Harmony Turbines

[Closed for Investment] Harmony Turbines, with a valuation of $12.1 million, is raising funds on StartEngine. The company makes safe and affordable wind turbines. These turbines can be used at home to reduce or eliminate electric bills. Harmony Turbines has a patented technology capable of generating better returns on investment than the competitor models. The turbines are low-cost, and easy to maintain, with little to no noise. Harmony Turbines aims to become the next global standard in residential and small-scale wind power generation. The current crowdfunding campaign has a minimum target of $9,999.15 and a maximum target of $1.9 million. The campaign proceeds will be used for growth, partnerships, and expansion.

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Investment Overview

Raised this Round: Raised: $1,977,058

Deal Terms

Total Commitments ($USD)

Platform
StartEngine
Start Date
10/13/2022
Close Date
03/13/2023
Min. Goal
$9,999
Max. Goal
$1,999,999
Min. Investment

$199

Security Type

Equity - Preferred

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.07

Pre-Money Valuation

$12,103,726

Company & Team

Company

Year Founded
2020
Industry
Energy, Power, & Natural Resources
Tech Sector
Cleantech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
High
Location
Palmyra, Pennsylvania
Business Type
Growth
Company Website
Visit Website

Team

Employees
3
Prior Founder Exits?
No
Founder Name
Christopher Moore
Title
CEO

Financials

 Revenue
$0
 Monthly Burn
$10,716
 Runway
0.2 months

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-128,594

$-46,941

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$2,655

$46,373

Accounts Receivable

$0

$0

Total Assets

$15,620

$51,194

Short-Term Debt

$629

$0

Long-Term Debt

$0

$0

Total Liabilities

$629

$0

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$407,947
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
01/07/2025 StartEngine $20,058,083 $313,813 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
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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.

Employee History

Add to portfolio
Harmony Turbines on StartEngine 2022
Platform: StartEngine
Security Type: Equity - Preferred
Valuation: $12,103,726
Price per Share: $1.07

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Warning: according to the close date for this deal, Harmony Turbines may no longer be accepting investments.

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