Hydro Wind Energy
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.
Investment Overview
Invested : $529,590
Deal Terms
Total Commitments ($USD)
- Platform
- Republic
- Start Date
- 04/11/2022
- Close Date
- 04/30/2022
$25,000
$5,000,000
$100
SAFE
Seed
RegCF
$70,000,000
20%
Company & Team
Company
- Year Founded
- 2020
- Industry
- Energy, Power, & Natural Resources
- Tech Sector
- Distribution Model
- B2B
- Margin
- Medium
- Capital Intensity
- High
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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.
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.