LiquidPiston

LiquidPiston

Growth Stage

The combustion engine reimagined

Overview

Raised to Date: Raised: $16,712,642

Total Commitments ($USD)

Platform

StartEngine

Start Date

07/19/2020

Close Date

06/25/2021

Min. Goal
$765
Max. Goal
$24,400,000
Min. Investment

$10

Security Type

Equity - Common

Series

Series A

SEC Filing Type

RegA+    Open SEC Filing

Price Per Share

$45.00

Pre-Money Valuation

$56,800,000

Rolling Commitments ($USD)

Status
Funded
Reporting Date

07/03/2021

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$49,155

# of Investors

7,731

Momentum
Funded
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Year Founded

2004

Industry

Transportation, Automotive, Aviation, & Aerospace

Tech Sector

Cleantech

Distribution Model

B2B

Margin

Medium

Capital Intensity

High

Location

Bloomfield, Connecticut

Business Type

Growth

LiquidPiston, an internal combustion engine manufacturer, is raising funds on StartEngine through Reg A+ crowdfunding. The company develops advanced rotary internal combustion engines based on its patented thermodynamic cycle and rotary engine architecture. The technology makes the engines more powerful, efficient, compact, and scalable. LiquidPiston was founded by Alexander Shkolnik and Nikolay Shkolnik in 2019 and has raised $3.17 million in previous rounds of financing. The current round of funding will be used for full-fledged development rounds with partners. LiquidPiston has over $9 million in contracts with the Department of Defense and has successfully completed four industrial partner pilot studies signed in 2019.

Balance Sheet

Cash and Cash Equivalents

$1,554,653

Investment Securities

$0

Total Investments

$0

Accounts and Notes Receivable

$302,171

Loans

$0

Property, Plant and Equipment (PP&E)

$46,466

Property and Equipment

$0

Total Assets

$2,596,438

Accounts Payable & Accrued Liabilities

$302,566

Policy Liabilities and Accruals

$0

Deposits

$0

Long Term Debt

$2,895,040

Total Liabilities

$3,197,606

Total Stockholders' Equity

$-601,168

Total Liabilities and Equity

$2,596,438

Statement of Comprehensive Income Information

Total Revenues

$1,958,908

Total Interest Income

$0

Costs & Expenses Applicable to Rev

$1,602,446

Total Interest Expenses

$0

Depreciation and Amortization

$54,027

Net Income

$-1,205,366

Earnings Per Share - Basic

$-1.09

Earnings Per Share - Diluted

$-1.09

Auditor: Bennett & Company, PC
Financials as of: 07/19/2020
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
LiquidPiston 10/24/2023 Dealmaker Securities $184,000,000 $28,030,000 Equity - Common Funded RegA+
LiquidPiston 06/24/2021 StartEngine $56,800,000 $16,712,642 Equity - Common Funded RegA+
LiquidPiston 03/30/2020 StartEngine $51,633,010 $1,043,462 Equity - Common Funded RegCF
LiquidPiston 03/15/2019 Wefunder $30,000,000 $1,070,000 Convertible Note Funded RegCF
LiquidPiston 04/06/2017 Wefunder $25,000,000 $1,000,000 Convertible Note Funded RegCF
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Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Valuation History

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Employee History

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Analyst Report Analyst Report Methodology Article

Update

KingsCrowd’s assessment of LiquidPiston has not changed since we last rated it a Deal to Watch. Please see the previous Analyst Report to learn more about why LiquidPiston is a promising investment opportunity.

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LiquidPiston on StartEngine
Platform: StartEngine
Security Type: Equity - Common
Valuation: $56,800,000
Price per Share: $45.00

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