Laminar Scientific
Early Stage
Change Comes in Waves. Breakthrough Wave-Energy Tech for Coastal Communities.
Overview
Raised: $154,669
Total Commitments ($USD)
Platform
Wefunder
Start Date
05/21/2022
Close Date
10/25/2022
Min. Goal
$50,000
Max. Goal
$250,000
Min. Investment
$100
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
Valuation Cap
$6,000,000
Discount
0%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
10/31/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$985
# of Investors
154
Momentum
Funded
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Year Founded
2021
Industry
Energy, Power, & Natural Resources
Tech Sector
Cleantech
Distribution Model
B2B
Margin
Medium
Capital Intensity
High
Laminar Scientific, with a valuation of $6 million, is raising funds on Wefunder. It is a revolutionary wave energy company that aims to innovate energy tech for coastal communities. The go-to-market wave energy product of Laminar Scientific is a nearshore microgram solution that will help to reduce energy costs due to unique infrastructure complexities. Laminar Scientific is drafting an MOU with an Asian developer, has discussions underway with Floridian and African developers, and has a collaboration LOI with a solar energy startup. Narayan Iyer founded Laminar Scientific in June 2021. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $250,000. The campaign proceeds will be used for patent protections, prototype manufacturing, engineering team expansions, and marketing.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-38,734 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$171,766 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$175,766 |
$0 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 05/21/2022
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Founder Profile
Laminar Scientific Founder Narayan Iyer on the Power of Wave Energy
Solar energy is often in the spotlight for being one of the cheapest forms of energy available. But wave energy -- though less well-known -- is also a promising form of renewable energy. It’s easy to estimate how much energy waves will generate, and wave energy is dependably available throughout the year.Laminar Scientific is developing a patent-pending nearshore wave energy solution. The company’s technology aims to combat the challenges usually associated with collecting wave energy, including multi-directional energy and costly maintenance. We reached out to founder and CEO Narayan Iyer to hear more about the company’s plans and the need for a truly international approach for achieving sustainability.
Note: This interview was conducted over phone and email. It has been lightly edited for clarity and length.
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