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Two oversubscribed StartEngine campaigns with Reg CF. Recently named one of America's top 10 most fundable companies
Our small wind turbines increase productivity by 20-50% when positioned close together
Strong IP portfolio with multiple patents granted and pending in multiple countries
What does it mean to be one of America's most fundable companies? Pepperdine University Business School picked 20 out of 4500 companies as the Most Fundable Companies in America after an intensive review of the people, financials, and business plan, followed by interviews and background checks. After that, the public was asked to vote for their favorites, and Flower Turbines was in the top 3.
They picked companies using the criteria a venture capitalist would use to evaluate an investment. Here is a link to the site and here is an explanation of what it means from a venture capital point of view.
We believe this Reg A round of fundraising will accelerate our sales and growth so that we can achieve that prediction.
The Problem
We believe there are two major problems preventing the small wind sector from heading toward the trillion-dollar mark.
Typically, low noise and high efficiency do not go together as most small wind solutions have to compromise on one of these two fronts. As a result, this makes them unusable for most areas where people live and work.
Additionally, there can be problems including the safety of birds, physical appearance, and cost-effectiveness. The aerodynamic interference of one turbine with another means they have to be widely spread, resulting in lower cost-effectiveness in settings where most people live and work.
Until now, in our view, smaller wind turbines have not provided a viable solution.
Another global problem: The growth of e-bikes is limited by the charging infrastructure.
The Solution
Flower Turbines has addressed the problems of the past with technology improvements. The turbines have less turbulence, more efficiency, and work together in a way that no one thought vertical axis drag-type turbines could. We are also disrupting the market by combining them with a beautiful design that makes people proud to own them.
In the illustration below, red is the highest velocity, blue is lowest, the wind comes from the left, and this is a horizontal slice through the middle of the turbine with the shaft in the middle. Note that as the wind enters the turbine and reverses direction in order to hit the second blade as well (call it two for the price of one!), the illustration reaches “red” speed in the middle. The higher the effective speed when the wind hits the blades, the more energy the turbine produces. The red area of increased speed to the side of the turbine shows why the cluster effect works.
This is a huge advantage for Flower Turbines in places where space is limited—close to people, buildings, and parking lots. And it accompanies solar beautifully, because using both together means energy during more of a daily and seasonal cycle, thereby saving on costly battery storage.
*This image is an example of one of our models.
We have an additional product line of on and off-grid e-bike chargers, some of which are powered by our wind turbines.
The Market
The expected revenue from the small turbine sector is projected to reach $400M in 2024, growing 42.5% in just five years. This level of growth is expected without factoring in the effect of our product entering the mass market.
The market report states the following:
"The global Small Wind Turbines market size is expected to gain market growth in the forecast period of 2020 to 2025, with a CAGR of 17.4%% in the forecast period of 2020 to 2025 and will expect to reach USD 316.7 million by 2025, from USD 166.6 million in 2019." Flower Turbines is clearly in a high growth market and has the opportunity to increase the size of that market and its growth rate by specifically targeting the underserved markets of the location close to people and close to or on buildings because of the combination of quiet and efficiency.
We believe our technological improvements to small wind will eliminate some of the past barriers in the industry, allowing us to contribute to further market growth. With these changes, we think that small wind can grow on a similar trajectory as solar.
Additionally, Solar PV experienced large growth while being in the public domain. But only Flower Turbines can produce a Tulip thanks to our Intellectual Property.
Bloomberg predicts that wind and solar will power half the world's grid by 2050 and receive $9 trillion of investment. We hope Flower Turbines will be part of that. Additionally, Flower Turbines has entered the exciting market of electric charging, one of the top trends in cleantech.
Our Traction
In our decade of development, we have had success in pitching our design and product to investors and accelerators all over — we were one of the 3% chosen to participate in Dreamit Venture's first Urbantech Accelerator, we were among the winners of the US-China Innovation Forum contest, were chosen by PortXL Rotterdam as one of the 20 companies out of 1000 for investment and we won the 2019 Energy Award in the Netherlands.
