
$12.7M
pre-money
Reg CF · Common · Nov 2024

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

Share price over rounds

log scale
$1.00$0.01$0.0001
Aug 2024Nov 2024
Round offering price or verified disclosed saleDisclosed sale, unverified or year-only

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 $306.8K / $1.2MInvestors 93Post-money $13.1M

Team

9 people
Samuel TruthseekerFounder
Chief Executive Officer, Board Member

With 23 years of engineering, leadership, and startup experience in the solar industry, Mr. Truthseeker is recognized as an industry expert with a reputation for coupling his innovative solutions with a keen business sense to create market-successful products.

Darren Reisner
Mechanical Engineer & Customer Support

Darren has a Master's degree in Mechanical Engineering from UT Austin where he researched advanced solar technology. He has dedicated his career to fighting climate change by developing, improving, and implementing advancements in green technology.

David Levesque
Accounts & Operations Manager

David brings 20 years of sales experience, including the health and energy industries. He has generated over $1M in B2B and B2C sales and negotiated $500k in licensing revenue. David also has experience selling to large companies such as Bayer, J&J, and Pfizer.

Jaco Van Rensberg
Advisory Team Member

CEO at Solean (Formally: Dr of Field Operations for SunEdison, Sr. Field Operations Manager for EchoFirst, Principal Owner of Professional Home Care Solutions) Jaco brings home construction, roofing, and long-tail solar small business operations experience to the team. He has also been instrumental in cost modeling, design and prototype evaluations.

Jeremy Flack
Advisory Team Member

CEO at Flack Metals. Jeremy brings finance, business planning, business growth, metal roofing, M&A, and entrepreneurial expertise to the team.

Josh Plaisted
Advisory Team Member

CEO at Flagstaff Research (Formally: CEO of PVT Solar, CTO of EchoFirst, & VP Engineering at SunEdison) Josh brings startup, business operations, business development, & technology expertise to the team.

Julio Guevara
Line Manager

Julio has over 16 years of construction experience including home construction, roofing, and solar. He is bilingual in English and Spanish which he uses to manage and lead teams of workers towards a common goal of efficiency and quality.

Mike Munsell
Advisory Team Member

Partner at Armstrong Teasdale. Mike brings 25 years of USTPO experience including patents on solar products to the team. He also provides corporate, investment, and contract expertise through his firm.

Rich Robb
Advisory Team Member

CEO at MN Builders. Rich brings construction, roofing, contractor market dynamics, and cost modeling expertise to the team. He was also instrumental in prototype and alpha evaluations.

Names and titles as disclosed on SEC Form C, StartEngine. 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 2 annual reports (FY2024–FY2025)

93 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 4, 20250001665160-25-001176
    EDGAR
  • Form C-UMay 9, 20250001665160-25-001059
    EDGAR
  • Form C-ARMay 6, 20250001665160-25-001014
    EDGAR
  • Form C/AJan 17, 20250001665160-25-000077
    EDGAR
  • Form CNov 12, 20240001665160-24-001584
    EDGAR
Source: ManualCIK 0002034777DEShare price $1.00

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.