Hydro Wind Energy

Hydro Wind Energy

Growth Stage

Game-changing innovations in offshore wind power and seawater desalination

Game-changing innovations in offshore wind power and seawater desalination

Overview

Raised to Date: Raised: $529,590

Total Commitments ($USD)

Platform

Republic

Start Date

04/10/2022

Close Date

04/30/2022

Min. Goal
$25,000
Max. Goal
$5,000,000
Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$70,000,000

Discount

20%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

04/30/2022

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$27,873

# of Investors

881

Momentum
Funded
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Year Founded

2020

Industry

Energy, Power, & Natural Resources

Tech Sector

Cleantech

Distribution Model

B2B

Margin

Medium

Capital Intensity

High

Location

San Francisco, California

Business Type

High Growth

Hydro Wind Energy, with a valuation of $70 million, is raising funds on Republic. The company has developed a highly innovative technology, OceanHydro Omni, to harness the 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 $5,000,000. The campaign proceeds will be used for growth and expansion.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-213,076

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$135,666

$0

Accounts Receivable

$0

$0

Total Assets

$425,066

$0

Short-Term Debt

$429,225

$0

Long-Term Debt

$106,870

$0

Total Liabilities

$536,095

$0

Financials as of: 04/10/2022
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Hydro Wind Energy 06/14/2024 Republic $150,000,000 $52,478 Equity - Tokens Active RegCF
Hydro Wind Energy 01/22/2023 Republic $120,000,000 $512,639 SAFE Funded RegCF
Hydro Wind Energy 09/21/2022 StartEngine $119,643,700 $148,657 Equity - Common Funded RegCF
Hydro Wind Energy 04/29/2022 Republic $70,000,000 $529,590 SAFE Funded RegCF
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Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Valuation History

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.

Employee History

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Founder Profile

Founder Profile: Lee King of Hydro Wind Energy

Water takes up more than 70% of the planet’s surface. Unfortunately, most of this is undrinkable salt water, and clean water is becoming more scarce as the human population grows and sources become polluted. There are methods for converting salt water into clean water, but they are often expensive and lead to more pollution and greenhouse emissions. 


Hydro Wind Energy is creating sustainable solutions with wind energy and green desalination technologies. Its current projects include the OceanHydro Omni, which turns offshore wind into electrical energy that can be stored; SubSea RO Wind, which desalinates water with wind energy and subsea pressure; and QuenchSea, an affordable, hand-powered desalination device. We reached out to founder and CEO Lee King to learn more about how the company compensates employees on a low budget and why its technology differs from current options.


Note: This interview was conducted over phone and email. It has been lightly edited for clarity and length.


Read Founder Interview

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Add to portfolio
Hydro Wind Energy on Republic 2022
Platform: Republic
Security Type: SAFE
Valuation: $70,000,000

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