Verdant Power

Verdant Power

[Closed for Investment] Who Should Be Interested:
Do you believe in a future of marine renewable energy? Do you want to help address the global water and energy shortage? If you said yes, then Verdant Power Inc. could be the investment you’ve been waiting for. Their technology focuses on marine renewable energy, and their innovative products can help provide clean energy and water to those in need.

The Company:
Verdant Power Inc is “building sustainable communities with the power of water,” and they are doing this through focusing on marine renewable energy (MRE). Verdant Power has developed underwater turbines, which are like wind turbines, but instead of harnessing the power of wind, they harness the power of water. These turbines are deployed in the currents of rivers, tides, oceans, and canals, and they use the power from those places to generate clean energy. With this energy, people can generate electrical and mechanical power to produce electricity and clean water, including irrigation, for places that are in need. Verdant Power is located in New York, New York, with subsidiaries in Canada and the UK, and with this campaign, they hope to commercialize in New York City before ultimately going global.

The Bottom Line:
There are more than 844 million people in the world without clean water and 1.2 billion people with little to no access to electricity. Verdant Power provides a solution to this problem. Their unique blend of on-going innovation and demand for results is helping them forge a MRE-based path to truly have an impact on the rest of the world -- one clean energy, water-based turbine at a time.

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Investment Overview

Raised this Round: Raised: $45,150

Deal Terms

Total Commitments ($USD)

Platform
Netcapital
Start Date
03/02/2018
Close Date
08/07/2018
Min. Goal
$10,000
Max. Goal
$1,069,950
Min. Investment

$70

Security Type

Equity - Common

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$7.00

Pre-Money Valuation

$49,279,986

Company & Team

Company

Year Founded
2006
Industry
Energy, Power, & Natural Resources
Tech Sector
Location
New York, New York
Company Website
Visit Website

Team

Employees
6

Financials

Financials are not currently available for this company. This may occur if the company is still Testing the Waters, is a Regulation D offering, or if the financials are still under review and being confirmed by our team. For Reg CF and Reg A+ raises, please check back later.

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
08/07/2018 Netcapital $49,279,986 $45,150 Equity - Common Funded RegCF
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Verdant Power on Netcapital
Platform: Netcapital
Security Type: Equity - Common
Valuation: $49,279,986
Price per Share: $7.00

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