Harmony Turbines
About this raise: Harmony Turbines, with a valuation of $26.7 million, is raising funds on Andes Capital. The company makes safe and affordable wind turbines. Harmony Turbines’ products can be used at home to reduce or eliminate electric bills as the company has a patented technology capable of generating better returns on investment than the competitor models. The turbines of Harmony Turbines are low-cost, and easy to maintain, with little to no noise. The company has two patents granted for its generator and furling technologies and is partnering with engineering universities for performance validation. Christopher Moore founded Harmony Turbines in August 2020. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $2 million. The campaign proceeds will be used for research and development, salaries, operations, and working capital.
Investment Overview
Not Funded: $0
Deal Terms
Total Commitments ($USD)
- Platform
- Andes Capital
- Start Date
- 05/27/2024
- Close Date
- 07/15/2024
$25,000
$2,000,000
$200
Equity - Preferred
Seed
RegCF
$2.00
$26,700,000
Company & Team
Company
- Year Founded
- 2020
- Industry
- Energy, Power, & Natural Resources
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Low
- Capital Intensity
- High
Financials
-
Revenue
- $21,440
- Monthly Burn
- $57,569
-
Runway
- 15.5 months
- Gross Margin
- 73%
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $2,339,782
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 03/10/2025 | StartEngine | $20,058,083 | $460,421 | Equity - Preferred | Active | RegCF |
| 07/15/2024 | Andes Capital | $26,700,000 | $0 | Equity - Preferred | Not Funded | RegCF |
| 03/13/2023 | StartEngine | $12,103,726 | $1,977,058 | Equity - Preferred | Funded | RegCF |
| 03/19/2022 | Wefunder | $12,000,000 | $206,692 | SAFE | Funded | RegCF |
| 03/24/2021 | Wefunder | $2,500,000 | $183,457 | SAFE | Funded | RegCF |
Growth Charts
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.