Qnetic

Low-cost energy storage to unleash sustainable power

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Security Type
CAFES
Categories
Technology, Energy, Sustainability, Financial Services, Manufacturing, VC-Backed
Min Investment
$300
Location
New York, NY
Offering Date
June 12, 2023
Expected Close Date
April 30, 2025
Target Raise
$50.00K-$618.00K
No. Investors
287
Security Price
$1
Website
qnetic.energy
Number of Employees
10
Cash
$1,254,186
Revenue
$0
Short Term Debt
$248,047
Cost of Goods
$0
Long Term Debt
$1,862,592
Net Income
$-807,523

Company Description

🌍Our mission is to revolutionise the way we power our planet with sustainable energy💡

Qnetic unleashes the potential of renewables 🌞: low-cost, long-life, grid-scale energy storage 🔋

💡Say goodbye to intermittency and power our world with reliable, clean energy🌬️

💪Team is a powerhouse of experts in technology and business, united to transform energy systems 🌎

📈Ride the wave of exponential growth: storage demand is doubling every 3 years

🎓Energy storage expert analysis: game-changing 38% cheaper than Li-ion in 2030🪫

Key Deal Facts

Our mission—transition our civilization to sustainable energy Our product—a low-cost, long-life, long-discharge grid-scale energy storage The result—the solution to solar and wind power intermittency Team—strong technical expertise, experienced in business and complex system execution; global The market—growing exponentially, doubling every 3 years

Management Team / Advisory Board Bios

Michael Pratt Founder, CEOProduct design and development specialist with award-winning product designs and invention patents. 16 years at a leading product design consultancy: founding China GM and Technical Director, leading the design and engineering team for a decade., Loic BASTARD Founder, CTOFormer Head of Department at Envision Energy; 10y experience at Siemens; 18 years of designing and analyzing complex rotating systems; Specialist in vibrations, rotor dynamic and FEA. China 1000 specially recruited talent award in 2016., Malcolm Mathews Head of Finance, Business Ops. & Strategy, CFOGlobal business executive with over 30 years of success leading organizations providing diverse technologies and services across multiple industries and segments. Former CFO, APAC at Johnson Controls, Stanley Black & Decker, Carrier Corporation, Dr. Mathias Mier Head of Quality, Procurement, Head European OfficeAlmost 40 years in leading roles in renewable energy, e.g. 12y REpower Systems, 5y Envision Energy. Expert in intercultural business, Quality, risk and supplier management. Experience in managing global JV & license agreements.

Amount Raised : $242,480
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Security Description

A CAFES (Contract and Future Equity Stake) can convert into different types of equity upon a Triggering Event, such as: common or preferred stock for a corporation, limited partnership interest for a limited partnership and membership interest for a limited liability company. At the time of the Triggering Event, the specific rights and limitations associated with the equity stake being issued to the investors will be determined and disclosed by the Entrepreneur.

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