Flower Turbines, Inc.

Deal to Watch
BETA

Innovative Small Wind Turbines

Analytics

Raised to Date: $618,450

Aggregate Commitments $
Platform

StartEngine

Start Date

03/24/2020

Close Date

10/30/2020

Min. Goal

$9,990

Max. Goal

$618,540

Min. Investment

$300

Security Type

Equity - Common

Funding Type

RegCF

Series

Seed

Pre-Money Valuation

$26,017,770

Weekly Commitments $
Status

Active

Reporting Date

09/23/2020

Days Remaining

35

% of Min. Goal

6,191%

% of Max. Goal

100%

Likelihood of Max
Avg. Daily Raise

$3,380

# of Investors

933

Momentum
Location

Lawrence, NY

Industry

Energy, Power, & Natural Resources

Tech Sector

Cleantech

Distribution Model

B2B

Margin

High

Capital Intensity

High

Business Type

High Growth

Flower Turbines, with a pre-money valuation of $26.01 million, is raising funds on StartEngine. The company has created small wind turbines that are sleek, innovative, and efficient. The turbines of Flower Turbines also address the problems of turbulence and design and are disrupting the industry through the cluster effect of its turbines. Flower Turbines was founded by Dr. Daniel Farb in 2013 and has raised over $1 million in previous rounds of crowdfunding. The current round of crowdfunding has a minimum target of $9,990 and a maximum target of $304,320, and the funds will be used for expansion in the northeast region of the US. Flower Turbines has four granted patents, and its turbines increase productivity by 20-50% due to the cluster effect.

Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-133,583

$-59,262

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$74,764

$1,024

Accounts Receivable

$0

$0

Total Assets

$113,278

$1,024

Short-Term Debt

$10,346

$11,215

Long-Term Debt

$0

$0

Total Liabilities

$10,346

$11,215

Ratings

last updated 09/24/2020

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Analyst Report

Deal to Watch
Ratings Platform - Beta Trial

Our new ratings and analytics platform is currently in Beta. To gain access to the Beta platform features, upgrade to a Pro paid account and accept the Beta terms on any page.

For a limited time, use coupon code "TRYMERLIN20" for a free 20 day trial of Kingscrowd Pro and Merlin Beta. Your paid subscription will activate at the end of 20 days. Cancel anytime.
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