Introduction
Imagine a network of underground utility tunnels, big enough to walk in and perform maintenance that normally requires specialized equipment and tremendous expense, connecting every city (including underserved communities) on every continent, moving 100% clean energy, water, high-speed data & e-commerce goods via pneumatic tubes.
What if these tunnels are created exponentially faster at a fraction of the cost of conventional techniques, with a plasma-powered robot using primarily renewable power & air? Does that sound like a future you want to help build?
Success to Date
- Troy Helming, Founder and CEO
Troy Helming is a clean energy industrialist & pioneer, visionary entrepreneur, innovator, and author of The Clean Power Revolution. He has founded companies that have generated billions in economic impact, including 2 Unicorns, and invented two technologies that have led to more than 172 clean energy patent claims. - Key Team & Advisors have previously accomplished: 6 Exits, 2 Unicorns, $350M Raised.
- Traction: Rights of Way — State Utility CPCNs (Certificate of Public Convenience and Necessity) in 45 States, 96% of the population, 97% GDP).
- Intellectual Property — EarthGrid has a comprehensive trade secrets & patent strategy, with counsel NDWE LLP guiding us. 152 Patent Claims to this day (across 8 total patents), 82 published, 70 pending.
- $50M Raised to date
2016-2021 Founder: $13M
2022 Pre-Seed: $7M (3x Over-subscribed)
2023 Seed: $30M (2x Over-subscribed) - 9-Torch TBR (Tunnel Boring Robot) in development. Testing commenced April 2024.
- PES (Plasma Excavation System)
Originally completed in Jan 2023 (1 torch). Updated system (2-torch) plans to be ready in Q2. - Awards
Pepperdine Most Fundable Companies 1st Place (Platinum Award among 4,000+ startups competing)
1st Place at 20+ Pitch Events: SAC Angels, Pismo Ventures, Kyto Keiretsu. - Financials
Revenue: $0.4M in 2023 (Trenching)
Problem
- Unreliable and unsightly power lines result in wildfires and are extremely vulnerable to weather events.
- The current grid cannot remotely handle our demand for clean energy. It is inefficient and lacks both capacity and distribution capabilities.
- We deserve a resilient, reliable, and efficient infrastructure that can carry us into the future: a SuperGrid.
EarthGrid deploys patented plasma technology to tunnel and excavate at a fraction of the cost and time, avoiding the numerous pitfalls of traditional tunnel boring projects:
- Traditional Tunnel Boring projects are slow and costly.
- Permitting hurdles, like obtaining Rights-of-Way, stop projects dead in their tracks.
- Traditional tunneling is unable to meet increasing demand for renewable energy, high-speed internet, water, and more.
Replacing our outdated, vulnerable grid is a huge responsibility, one that EarthGrid is committed to, creating a reliable, efficient, and resilient SuperGrid to satisfy our rapidly rising needs.
Solution
Our plasma-powered machines can tackle any type of hard rock, like granite or basalt, thanks to our specialized rock-recipes. A dedicated approach to each rock type quickly and efficiently introduces spallation.
- ~9x more reliable than overhead power lines More protected from — and resilient to — severe weather and vandalism
- Avoids the risk of wildfire
- Safer for workers both on and off-site
- Current grid can’t handle the transition to renewable energy
Business Model
Market
A transition to renewable energy in the US will require significant electrical grid infrastructure additions on local, state and national levels. This is driven by increasing electricity demand and changing supply location. The current grid and fiber data network cannot handle the increased demand. In addition to electricity supply; high speed internet, water/wastewater, and highway/railroad tunnel infrastructure will need to be added or replaced. Current technology to accomplish this is slow and costly in the best case. In the worst case, delays make cost and timeline unpredictable.
Press
EarthGrid has been featured in:
TEam
Leadership and Advisory Team
Visionaries, Luminaries, Leaders, Doers
And the ones who look after us (Board Members and Key Advisors)
With international experience across 4 continents in multiple industries including Automobile, Technology, Software, Blockchain, Real Estate, Food & Beverage, Plant medicine, and FinTech he was hand-selected to relocate to Silicon Valley as divisional CFO for a large German software company in 2014. As a 25-year blue-chip veteran, culminating in divisional, regional, and Group CFO positions, he is seen as a trusted advisor by many business leaders.
Leighton believes in business enablement and measured risk-taking, an unusual trait in the finance and accounting profession! He has helped countless successful entrepreneurs take their lives and businesses to the next level. In his new program, Leighton brings together some of the field’s most influential business experts, investors, and start-up founders.
Former Companies:
– Rockwell Collins: Rockwell Collins Controls Technologies (Formerly Athena Technologies)
– Amazon: Kiva Systems: XB15 team (Kiva was later renamed Amazon Robotics), Prime Air
– Tesla: Factory automation and controls
– Remitly: Passbook
Ms. Chong has forged deep ties throughout her legislative and regulatory career, and has developed an expansive local, state, and Federal agency network. This network offers her the unique ability to assist companies in understanding governmental processes, reduce red tape, advocate policy in California and in Washington, D.C., and expedite projects.
CAREER HIGHLIGHTS: Interim General Counsel of Sidecar and regulatory consultant to Lyft. Comcast’s VP Government Affairs. Governor Arnold Schwarzenegger appointee to the California’s Public Utilities Commission, I become the state agency’s point person for telecom, broadband, digital literacy, and Internet policies involving work with the Federal Communications Commission, Dept. of Commerce's NTIA, Department of Energy, and Dept. of Agriculture's Rural Utilities Service. Created a $100M CA Advanced Services Fund to deliver broadband infrastructure to areas without broadband or dial up Internet service. Led nation-leading energy dockets on Smart Grid, Electric Vehicles, Dynamic Pricing & Demand Response.
