Halo Energy (2024)

About this raise

Halo Energy, with a valuation of $6.49 million, is raising funds on StartEngine. The company has designed a proprietary and patented wind turbine technology to serve distributed energy applications worldwide. Halo Energy’s shrouded design enables its wind turbines to double the power output compared to conventional turbines of comparable size. The commercial 6-kilowatt wind turbine of Halo Energy has undergone successful full-scale testing and certification and stands at the forefront of the wind energy industry. Vincent Loccisano founded Halo Energy in December 2023. The current crowdfunding campaign has a minimum target of $9,999.84 and a maximum target of $617,999.65. The campaign proceeds will be used for engineering, R&D, manufacturing, business development, marketing and sales, public relations, patents and IP, US Small Wind Turbine Certification, and working capital.

Investment Overview

Invested this round: $92,000

Deal Terms
Company & Team

Total Commitments

Platform: StartEngine
Start Date: 03/21/2024
Close Date: 06/19/2024

Min. Goal
$10,000

Max Goal
$618,000

Min. Investment

$499

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF

Price Per Share

$2.51

Pre-Money Valuation

$6,491,021

Company

Year Founded: 2017
Industry: Energy, Power, & Natural Resources
Tech Sector: Cleantech
Distribution Model: B2B/B2C
Margin: Medium
Capital Intensity: High
Location: Wellesley, Massachusetts
Business Type: Growth
Company Website: Visit Website

Team

Employees: 3
Prior Founder Exits?: No

Founder Name: Vin Loccisano
Title: CEO

Financials

as of Fiscal Year 2023

Revenue: $0
Monthly Burn: $100,000
Runway: 0 months

View Detailed Financials

Summary Profit and Loss Statement

	FY 2023	FY 2022
Revenue	$0	$0
COGS	$0	$0
Tax	$0	$0


Net Income	$-91,146	$-89,525

Summary Balance Sheet

	FY 2023	FY 2022
Cash	$717	$5,868
Accounts Receivable	$0	$0
Total Assets	$717	$5,838
Short-Term Debt	$0	$0
Long-Term Debt	$0	$0
Total Liabilities	$0	$0

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Ratings

Total Prior Capital Raised: $1,740,067
VC Backed?: No

Close Date	Platform	Valuation	Total Raised	Security Type	Status	Reg Type
04/30/2025	Wefunder	$6,000,000	$5,500	SAFE	Active	RegCF
06/19/2024	StartEngine	$6,491,021	$92,000	Equity - Common	Funded	RegCF
04/15/2019	SeedInvest	$4,000,000	$786,105	Convertible Note	Funded	RegCF / RegD 506(c)

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Revenue
Valuation
Price per Share
Employees

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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View on StartEngine

Common Stock, $6.5M • Closed

1 Following

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13 Invested

Deal Considerations

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Halo Energy (2024)

Halo Energy (2024)

About this raise