Flower Turbines, Inc. on StartEngine
Innovative Small Wind Turbines
Raise to date: $402,000
Reporting Date: 07/05/2020
Key Stats
|
Minimum Raise
$9,990 |
Maximum Raise
$403,200 |
Likelihood of Max
|
|
Start Date
03/24/2020 |
Stop Date
08/31/2020 |
Days Remaining
54 |
|
Security Type
Common Stock |
Investment Minimum
$300 |
Deal Type |
Investment Summary
|
Status
Active |
# of Investors
635 |
% of Minimum Raised
4,024% |
% of Maximum Raised
100% |
|
Dollars Per Day to Reach Max
$22 |
DPD* Committed
$3,903 |
DPD* Category
$0 |
DPD* All Companies
$2,176 |
$402,000
Commitments
Weekly Commitments ($)
Aggregate Commitments ($)
SEC Filing Data from Kingscrowd
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.