Verdant Power

Early Stage

Building Sustainable Communities with the Power of Water.

Overview

Raised to Date: Raised: $45,150

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

Rolling Commitments ($USD)

Status
Funded
Reporting Date

08/31/2018

Days Remaining
Funded
% of Min. Goal

452%

% of Max. Goal

4%

Likelihood of Max
Funded
Avg. Daily Raise

$286

Momentum
Funded
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Year Founded

2006

Industry

Energy, Power, & Natural Resources

Tech Sector

Location

New York, New York

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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Verdant Power on Netcapital
Platform: Netcapital
Security Type: Equity - Common
Valuation: $49,279,986

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