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Security Type
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CAFES
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Categories
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Technology, Sustainability, Social Impact, Financial Services, Community & Lifestyle
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Min Investment
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$100
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Expected Close Date
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April 30, 2023
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Target Raise
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$50.00K-$250.00K
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No. Investors
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154
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Security Price
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$1
- Number of Employees
- 3
- Cash
- $171,766
- Revenue
- $0
- Short Term Debt
- $0
- Cost of Goods
- $0
- Long Term Debt
- $0
- Net Income
- $-38,734
Company Description
$200K previous investment (F&F round; 80% left). $250K crowdfund-match agreement π°π°
US DOE Award of $150K received for simulation effort (TEAMER). More expected in 2022 π¬π¬
Tackling multi-directional seas with World leading magnetic motion rectifier designs βοΈπ§²
Fresh perspectives (Aero Engineers) + industry experts to allow for relevant innovations βοΈ
Low costs in the American Midwestπ½ U of Iowa has world class hydrodynamics labs π
No pre-revenue executive salaries for first 5 years. You are funding R&D, and nothing else! π«πΈ
Global network of manufacturers, legal counsels and freelance workers π
Accepted into Newchip Accelerator ππ
Key Deal Facts
$200K previous investment (F&F round; 80% left). $250K crowdfund-match agreement π°π°
US DOE Award of $150K received for simulation effort (TEAMER). More expected in 2022 π¬π¬
Tackling multi-directional seas with World leading magnetic motion rectifier designs βοΈπ§²
Fresh perspectives (Aero Engineers) + industry experts to allow for relevant innovations βοΈ
Low costs in the American Midwestπ½ U of Iowa has world class hydrodynamics labs π
No pre-revenue executive salaries for first 5 years. You are funding R&D, and nothing else! π«πΈ
Global network of manufacturers, legal counsels and freelance workers π
Accepted into Newchip Accelerator ππ
Management Team / Advisory Board Bios
Narayan Iyer Founder and CEOFormer Aerospace Systems Engineer at Rockwell Collins for 5 years. Worked as a Product Owner, Systems Lead, Test Lead
on NASA X59 / Airbus projects.
B.S. from Purdue University for Aeronautical and Astronautical Engineering and Private Pilot., Brady Kakert Prototype and Test EngineerME at the University of Iowa (Tailored Focus in Robotics/Automation and Energy/Environment)
Mech Team Lead - Hyperloop at Iowa
President - American Wind Energy Association (UI Chapter).
Former Undergraduate Research Assistant - University of Iowa, Ranganathan TA CFO and Regional Director - AsiaFormer CEO/Founder of an Energy Company - Now Sold (exit). Owned a trading brokerage company, Salt and Commodities. Former Chartered Accountant, Jian Tan PhD InternPhD Candidate at Delft University of Technology, Pulkit Parolia Engineering and Strategic AdvisorEngineering Program Manager at Apple, Commercial Pilot, Purdue SGT Outstanding Senior, Summa Cum Laude (Highest Distinction), Mina Iyer Marketing AdvisorSales Executive at Lutron
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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.