Primo Energy

Plug Into Nature

Print
Claim My Business
Security Type
Common Stock
Categories
Technology
Min Investment
$250
Location
SAN DIEGO, CA
Offering Date
November 16, 2021
Expected Close Date
March 10, 2022
Target Raise
$10.00K-$1.07M
No. Investors
83
Security Price
$2.19
Valuation
$25,000,000
Website
primoenergy.com
Number of Employees
10
Cash
$92,277
Revenue
$85,614
Short Term Debt
$339,226
Cost of Goods
$150,449
Long Term Debt
$2,312,182
Net Income
$-489,238

Company Description

Primo Wind designs and builds hybrid energy platforms that combine wind, solar, and battery storage. Our products are easily erected and can be fitted with lights, USB charging, WIFI extension, AC power, and more integrated into the system. Distributed power can provide energy for remote locations, island territories, disaster relief, and even power blackouts. Other products are designed for community gathering places like parks and universities, and we also have a STEM teaching tool for 4th-12th grades.

Key Deal Facts

We are one of the few companies providing usable power for both urban and austere environments through hybrid renewable energy technology combining wind, solar, and batteries. We are also developing our further patented solutions for rooftop and other specialty installations.
Our technology has significant applications across multiple markets: portable public safety power, humanitarian and disaster relief power, and power for the 1 billion people worldwide who currently lack access to electricity.
We are preparing the next generation to bring renewables forward through our educational training products and tools, including an approved curriculum for 4th-12th grades with teacher’s guides and capstone products.

Management Team / Advisory Board Bios

Ned McMahon
CEO & Director
Ned studied engineering at Texas A&M With a 30 year career in composites Ned founded Malama Composites - innovated rigid PU foam made with non-toxic plant based chemistry.

Josh Franklin
COO & Director
Josh worked for one of the 10 largest utilities in the United States and in many functions including corporate controller, investor relations, regulatory compliance and renewable energy development /finance. Josh has been responsible for the development of over 1,000 MW of wind and solar generation.
He holds an undergraduate degree in Information and Decision Sciences and an MBA in Finance, both from the University of Illinois.

Christinia Marc
Administration Manager, Secretary, Treasurer, and Director
Christinia was raised in San Diego, she worked in the medical insurance field for most of her career. In 2014 Christinia joined Primo Energy to be more involved with Renewable Energy and Disaster Relief.

Venkat Shastri
Chief Engineer & Director
PhD in Electrical and Computer Engineering from the University of Massachusetts. A Research Scientist at Yale University and Consulting Professor at Stanford.
De Sanctis Professor of Engineering and Entrepreneurship, Director of Industry Partnership

Colton Landaiche
Mechanical Engineer
Colton is a fourth-year undergraduate studying Integrated Engineering: Sustainability at the University of San Diego, where he will be completing his BS/BA in May 2022. Passionate about environmental conservation, he chose to work in solar and wind to improve local green energy infrastructure to ultimately reduce reliance on fossil fuels.
Amount Raised : $72,923
Reveal the Score by Voting
_
Additional ratings from other users are needed to determine a viable CrowdScore for this deal.
The "CrowdScore" for this deal is determined by user ratings and other factors using our proprietary algorithm.
The overall viability and scalability of the business concept as well as the ability to drive the concept to profitability over time.
Business Idea
The progress made thus far in demonstrating that the business has viability, a customer base or other business traction.
Business Traction
The experience of the management team in running, scaling and/or exiting a business that required similar skills to execute the business plan.
Management Team
The value of the company compared to similar companies raising money from investors.
Valuation

Security Description

Common stock is a security that represents ownership in a corporation.

Research Reports

No reports have been submitted

Become a Reporter

0 Comments