Bid On Energy LLC, an energy brokering and consulting firm, is seeking investment capital from accredited investors through its EquityNet campaign. The company introduced its new reverse auction and aggregation platform for businesses in 2014. The system substantially lowers the rising cost of commercial electricity and natural gas for users, via its aggregation and reverse auction platforms.
Bid On Energy, which deals in all deregulated energy states, was started with the sole objective of offering discounted business electricity and natural gas prices for small and medium size businesses. The system gives customers the ability to buy energy the same way as the largest commercial users. Businesses achieve lower rates on their energy purchases through their platforms making energy suppliers compete for their business. In the end customers gain a price advantage usually reserved for the largest users, and can save as them much as 35% on the energy bills.
By opening its capital raising opportunity to crowdfunding, Bid on Energy is giving the small angel investor access to an energy company investment in the start-up phase. This kind of early stage investment is usually reserved for institutional investors who have the sophistication and no how smaller accredited investor do not normally have. Bid On Energy’s unique web site provides simple animations explaining the process of aggregation and reverse auction. The animations demonstrate why there is a huge upside for the company, any investor can understand, through energy reverse auction and aggregation; sometimes referred to as pooling.
Bid On Energy Managing Director, Andrew Shoemaker stated:
“We are pleased to open our company to investment to a wide market of small investors through Crowd Funding. Crowd Funding is consistent with our Company’s philosophy. In the same way we empower smaller energy users to receive pricing of large users, we are empowering small investor to have access to a private investment normally reserved for large ones. Rather than seeking capital from a handful of professional investors, we are opening our capital raise to investors who would not normally have the chance to participate in this type of private energy investment.”
Bid On Energy was formed by electricity and natural gas professionals who have been successful in the energy industry and are very familiar with energy marketing. They have experienced the frustrations of their clients first hand when brokering company electricity and natural gas purchases for them with other companies. As a result they wanted to make a difference in their energy clients purchasing experience and lower their costs and developed Bid On Energy, LLC. They are headquartered in the State of Delaware with additional locations set to open soon.
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