We have demonstrated the successful execution of the benefits of our ‘cluster effect’ and recently started the manufacturing. In addition to this, our achievements speak for the power of our technology.
Won an innovation loan from Rabobank, a vote of confidence from a top bank in Europe
Acquired and developed a product line of wind-powered electric bike charging stations
Set up a manufacturing supply chain close to our entry market for the EU
Won a national competition in the Netherlands, whereby a city is paid to buy one of our turbines
Chosen as one of the top 45 inventions in the history of Israel (the technology was developed there before incorporation in the US)
Set up our own small wind tunnel and research facility in Rotterdam
Won contracts and a tender in the Netherlands.
The charging station market depends on sales of electric bicycles and scooters. A recent report from Deloitte estimates that 300 million electric bikes will be on the world's roads by 2023, which is 50% more than in 2019.
With more sales in process, we are also planning manufacturing and development in the US. As of September 2020, we have signed a contract for the development of our own brand of motors and we are also developing our own brand of charge controllers. These initiatives will result in components that fit our demands exactly and lead to lower costs.
What We Do
The last round of funding enabled us to develop our team and high-quality supply chain in the EU, with mostly Dutch manufacturing. With this next round of funding, we’ll be concentrating on expansion particularly in the NorthEast region of the US, and manufacturing in the Midwest.
We also believe in our part in saving the planet by creating technological improvements that will make our products useful choices. Our goal is to provide 5% of electric power in most major markets within 20 years. If we can achieve mass production through this next funding round, we will try to achieve a growth trajectory similar to that of solar.
*Images are computer generated demo versions.
The Business Model
Our technology enables a new model in small wind. The fact that we can cluster the turbines means a small wind farm sales model, which is cheaper for the customer. Now, a mall or school building can have 100 turbines on their roofs or in their parking lots—the same on a lesser scale with residences.
As Flower Turbines grows, it plans to sell not just turbines, but also electricity. We believe, from our own assessment, the US commercial market alone is a total potential market of $225 billion and the residential market is another total potential market of $50 billion.
We have also diversified our revenue generation through our electric bicycle charging product line. This enables us to sell products in non-windy areas and where the grid electric price is very low.
*Images are computer generated demo versions.
Flower Turbines is creating partnerships that will lead to new markets for our turbines. Here is one current proposed partnership using wind and solar together for greener transportation.
How We Are Different
An indication of the efficiency of our Flower Turbines is that they are able to begin generating electricity at a wind speed of just 1.2 m/s (industry standard is 3 m/s). This conclusion is based on testing data in a low wind environment.
If you were to place our turbines next to the average competitor with 3 m/s wind, the large model Tulip will already be producing 30 Watts of electricity as the competition is first beginning to rotate.
The carefully crafted design of the Tulip is so aerodynamically efficient, it is actually able to take the wind entering the turbine, reverse its direction, and point toward the second blade at a higher speed than the initial wind outside.
*This video contains images of a working demo model of our product.
The Vision
We believe in our part in saving the planet, not by asking for subsidies, but by creating technological improvements that will make our products useful choices. Our goal is to provide 5% of electric power in most major markets within 20 years. That is a significant goal and a significant impact on the planet.
Fulfilling our business plan requires an up-front investment, but we believe that the quality of our products and demand for more will result in potential growth once people become acquainted with first installations.
*Images are computer generated demo versions.
Our Team
Working under Dr. Farb is a team of project managers, professors, and engineers with decades of expertise in design, startups, wind energy, electronics, and sustainability.
Why Invest
Our first $1 million enabled Flower Turbines to expand patents and engineering and begin with manufacturing several sizes and versions, to expand its product line to the fast-growing segment of electric vehicle charging, and to develop a critical team mass in the European market. The second funding round allowed us to move into an upward sales trajectory and work on manufacturing. This third funding round is aimed to move us into profitable operations and develop a critical mass in the US market as we did in Europe.
video
One of the advantages of investing in Flower Turbines is a strong protective portfolio in multiple countries. All is owned, assigned, or licensed to Flower Turbines.
