Quioveo Energy

Quioveo Energy

Unlocking an electric grid that runs on 100% sustainable renewable energy

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Security Type
Convertible Note
Categories
Energy
Min Investment
$100
Location
Narberth, PA
Offering Date
March 15, 2021
Expected Close Date
April 30, 2022
Target Raise
$50.00K-$250.00K

Company Description

The purpose of Quioveo (Key-oh-vey-oh) is to both accelerate the widespread adoption of sustainable, renewable energy and design a more robust electrical grid, with a suite of products and technologies that will allow electricity from exclusively sustainable sources to flow more efficiently and affordably than ever before.

Through breakthroughs in machine learning and AI, and a plan to connect a network of independent distributed energy resource owners (DERs), we can optimize the way electricity flows throughout the country – breathing new life into our nearly 150-year old electrical grid.

Use of Proceeds

$50,000

  • 93.5% towards engineering costs to complete v1 of Illuminator
  • 6.5% Wefunder fee

$250,000

  • 60% engineering costs to develop Illuminator through an alpha to a full build
  • 28.5% Illuminator go-to-market expenses
  • 5% cash reserves
  • 6.5% Wefunder fee

Management Team / Advisory Board Bios

Leo Alicante
Founder & CEO
Entrepreneur dedicated to building the new energy paradigm, centering his lived experience with the negative impacts of climate change. Engineer with 15+ years experience working at the intersection of energy and technology in the US.

Chuck Brown
Business Strategist
Champion of social entrepreneurs and Founder, Orion Advising. 10+ years in social enterprise and philanthropy - Kiva.org, Cornell University, Silicon Valley Community Foundation, Resource Generation, Social Enterprise Alliance.

Edgar Dobriban
Advisory Board Member
Assistant Professor of Statistics at The Wharton School. Focused on theoretical analysis of modern machine learning (including deep learning) and the efficient statistical analysis of big data using advanced tools. BA, Princeton; PhD, Stanford.

Eric Tchetgen Tchetgen Advisory Board Member
Distinguished Professor of Statistics at The Wharton School. Focused on semi-parametric efficiency theory with application to causal inference, missing data problems, statistical genetics and mixed model theory. BS, Yale; PhD, Harvard.

Jamila Medley
Advisory Board Member
Executive Director, Philadelphia Area Cooperative Alliance (PACA), a member of Seed Commons. 20+ years experience in nonprofit and cooperative businesses. MS, U. Pennsylvania.

Kenneth C Brown
Advisory Board Member
40 years in energy technology, renewables, architecture, engineering, construction, manufacturing, and infrastructure industries both in the US and abroad. Successful PE investor at JPMorgan and BlueKey Equity Partners. MS Oxford.

Anthony D Giancatarino II
Advisory Board Member
Director, Just Community Energy Transition (JCET) Project focusing on the regenerative economy through energy transition. Community organizer fighting for racial and social justice, and democratized access to and control of energy. MPA, NYU.

Zach Berke
Strategic Advisor
Founder and Managing Partner of Exygy, a digital innovation studio and one of the original Certified B Corps.
Amount Raised : $0
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Security Description

A convertible security is a security that can be converted into another security, typically equity in the next round of financing.

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