Liquidpiston

Liquidpiston

First wholly new combustion engine / cycle in 85+ years

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Security Type
Convertible Note
Categories
Other
Min Investment
$1,000
Location
Bloomfield, CT
Offering Date
July 09, 2018
Expected Close Date
April 02, 2019
Target Raise
$1.07M
Deal Notes

Custom Convertible Note

$35Mvaluation cap

4%interest

$25K+voting & pro rata right threshold

A Convertible Note is debt that converts to equity. If you invest, you're betting the company will be worth more than $35M in the future.

Company Description

We created a new type of internal combustion engine. Our mission is to develop a totally new type of rotary internal combustion engine technology, by innovating the fundamentals of how engines work  – how the fuel is converted to work and how the physical engine platform is made and functions. 

Perks

$1,000+
LiquidPiston T-Shirt

Key Deal Facts

Raised $1.29M from 727 investors on Wefunder in 2017.
Since then, DARPA awarded a Phase 2 $2.5M development contract in October 2017, a follow-on to our 2 DoD contracts, totaling $5.5M in non-dilutive funding.
New engine architecture could improve fuel efficiency by up to 2x over a gasoline engine while reducing size and weight by up to 10x over a diesel engine.
45 patents issued or pending in the U.S. and internationally.
Our 70cc "X mini" engine is a 3-5hp gasoline engine the size of a honeydew melon. Measured 50% increased efficiency over comparable per-cylinder displacement gasoline engine. The engine is being inserted into a 2kwe hybrid electric generator for Army applications.
Our 750cc "X-4" engine is a 40hp rotary Diesel X engine "Alpha" prototype, which ultimately may fit in an 11" box while weighing just 40 pounds. We are proving it's efficiency and power.
Completed $1M "seedling" program with DARPA in 2015.
$460 billion total addressable market; starting with military industry and handheld engine.

Use of Proceeds

If we raise: $100,000

97% will cover general operations until potential follow-on financing, which may include government contracts, and a Series A equity investment is obtained. The company will continue technical development, including durability development, emissions measurements, and work to support, initialize, and procure government and partner programs. 3% Wefunder Intermediary fee

If we raise: $1,070,000

In addition to above, this funding will cover general operations until potential follow-on financing, which may include government contracts, and a Series A equity investment is obtained. The company will continue technical development, including durability development, emissions measurements, and work to support, initialize, and procure government and partner programs. 3% Wefunder Intermediary fee

Management Team / Advisory Board Bios

Alexander Shkolnik
CEO
Entrepreneur, R&D technology developer/program manager, and technical specialist, with experience in applying his knowledge to living neuronal networks to robots to internal combustion engines.

Nikolay Shkolnik
CTO
Ph.D., Physics, General Relativity. Winner of Motorola Award for Creativity. Former clean energy program manager and TRIZ specialist, at GEN3 Partners.

Deal Notes

Custom Convertible Note

$35Mvaluation cap

4%interest

$25K+voting & pro rata right threshold

A Convertible Note is debt that converts to equity. If you invest, you're betting the company will be worth more than $35M in the future.

Amount Raised : $794,046
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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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