ALFADAN on StartEngine

Re-defining the outboard engine

Raise to date: $156,782

Reporting Date: 05/27/2020

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Common Stock

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No Review

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SEC Filing Data from Kingscrowd

ALFADAN, with a $15 million pre-money valuation, is raising crowdfunding on StartEngine. The company is redefining the outboard engine through its marine-specific design. The proprietary design of ALFADAN creates engines with 50% more horsepower, 50% less moving parts, and less weight, compared to the traditional engines. ALFADAN was founded by Alberto Araujo in 2017. The current round of crowdfunding has a minimum raise of $10,000 and a maximum raise of $1,070,000, and the funds will be used to introduce new products, increase brand awareness, and increase the market share. ALFADAN is led by an experienced team creating a paradigm-shifting product. The ALFADAN engines have better performance, low cost, and less fuel consumption compared to the old designs.

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