Manta Biofuel

Manta Biofuel

Reinventing crude oil, renewably this time

Security Type
Crowd SAFE
Min Investment
Owings Mills, MD
Offering Date
November 03, 2020
Expected Close Date
February 05, 2021
Target Raise
Deal Notes

Discount: 25%

Company Description

Vision A world powered by algaeOur mission is to commercialize the production of biofuel made from algae, by making it cost-competitive for the first time in history. With our unique and scalable system, we envision a world where our energy sources are sustainable, energy is democratized, and where the planet is preserved for future generations.Climate change is an enormous problem that many of us feel powerless to stop as individuals. Only with collective action can we hope to make a difference. Platforms like Republic now allow individuals to be part of the larger solution by investing in companies that are making a difference. Your investment in Manta Biofuel is a concrete step to help in the fight against climate change.

Key Deal Facts

A cost-competitive, renewable replacement for fossil fuel, made from algae
$3M raised from U.S. Department of Energy, State of Maryland, and founder
$1M in LOIs and initial beta testing complete in a commercial system
Founder has PhD in biofuels and 15+ years exp. in large scale agriculture
$10 billion opportunity with larger $2T market opportunity

Management Team / Advisory Board Bios

Ryan Powell - Founder, CEO, CTO
Andrew Wills - Director of Finance
John Sturgis - Lead Engineer
Zach Schwartz - Engineer
Brian Ratigan - Chemical Engineer

Deal Notes

Discount: 25%

Amount Raised : $1,860,318
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Security Description

An equity crowdfunding specific version of a SAFE used by crowdfunding portal Republic. Upon conversion (if and when that happens), investors may receive special shares with limited rights that do not show up on a company’s cap table. The issuer may roll over and not convert shares at the next financing round causing investors to lose out on some upside.

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