Wind Harvest

Wind Harvest

Closed: Apr. 2024

About this raise

Wind Harvest, with a valuation of $15.4 million, is raising funds on NetCapital. The company designs and sells its proprietary H-type wind turbines and develops projects that use the Wind Harvest technology. The turbines, Wind Harvesters, are compact and vertical-axis wind turbines that are durable and based on years of research. Wind Harvest has several revenue streams, including direct and distributor sales, own projects, and licensing for the installation and growth of wind turbines. Kevin Wolf founded Wind Harvest in January 2006. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $2.5 million. The campaign proceeds will be used for turbine components, shipping, assembly, installation and foundations, security deposit on turbine installation, blade extrusion dies and tools, engineering, project development, sales and marketing, debt reduction, and general and administrative expenses.

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Investment Overview

Invested this round: $782,678

Deal Terms

Total Commitments

Platform
Netcapital
Start Date
03/28/2024
Close Date
04/29/2024
Min. Goal
$10,000
Max Goal
$2,500,000
Min. Investment

$99

Security Type

Equity - Common

Series

Series A

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$0.07

Pre-Money Valuation

$15,358,900

Company & Team

Company

Year Founded
2006
Industry
Energy, Power, & Natural Resources
Tech Sector
Cleantech
Distribution Model
B2B
Margin
Medium
Capital Intensity
High
Location
Davis, California
Business Type
Growth
Company Website
Visit Website

Team

Employees
12
Prior Founder Exits?
No
Founder Name
Kevin Wolf
Title
CEO

Financials

as of Fiscal Year 2023
 Revenue
$0
 Monthly Burn
$60,989
 Runway
1.4 months

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-731,870

$-2,588,115

Summary Balance Sheet

FY 2023 FY 2022

Cash

$2,761

$96,845

Accounts Receivable

$0

$0

Total Assets

$397,620

$307,068

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$20,100,000
VC Backed?
Yes
Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/29/2024 Netcapital $15,358,900 $782,678 Equity - Common Funded RegCF
01/22/2024 PicMii - $155,070 Debt Funded RegCF
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Growth Charts

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

Add to portfolio
Wind Harvest on NetCapital 2024
Platform: Netcapital
Security Type: Equity - Common
Valuation: $15,358,900
Price per Share: $0.07

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Follow Wind Harvest on NetCapital 2024

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Warning: according to the close date for this deal, Wind Harvest may no longer be accepting investments.

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