Hydro Wind Energy
Game-changing innovations in offshore wind power and seawater desalination
Overview
Raised: $529,590
Rolling Commitments ($USD)
04/30/2022
$27,873
881
2020
Energy, Power, & Natural Resources
Cleantech
B2B
Medium
High
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 |
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 | $40,377 | 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 |
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.