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Harvard Business School researchers found that while demand for electric vehicles (EVs) continues to surge, there are ongoing issues with charging infrastructure. For starters, about one-in-five chargers don’t work, making them less reliable than traditional gas stations. On top of that, EV drivers often face inconsistent pricing and “charging deserts,” or areas where there are no charging stations (more than one-third of counties across the U.S. lack a charging station).
GoSun has come up with a solution: a foldable, solar-powered EV charger that sits directly on the vehicle’s rooftop. The charger provides up to 20 miles of driving range, about the daily average for EVs, just by harnessing sunlight. As of this writing, more than 2,000 units have been reserved, demonstrating over $7M in pre-sales.
This isn’t GoSun’s first crack at solar-powered innovation. Their solar-powered ovens, campers, coolers, and more have made them a mainstay in the renewable energy market and garnered more than $25 million in sales to date.
Now, GoSun is looking for new investors to help scale production and expand their capabilities to help their customers live more independent, resilient lives.
Helping Customers Stay Off The (Power) Grid
Extreme weather events, aging infrastructure, and increased demand is putting a strain on the United States’ energy grid. As a result, the number of power disruptions in the U.S. increased from 141 in 2016 to 390 in 2022, according to the U.S. Department of Energy. In the same time span, the average amount of time people spent without power went up 37%.
GoSun was founded to help consumers gain “solar powered independence,” or the ability to meet basic needs without public utilities. Their first product was the GoSun Sport, a solar-powered cooking device capable of making enough food for two people in under 30 minutes.
Today, GoSun has an entire line of solar-powered appliances that can be used at campsites, or during emergencies when power isn’t available. The company has made charitable contributions to the California Fire Foundation, The Houston Food Bank, Global Giving, The American Red Cross, and World Central Kitchen.
Historically, there are two market landscapes that GoSun is well-equipped to disrupt: the $887 billion recreational market (camping, digital nomads, etc.) and the $137 billion disaster relief market. More recently, GoSun is entering the EV charging market that is expected to reach $155 billion by 2030, GoSun’s patented EV Solar Charger is the first-ever vehicle integrated solar EV charger that can fit most EVs or plug-in hybrids. Launched in 2024 and delivery planned for later this year, more than 2,000 units reserved shows there’s a clear demand for on-the-go charging.
GoSun started 10 years ago as an entrepreneurial project in an Ohio garage, and today it’s valued at $41.3 million with over 175,000 customers globally. You can join the solar future and help them achieve their mission of increasing access to energy independence by investing today.
GoSun is offering investors $3 per share with a minimum investment of $348.
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