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GET A PIECE OF NIMBUS
Powering The World With Light
$676,473.19 Raised
REASONS TO INVEST
TEAM
William Diggins • CEO
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Alexander Diggins • CTO
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Matt Jerrild • CFO
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Powering the world with light
Nimbus Engineering is disrupting wireless power technology. Nimbus’ patented Power Relay Technology harnesses the energy of LED and solar light to power warehouse robotics and electric vehicles, unlocking a new future in clean energy. We take pride in being a green energy company.
The Problem
The booming e-commerce market strains industrial robotic lifecycles making maintenance expensive and inefficient
Industrial automation is a powerful tool in the expanding e-commerce industry, but the batteries used to power this automation are expensive, require downtime to recharge, and are inefficient for long-term use. Industrial robotic battery life cycles are finite and the battery is disposed of afterwards. This has a direct impact on the planet and the bottom line.
The Solution
A revolutionary energy technology that’s lighting the way for a better tomorrow
We believe Nimbus has developed the ultimate charging solution for industrial automation with clean energy. Our Power Relays use light to wirelessly transmit energy. With our proprietary Power Relay, an LED spotlight can transmit energy over 50 feet where it is converted into electricity. This allows warehouse robots to be recharged over far distances and work 24/7 without ever having to stop and charge at a dock.
Nimbus Power Relays leverage unique technology, using light to transmit high power across long distances.
A new system of moving energy in a renewable way
A typical robot battery pack utilizes 1 kWh of Lithium-ion batteries. The creation of this battery pack results in 150 kg of CO2 being put into the atmosphere. Hundreds of thousands of bots means hundreds of millions of kg of CO2 pollution.
Nimbus Power Relays can dramatically increase the health of batteries — making them last up to 5 times longer, offsetting environmental impacts and preventing the need for an additional robot unit — a cost savings of $50K or more.
Our Business Model
Nimbus can be as nimble and unique as our customers need. We are able to engage in custom projects to build solutions for customers’ specific systems.
Nimbus sells hardware to major retail corporations with a monthly subscription fee, and also delivers custom projects to build solutions for specific systems. Nimbus Relays can operate for 15+ years, providing strong recurring revenue streams under the subscription model. Total cost per project for our customers typically ranges from $200K-$500K, with hardware units ranging from $5 to $50K. A standard automation customer may have 50 warehouses, which translates to an estimated $10M in hardware Relay sales per warehouse — a $500M addressable demand.
The Market
Electrifying the renewable wireless power market
The e-commerce market is currently at $3.5 trillion, and projected to reach $7.5 trillion by 2026. This brings an increasing need for warehouses and robotic automation - which require batteries and charging solutions. The adoption of new wireless power solutions will be critical in differentiating the most successful players from those using old plug-in solutions.
The industrial automation market alone is valued at over $179B in 2020 and is slated to hit $355B by 2028. Our product can go beyond both the e-commerce and the industrial automation markets. We can reach consumer electronics, electric vehicle charging and more, and we have the only known patents in the world for this technology.
Our Traction
Unique patents granted and Fortune 100 customers secured
Nimbus is currently deploying Power Relay Technology for major commercial adoption in the industrial sector and we have additional products being developed for the consumer market.
Why Invest
Be a part of the future of clean energy technology across multiple sectors
Nimbus’s goal is to be one of the world’s most advanced energy technology firms. We have developed a new way of moving energy in a renewable way. Power Relay Technology is a fundamental new breakthrough in energy transmission with an enormous range of future applications. Our short-term market penetration into industrial automation of warehouses and manufacturing is naturally leading to the powering of electric forklifts and small EVs. Eventually, we will power robotic fleets and delivery vehicles using relay technology, eliminating the need for stationary charging.
ABOUT
HEADQUARTERS
2030 Vallejo St, Unit 803
San Francisco, CA 94123
WEBSITE
View Site
TERMS
Nimbus
Overview
PRICE PER SHARE
$3.89
DEADLINE
Mar. 28, 2023 at 6:59 AM UTC
VALUATION
$49.96M
FUNDING GOAL
$10K - $1.07M
Breakdown
MIN INVESTMENT
$248.96
MAX INVESTMENT
$1,069,998.96
MIN NUMBER OF SHARES OFFERED
2,570
MAX NUMBER OF SHARES OFFERED
275,064
OFFERING TYPE
Equity
SHARES OFFERED
Common Stock
Maximum Number of Shares Offered subject to adjustment for bonus shares
*Maximum Number of Shares Offered subject to adjustment for bonus shares. See Bonus info below.
