Optiphase Drive Systems

Optiphase Drive Systems

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.

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Investment Overview

Raised this Round: Raised: $12,572

Deal Terms

Total Commitments ($USD)

Platform
StartEngine
Start Date
09/17/2024
Close Date
12/16/2024
Min. Goal
$15,000
Max. Goal
$450,000
Min. Investment

$555

Security Type

Equity - Common

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$3.00

Pre-Money Valuation

$29,372,964

Company & Team

Company

Year Founded
2018
Industry
Industrial Services
Tech Sector
Hardwaretech
Distribution Model
B2B
Margin
Medium
Capital Intensity
High
Location
Southlake, Texas
Business Type
Growth
Company Website
Visit Website

Team

Employees
10
Prior Founder Exits?
No
Founder Name
Daniel Vicario
Title
President and Chief Executive Officer
Founder Name
Siavash Sadeghi
Title
Chief Technical Officer

Financials

as of August 31, 2024
 Revenue
$0
 Monthly Burn
$25,000
 Runway
1.1 months

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-83,624

$-175,974

Summary Balance Sheet

FY 2023 FY 2022

Cash

$0

$15,059

Accounts Receivable

$0

$0

Total Assets

$8,369

$25,669

Short-Term Debt

$4,411

$3,803

Long-Term Debt

$0

$0

Total Liabilities

$4,411

$3,803

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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 $12,572 Equity - Common Active RegCF
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Add to portfolio
Optiphase Drive Systems on StartEngine 2024
Platform: StartEngine
Security Type: Equity - Common
Valuation: $29,372,964
Price per Share: $3.00

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