Hydro Wind Energy

Growth Stage

Game-changing innovations in offshore wind power and seawater desalination

Overview

Raised to Date: Raised: $148,657

Total Commitments ($USD)

Platform

StartEngine

Start Date

08/11/2022

Close Date

09/22/2022

Min. Goal

$9,996

Max. Goal

$3,999,985

Min. Investment

$249

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$10.38

Pre-Money Valuation

$119,643,700

Rolling Commitments ($USD)

Status
Funded
Reporting Date

09/30/2022

Days Remaining
Funded
% of Min. Goal

1,487%

% of Max. Goal

4%

Likelihood of Max
Funded
Avg. Daily Raise

$3,539

# of Investors

107

Momentum
Funded
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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

Growth

Hydro Wind Energy, with a valuation of $120 million, is raising funds on StartEngine. 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 $9,995.94 and a maximum target of $3,999,984.90. The campaign proceeds will be used for growth and expansion.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$184,463

$0

COGS

$67,189

$0

Tax

$0

$0

 

 

Net Income

$-349,346

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$333,300

$0

Accounts Receivable

$0

$0

Total Assets

$1,054,547

$0

Short-Term Debt

$1,369,256

$0

Long-Term Debt

$34,555

$0

Total Liabilities

$1,403,811

$0

Financials as of: 08/11/2022
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Hydro Wind Energy 01/23/2023 Republic $120,000,000 $512,639 SAFE Funded RegCF
Hydro Wind Energy 09/22/2022 StartEngine $119,643,700 $148,657 Equity - Common Funded RegCF
Hydro Wind Energy 04/30/2022 Republic $70,000,000 $529,590 SAFE Funded RegCF
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Ratings KingsCrowd Startup Rating Methodology Article

Analyst Report Analyst Report Methodology Article

More than 300 million people a year get desalinated water. And that number is growing. With climate change advancing and droughts becoming more common, that makes the need for a better method to turn salt water into clean water vital. 

Thankfully, Hydro Wind Energy has stepped up to the challenge. And its solution cuts the cost for desalinating water by 74% to 91% from current prices.

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Hydro Wind Energy on StartEngine 2022
Platform: StartEngine
Security Type: Equity - Common
Valuation: $119,643,700

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