Optiphase Drive Systems
About this raise
Optiphase Drive Systems, with a valuation of $29.37 million, is raising funds on StartEngine. The company aims to lead innovation in clean and versatile electric power solutions with its anticipated 5-phase A/C motor and drive technologies. Optiphase Drive Systems’ power solutions will reduce the weight and size of electric motors and provide unprecedented torque, reliability, and versatility for all things that drive, fly, sail, and pump. The company will cater to multiple industries and is currently in the pre-revenue stage of development. Daniel Vicario and Siavash Sadeghi founded Optiphase Drive Systems in February 2018. The current crowdfunding campaign has a minimum target of $15,000 and a maximum target of $450,000. The campaign proceeds will be used for research and development, company employment, and marketing.
Investment Overview
Not Funded: $13,721
Deal Terms
Total Commitments
- Platform
- StartEngine
- Start Date
- 09/17/2024
- Close Date
- 12/16/2024
$15,000
$450,000
$555
Equity - Common
Early Stage
RegCF
$3.00
$29,372,964
Company & Team
Company
- Year Founded
- 2018
- Industry
- Industrial Services
- Tech Sector
- Distribution Model
- B2B
- Margin
- Medium
- Capital Intensity
- High
Financials
-
Revenue
-
$0
as of FY2023
- Monthly Burn
-
$25,000
as of Aug '24
-
Runway
-
1.1 months
as of Aug '24
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $741,501
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 12/16/2024 | StartEngine | $29,372,964 | $13,721 | Equity - Common | Not Funded | RegCF |