Oscilla Power on MicroVentures

The Triton, a wave energy converter

Raise to date: $131,761

Reporting Date: 08/12/2020

Key Stats

Minimum Raise

$50,000

Maximum Raise

$1,070,000

Likelihood of Max Unlikely
Start Date

07/02/2020

Stop Date

11/16/2020

Days Remaining

94

Security Type

Convertible Note

Investment Minimum

$100

Deal Type

Deal to Watch


Investment Summary

Status

Active

# of Investors

447

% of Minimum Raised

264%

% of Maximum Raised

12%

Dollars Per Day to Reach Max

$9,981

DPD* Committed

$3,214

DPD* Category

$0

DPD* All Companies

$1,879

Kingscrowd Momentum

$131,761

Total Dollars Raised

Commitments

Weekly Commitments ($)
Aggregate Commitments ($)

SEC Filing Data from Kingscrowd

Oscilla Power, with a $13 million valuation cap, is raising funds on MicroVentures. The company is developing The Triton, an energy conversion equipment that will harness the power of ocean waves. The product has been through years of research, development, product validation, and trials, and will soon be deployed. Triton will be able to convert the ocean waves energy into utility-scale electricity. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1,070,000. The proceeds will be used for research and development and campaign marketing and advertising. Oscilla Power has 16 granted patents and has earned commitments for over $15 million in grants.

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