Aerovec
About this raise
Aerovec, with a valuation of $3 million, is raising funds on StartEngine. The company has developed a compact and portable wind turbine that brings energy to locations with critical power needs. Aerovec’s full-scale prototype is gathering data near Buffalo, New York, and moving towards commercialisation and broader adoption. The company’s wind turbine works on a patented robot design that converts more wind energy into electric power and is excellent for space-restricted areas. Julie A. Hetey and Sean Gartland founded Aerovec in August 2022. The current crowdfunding campaign has a minimum and maximum target of $123,997.95. The campaign proceeds will be used for company and technology developments, research and development, inventory, company employment, and working capital.
Investment Overview
Committed : $117,944
Deal Terms
Total Commitments
- Platform
- StartEngine
- Start Date
- 12/20/2024
- Close Date
- 07/23/2025
$19,997
$1,234,999
$298
Equity - Common
Early Stage
RegCF
$3.55
$2,999,750
Company & Team
Company
- Year Founded
- 2022
- Industry
- Energy, Power, & Natural Resources
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Medium
- Capital Intensity
- High
Financials
-
Revenue
-
$1,996
as of FY2023
- Monthly Burn
-
$10,000
as of Oct '24
-
Runway
-
8.3 months
as of Oct '24
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $507,000
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 07/23/2025 | StartEngine | $2,999,750 | $117,944 | Equity - Common | Active | RegCF |