Aurora Solar: production under way and first business sales
1. Summary
We finalised the panel design, the manufacturer has started the first 500 units and we signed two orders with installation companies. We are one week behind on certifications.
2. Metrics
| February | March | |
|---|---|---|
| Revenue | €11,900 | €18,240 |
| Customers | 1,104 | 1,312 |
| Monthly spend | €9,800 | €10,400 |
| Runway | 15 months | 14 months |
3. Milestones
Milestone 1 (prototype) released in January. Milestone 2 (first production run) in progress: we will request the release once we have the invoices and photos of the 500 units, expected in the second week of April.
4. Use of funds
| Manufacturing (deposit) | 22,000 USDC |
| Certifications | 6,500 USDC |
| Team | 9,000 USDC |
| Unspent from milestone 1 | 2,500 USDC |
5. Risks and next steps
- Risk: the certification delay could push the launch back two weeks.
- Next step: request the release of milestone 2 in April.
- We ask you for: introductions to installers in Portugal.