Flower Turbines (1)

Flower Turbines (1)

Innovative Small Wind Turbines

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Security Type
Other
Categories
Energy
Min Investment
$250
Location
Lawrence, NY
Offering Date
June 27, 2018
Expected Close Date
September 26, 2018
Target Raise
$10.00K-$1.07M
Deal Notes
  • Type of Security Offered: Units
  • Purchase Price of Security Offered: $10
  • Minimum Investment Amount (per investor): $250
  • Maximum 10,700* Units ($107,000)
  • Minimum 1,000 Units ($10,000)
Valuation
$7,600,000

Company Description

We believe we are the first and only company with patents (licensed or owned) solving the aerodynamic issues affecting small wind turbines in dense and urban rooftop settings. We believe we have the potential to be at least as successful as solar PV. Flower Turbines combines innovative aerodynamics with innovative designs. Small wind energy production is part of the energy future, and we believe it has yet to realize its potential. A few working turbines have been sold, and the company is ready to commercialize. The current stage of the company is early sales with proven prototypes. Our video shows a recent sale in Colombia. This could be the small wind turbine company that addresses a large market. This is your chance to be part of it. One of the key technologies is the cluster effect. Normally, wind turbines need to be widely spaced because they interfere with each other. Flower Turbines actually make their neighbors, when spaced correctly, produce 20-50% more electricity than when alone. This enables a totally new business model: the rooftop wind farm, with more sales per roof. And it enables a mass-production manufacturing model, like what Henry Ford did for the auto industry, with the difference being that we have multiple levels of patent protection. Your participation makes you part of a movement that makes clean energy without taking away land from agriculture or housing, without damaging birds, and while creating eco-kinetic art."

Perks

$500 — If you invest $500, you will receive a T-shirt with the Turbine logo.
$1.000 — If you invest $1,000, you will receive a 5% discount on Wind Tulips purchased directly from our website.
$10,000 — If you invest $10,000, you will receive a 10% discount on Wind Tulips purchased directly from our website.

Key Deal Facts

Installed the first small wind turbine on the Israeli grid and then installed a few more.
Won second place in the Cleantech Open.
Were on exhibit in the Bloomfield Science Museum in Jerusalem as one of the top-45 inventions in the history of Israel.
Won the Eurogia label for technological excellence.
Demonstrated the cluster effect with two full-size turbines in Israel and two small turbines in the US.
We now moved our headquarters to the US to go to market primarily in North America.
Flower Turbines was one of the 3% of companies chosen to participate in Dreamit Venture's first Urbantech Accelerator, where we refined our pitches and met early potential US customers and partners. We are ready to fund the company and move ahead.
BREAKING NEWS: In May 2018, Flower Turbines was among the winners of the US-China Innovation Forum contest, which will result in an expenses-paid trip to China to meet investors and partners.
MORE BREAKING NEWS: In June 2018, we are negotiating a joint venture in China with a large energy company for an investment of $15 million in the joint venture and a share for Flower Turbines of 40%.

Use of Proceeds

  • R&D and production
  • Marketing
  • Working Capital
  • Down payments on projects

Management Team / Advisory Board Bios

Dr. Daniel Farb
Founder, CEO and Director
CEO, 2013-present, experience in renewable energy, high achiever in multiple fields, degrees in business, science, and literature, startup and corporate sales experience; 30 patents; 100 books. Flower Turbines is his primary job. CEO of Leviathan Energy, 2008-present. The Leviathan Energy group consists of related renewable energy companies, and he works most of the time with Flower Turbines. Strong believer in the importance of ecology and an avid hiker.

Larry Solomon
CFO
Part time with company as CFO, Brought startups to market. Real estate experience. Columbia Business School 2003; Primary work: EXCEED INVESTMENTS, 2017 - Present, Managing Director, Commercial Business Lines, an insurtech company, EXCEED INVESTMENTS, 2012-2017, Chief Operating Officer. UBS WEALTH MANAGEMENT AMERICAS, Director, Market Strategy and Analysis, 2010-2012. BARCLAYS WEALTH / LEHMAN BROTHERS, Vice President, Private Investment Management Corporate Strategy, 2007-2009. MCKINSEY AND COMPANY, Management Consultant, Financial Institutions Group, 2004-2006. Contributing time since 2017

Geoffrey B. Clark
COO
Part time with company as COO, PRIMARY WORK: International Accounts Manager. Former Director of Corporate Planning at Consolidated Edison, 1998 – 2003; Dublind Partners, Consultant, 2003-2007; FLEXcon Company Inc., 2007 – present, Investments Manager. Harvard Business School, 1983; Harvard College cum laude. Contributing time since 2017

Deal Notes

  • Type of Security Offered: Units
  • Purchase Price of Security Offered: $10
  • Minimum Investment Amount (per investor): $250
  • Maximum 10,700* Units ($107,000)
  • Minimum 1,000 Units ($10,000)
Amount Raised : $1,069,804
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