Oscilla Power

Deal To Watch
BETA

The Triton, a wave energy converter

Analytics

Raised to Date: $365,700

Aggregate Commitments $
Platform

Microventures

Start Date

07/02/2020

Close Date

11/16/2020

Min. Goal

$50,000

Max. Goal

$1,070,000

Min. Investment

$100

Security Type

Convertible Note

Funding Type

RegCF

Series

Seed

Valuation Cap

$13,000,000

Discount Rate

20%

Weekly Commitments $
Status
Funded
Reporting Date

11/25/2020

Days Remaining
Funded
% of Min. Goal

731%

% of Max. Goal

34%

Likelihood of Max
Funded
Avg. Daily Raise

$2,669

# of Investors

882

Momentum
Funded
Location

Seattle, WA

Industry

Energy, Power, & Natural Resources

Tech Sector

Cleantech

Distribution Model

B2B

Margin

Medium

Capital Intensity

High

Business Type

High Growth

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.

Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$1,399

$0

 

 

Net Income

$-86,485

$-444,635

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$145,279

$290

Accounts Receivable

$85,167

$229,194

Total Assets

$396,648

$488,402

Short-Term Debt

$831,186

$831,472

Long-Term Debt

$1,503,080

$0

Total Liabilities

$2,334,266

$2,290,572

Ratings

last updated 11/17/2020

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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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