Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Powerhouse Wind raises over half a million

Powerhouse Wind raises over half a million

Dunedin-based clean tech startup Powerhouse Wind yesterday closed its equity crowdfunding campaign on PledgeMe reaching $140,000 over its goal.


Powerhouse Wind raised a total of $542,051, selling 19.4% of the company to 120 investors.


Bill Currie, Powerhouse Wind’s director, said he was happy with the successful raise.


“We are delighted to have both the opportunity to make a difference in the future of local renewable energy, and the support and endorsement of such a large group of investors,” Mr Currie said.


“We are also keenly feeling the responsibility to make the most of the opportunity to validate that support and trust.”


Mr Currie said there were many factors for Powerhouse Wind’s success.


“First and foremost of course are the investors making their decisions to support our new and innovative product.


“In the short term, PledgeMe made a great job of guiding and supporting the campaign and working primarily with Tim to ensure that the communications were full and accurate.


“And over the long term, I think the fact that we have a product and technology with a lot of development in place, and turbines in use was very positive.”


PledgeMe CEO Anna Guenther said Powerhouse Wind was an example of a changing market.


“It’s amazing to see 120 investors from all over New Zealand get behind a company in such a high growth space,” Ms Guenther said.


“Equity crowdfunding means anyone can get behind awesome ideas like Powerhouse Wind’s Thin Air 2.0.


“Successes like this on PledgeMe show how things are changing in not only how we power our lives but how we fund the things we care about.”


For more information on Powerhouse Wind’s raise visit their campaign page https://www.pledgeme.co.nz/investments/114-powerhouse-wind-limited


Visit Powerhouse Wind’s website http://www.powerhousewind.co.nz/


To learn more about equity crowdfunding visit https://www.pledgeme.co.nz/about/equity


ENDS

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Forest And Bird: Misinformation Circulating On Biodiversity Policy

Forest & Bird is concerned at misinformation circulating regarding a policy statement aimed at protecting New Zealand’s unique biodiversity. The National Policy Statement for Indigenous Biodiversity is being consulted on by the ... More>>

ALSO:

NIWA: Scientists Say Methane Emitted By Humans ‘vastly Underestimated’

NIWA researchers have helped unlock information trapped in ancient air samples from Greenland and Antarctica that shows the amount of methane humans are emitting into the atmosphere from fossil fuels has been vastly underestimated... More>>

ALSO:

SMC Expert Reaction: Record Dry Spells And Effects On Forests

With no rain forecast before Sunday, Auckland is about to break a record for the city's longest dry spell. Niwa says Auckland is likely to hit 40 consecutive days without rain this weekend . The upper North Island is seeing severe meterological ... More>>

ALSO:



Reserve Bank: Official Cash Rate Remains At 1.0 Percent

The Monetary Policy Committee has decided to keep the Official Cash Rate (OCR) at 1.0 percent. Employment is at or slightly above its maximum sustainable level while consumer price inflation is close to the 2 percent mid-point of our target range. ... More>>

ALSO:

Science Media Centre: Novel Coronavirus Detected In China – Expert Reaction

The virus was detected after more than 40 people were hospitalised with pneumonia in Wuhan City, China and the outbreak traced to a large animal and seafood market. The Centers for Disease Control and Prevention reports that person-to-person transmission ... More>>

ALSO:

NZ First: Launch Of Parliament Petition To Remove Aluminium Dross

This afternoon to a crowd of over 100 people in Mataura -- Mark Patterson, New Zealand First List MP based in Clutha-Southland launched a parliamentary petition regarding the aluminium dross issue in Mataura, Southland. The petition asks that the House ... More>>

ALSO: