Hydro Wind Energy
Game-changing innovations in offshore wind power and seawater desalination
Analytics
Raised: $529,590
Aggregate Commitments $
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
Funding Type
RegCF
Series
Seed
Valuation Cap
$70,000,000
Discount Rate
20%
Rolling Commitments $
Status
Funded
Reporting Date
05/01/2022
Days Remaining
Funded
% of Min. Goal
2,118%
% of Max. Goal
11%
Likelihood of Max
Funded
Avg. Daily Raise
$27,873
# of Investors
881
Momentum
Funded
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Founder Profile
Location
San Francisco, California
Industry
Energy, Power, & Natural Resources
Tech Sector
Cleantech
Distribution Model
B2B
Margin
Medium
Capital Intensity
High
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: 04/11/2022
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