Investor Invitation
EarthGrid’s goal is to evolve our outdated infrastructure so it can better serve us all. Resilient and efficient underground utility tunnels that can satisfy the demand for renewable energy are created through revolutionary plasma boring technology that transforms impossible projects into reality.
Frequently Asked Questions
Click here to view our PDF of frequently asked questions.
Use of Proceeds
If the offering's maximum amount of $2,996,400 is raised:
Use | Value | % of Proceeds |
---|---|---|
Capital Equipment | $1,500,000 | 50.1% |
State CPCN Filings & License Acquisitions | $349,577 | 11.7% |
Integrated Seismic Prediction Development and Start Up Costs | $500,000 | 16.7% |
Wholly-Owned Line Construction | $500,000 | 16.7% |
Intermediary fees | $146,824 | 4.9% |
Terms
This number includes all funds raised by the Company in this round on Netcapital. This is an offering of Common Stock, under registration exemption 4(a)(6), in EarthGrid PBC. This offering must reach its target of at least $10,000 by its offering deadline of October 15, 2024 at 11:59pm ET. If this offering does not reach its target by the offering deadline, then your money will be refunded.
If the offering is successful at raising the maximum amount, then the company’s implied valuation after the offering (sometimes called its post-money valuation) will be:
Financials
These financial statements have been audited by an independent Certified Public Accountant.
SEC Filings
The Offering Statement is a formal description of the company and this transaction. It’s filed with the SEC to comply with the requirements of exemption 4(a)(6) of the Securities Act of 1933.
We’re also required to share links to each of the SEC filings related to this offering with investors.
Understand the Risks
Be sure to understand the risks of this type of investment. No regulatory body (not the SEC, not any state regulator) has passed upon the merits of or given its approval to the securities, the terms of the offering, or the accuracy or completeness of any offering materials or information posted herein. That’s typical for Regulation CF offerings like this one.
Neither Netcapital nor any of its directors, officers, employees, representatives, affiliates, or agents shall have any liability whatsoever arising from any error or incompleteness of fact or opinion in, or lack of care in the preparation or publication of, the materials and communication herein or the terms or valuation of any securities offering.
The information contained herein includes forward-looking statements. These statements relate to future events or to future financial performance, and involve known and unknown risks, uncertainties, and other factors, that may cause actual results to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties, and other factors, which are, in some cases, beyond the company’s control and which could, and likely will, materially affect actual results, levels of activity, performance, or achievements. Any forward-looking statement reflects the current views with respect to future events and is subject to these and other risks, uncertainties, and assumptions relating to operations, results of operations, growth strategy, and liquidity. No obligation exists to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.
More Info
Updates
- Oct 17, 2024**Our amazing journey on NetCapital has come to...
- Oct 16, 2024Primary offering finalized, sellingshares
- Oct 15, 2024⚡**Only 10 hours left to invest in EarthGrid on...
- Oct 14, 2024**1 DAY LEFT!** This is the last chance to...
- Oct 13, 2024**2 DAYS LEFT TO INVEST!** It's crunch time!...
- Oct 8, 2024**7 Days left to invest on NetCapital!** We...
- Oct 7, 2024**Major milestone!**⚡We have surpassed **$1M**...
- Oct 5, 2024**Troy Helming**, our **CEO & Founder**, is the...
- Oct 4, 2024Our **CEO & Founder**, **Troy Helming**, has...
- Sep 27, 2024**Major milestone!**⚡We have surpassed...
- Sep 25, 2024EarthGrid PBC Live Pitch Tonight! Dear...
- Sep 25, 2024⚡We just crossed $300k on our second...
- Sep 23, 2024To our amazing NetCapital supporters: We just...
- Sep 19, 2024To our amazing NetCapital supporters: We just...
- Sep 17, 2024To our amazing supporters on...
- Sep 15, 2023Thanks to you, our equity crowdfunding campaign...
- Sep 1, 2023Primary offering finalized, sellingshares
- Aug 31, 2023It's crunch time! EarthGrid just surpassed...
- Aug 30, 2023It's the final countdown! In just 1 day,...
- Aug 28, 2023⏳ Only 3 Days Left to Transform the Future with...
- Aug 25, 2023The clock is ticking! With just 6 days...
- Aug 25, 2023At the core of EarthGrid's competitive edge...
- Aug 24, 2023We invite you to join EarthGrid's exclusive...
- Aug 24, 2023Hello EarthGrid Community, The countdown is...
- Aug 21, 2023Hello EarthGrid Community, The countdown has...
- Jul 18, 2023Our team recently attended the prestigious...
- Jul 17, 2023Did you know that the majority of solar and...
- Jul 14, 2023What sets EarthGrid apart is our cutting-edge...
- Jul 11, 2023Hello EarthGrid Community, Milestone...
- Jun 28, 2023In today's ever-changing world, corporate...
- Jun 21, 2023Hello EarthGrid Community, EarthGrid, with...
- Jun 19, 2023In a recent webinar, the EarthGrid team...
- May 23, 2023EarthGrid's innovative technology has the...
- May 18, 2023EarthGrid™ is revolutionizing the construction...
- May 17, 2023Hello EarthGrid Community, Water scarcity and...
- Apr 29, 2023We are excited to announce that we have...
- Apr 26, 2023Here are some of the benefits of our plasma...
- Apr 21, 2023Thank you for considering EarthGrid as a...
- Apr 19, 2023EarthGrid is bringing the world an innovative...
- Apr 11, 2023Introducing EarthGrid™, one of the world's...
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