ALFADAN

ALFADAN

Re-defining the outboard engine

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Security Type
Common Stock
Categories
Other
Min Investment
$250
Location
Miramar, FL
Offering Date
May 08, 2020
Expected Close Date
August 07, 2020
Target Raise
$10.00K-$1.07M

Company Description

At ALFADAN, we have created a proprietary, marine-specific outboard engine design that will revolutionize the boating industry. Our engines have at least 50% more horsepower, 50% less moving parts and less weight which leads to better performance, less fuel consumption, and a much lower cost of operation.

Key Deal Facts

Paradigm Shifting Product - Our proprietary inline four cylinder engine design has solved the secondary balance issue that has plagued this design for over 100 years. It produces greater horsepower, greater efficiency and the best power to weight ratio when compared to all other outboard marine engines.
Experienced Team - We are built by boaters for boaters, with combined 80 years of experience and have developed relationships with industry veterans, like Mahle Powertrain and Free Valve, to assist us.
Large Market - The global marine outboard engines market is forecasted to reach $17B in 2025 and we hope to become an industry leader.

Management Team / Advisory Board Bios

Alberto Araujo
Chief Executive Officer
Mr. Araujo founded and has served as the CEO of the Company since October 2017. From 1989 to 2017, Mr. Araujo served as the President of Amtech Industries Inc, an entity which he also founded, which specialized in the field of manufacturing and sales of natural stone products. From 1993 to 2002, Mr. Araujo served as the Founding Partner and Vice President of R.A. Microjets Inc., where he headed the (a) research and development of the first miniature gas turbines used on military UAV’s and RC jet aircraft; and (b) CAD design and manufacturing of all engine parts, QA and final engine assembly and testing. Previous to that Mr. Araujo served as a Maintenance Manager at Eastern Airlines, where he managed C and D checks on commercial aircraft, as a founder and CEO of an entity which specialized in the field of non-destructive testing of large commercial aircraft engines, and as an FAA certified disassembly and assembly aircraft turbine engine mechanic and surveillance inspector. Mr. Araujo obtained a BS in Aviation Maintenance Management from Embry Riddle Aeronautical University and has obtained FAA Airframe and Power plant license certifications.


Omar Jimenez
President and Chief Operating Officer
Mr. Jimenez is a seasoned operationally oriented executive with multi-industry experience in building, strengthening, and leading public and private companies that were in various degrees of corporate maturity including start-up, stable, high growth, or turnaround situations. From November 1, 2015, through February 1, 2020, Mr. Jimenez served as Chief Operating Officer and Chief Financial Officer for a public technology development company and he has held a variety of senior management positions during his career including President of a public high-end real estate development company for five years and President of a public leisure and business travel company for five years. Mr. Jimenez holds two B.B.A. degrees from the University of Miami and an M.B.A. degree from Florida International University.
Amount Raised : $1,069,931
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Security Description

Common stock is a security that represents ownership in a corporation.

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