Company Perks*
Early Bird
Friends and Family - First 72 hours | 15% bonus shares
Super Early Bird - Next 72 hours | 10% bonus
Early Bird Bonus - Next 7 days | 5% bonus shares
Volume
Tier 1 Perk — Invest $1,000+ and receive 5% bonus shares
Tier 2 Perk — Invest $2,500+ and receive Power Relay System + 10% bonus shares
Tier 3 Perk — Invest $10,000+ and receive 15% bonus shares
Tier 4 Perk — Invest $25,000+ and receive 20% bonus shares
*All perks occur when the offering is completed.
The 10% StartEngine Owners' Bonus
Nimbus Inc. will offer 10% additional bonus shares for all investments that are committed by investors that are eligible for the StartEngine Crowdfunding Inc. OWNer's bonus.
This means eligible StartEngine shareholders will receive a 10% bonus for any shares they purchase in this offering. For example, if you buy 100 shares of Common Stock at $3.89 / share, you will receive 110 shares of Common Stock, meaning you'll own 110 shares for $389. Fractional shares will not be distributed and share bonuses will be determined by rounding down to the nearest whole share.
This 10% Bonus is only valid during the investors' eligibility period. Investors eligible for this bonus will also have priority if they are on a waitlist to invest and the company surpasses its maximum funding goal. They will have the first opportunity to invest should room in the offering become available if prior investments are cancelled or fail.
Investors will only receive a single bonus, which will be the highest bonus rate they are eligible for.
Voting Rights of Securities Sold in this Offering
Voting Proxy. Each Subscriber shall appoint the Chief Executive Officer of the Company (the “CEO”), or his or her successor, as the Subscriber’s true and lawful proxy and attorney, with the power to act alone and with full power of substitution, to, consistent with this instrument and on behalf of the Subscriber, (i) vote all Securities, (ii) give and receive notices and communications, (iii) execute any instrument or document that the CEO determines is necessary or appropriate in the exercise of its authority under this instrument, and (iv) take all actions necessary or appropriate in the judgment of the CEO for the accomplishment of the foregoing. The proxy and power granted by the Subscriber pursuant to this Section are coupled with an interest. Such proxy and power will be irrevocable. The proxy and power, so long as the Subscriber is an individual, will survive the death, incompetency and disability of the Subscriber and, so long as the Subscriber is an entity, will survive the merger or reorganization of the Subscriber or any other entity holding the Securities. However, the Proxy will terminate upon the closing of a firm-commitment underwritten public offering pursuant to an effective registration statement under the Securities Act of 1933 covering the offer and sale of Common Stock or the effectiveness of a registration statement under the Securities Exchange Act of 1934 covering the Common Stock.
Insider Investment Notice
Officers, directors, executives, and existing owners with a controlling stake in the company (or their immediate family members) may make investments in this offering. Any such investments will be included in the raised amount reflected on the campaign page.
Irregular Use of Proceeds
ALL UPDATES
03.24.23
CAMPAIGN CLOSING SOON: INVEST TODAY
March 24th, 2023 – If you've been following our campaign throughout the year, now is the time to invest! Our offering is now down to its last 3 days before the campaign closes. We know that you've been keeping an eye on our campaign, and we're so grateful for your support. Now, we're asking you to take the next step.
By investing in our company, you'll be supporting the continued development and commercialization of our technology, which has the potential to change the way we power our devices. Plus, we're offering some amazing incentives to our investors, with up to 20% bonus shares depending on your investment level.
With the recent $1.2M contract we’ve been awarded, and the new investment banking partnership we’ve entered into, this year is shaping up to be an exciting one. But time is running out! Our campaign will be closing in just 3 days, and we don't want you to miss out on this incredible opportunity. So, head over to our page now and invest in our company to become part of something truly amazing!
Thanks for your support, and we can't wait to welcome you on board as an investor in our company! To those that have already invested, thank you for your help in making this an incredibly successful campaign!
If you’re following us and are amped about our technology, click here to invest TODAY!
03.10.23
CAMPAIGN CLOSING SOON: INVEST TODAY
March 10th, 2023 – If you've been following our campaign throughout the year, now is the time to invest! Our offering is now down to its last 17 days before the campaign closes. We know that you've been keeping an eye on our campaign, and we're so grateful for your support. Now, we're asking you to take the next step.
By investing in our company, you'll be supporting the continued development and commercialization of our technology, which has the potential to change the way we power our devices. Plus, we're offering some amazing incentives to our investors, with up to 20% bonus shares depending on your investment level.
With the recent $1.25M government contract we’ve been awarded, and the new investment banking partnership we’ve entered into, this year is shaping up to be an exciting one. But time is running out! Our campaign will be closing in just 17 days, and we don't want you to miss out on this incredible opportunity. So, head over to our page now and invest in our company to become part of something truly amazing!
