Hydro Wind Energy

Hydro Wind Energy

Early Stage

Game-changing innovations offshore wind power and seawater desalination

Game-changing innovations offshore wind power and seawater desalination

Overview

Raised to Date: Raised: $164,927

Total Commitments ($USD)

Platform

Republic

Start Date

03/13/2024

Close Date

06/14/2024

Min. Goal
$49,991
Max. Goal
$4,999,999
Min. Investment

$100

Security Type

Equity - Tokens

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$11.60

Rolling Commitments ($USD)

Status

Active

Reporting Date

04/15/2024

Days Remaining

60

% of Min. Goal

330%

% of Max. Goal

3%

Likelihood of Max
unlikely
Avg. Daily Raise

$4,998

# of Investors

81

Momentum
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Year Founded

2020

Industry

Energy, Power, & Natural Resources

Tech Sector

Cleantech

Location

San Francisco, California

Hydro Wind Energy is raising funds on Republic. The company has developed a highly innovative technology, OceanHydro Omni, to harness offshore wind. Hydro Wind Energy’s 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. The business is currently generating revenues from QuenchSea, with over $1 million in sales to date. 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 $49,990.54 and a maximum target of $4.99 million. The campaign proceeds will be used for operations and infrastructure, technology and product development, sales and marketing, and inventory.

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$142,767

$403,336

COGS

$17,888

$166,131

Tax

$0

$0

 

 

Net Income

$-847,299

$-684,614

Summary Balance Sheet

FY 2023 FY 2022

Cash

$102,985

$124,753

Accounts Receivable

$0

$0

Total Assets

$1,171,109

$1,191,782

Short-Term Debt

$73,116

$8,526

Long-Term Debt

$17,418

$255,330

Total Liabilities

$90,534

$263,856

Financials as of: 03/13/2024
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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 - $164,927 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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Hydro Wind Energy on Republic 2024
Platform: Republic
Security Type: Equity - Tokens
Price per Share: $11.60

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