Hydro Wind Energy
About this raise: 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.
Investment Overview
Invested : $512,639
Deal Terms
Total Commitments ($USD)
- Platform
- Republic
- Start Date
- 11/23/2022
- Close Date
- 01/23/2023
$25,000
$4,250,000
$100
SAFE
Seed
RegCF
$120,000,000
20%
Company & Team
Company
- Year Founded
- 2020
- Industry
- Energy, Power, & Natural Resources
- Tech Sector
- Distribution Model
- B2B
- Margin
- Medium
- Capital Intensity
- High
Financials
-
Revenue
- $184,463
- Monthly Burn
- $29,112
-
Runway
- 11.4 months
- Gross Margin
- 64%
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $57,900,000
- VC Backed?
- Yes
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 06/15/2024 | Republic | $150,000,000 | $53,565 | Equity - Tokens | Funded | RegCF |
| 01/23/2023 | Republic | $120,000,000 | $512,639 | SAFE | Funded | RegCF |
| 09/22/2022 | StartEngine | $119,643,700 | $148,657 | Equity - Common | Funded | RegCF |
| 04/30/2022 | Republic | $70,000,000 | $529,590 | 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.