Hydro Wind Energy
About this raise: 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.
Investment Overview
Invested : $148,657
Deal Terms
Total Commitments ($USD)
- Platform
- StartEngine
- Start Date
- 08/11/2022
- Close Date
- 09/22/2022
$9,996
$3,999,985
$249
Equity - Common
Seed
RegCF
$10.38
$119,643,700
Company & Team
Company
- Year Founded
- 2020
- Industry
- Energy, Power, & Natural Resources
- Tech Sector
- Distribution Model
- B2B
- Margin
- Medium
- Capital Intensity
- High
Financials
-
Revenue
- $184,463
- Monthly Burn
- $29,112
-
Runway
- 11.4 months
- Gross Margin
- 64%
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Analyst Report
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.
Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $7,900,000
- 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.