Flux

We are creating a software for EV owners to share their extra battery creating an energy storage business at their home.

Product Demo: https://www.youtube.com/watch?v=BYaSF3kHj-Y

We have installed our testbed in Portland, Oregon. We are working with local utility companies to lead their programs in this space and have 10 pre-orders and growing. Our software release is aimed for early 2025.

EV owners who own a home above the age of 34. This results in a market size of around $7B in the US alone. By 2030, in the US, there will be roughly 26 billion EVs on the road exploding the market size to around $100b.

We are solving the energy storage crisis by tapping into unused energy in EV batteries.

Our platform along with a white labeled two way charger enables EV owners to intelligently provide services to the power grid generating up to $3,000 in revenue annually turning your home into an energy storage business. By unlocking this, we can deploy energy storage 1800X faster than large energy storage projects at 6% the cost of residential energy storage solutions. Our software automatically manages the charging and discharging process for EV owners allowing them to just plug in.

Traditional residential energy storage stands around $1100 per kWh where we stand at around $65 per kWh. This allows us to deploy energy faster and more efficiently. We also can deploy energy storage in dense urban areas where as large energy storage competitors cannot.

We leverage vehicle APIs to work with any charging hardware on the market. Most competitors are hardware focused where we use existing hardware allowing us to move faster and more efficiently. We leverage multiple ways for our customers to make money while our competitors only use 1. We can make our customers the most amount of money faster and more reliably.

We take 70% commission from the revenue earned.

We are leveraging car dealerships to sign up our customers on day 1. Using existing data, we are reaching out to existing EV owners to sign them up and later will be launching social media campaigns.

52% development, 16% sales and marketing, 32% office and overhead.

We are raising $1.5M for our seed round at a $10M valuation. This is negotiable.

The risks we face are large vehicle manufacturers like Ford coming out with their own software. This is not going to be cost effective for them as they will not develop software to work with every energy company across the world. Energy companies also want to work with only a few aggregators like Flux rather than multiple automakers.

We have bootstrapped all funding maintaining 100% founder ownership.