Diligence memo · auto-generated · as of July 2, 2026
Progressive Lighting & Energy Solutions, Inc.
Progressive Lighting & Energy Solutions, Inc. looks under-valued against its niche peers and is dormant on financing cadence.
Businessfiled
Progressive Lighting & Energy Solutions, Inc. operates in Energy Conservation, based in TUSTIN.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Progressive Lighting & Energy Solutions, Inc. has raised $6.1M in disclosed capital across 7 recorded rounds, aggregated from public filings. Its latest round is modeled as Seed (a $1.0M–$4.0M round).
Largest single filing: $2.4M on 2009-05-22.
Most recent recorded round closed around 2012-04-05.
Valuation (modeled)modeled
Provath models Progressive Lighting & Energy Solutions, Inc. at approximately $5.5M (range $167K–$43M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Under-valued. Modeled value is 0.12× the median modeled value of Seed Energy Conservation companies in 2010–2012 (24 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Historic cadence: a new round about every 6 months.
Last raise 14.2 yr ago; this sector typically re-raises about every 11 months.
Silent for over 3× the sector's normal cadence.
The last round was 2.0× smaller than the prior — a bridge or down round.
Comparablesmixed
Capital scale ranks ahead of 70% of Energy Conservation peers (254 compared).
Modeled value ranks above 20% of those peers.
Closest niche peers: Hy-Drive Technologies Ltd, Efficient Energy America, Inc., Ney-Li Funding Corp Llc, PlotWatt, Inc., Gridway Energy Holdings, Inc..
Peoplefiled
2 named people on file across officers, directors and signatories.
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.