Offering Terms

• Investment Goal:  $1,670,500

• Minimum Target: $1,000,000

• Minimum Investment: $10

• Annual Interest Rate: 9%

• Term: 7 Years, Quarterly Repayments

• Available Until: May 28, 2025 (may close early)

Powering West Sacramento: New EV Rechargerie

To scale the transition to lower emissions electric vehicles, Mynt is building up the charging infrastructure to make it more convenient and more accessible to more drivers. Poll after poll, drivers have expressed the number one reason keeping them from going electric - the lack of charging infrastructure. 

This new EV rechargerie will add 10 hyper-fast charging stations to one of the most popular driving routes in California. It will be another link in the chain connecting communities across the US further alleviating the range anxiety issue and enabling more people to choose EVs.

Sustainable Partnership

Mynt has been working with a Western regional car washing chain, Quick Quack, who is developing its own car washing and service station on this site. 

To get their permits approved by the City of West Sacramento, Quick Quack was required to build a fueling station adjacent to their location. However, instead of going with a conventional gas fueling station, they were interested in a more sustainable option and reached out to Mynt Systems about installing an EV Charging station where low-emissions electricity would be the fuel.

Beyond Charging

EV Charging is not the only way that Quick Quack is supporting sustainability in our transportation infrastructure. They reclaim 99% of the water used in their cleaning process, reducing the total water used per wash down to just 15 gallons versus the 100 gallons used in a typical car washing. Quick Quack also uses eco-friendly biodegradable soaps and LED lighting in all of their service centers.

Prime Location

The West Sacramento EV Rechargerie will be strategically located in a heavily trafficked large-scale commercial retail center alongside Highway 80. Over 100,000 vehicles drive through this region daily, traveling along the major national artery, Interstate 80, to and from the San Francisco Bay Area, Sacramento, and Lake Tahoe. 

Built for Convenience

The shopping center where the charging stations will be installed is home to multiple large retail stores and numerous food options for hungry drivers on the go. The high volume, colocation with longer visit shopping, and access to amenities make this an incredibly attractive location for EV charging infrastructure.

Impact of the Project

Mynt Systems's offering aims to raise capital for a Fast Charging EV Hub site with 10 ports for the West Sacramento Rechargerie. The site will offset 11,400 tons CO2e per year, equivalent to 1.2 million gallons of gasoline!

Meet the Team 

Mynt Systems is a development, engineering, and construction firm building a new energy future by making commercial properties more sustainable and profitable. They help owners create new income, happier tenants, and social impact value for underserved mid-market properties. 

With over 100 years of combined experience in construction, energy efficiency, solar, energy storage, and project management, Mynt’s team knows how to deliver on your investment.

Financial Information

The Construction Plus Term Loan is for a total maximum combined term of seven (7) years loaned to the Mynt at 9% per annum. It is characterized by a construction period followed by a term loan. 

Construction Period

The initial construction period converts to a term loan upon the receipt and payment of the applicable rebate of $550,000. 

The construction period is expected to be approximately twelve (12) months in length but could be up to twenty-four (24) months long and may be extended for an additional six (6) months if the rebate payment is delayed.

During construction, Mynt will construct the project and make minimum quarterly interest-only payments equal to 4% per annum with any unpaid interest (remaining 5% per annum) added to the principal balance at the term loan conversion.

Term Loan

The loan will, after construction is completed and Mynt receives the $550,000 CALeVIP rebate, convert to a five (5) year term loan amortized over ten (10) years. Quarterly interest and principal payments shall be made by Mynt. 

Mynt can further repay investors early without penalty using proceeds from the rebate, tax credits, and other credits such as the Low Carbon Fuel Standard credits.

How Investors Will Be Paid Back

Once operational, the West Sacramento EV Rechargerie project will earn revenue in several ways: 

• The project will sell electricity to the EVs who arrive to charge. The rate/price of charging will be set to generate a margin on top of the cost of utility electricity. 

• The project is a recipient of a $550,000 CALeVIP Rebate.

• The project will be enrolled in a state-backed emissions reduction incentive program known as Low Carbon Fuel Standard (LCFS): the LCFS incentive program was launched in 2013 by the CA Air Resources Board (CARB), a state government organization, to reduce the carbon pollution created by trucks and cars by at least 20% from a baseline by the year 2030. All DC-Fast Chargers (DCFC) provide electricity (a transportation fuel) which then generates LCFS credits. They are bought and sold in a well-established $15 billion+ marketplace. Electricity is the second largest LCFS credit fueling type.

• LCFS Fast Charging Infrastructure (FCI) designation: The DCFCs at their project also will receive a large amount of additional LCFS credits, independent of charger utilization, as they all qualify for the LCFS Fast Charging Infrastructure (FCI) designation. The FCI designation provides additional Infrastructure credits that are based on an installed charger’s rated capacity, adding five years of guaranteed revenue for cases where chargers are not fully utilized. Larger charger capacities will result in more guaranteed revenue.

Amortization Schedule: $10,000 Example

The table below contains an example of a $10,000 investment. The following assumptions* have been made:

• The construction period (Payment Number 1-4 in the table below) is twelve (12) months. 

• $550,000 rebate paid in the first year.

If an investor makes an initial hypothetical $10,000 investment, taking into consideration the prior assumptions that are based on the most likely scenario:

• During the first twelve (12) months, the investor would be earning $225 every quarter (of which $100 would be paid quarterly and $125 would be added to the outstanding balance).

• The investor would receive an additional $3,292 principal prepayment at the end of the first year, coming from the CALeVIP rebate. 

• During the following five (5)-years, the investor would receive $290 quarterly (made of both principal and interest) and be repaid the outstanding loan amount at the end of the sixth year. 

Summary: At the end of the 72 months, the investor will have earned $4,098 in addition to being paid back the original $10,000 investment. So a total of $14,098**.

*Please note these assumptions have been made taking into consideration the most likely scenario, however, they are still assumptions and as are result are subject to change.

**Prior results do not guarantee future success. It’s important to note that investing in renewable energy projects through crowdfunding carries financial risks and may not be suitable for everyone. As with any investment, there is a possibility that you may lose some or all of the money you invest.

Join the Movement

The West Sacramento EV Rechargerie is more than an investment opportunity—it’s a step toward a sustainable future!