Manta Biofuel

Reinventing crude oil, renewably this time
Analytics
Raised to Date: $760,149
Aggregate Commitments $
Republic
11/04/2020
02/05/2021
$25,000
$1,070,000
$150
SAFE
RegCF
Seed
$6,000,000
25%
Weekly Commitments $
Active
01/27/2021
8
3,041%
71%
$9,049
2,029
Owings Mills, Maryland
Energy, Power, & Natural Resources
Cleantech
B2B
Low
High
Manta Biofuel, with a valuation cap of $6 million, is raising funds on Republic. The company is using algae to make a renewable and cost-efficient replacement of crude oil. The algae biofuel will have net negative carbon dioxide emissions and will be a direct fossil fuel replacement. Ryan Powell founded Manta Biofuel in June 2018 and has raised over $3 million in previous rounds of financing. The current crowdfunding round has a minimum raise of $25,000 and a maximum raise of $1,070,000, and the funds will be used for growth and expansion. Manta Biofuel has raised funds from the US Department of Energy and State of Maryland and has signed $1 million in LOIs.
Summary Profit and Loss Statement
Most Recent Year | Prior Year | |
---|---|---|
Revenue |
$0 |
$113 |
COGS |
$0 |
$1,790 |
Tax |
$0 |
$0 |
| ||
| ||
Net Income |
$-169,922 |
$-126,378 |
Summary Balance Sheet
Most Recent Year | Prior Year | |
---|---|---|
Cash |
$44,174 |
$262,089 |
Accounts Receivable |
$0 |
$0 |
Total Assets |
$437,027 |
$566,058 |
Short-Term Debt |
$258,971 |
$219,202 |
Long-Term Debt |
$350,000 |
$0 |
Total Liabilities |
$608,971 |
$569,202 |
Analyst Report
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.Other Deals

HyperSciences on StartEngine
The world’s energy future is likely to be complex and uncertain in the long term. However, one thing…

COI Energy on Republic
COI Energy has been selected as a “Deal to Watch” by KingsCrowd. This distinction is reserved for deals…

Flower Turbines, Inc. on StartEngine
The Flower Turbines team has been selected as a “Deal to Watch” by KingsCrowd. This distinction is reserved…