ORPC
Early Stage
ORPC turns water currents into clean, predictable, renewable energy with zero carbon emissions.
Overview
Raised: $623,788
Total Commitments ($USD)
Platform
Netcapital
Start Date
03/13/2019
Close Date
07/25/2019
Min. Goal
$10,010
Max. Goal
$1,069,992
Min. Investment
$110
Security Type
Equity - Common
SEC Filing Type
RegCF
/ RegD 506(c)
Price Per Share
$22.00
Pre-Money Valuation
$37,165,084
Rolling Commitments ($USD)
Status
Funded
Reporting Date
07/30/2019
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$4,690
Momentum
Funded
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Year Founded
2017
Industry
Energy, Power, & Natural Resources
Tech Sector
Location
Portland, Maine
ORPC, the developer of a new hydropower technology, is raising funds on NetCapital. The company has a post-money valuation of $37.17 million. ORPC is an innovative energy company offering a zero carbon solution to energy needs. It uses water currents to extract clean and renewable energy, thereby reducing carbon emissions. ORPC was founded by Christopher R. Sauer, along with two colleagues, in 2004. The current crowdfunding round has a minimum target of $10,000 and a maximum target of $9,999,990, and the proceeds will be used for the growth of the first product, RivGen, and the development of the second product, TidGen. ORPC has already received numerous awards and accolades and is in the list of Top 10 World’s Most Innovative Energy Companies.
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