Diligence memo · auto-generated · as of July 3, 2026
Cng 2023 Vehicles Iii, Llc
Cng 2023 Vehicles Iii, Llc looks fair against its niche peers and is at-risk on financing cadence.
Businessfiled
Cng 2023 Vehicles Iii, Llc operates in Energy Conservation, based in OKLAHOMA CITY.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Cng 2023 Vehicles Iii, Llc has raised $3.1M in disclosed capital across 1 recorded round, aggregated from public filings. Its latest round is modeled as Seed (a $1.0M–$4.0M round).
Largest single filing: $3.1M on 2023-12-06.
Most recent recorded round closed around 2023-12-06.
Valuation (modeled)modeled
Provath models Cng 2023 Vehicles Iii, Llc at approximately $18M (range $2.6M–$56M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Fair. Modeled value is 1.15× the median modeled value of Seed Energy Conservation companies in 2022–2024 (11 peers) — value vs value, same stage and era. Within the normal band (115% of peer median) for its niche.
Financing rhythm & timingmixed
Last raise 2.6 yr ago; this sector typically re-raises about every 11 months.
Past due for a raise versus sector cadence — watch for distress or a bridge.
Comparablesmixed
Capital scale ranks ahead of 56% of Energy Conservation peers (254 compared).
Modeled value ranks above 46% of those peers.
Closest niche peers: Powder Watts LLC, Karbon-X Corp., Maplewell Inc., 60Hertz Inc, Cng 2023 Stations, Llc.
Peoplefiled
2 named people on file across officers, directors and signatories.
Risks & flagsmixed
Overdue for a raise versus sector norm — distress or bridge risk.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.