Hydro Wind Energy

Growth Stage

Game-changing innovations in offshore wind power and seawater desalination

Analytics

Raised to Date: Raised: $166,410

Aggregate Commitments $

Platform

Republic

Start Date

11/23/2022

Close Date

01/22/2023

Min. Goal

$25,000

Max. Goal

$4,250,000

Min. Investment

$100

Security Type

SAFE

Funding Type

RegCF

Series

Seed

Valuation Cap

$120,000,000

Discount Rate

20%

Rolling Commitments $

Status

Active

Reporting Date

12/09/2022

Days Remaining

44

% of Min. Goal

666%

% of Max. Goal

4%

Likelihood of Max
unlikely
Avg. Daily Raise

$10,401

# of Investors

91

Momentum
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Location

San Francisco, California

Industry

Energy, Power, & Natural Resources

Tech Sector

Cleantech

Distribution Model

B2B

Margin

Medium

Capital Intensity

High

Business Type

Growth

Hydro Wind Energy, with a valuation of $120 million, is raising funds on Republic. The company has developed a highly innovative technology, OceanHydro Omni, to harness offshore wind. The technology, combined with the power of subsea oceanic pressure, provides reliable, clean, and low-cost energy and energy storage. The other products of Hydro Wind Energy include SubSea RO Wind and QuenchSea for seawater desalination. Lee King, Maryam Hassani, Hayk Vasilyan, Abdulla Ghaly, and Laura Dryden founded Hydro Wind Energy in July 2020. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $4.25 million. The campaign proceeds will be used for growth and expansion.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$184,463

$0

COGS

$67,189

$0

Tax

$0

$0

 

 

Net Income

$-349,346

$-213,076

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$333,300

$135,666

Accounts Receivable

$0

$0

Total Assets

$1,054,547

$425,066

Short-Term Debt

$1,369,256

$429,225

Long-Term Debt

$34,555

$106,870

Total Liabilities

$1,403,811

$536,095

Financials as of: 11/23/2022
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Hydro Wind Energy 01/22/2023 Republic $120,000,000 $166,410 SAFE Active RegCF
Hydro Wind Energy 09/22/2022 StartEngine $119,643,700 $148,657 Equity - Common Funded RegCF
Hydro Wind Energy 04/30/2022 Republic $70,000,000 $529,590 SAFE Funded RegCF
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Hydro Wind Energy on Republic 2022
$
Platform: Republic
Security Type: SAFE
Valuation: $120,000,000
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