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VROOM SOLAR

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Vroom Solar Inc.

Energy & Cleantech · Energy · Springfield, MO · Founded 2017

Simplified solar for you

Post-money valuation ⓘ
$15.1M
As of Jun 2024 · from Reg CF Offering (2024) · pre-money + amount raised, not a traded price
Total raised
$615,600
Crowd $456K · Private $159K · 3 rounds since 2022
Latest share price
$16.79
Reg CF · Common Stock · Jun 2024 offering price

Financials

FY2020–FY2023 · from SEC filings · hover any figure for its source
$0
2020
$0
2021
$0
−$162K
2022
$0
−$852K
2023
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2020 reviewed
FY2021 reviewed
FY2022 reviewed
FY2023 reviewed
Income statement
Revenue
$0
$0
$0
$0
Cost of goods sold
$0
$0
$0
$0
Net income
$0
$0
-$162,055
-$851,979
Taxes paid
$0
$0
$0
$0
Balance sheet
Cash
$0
$0
$14,279
$44,363
Accounts receivable
$0
$0
$0
$0
Total assets
$0
$0
$16,029
$448,411
Short-term debt
$0
$0
$0
$318,988
Long-term debt
$0
$0
$175,046
$745,175
Total liabilities
$0
$0
$175,046
$1,064,163
Other
Headcount
—
2
2
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
$9.0M
pre-money
$15.0M
pre-money
Reg CF · Common · Jan 2023
Reg CF · Common · Jun 2024

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

Share price over rounds

log scale
$16.79$2.1101$0.2652
Jul 2022Jun 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.

Cap table

Principal holders% as the filing states it, Jan 13, 2023

  • Owned Sun Power, LLC600,000 Common Stock75.0%of company

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 $68K / $618KInvestors 34Post-money $15.1M
Raised $388.5K / $432.3KInvestors 114Post-money $9.4M

Team

6 people
Luke PhelpsFounder
CEO/Founder/Board President

Luke Phelps, is a serial entrepreneur and has been the founder of Red Barn Solar, PVpallet, Inc. and Vroom Solar, Inc. He loves to develop new ideas and find creative ways to help our world become a better place.

Cary Kapper
COO

Cary has served at the same company for 30 years working his way up through the company as Designer, System Lead Designer, Project and Product management. Cary became General Manager in 2008. Under Cary’s leadership he managed $9-$12 million-dollar annual projects in his division and later in another division that did $10-$50 million in revenue. Cary is excited to join the Vroom Solar team and tackle new challenges as our COO.

James Bartley
CTO

Most of James’ career, he has been an electrician. He acquired his masters electrical license and started his own electrical company, in which he shifted focus to the utility scale solar pile driving industry towards the end. James then sold his solar pile driving business and switched focus to real estate investing. Recently he took on the title of CTO for Vroom Solar. James leads the charge for the control center development.

Jonathan Young
Board Treasurer

Jonathan has over 10 years in the Solar industry with a focus on racking design and supply chain management. He has successfully launched and grown two different startups into multi-million dollar businesses. Jonathan owns two patents for solar racking technologies.

Katherine Benson
Community Relations Coordinator

Katherine has over fifteen years experience in teaching design in higher education and applying creative problem solving to a variety of media, from communication design to film production. She utilizes the process of divergent, then convergent thinking for idea development and improving existing systems. Her MS in Communication Design was a two-year study in asking “what does this communicate to someone who’s never seen it before?,” which is a technique she’s continued to apply to her work, no matter what the situation.

Vanessa Benkert
Marketing Lead

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.

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 4 annual reports (FY2022–FY2025)

114 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-TRFeb 26, 20250001665160-25-000324
    EDGAR
  • Form C-UOct 16, 20240001665160-24-001403
    EDGAR
  • Form CJun 18, 20240001665160-24-001007
    EDGAR
  • Form C-TRMar 14, 20240001665160-24-000213
    EDGAR
  • Form C-UAug 10, 20230001665160-23-001633
    EDGAR
  • Form C-UJun 5, 20230001665160-23-001349
    EDGAR
  • Form C/AApr 26, 20230001665160-23-000815
    EDGAR
  • Form C-ARApr 26, 20230001665160-23-000862
    EDGAR
Source: ManualCIK 0001960484DEShare price $16.79

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.