Flower Turbines

Flower Turbines

Growth Stage

Innovative Small Wind Turbines

Overview

Raised this Round: Raised: $4,558,015

Total Commitments ($USD)

Platform

StartEngine

Start Date

02/16/2023

Close Date

Not Provided

Min. Goal
$600
Max. Goal
$12,420,000
Min. Investment

$600

Security Type

Equity - Common

Series

Series A

SEC Filing Type

RegA+    Open SEC Filing

Price Per Share

$12.00

Pre-Money Valuation

$124,570,000

Year Founded

2013

Industry

Energy, Power, & Natural Resources

Tech Sector

Cleantech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

High

Location

Lawrence, New York

Business Type

Growth

Flower Turbines, with a valuation of $124.57 million, is raising funds on StartEngine through Reg A+ crowdfunding. The company has created small wind turbines that are sleek, innovative, and efficient. The turbines of Flower Turbines also address the problems of turbulence and design and are disrupting the industry through the cluster effect of its turbines. The company has launched US manufacturing and sales and is scaling up within the EU and other international markets. Dr. Daniel Farb founded Flower Turbines in 2013. The current crowdfunding campaign has a maximum target of $12.42 million. The campaign proceeds will be used for engineering, R&D, manufacturing, marketing and sales, public relations, patents and IP, and certifications.

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

Auditor: Fruci & Associates II, PLLC
Financials as of: 02/16/2023
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Flower Turbines 05/30/2024 StartEngine $133,682,160 $1,798,586 Equity - Common Funded RegCF
Flower Turbines 02/21/2024 StartEngine $124,570,000 $4,558,015 Equity - Common Funded RegA+
Flower Turbines 12/29/2021 StartEngine $61,700,000 $9,175,306 Equity - Common Funded RegA+
Flower Turbines 02/24/2021 StartEngine $26,017,770 $1,032,120 Equity - Common Funded RegCF
Flower Turbines 11/29/2019 StartEngine $7,600,000 $1,069,804 Equity - Common Funded RegCF
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Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

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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.

View Company Update

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Flower Turbines on StartEngine 2023
Platform: StartEngine
Security Type: Equity - Common
Valuation: $124,570,000
Price per Share: $12.00

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