PATENTS WITH PCT NUMBERS
IB10/052334
Title: 2-Bladed Vertical Axis Turbines
EU: 10780138.3, granted, entered in:
- Switzerland/Liechtenstein
- Germany
- France
- Great Britain
- Ireland
- Italy
Australia: 2010252559, granted as 2010252559
India: 9614/CHENP/2011, granted.
US: 13/322,578, granted as 9,255,567
Israel: 216596, granted as 216596
Canada: granted as 2,800,765
IB2012/053567
Title: VARIABLE DIAMETER AND ANGLE VERTICAL AXIS TURBINE
US: 14/232,629, granted as US20140167414
China: 201280034861.0, granted as CN103649530B
Japan: 2014-519681
IL2015/050537
Title: Vertical Axis Turbine Clustering
US: 15/310,770, granted as 10330086
EU: 15796413.1
China: 201580026019.6, granted as 2019052700130810
Brazil: 112016026981-0
IL2017/050969
Title: ROOFTOP WIND TURBINE FLOW IMPROVEMENTS
US: 16324720
China: 201780055226.3
PCT IL2019/051172
Title: Savonius Wind Turbine Ratios, not yet in national phase in PCT countries
In national phase in Argentina: P190103382
US Provisional Patent 63023969
Vertical Axis Wind Turbine Blade Connections
More Patents in Planning Stage
TRADEMARKS
Flower Turbines: US serial number: 86328894, EU: 018027912
Turquoise/green flower turbines logo—granted in US, Serial #number 86329027, in EU: granted as 018028119
Flower Power, US serial number: 86349230, granted
Bitulip: U.S. serial number: 86349235, granted
Tritulip: U.S. serial number: 86349236), granted
Tulip Power: EU: 018180058, US: 88773467
Wind Tulip: EU, 018028120, granted
Charge To Go: US, 88800033, granted
COPYRIGHTS
All small vertical axis wind turbine components of “Eco-Art”, granted with registration number VAu-1-311-252
Metallic Tulip straight middle, curved outer edge, granted with registration number VAu 1-377-424
Vertically symmetrical Tulip Turbine, granted with registration number VAu 1-377-423
Rounded Nubbin on Wind Turbines, 1-8817985821
AN OFFERING STATEMENT REGARDING THIS OFFERING HAS BEEN FILED WITH THE SEC. THE SEC HAS QUALIFIED THAT OFFERING STATEMENT, WHICH ONLY MEANS THAT THE COMPANY MAY MAKE SALES OF THE SECURITIES DESCRIBED BY THE OFFERING STATEMENT. IT DOES NOT MEAN THAT THE SEC HAS APPROVED, PASSED UPON THE MERITS OR PASSED UPON THE ACCURACY OR COMPLETENESS OF THE INFORMATION IN THE OFFERING STATEMENT.
THE OFFERING CIRCULAR THAT IS PART OF THAT OFFERING STATEMENT CAN BE FOUND HERE.
