Lppfusion
Cheap, safe, and clean energy generator: the power of the sun recreated on Earth
- Security Type
- Equity
- Categories
- Energy, Technology, Infrastructure, Hardware, Healthcare/Medical, Female Founder, Climate Change, Science & R&D
- Min Investment
- $200
- Location
-
Middlesex, NJ
- Offering Date
- November 15, 2017
- Expected Close Date
- January 27, 2023
- Target Raise
- $200.00K-$4.00M
- No. Investors
- 383
- Security Price
- $200
- Deal Notes
-
- Common stock
- $37.5M pre-money valuation
- $125.00/share
- Valuation
- $68,753,000
- Website
- lppfusion.com
- Number of Employees
- 3
- Cash
- $254,143
- Revenue
- $0
- Short Term Debt
- $11,989
- Cost of Goods
- $0
- Long Term Debt
- $0
- Net Income
- $702,312
Company Description
We're on a near-term path to achieving practical nuclear fusion energy at a low enough cost to replace all fossil-fuel based energy sources. While our generators will be powered by nuclear fusion, a fundamentally different process than all current energy sources, we're not inventing a new reaction. Rather, we harness the energy source powering the sun to create clean, safe energy. If we secure the funding to complete our project, this will be the most fundamental change in technology in decades.
Perks
$1,000+: Recognized on a special page on our website and join exclusive investor social network. $2,000+: Come visit our lab in New Jersey and see the work we're doing first hand. $5,000+: You will be mentioned as funder on a future published paper.
Key Deal Facts
Achieved the highest confined temperature of any fusion generator device, over 2 billion degrees, which is sufficient for hydrogen-boron fusion.d Raised a total of $6 million from 90 investors since 2008.d Patents issued in the U.S., China, Australia, and Canada, with patents pending in the European Union and India.d Achieved the highest fusion energy output per unit input of any private fusion experiment in the world.d Raised $180,000 through donations on Indiegogo in 2014.d Research published in leading peer-reviewed journals documenting the LPP Fusion device as the most advanced, privately funded fusion experiment in the world
Perks
$1,000+: Recognized on a special page on our website and join exclusive investor social network. $2,000+: Come visit our lab in New Jersey and see the work we're doing first hand. $5,000+: You will be mentioned as funder on a future published paper.
Management Team / Advisory Board Bios
President and Chief Scientist
Active in dense plasma focus research for 30 years, Eric developed an original model of the role of the quantum magnetic field effect and has tested theories within NASA's Jet Propulsion Laboratory.