RePurpose Energy, Inc.
Regulation Crowdfunding offering on StartEngine · Form C filed March 5, 2026 · Fairfield, California
RePurpose Energy, Inc. develops second-life energy storage systems built from used electric vehicle batteries, with proprietary testing, fire suppression and State of Health technology. The company reports net revenue of $1,938,538 for 2024 (largely grant income), has operated since 2017 and is offering up to $1,235,000 in a Simple Agreement for Future Equity with a $20,000 minimum target.
Profile details below were extracted automatically from the issuer's filing documents. Figures in the financial table come directly from the SEC's structured Form C data.
Offering terms
- Security
- Simple Agreement for Future Equity
- Maximum
- $1,235,000.00
- Price
- Not stated per unit
- Pricing method
- N/A
- Deadline
- April 30, 2026
- Oversubscriptions
- Accepted
- Intermediary
- StartEngine Primary, LLC
Broker-dealer, SEC file 008-70060 - Intermediary fee
- 7 - 13 percent
- Intermediary equity
- One percent (1%) of securities of the total amount of investments raised in the offering, along the same terms as investors.
Financials as filed
| Item | Most recent FY | Prior FY |
|---|---|---|
| Revenue | $1,938,538 | $1,016,213 |
| Cost of goods sold | $1,704,079 | $886,106 |
| Net income (loss) | -$148,259 | -$280,403 |
| Total assets | $2,614,191 | $2,525,453 |
| Cash and equivalents | $1,298,895 | $1,962,703 |
| Accounts receivable | $1,010,072 | $245,014 |
| Short-term debt | $682,913 | $296,666 |
| Long-term debt | $2,035,000 | $2,071,373 |
| Taxes paid | $0 | $0 |
Two fiscal years as reported on the Form C cover sheet. 7 employees. Offered in 52 states.
Use of proceeds
At the $20,000 target: 7.5% StartEngine platform fees and 92.5% technology development and certification. At the $1,235,000 maximum: 7.5% platform fees, 50.0% production and scale-up, 20.0% technology development and certification, and 22.5% business development and operations. Management may change the intended use.
Valuation
Valuation cap of $30,000,000 with a 20.0% discount on the SAFE; the cap was set internally by the company without a third-party valuation. Investor bonuses (loyalty, early bird, flash, tier and StartEngine Venture Club discounts) can increase the discount.
Prior raises
Not stated
Financial statements
Financial statements for 2024 and 2023 are unaudited and were reviewed (not audited) by SeiApart Accountancy Corp. The review report includes a going concern paragraph.