VOLEKTRA

VOLEKTRA

Electrifying Vehicles with Magnet Free, Smart & Connected Drivetrain Platforms

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Security Type
CAFES
Categories
Technology, Financial Services, Retail, Consumer Goods & Products, Transportation & Storage
Min Investment
$100
Location
Utica, MI
Expected Close Date
April 30, 2023
Target Raise
$50.00K-$1.24M
No. Investors
78
Security Price
$1
Website
volektra.com
Number of Employees
6
Cash
$158,149
Revenue
$917,783
Short Term Debt
$98,424
Cost of Goods
$383,646
Long Term Debt
$0
Net Income
$19,484

Key Deal Facts

Mission Oriented Company with $2.5 Million Total Revenue in 3 years & saving 30 Metric Tons Co2/Year
Order book forecast of min $5M for 2023 (not guaranteed) with cash confirmed orders of $1M
Patent pending technology for breakthrough magnet less motor and wireless cadence sensor
Mission 2050- Save 4 Giga tons of CO2 and 2 Giga tons of Toxic waste (due to rare earth elements)
Top notch team of Ex VW/FORD/ABB/SAMSUNG/ANALOG DEVICES folks who left jobs to change status quo
Rare mix of Hardware/Software and Mechanical Engineers with MBAs from Kelloggs (US) & WHU (Germany)
Proven Execution Record - Bootstrapped the company to million dollar yearly revenue
Global Presence - Present in US/Germany/Poland and India - Ready to Scale

Management Team / Advisory Board Bios

Manish Seth Founder and CEO2 decades-of Global Experience, led multimillion dollar development projects. Grew Volektra to 1 million dollar yearly revenue, setting up operations in 3 countries and saving 30,000 kg of C02 every year. Built up strong team that will disrupt mobility., Luis Pont Drivetrain Design Director Worked at ABB advanced motor labs on multiple new generation motors. Highly knowledgeable on electromagnetic and electrical engineering. Invented magnet-less motor that is cheaper and better than magnet based motors., Shom Shekhar VP - Software Development2 decades of software experience. Built & sold query analyser software to DBS bank of Singapore. Developed AI based OS hardening system for cloud infra, Developed IOT platform for Samsung that is used in BMW, FCA and AUDI. Training next Gen of engineers., Aleksey Skuratov Head of Embedded Systems DesignDeveloped Radar Systems for aerospace and Defense. Developed device for analysing Gas composition for chemical plants. Developed and produced wireless e bike hardware system., Marek Hric CFOFounded a Blockchain based company to tokenise real estate. More than a decade of experience in Finance and investment from 2 of top European banks
Amount Raised : $260,730
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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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