NextPower360

NextPower360

Early Stage

Creating one of the world’s most advanced wind generators and electric motors.

Creating one of the world’s most advanced wind generators and electric motors.

Overview

Raised to Date: Raised: $48,317

Total Commitments ($USD)

Platform

Netcapital

Start Date

05/17/2023

Close Date

10/20/2023

Min. Goal
$10,000
Max. Goal
$100,000
Min. Investment

$99

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$0.64

Pre-Money Valuation

$6,005,760

Rolling Commitments ($USD)

Status
Funded
Reporting Date

10/31/2023

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$310

Momentum
Funded
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Year Founded

2022

Industry

Energy, Power, & Natural Resources

Tech Sector

Cleantech

Distribution Model

B2B

Margin

Medium

Capital Intensity

Low

Location

Ashville, North Carolina

Business Type

Growth

NextPower360, with a valuation of $6,005,760, is raising funds on NetCapital. The company's wind generator is designed to capture the wind’s full power potential, including fast wind, potentially doubling a wind turbine’s power output at a lower levelized cost of energy. NextPower360 is aiming to change the shape of the generator and reconfigure the magnets so the generator can continually and instantly adapt to ever-changing wind speeds and capture the maximum amount of harvestable power, even at high wind speeds. Dr. Tony Iacovelli and Michael Shore founded NextPower360 in June 2022. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $100,000. The campaign proceeds will be used for research & development and technicians.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-12,283

$0

Summary Balance Sheet

FY 2022 FY 2021

Cash

$97,942

$0

Accounts Receivable

$0

$0

Total Assets

$97,942

$0

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

Financials as of: 05/17/2023
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Founder Profile

NextPower360 Founder Michael Shore on Capturing Wasted Wind Energy

A growing legion of towering wind turbines dotting various landscapes across the U.S. seems like a positive sign for the future of renewable energy. But current wind turbine technology is limited by a surprising obstacle: fast wind. Incumbent wind generators are designed to intentionally waste fast, harvestable wind because it can damage turbine generators and blades. 

NextPower360 has designed a generator that captures this otherwise wasted wind energy. We sat down with founder Michael Shore to learn how NextPower360 is both maximizing wind energy and lowering generator manufacturing costs. 

Note: This interview was conducted over phone and email. It has been lightly edited for clarity and length.

Read Founder Interview

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NextPower360 on Netcapital 2023
Platform: Netcapital
Security Type: Equity - Common
Valuation: $6,005,760
Price per Share: $0.64

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Follow NextPower360 on Netcapital 2023

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Warning: according to the close date for this deal, NextPower360 may no longer be accepting investments.

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