Dear Powur Investors,
We are excited to announce a 2024 Regulation Crowdfunding campaign, our first opportunity for equity ownership in over 3 years! We believe the details of this fundraising event prove to be an extremely compelling opportunity for investors to increase their equity positions in Powur, or for new investors to join the Powur cap table for the first time.
As the solar industry has adapted to changing net metering policies in the country's largest markets, and the impact of the highest interest rates in 23 years on consumer financing, many companies have struggled. However, Powur’s success has NEVER been based on short term trends. We continue to prioritize and focus on the long term, and we believe there are more opportunities for Powur to become a top 3 residential solar company now more than ever.
We know interest rates won’t stay high forever. Demand for financing will pick up, valuations will increase, and market cycles will change. We also now have the blueprint for an increasing storage attach rate, and have seen first hand that Solar + Storage sales drive fundamental unit economics improvements that make our business much stronger! Not to mention, mastering the storage value proposition positions Powur for success post net metering in any market, which was always the key to mainstream adoption of these technologies.
It is clear to us that the winners of this current market cycle will emerge as the leaders of the U.S. Resi Solar industry, with revenues that massively eclipse former all time highs and a thinned competitive field. This is 100% the time for Powur to double down on evolving our business model, increasing our capabilities, strengthening the balance sheet, and ATTACKING where we see opportunity. As such, Powur is raising up to $5M to further strengthen our position in the industry and attack our next 10x growth opportunity now.
You can see the full details of our current offering, including some of the perks for both Regulation CF and Regulation D accredited investors here.
We believe our 2024 Regulation CF is a significant opportunity for our investors to take advantage of macro economic cycles to increase their equity position in Powur at lower prices. Powur is raising under our 2021 valuation with kickers for previous shareholders who can invest in Powur's Reg D. We believe this attractively prices the company, and should provide significant upside as the business achieves future years forecasts.
Almost 20% of the round is already subscribed, with over $150,000 from me personally to demonstrate how bullish I am about our prospects for the future, and my commitment to the business. $630,000 was committed by the Powur Board and inner circle execs to represent our belief in the team, the strategy, and the imminent growth we see in 2025. For us, this is an exciting time where our plan is coming together, and we believe we could rocket from #10 to a top 3 residential solar company by revenue within the next 24-36 months.
If you are interested in playing a bigger part, now is the time to head to our WeFunder page and lock in your spot for 2024. Of course, please share our campaign with friends, family, or on social media and let’s continue to drive Powur higher up the solar industry leaderboards!!
As always, thank you for your continued support. We have installed over 32,000+ systems on customers homes across America, stopping over 3 Billion pounds of CO2 from entering our atmosphere. We could not have done this without you! And the best part is, we’re just getting started.
See you at the top,
Jonathan Budd
Powur Founder/CEO
