Flower Turbines
Innovative Small Wind Turbines
Overview
Raised: $2,778,674
Total Commitments ($USD)
StartEngine
02/17/2023
02/17/2024
$600
Equity - Common
Series A
RegA+
$12.00
$124,570,000
Rolling Commitments ($USD)
Active
10/02/2023
138
463,112%
22%
$12,241
1,441
2013
Energy, Power, & Natural Resources
Cleantech
B2B/B2C
Low
High
Balance Sheet
|
Cash and Cash Equivalents |
$2,350,678 |
|
Accounts and Notes Receivable |
$133,151 |
|
Property, Plant and Equipment (PP&E) |
$40,850 |
| Total Assets |
$5,205,282 |
|
Accounts Payable & Accrued Liabilities |
$496,479 |
|
Long Term Debt |
$53,258 |
|
Total Liabilities |
$549,737 |
|
Total Stockholders' Equity |
$4,655,545 |
| Total Liabilities and Equity |
$5,205,282 |
Statement of Comprehensive Income Information
|
Total Revenues |
$338,643 |
|
Costs & Expenses Applicable to Rev |
$477,995 |
| Net Income |
$-3,141,666 |
|
Earnings Per Share - Basic |
$-0.33 |
|
Earnings Per Share - Diluted |
$-0.33 |
Raise History
| Offering Name | Close Date | Platform | Valuation/Cap | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| Flower Turbines | 02/17/2024 | StartEngine | $124,570,000 | $2,778,674 | Equity - Common | Active | RegA+ |
| Flower Turbines | 12/30/2021 | StartEngine | $61,700,000 | $9,175,306 | Equity - Common | Funded | RegA+ |
| Flower Turbines | 02/25/2021 | StartEngine | $26,017,770 | $1,032,120 | Equity - Common | Funded | RegCF |
| Flower Turbines | 11/30/2019 | StartEngine | $7,600,000 | $1,069,804 | Equity - Common | Funded | RegCF |
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Founder Profile
Flower Turbines Founder Daniel Farb on Bringing Beauty and Energy Together
Large wind turbines are an important part of the renewable energy movement. But they’re typically placed in remote areas. Small wind turbines can be used in cities and other more densely populated areas, but they come with their own problems. They’re often noisy, inefficient, and dangerous for birds.Flower Turbines is trying to change that. Its small tulip-shaped turbines are quiet, aerodynamic, durable, and beautifully designed. We sat down with Flower Turbines founder Daniel Farb to learn about how the company’s turbines compare to solar energy and how much progress the company has made since its last funding round.
Note: This interview was conducted over phone and email. It has been lightly edited for clarity and length.
Company Updates
Flower Turbines was one of 2021’s most popular online raises. The startup sells small, beautiful wind turbines to businesses. Their unique and elegant design can produce cheap and clean electricity while enhancing the aesthetic of any facility.
The company’s last round was rated a Deal to Watch. It raised $9.2 million from 4,768 investors at a $61.7 million valuation. This is pretty impressive but not surprising. Even though the market for small distributive wind turbines has yet to really take off, Flower Turbines seems to have one of the few products that has the potential to generate interest from customers.
I contacted Flower Turbines founder and CEO Daniel Farb to learn more about the company’s progress since its last raise and its plans for the future.