About this raise: 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.

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Investment Overview

Invested this round: $529,590

Deal Terms

Total Commitments ($USD)

Platform
Republic
Start Date
04/11/2022
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%

Company & Team

Company

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
Company Website
Visit Website

Team

Employees
23
Prior Founder Exits?
No
Founder Name
Lee King
Title
CEO
Founder Name
Aboozy Ghaly
Title
Systems Integration and IT Director
Founder Name
Maryam A Hassani
Title
CIO
Founder Name
Hayk Vasilyan
Title
CTO

Financials

 Revenue
$0
 Monthly Burn
$17,756
 Runway
7.6 months

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

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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
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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

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

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