Thanks for your support, and we can't wait to welcome you on board as an investor in our company! To those that have already invested, thank you for your help in making this an incredibly successful campaign!
If you’re following us and are amped about our technology, click here to invest TODAY!
03.08.23
Nimbus & Silverwood Partners Enter Private Placement Partnership
March 9th, 2023 – Nimbus Engineering, Inc. partnered with Silverwood Partners, an investment banking firm with sector knowledge and experience in anticipating institutional investors' expectations and concerns. This partnership will enable Nimbus to prepare for institutional capital raising by shaping our presentation and positioning to match investors' objectives and grow accordingly.
Silverwood's flexible approach to private placements ranges from acting as an exclusive financial advisor to contacting selected investors with whom they have strong relationships. The partnership aims to achieve Nimbus' capital raising objectives while addressing concerns proactively. We are excited to have Silverwood Partners as a partner and look forward to building a successful relationship that will deliver value to our stakeholders.
Lastly – we want to remind our followers and rockstar investors that our campaign will be closing soon. If you haven’t done so already, head on over to our page and make your investment before it’s too late and become a shareholder TODAY! Over and out.
If you’re following us and are amped about our technology, click here to invest TODAY!
03.06.23
$1.25 MILLION GOVERNMENT CONTRACT AWARDED
March 6th, 2023 – We are thrilled to announce that our company has recently won a government contract worth $1.25 MILLION. Under the Operational Energy Prototyping Fund (OEPF), our proposal was ranked in the top tier of all submitted proposals!
We believe that this contract win reflects the quality and innovation of our technology, and we are excited about the future opportunities it may bring. We are confident that our solutions will continue to drive growth and create value for our customers and investors.
Under this project, we will be integrating the state-of-the-art Compact Laser Weapon System (CLaWS) into our technology platform. Developed and manufactured by Boeing, CLaWS is a cutting-edge laser weapon system that will enable us to demonstrate optical energy transfer to a quad-copter drone.
As part of this integration, the drone will be equipped with Nimbus' Power Relays, which will allow for seamless energy transfer and maximum efficiency. We are confident that this demonstration will showcase the full potential of our technology and provide valuable insights into the future of laser-based energy transfer systems.
Additionally, we wanted to remind you that our StartEngine campaign will soon be ending. This is an excellent opportunity for prospective investors to get involved with our company and support our mission of revolutionizing the wireless energy industry.
Thank you all for your continued support, and we look forward to sharing more information with you as we progress! Over and out.
If you’re following us and are amped about our technology, click here to invest TODAY!
03.01.23
Update From Nimbus: CAMPAIGN CLOSING SOON
March 1, 2023 – If you've been following our campaign throughout the year, now is the time to invest! Our offering is now down to its last 26 days before the campaign closes. We know that you've been keeping an eye on our campaign, and we're so grateful for your support. Now, we're asking you to take the next step.
By investing in our company, you'll be supporting the continued development and commercialization of our technology, which has the potential to change the way we power our devices. Plus, we're offering some amazing incentives to our investors, with up to 20% bonus shares depending on your investment level.
But time is running out! Our campaign will be closing in just 26 days, and we don't want you to miss out on this incredible opportunity. So, head over to our page now and invest in our company to become part of something truly amazing!
Thanks for your support, and we can't wait to welcome you on board as an investor in our company! To those that have already invested, thank you for your help in making this an incredibly successful campaign!
If you’re following us and are amped about our technology, click here to invest TODAY!
02.07.23
Update: Amazon Launchpad
February 1st, 2023 – Recently, Nimbus Engineering was contacted by team members of Amazon Launchpad, EU! Launchpad is an invite-only program within Amazon to help innovative and unique brands accelerate their growth on Amazon’s website.
Before we get too excited, I should note that we haven't signed anything yet and are still reviewing the terms of the partnership. But if we do move forward, we'd get support from Amazon's team to improve our listing, get more visibility, and drive higher revenue growth. Plus, the program offers some awesome benefits like content creation, brand store quality improvement, sales promotions, physical retail expansion support, marketing and PR support, advertising support, and fulfillment support.
As always, thank you to all our most recent investors, supporters, and followers for joining in on the action! If you’re following us but haven’t invested yet, what are you waiting for?! Drop us a comment below. Over & out.
If you’re following us and are amped about our technology, click here to invest TODAY!
01.24.23
Pre Orders are now LIVE.
January 24th, 2023 – It's been a long time coming… but we are pumped to announce that we are now accepting Pre Orders through our website! This has been the culmination of years of hard work and engineering to transition a seemingly industrial piece of technology into the hands of everyone.
