Sunnoo is Leading the Charge
Sunnoo's solar EV charging solution is designed to liberate electric vehicle users from grid dependence, ensuring accessible charging wherever their journeys take them. Engineered for rapid deployment with streamlined components, our solution provides unmatched reliability, providing the most accessible charging option precisely when and where it's needed.
Sunnoo Key Facts
- Our innovative, mobile. solar EV charging unit utilizes Level 2 charging technology and advanced power storage
- 10-12% more efficient than anything on the market
- Ready for use in minutes upon delivery – not hours or days!
Success to Date
Over the last several years, the Sunnoo team has worked to develop an innovative grid-independent, charging solution that sets a new bar for solar, electric vehicle charging. Some of our early successes and milestones to date include:
- Patent granted on novel dual axis, single motor solar tracker that dramatically reduces parts count improving cost and reliability
- Department of Energy grant
- Personal investment of over $400,000 from company founders – that’s how much we believe in what we’ve created
- Pilot manufacturing facility established in Las Cruces, New Mexico in June 2024, first fully functional unit is planned to be installed by end of the year.
- Well seasoned advisory board secured and in place since mid-2024.
- We competed on Amazon Prime’s entrepreneurship show, The Blox and are planning on being featured in the fall 2024 season.
- Significant early partnership interest from municipalities and government organizations
- Partnerships with Sandia National Laboratories, New Mexico Economic Development department and local universities leveraged to validate solar tracker function and energy harvest.
The Problems Sunnoo SolveS
- EV infrastructure buildout is too slow
– High risk of not meeting projected need of 500,000 charging stations by 2030
– Range anxiety is slowing EV adoption - It is extremely expensive and painfully slow to install grid connected EV charging infrastructure
– Site work and permitting significantly delays many installs
– Underground construction costs often delays or cancel installs - Reliable, grid independent EV charging alternatives are needed
– The grid is simply unavailable in some geographies
– The grid is overtaxed in certain areas and grid modernization is too slow
– Grid tied chargers are reliant on the fossil fuel driven grid to power the sustainable EV market
Solution
Sunnoo’s dual axis EV charger installs in minutes, virtually eliminates all permitting and interconnect concerns
Peace of mind, your EV(s) can get energy even when the grid is not available.
Harvest more energy through our patented tracker combined with bifacial panels equating to 10-12% more energy than our closest competitor
Specifications
- Solar Array Power Production: 5kw, dual axis tracking with bifacial panels
- Battery Storage: 24, 48, 96kWh battery
- Maximum Daily Range: 350+ electric miles (dependent on zone and other factors)
- EV Charge plug: level 2 plug NACS/J1772 (Tesla plug standard)
- Emergency power option: 240VAC and 2x120VAC GFI outlets
- Trickle charge from grid
- User Interface: Touch screen / Mobile App Data Monitoring
Business Model
Sunnoo's business model is hardware product focused with long term opportunities for both services and SaaS revenue.
At launch, we aim to focus on delivering our EV charger solution to municipalities and institutions in our service network.
Sunnoo plans to fabricate and assemble EV chargers at its Las Cruces, NM facility. Once sufficient volume (50-60 units) has been established, Sunnoo plans to transition to a contract manufacturing model. During the early stage, design, sub-assemblies, and final assembly practices and bill of materials can be optimized for contract manufacture.
Our subscription-based Power Output Monitoring Platform may provide customers and partners with operational and performance data. Partners can use the platform to monitor and maintain their fleet(s) of Sunnoo chargers. The on-unit, LED display may also present a revenue generating opportunity in the form of out-of-home advertising/sponsorships.
Sunnoo intends to leverage its extensive network of solar industry installers and O&M providers as part of the service strategy.
Market
The Biden-Harris administration set aside $623 million in grants to help build out the electric vehicle charging network across the U.S. The White House goal is to grow the nationwide network of publicly available chargers to 500,000, by 2030 - no more than 50 miles (80 km) apart - on the nation's busiest highways and interstates. Sunnoo’s solution is an ideal solution for hard to reach rest areas, parking lots, and remote stretches of highway.
The Opportunities Sunnoo Presents:
By 2030, nearly 30 million charging ports are forecasted by NREL to be needed to support the number of EV’s that may be on the road. Charging ports can be broken down into multiple types per NREL’s graphic below.
Sunnoo’s solution accesses Private and Public L2 markets (~2M ports by 2030)
- NREL forecasts the overall EV charger market to exceed $100B by 2028
- IDTechEX a market research firm forecasts the off-grid EV charging market to hit $16B by 2034
- Based on conservative estimates, the total available market to Sunnoo exceeds $500M
We believe Sunnoo is the ideal solution to address EV charging infrastructure challenges in difficult to reach geographies, and we estimate that our solution is perfectly suited to address up to 10% of charging needs required by the US government.
Press
Sunnoo was a featured competitor on the largest competition reality TV show for startups, The Blox, and is planned to be featured on the winter 2025 season on major streaming services.
Team
Additionally, we have built an extraordinary – and active – advisory board of industry leaders who help guide leadership while filling gaps to create a powerful team of passionate innovators.
Investor Invitation
We are paving a way to more accessible EV charging, regardless of location or access to grid tied solutions. Our solution aims to:
- Build new, state-of-the-art EV charging infrastructure
- Diversify the traditional grid-tied EV charging market by ensuring emergency preparedness and charging in hard to grid-connect places.
- Be an active solution to help mitigate range anxiety and accelerate EV adoption
- Beat competitive solutions on the market for efficiency, convenience, and price
- We plan to create new, good-paying, domestic jobs by manufacturing our units in America (New Mexico)
- Once up and running, we plan to donate a unit to an area in need for every hundred units sold (i.e. areas hit by natural disasters, areas without access to electricity, etc.).
- We want to remove politics from sustainable, solar solutions
Use of Proceeds
If the offering's maximum amount of $1,000,000 is raised:
| Use | Value | % of Proceeds |
|---|---|---|
| Product Development | $250,000 | 25.0% |
| Skilled Labor | $150,000 | 15.0% |
| 3rd Party Testing & Certification | $100,000 | 10.0% |
| Facility Ops, Equipment, Services | $275,000 | 27.5% |
| Marketing | $125,000 | 12.5% |
| Legal | $51,000 | 5.1% |
| Intermediary fees | $49,000 | 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 Sunnoo, Inc. This offering must reach its target of at least $10,000 by its offering deadline of March 28, 2025 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 reviewed 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
- Nov 13, 2024Our pilot unit is just about complete!!! The...
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