THE OFFERING MATERIALS MAY CONTAIN FORWARD-LOOKING STATEMENTS AND INFORMATION RELATING TO, AMONG OTHER THINGS, THE COMPANY, ITS BUSINESS PLAN AND STRATEGY, AND ITS INDUSTRY. THESE FORWARD-LOOKING STATEMENTS ARE BASED ON THE BELIEFS OF, ASSUMPTIONS MADE BY, AND INFORMATION CURRENTLY AVAILABLE TO THE COMPANY’S MANAGEMENT. WHEN USED IN THE OFFERING MATERIALS, THE WORDS “ESTIMATE,” “PROJECT,” “BELIEVE,” “ANTICIPATE,” “INTEND,” “EXPECT” AND SIMILAR EXPRESSIONS ARE INTENDED TO IDENTIFY FORWARD-LOOKING STATEMENTS, WHICH CONSTITUTE FORWARD LOOKING STATEMENTS. THESE STATEMENTS REFLECT MANAGEMENT’S CURRENT VIEWS WITH RESPECT TO FUTURE EVENTS AND ARE SUBJECT TO RISKS AND UNCERTAINTIES THAT COULD CAUSE THE COMPANY’S ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE CONTAINED IN THE FORWARD-LOOKING STATEMENTS. INVESTORS ARE CAUTIONED NOT TO PLACE UNDUE RELIANCE ON THESE FORWARD-LOOKING STATEMENTS, WHICH SPEAK ONLY AS OF THE DATE ON WHICH THEY ARE MADE. THE COMPANY DOES NOT UNDERTAKE ANY OBLIGATION TO REVISE OR UPDATE THESE FORWARD-LOOKING STATEMENTS TO REFLECT EVENTS OR CIRCUMSTANCES AFTER SUCH DATE OR TO REFLECT THE OCCURRENCE OF UNANTICIPATED EVENTS.
Devin Thorpe of Good Crowd and Your Mark on the World Show interviews Dr. Daniel Farb about small wind turbines:
See company 10, a company that led to Flower Turbines.
Pepperdine Graziadio Business School Reveals 3rd Annual List of Most Fundable Companies®
Here is a link to a video of our wind turbines on one of our e-bike charging stations. https://vimeo.com/516976674
Flower Turbines was accepted into the international startup organization Startup Grind and the World Alliance of Efficient Solutions, run by the Solar Impulse Foundation.
We would like to introduce you to two new employees at the EU office. One replaces Bharat Srinivas.
Manolis Serdakis-Tsioukanis is a mechanical engineer who loves sustainable energy and hopes to see our products in his native Greece.
Joris Feijen is a graduate of the Technical University of Delft with multiple skills in mechatronics, aerospace, and system engineering.
Here is a photo of the combined wind/solar chargers after installation.
With all the interest in large wind turbines in Texas freezing, we thought you would enjoy a recent video montage of our turbines in different locations in a snowstorm: https://vimeo.com/513281831
Here is a picture of one of our solar e-bike charging poles installed in Portugal.
February 3, 2021: Arno Bonte, the council director on sustainability and energy transition from the municipality of Rotterdam, virtually toured Flower Turbines' EU offices at RDM Innovation Dock. Mr. Bonte and his colleagues wanted to see at first hand the developments at Flower Turbines, under the guidance of EU Director Roy Osinga. We discussed our shared vision in the energy transition, sustainable mobility, and the Smart Energy Systems program (SES). As part of of this SES program, Flower Turbines (with support of the city) will install a 6-meter-high turbine in the port of Rotterdam. To be continued ...
Here is a link to the recording: https://us02web.zoom.us/rec/share/F8CdDZ7QmxpKL0ZoVLTnMVEupx7KimGIsVkZ7g8eLclfmTtXtQQ6bhIXrayWOyM.aE2TBf8VMiIYEuQg
This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment.
Flower Turbine’s patent on the ratios of the different parts of our Wind Tulip turbines recently received an acceptance of novelty and inventive step under the Patent Cooperation Treaty in the “International Preliminary Report on Patentability”. This patent is an important basis for our creating more efficient and simultaneously quiet turbines; the concept is that certain blade relationships, air spaces, tip speed ratios, etc., when correctly combined, make its category of turbine substantially more efficient than it was before. This is what we were waiting for before submitting the patent for national phase in important countries or groups of countries throughout the world. (The patent was already submitted in Argentina, which is a large country not a member of the Patent Cooperation Treaty.)
The port of Rotterdam is committed to combating climate change and wants to play an important role in the global energy transition. Therefore they pay attention to sustainable entrepreneurs.
Flower Turbines was selected as one of these sustainable entrepreneurs. We walked the green carpet at the Rotterdam Drydock Company (RDM) and inspired the audience about the global potential of our small Wind Turbines.
To see the video and read the interview, see link: Global rise of small wind turbines from the port of Rotterdam | Port of Rotterdam
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