NextPower360
Early Stage
Creating one of the world’s most advanced wind generators and electric motors.
Overview
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
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
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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Ratings 
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.
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