Want to electrify your coffee table? Or the table on your back patio? The shed in your backyard? Maybe you have a kitchen island that doesn't have any outlets. Or speakers that die a little too quickly before needing a charge. Whatever your situation may be, our Relay can provide the power you need! Get yours NOW while supplies last, as this will be a limited production run.
On a sidenote, thank you to all our most recent investors, supporters, and followers for joining in on the action! If you’re following us but haven’t invested yet, what are you waiting for?! Drop us a comment below. Over & out.
If you’re following us and are amped about our technology, click here to invest TODAY!
01.20.23
Notice of Material Change in Offering
[The following is an automated notice from the StartEngine team].
Hello! Recently, a change was made to the Nimbus offering. Here's an excerpt describing the specifics of the change:
Issuer is extending the campaign end date.
When live offerings undergo changes like these on StartEngine, the SEC requires that certain investments be reconfirmed. If your investment requires reconfirmation, you will be contacted by StartEngine via email with further instructions.
01.18.23
UPDATE: Approaching $650,000 Raised!
January 18th, 2023 – We have now raised nearly $650,000 from over 340 individual investors! That brings our average investment to almost $1,900… over 7x our minimum investment!
Thank you to all our most recent investors, supporters, and followers for joining in on the action! If you’re following us but haven’t invested yet, what are you waiting for?! Drop us a comment below. Over & out.
If you’re following us and are amped about our technology, click here to invest TODAY!
01.09.23
WATCH: Nimbus Founder Gives Brief Interview at CES2023
REWARDS
Venture Club
Venture Club Members earn 10% bonus shares on top of this and all eligible investments for an entire year. Not a member? Sign up at checkout ($275/year).
$1,000
Tier 1
Invest $1,000+ and receive 5% bonus shares
$2,500
Tier 2
Invest $2,500+ and receive Power Relay System + 10% bonus shares
$10,000
Tier 3
Invest $10,000+ and receive 15% bonus shares
$25,000
Tier 4
Invest $25,000+ and receive 20% bonus shares
JOIN THE DISCUSSION
0/2500
James Batchler
6 months ago
Why no updates?
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0
Deborah Wilson
10 months ago
When will investors see a return?
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0
Mirko Turrina
2 years ago
Any updates on the company performance and roadmap?
1
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Jared Whitener
2 years ago
The receiver shown seems a bit large for use with a small model of warehouse robot. Is the receiver something that could be reduced in size with technological advancements, or does it have to be a certain size due to the laws of physics? Does it have to have some significant size in all 3 dimensions or could a flatter receiver absorb enough energy? Would a warehouse robot have a receiver on both the front and back?
Show more
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Connor Robertson
2 years ago
Does it make you worried about the future since 70% of your goal was raised and not 100%? Thanks, Connor
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Ajith Potluri
2 years ago
Hello William how long you extended the raise? 30 day or 60 days, please clarify when is your next closing date. Thank you
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1
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Russell Piche
2 years ago
How long will the raise be open? Thanks, Russell
Show more
1
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Joshua Resnick
2 years ago
Hello, What is the end-to-end efficiency of the system? Thanks, Joshua
Show more
1
0
SOMA SEKHARA RAO KONIJETI
3 years ago
Hi, What is Efficiency of Power Transfer?
1
0
HOW INVESTING WORKS
Cancel anytime before 48 hours before a rolling close or the offering end date.
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FAQS
With Regulation A+, a non-accredited investor can only invest a maximum of 10% of their annual income or 10% of their net worth per year, whichever is greater. There are no restrictions for accredited investors.
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For Regulation Crowdfunding, investors are able to cancel their investment at any point throughout the campaign up until 48 hours before the closing of the offering. Note: If the company does a rolling close, they will post an update to their current investors, giving them the opportunity to cancel during this timeframe. If you do not cancel within this 5-day timeframe, your funds will be invested in the company, and you will no longer be able to cancel the investment. If your funds show as ‘Invested’ on your account dashboard, your investment can no longer be canceled.
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Refunds that are made through ACH payments can take up to 10 business days to clear. Unfortunately, we are at the mercy of the bank, but we will do everything we can to get you your refund as soon as possible. However, every investment needs to go through the clearing process in order to be sent back to the account associated with the investment.
Both Title III (Regulation Crowdfunding) and Title IV (Reg A+) help entrepreneurs crowdfund capital investments from unaccredited and accredited investors. The differences between these regulations are related to the investor limitations, the differing amounts of money companies are permitted to raise, and differing disclosure and filing requirements. To learn more about Regulation Crowdfunding, click here, and for Regulation A+, click here.
James Batchler
15 days ago
No updates in over 2 years
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