LiquidPiston

LiquidPiston

Growth Stage

The combustion engine reimagined

The combustion engine reimagined

Overview

Raised to Date: Raised: $28,030,000

Total Commitments ($USD)

Platform

Dealmaker Securities

Start Date

10/24/2022

Close Date

Not Provided

Min. Goal
$1,000
Max. Goal
$31,650,000
Min. Investment

$1,000

Security Type

Equity - Common

Series

Series B

SEC Filing Type

RegA+    Open SEC Filing

Price Per Share

$10.00

Pre-Money Valuation

$184,000,000

Rolling Commitments ($USD)

Status
Funded
Reporting Date

10/30/2023

% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$76,795

Momentum
Funded
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Year Founded

2004

Industry

Transportation, Automotive, Aviation, & Aerospace

Tech Sector

Cleantech

Distribution Model

B2B

Margin

Medium

Capital Intensity

High

Location

Bloomfield, Connecticut

Business Type

Growth

LiquidPiston is raising funds through Reg A+ crowdfunding with Dealmaker Securities as the Broker-Dealer. It is an internal combustion engine manufacturer that develops advanced rotary internal combustion engines based on its patented thermodynamic cycle and rotary engine architecture. The technology makes the engines more powerful, efficient, compact, and scalable. LiquidPiston has four commercial R&D contracts and 14 DoD contracts totaling more than $30 million. Alexander Shkolnik and Nikolay Shkolnik founded LiquidPiston in 2019. The current crowdfunding campaign has a maximum target of $31.65 million. The campaign proceeds will be used for engine and product development, new equipment, manufacturing readiness, business development and marketing, patents, and contingency.

Balance Sheet

Cash and Cash Equivalents

$8,015,115

Accounts and Notes Receivable

$110,000

Property, Plant and Equipment (PP&E)

$46,223

Total Assets

$12,092,860

Accounts Payable & Accrued Liabilities

$646,212

Long Term Debt

$151,205

Total Liabilities

$1,084,487

Total Stockholders' Equity

$11,008,373

Total Liabilities and Equity

$12,092,860

Statement of Comprehensive Income Information

Total Revenues

$2,604,033

Costs & Expenses Applicable to Rev

$1,608,633

Depreciation and Amortization

$65,923

Net Income

$-1,818,378

Earnings Per Share - Basic

$-1.10

Earnings Per Share - Diluted

$-1.10

Auditor: Bennett & Company, PC
Financials as of: 10/24/2022
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
LiquidPiston 10/24/2023 Dealmaker Securities $184,000,000 $28,030,000 Equity - Common Funded RegA+
LiquidPiston 06/24/2021 StartEngine $56,800,000 $16,712,642 Equity - Common Funded RegA+
LiquidPiston 03/30/2020 StartEngine $51,633,010 $1,043,462 Equity - Common Funded RegCF
LiquidPiston 03/15/2019 Wefunder $30,000,000 $1,070,000 Convertible Note Funded RegCF
LiquidPiston 04/06/2017 Wefunder $25,000,000 $1,000,000 Convertible Note Funded RegCF
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Price per Share History

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

Valuation History

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.

Employee History

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Founder Profile

Founder Profile: Alexander Shkolnik, Co-Founder and CEO of Liquid Piston

In the military carrying fuel to the frontlines can be costly, and unfortunately deadly. For these reasons, finding a way to create a more efficient engine is of the utmost importance to the US government.


This is why Alex Shkolnik and his team at Liquid Piston have been working closely with the government to completely reimagine the diesel engine construct to produce an engine that is 30% more thermal efficient and 2X more fuel efficient to gasoline engines.


With a tremendous amount of R&D progress the team has come back for a second round of capital raising on Wefunder.


Read Founder Interview

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Add to portfolio
LiquidPiston on Dealmaker Securities 2022
Platform: Dealmaker Securities
Security Type: Equity - Common
Valuation: $184,000,000
Price per Share: $10.00

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