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

 

Massively successful equity crowdfunder for Tech Startup

Massively successful equity crowdfunder for Kiwi Tech Startup

AUCKLAND – 29 October 2016 –The Module Project equity crowdfunding round has been a resounding success. New Zealanders have voted with their wallets. Module has seen their alphacrowd.co.nz campaign reach over 300% of its target with a few days still to run. That is over $150,000 of committed investment, 3 times their original target.

This funding allows Module to move forward with building longer lasting, user upgradable technology products. The first of these products is Decibel. A short video on Decibel is available here.


(Image: Decibel wireless speaker concept design)

Decibel is a departure from current technology products. It is engineered for longevity – it is durable, modular, user upgradeable, customisable and recyclable. “Decibel, our first product, is the first step toward repairing the problem with current, large technology brands. They sell consumers replacement devices by heavily promoting incremental upgrades and by making sure their current device has a limited viable lifecycle,” said Ketzal Sterling, Managing Director, Module. “This is wasteful of both resources and energy. It shows complete disregard for both their customers and the environment.”
“Module aims to change how we as consumers interact with consumer technology. Module is a company with the sole purpose of designing and manufacturing the longest lasting technology products ever created.”

“Module will dramatically increase the lifespan of technology products. And our first product Decibel is designed to last a lifetime, a demonstration of that commitment. The positive environmental implications of this ethos are monumental. The benefits to consumers are unequivocal,” added Sterling.

Module is offering 1.2 million shares, approximately 10% of the company for a maximum funding raise of $250,000. Each $1,000 investment will give investors 4,800 shares.

The regulated offer, which closes on the 5th October at 5pm, is being made through AlphaCrowd's equity crowdfunding platform and can be found here.

ENDS

For more information please visit www.themoduleproject.com

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Air New Zealand: Capital Raise Deferred

Air New Zealand has decided to defer its planned capital raise to later in 2021 allowing more time to assess the impacts of recent developments on the airline’s path to recovery. 'We’ve seen some clearing of COVID-19 clouds recently, with ... More>>

Commerce Commission: Cartel Conduct Now Punishable By Up To 7 Years’ Jail Time

Cartel conduct can now be punished with a term of imprisonment of up to 7 years, after the Commerce (Criminalisation of Cartels) Amendment Act 2019 came into effect today. Cartel conduct includes price fixing, market allocation and bid rigging (see ... More>>

Stats NZ: Auckland Population May Hit 2 Million In Early 2030s

Auckland’s population may rise from about 1.7 million currently to 2 million by early next decade, Stats NZ said today. “Auckland will likely have the highest average annual growth of New Zealand’s 16 regions over the next 30 years, from ... More>>

Air New Zealand: Business Travellers Return To The Skies In Record Numbers

After a year of talking to a computer, Kiwis are leaving the office to re-connect with their clients, suppliers, and staff. New figures released by Air New Zealand show domestic business and corporate travel has defied global trends by returning ... More>>

PwC: Outcome Of Review Into Air New Zealand Gas Turbines Business

Air New Zealand has received the report into its Gas Turbines business from independent external advisers PwC. Air New Zealand Chairman Dame Therese Walsh says the report identified a range of effective controls in the Gas Turbines revenue contracting ... More>>

LPG Association: Renewable LPG Achieves Emissions Budgets With No Need To Ban New LPG Connections

Renewable LPG can supply New Zealand’s LPG needs and achieve the emissions reductions proposed by the Climate Commission without the need to ban new connections, a new study shows. The investigation, by leading consultancy Worley, was prepared for the ... More>>

Commerce: House Values Continue To Climb As New Government Measures Announced

The Government’s new initiatives to quell the rocketing housing market were announced last week, just as house prices hit a new high for the end of March. The average value increased 7.8% nationally over the past three-month period, up from the 6.8% ... More>>