Flower Turbines

Flower Turbines

Growth Stage

Innovative small wind turbines

Overview

Raised to Date: Raised: $922,252

Total Commitments ($USD)

Platform

StartEngine

Start Date

03/13/2024

Close Date

04/28/2024

Min. Goal
$15,000
Max. Goal
$1,999,992
Min. Investment

$600

Security Type

Equity - Common

Series

Series A

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$12.00

Pre-Money Valuation

$133,682,160

Rolling Commitments ($USD)

Status

Active

Reporting Date

04/15/2024

Days Remaining

12

% of Min. Goal

6,148%

% of Max. Goal

46%

Likelihood of Max
unlikely
Avg. Daily Raise

$27,947

# of Investors

422

Momentum
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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 $133.68 million, is raising funds on StartEngine. The company has created small wind turbines that are sleek, innovative, and efficient. 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 with its 30-strong patent portfolio. Dr. Mark Daniel Farb founded Flower Turbines in December 2019. The current crowdfunding campaign has a minimum target of $15,000 and a maximum target of $2 million. The campaign proceeds will be used for marketing, research and development, prototyping, testing, company employment, operations, and working capital.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$247,208

$338,643

COGS

$-573,805

$-477,995

Tax

$0

$0

 

 

Net Income

$-3,709,376

$-3,141,666

Summary Balance Sheet

FY 2022 FY 2021

Cash

$252,441

$2,350,678

Accounts Receivable

$123,909

$133,151

Total Assets

$1,669,654

$5,205,282

Short-Term Debt

$3,962

$3,676

Long-Term Debt

$40,785

$53,258

Total Liabilities

$44,747

$56,934

Financials as of: 03/13/2024
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Flower Turbines 04/28/2024 StartEngine $133,682,160 $922,252 Equity - Common Active 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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Price per Share History

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

Valuation History

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.

Employee History

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Flower Turbines on StartEngine 2024
Platform: StartEngine
Security Type: Equity - Common
Valuation: $133,682,160
Price per Share: $12.00

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