The Magnuss Corp. offering is now closed and is no longer accepting investments.

Magnuss Corp.

Maritime Shipping Clean Technology

Magnuss Corp.

Maritime Shipping Clean Technology

Westport, CT
Environment
Technology
Magnuss is a maritime technology and project development firm that provides a wind-based propulsion system for global shipping to reduce fuel consumption and emissions. The system is a hi-tech sail called the Magnuss VOSS or Vertically-variable Ocean Sail System, an example of a modern technology that offers remarkable fuel savings at a time when minimizing costs, reducing fossil fuel use, and complying with current and future legislation are crucial. Magnuss Corp. is currently in the pre-revenue stage of development.

$197,835

raised
129
Investors
$27.1M
Valuation
$20.00
Price per Share
$240.00
Min. Investment
Common
Shares Offered
Equity
Offering Type
$1.07M
Offering Max
0
Days Left

$197,835

raised
129
Investors
$27.1M
Valuation
$20.00
Price per Share
$240.00
Min. Investment
Common
Shares Offered
Equity
Offering Type
$1.07M
Offering Max
0
Days Left
This offering ended on August 02, 2022 and is no longer accepting investments.

Reasons to Invest

Global Impact – large, scalable, retrofit ready, and with 50,000 ships transporting 90% of the world’s goods, any improvement represents a global investment opportunity
Competitive Edge – innovative tech, patented internationally, retractable design, class-approved, fits industry infrastructure, meets customer demand, complies with regulations
Environmental and Economic Benefits – delivers double bottom line benefit, creating financial value by reducing fuel consumption and harmful greenhouse gas emissions

Maritime shipping represents an investment opportunity with global impact

International shipping transports 90% of all goods, vital for world trade and the economy. Without it, the bulk transportation of raw materials and the import/export of food and goods would not be possible. The shipping industry has reached a substantial tipping point regarding energy consumption. Fuel costs consume a meaningful fraction of the industry’s revenue. And while the lifeblood of the global economy, shipping is a significant source of air pollution. So, there is an economic and environmental problem to be solved. 


*Rendering of Magnuss VOSS. Images are computer-generated demo versions. The product is currently under development.

THE PROBLEM


Shipping is costly and takes a major toll on the environment

With high fuel costs, and air pollution under ever-increasing scrutiny and regulation, the shipping industry faces economic and environmental challenges:


  • Economic - costly fuel represents a high percentage of bulk cargo shipping expense.
  • Environmental - the shipping industry is among the highest CO2 emitters worldwide, ranking sixth on a list of nations, between Germany and Japan.  Today, shipping is responsible for one billion tons of CO2 per year; that’s more carbon annually than is produced by all the cars in the US. 


The recognized threat that these emissions have for the planet will thus increase an already significant fuel cost.



THE SOLUTION


Harness the wind to power ships – thereby increasing fuel economy and reducing harmful CO2 emissions 

At Magnuss, we have developed and patented a solution that increases fuel economy and reduces harmful emissions, by harnessing the wind. This addresses major problems facing the global shipping industry in terms of energy consumption and environmental impact. The idea is to augment ship propulsion with sails and supplement a ship’s installed engine power with a wind-based propulsion system, to deliver three benefits: 


  • predictable, repeatable, industry acknowledged fuel savings up to 50% for an industry breaking its back to save 2-4%, 
  • a substantial and differentiated means to reduce carbon emissions in the face of tightening regulations, and 
  • an industry and class-approved design that meets the needs of today’s global oceanic shipping industry.

Our solution aims to dramatically reduce a ship’s fuel consumption and carbon footprint, predicated on a proven technology, re-engineered to fit today’s global shipping infrastructure.


*Rendering of Magnuss VOSS. Images are computer-generated demo versions. The product is currently under development.


WHAT WE DO


Game-changing tech, delivering wind power to the world’s shipping fleet 

Inspired by past ingenuity, Magnuss re-imagined sail technology, called the Flettner rotor, first sea-trialed in the 1920’s by aviation engineer Anton Flettner. At Magnuss, we improved the Flettner rotor design by making it transformable. Introducing the Magnuss VOSS or Vertically-variable Ocean Sail System, a wind-based propulsion system embedded in a cargo ship as a retrofit.


The Magnuss VOSS, is the cutting-edge mechanical sail that can be installed in new and existing vessels with the potential to slash fuel consumption and emissions in half. The Magnuss VOSS augments a ship’s installed engine power with a propulsion system that converts wind into forward thrust. Its game-changing innovation is retractability—allowing the sail to be stowed below deck and free up port operations. 


At scale, the VOSS design will be a 100-foot tall spinning, hollow, metal cylinder that propels a ship using the principle of physics called the Magnus effect, which is quite common. It’s the reason a spinning ball curves in mid-air. The Magnus effect is a force produced perpendicular to the wind direction when an axially-symmetric, rotating object is placed in a wind stream. It is worth noting that the VOSS does not create electricity (it is not a wind turbine). It creates thrust. Ideally, four to six VOSS units will be deployed aboard the biggest ships in the world to reduce a ship’s fuel consumption and carbon footprint.


*Rendering of Magnuss VOSS. Images are computer-generated demo versions. The product is currently under development.


HOW WE ARE DIFFERENT


Retractability is key

The competitive landscape is lean. Several firms exploring soft sails, rigid sails and kites are inferior to the Flettner rotor-based systems, such as the VOSS, because they exhibit a lower lift coefficient and a higher cost per pound of thrust. A few competitive sail systems have emerged while falling short of delivering a robust high-quality product applicable for modern shipping. 

The Magnuss VOSS stands above conventional vertically-fixed, Flettner-based systems in its innovative, patented design features. The key innovation and chief competitive advantage of the Magnuss VOSS is retractability. It can be fully retracted and stowed below deck, out of the way (different from all other current and past fixed Flettner rotor designs). This signature feature is important, especially for dry bulk carriers, when loading/unloading in port and for reducing drag in unsuitable conditions at sea.

*Rendering of Magnuss VOSS. Images are computer-generated demo versions. The product is currently under development.

THE MARKET


The market opportunity is large, leading to meaningful economic and environmental benefits

Global shipping has roughly 55,000 ships, which comprise today’s merchant world fleet. More than three-quarters of these ships are cargo ships, tankers, and dry bulk carriers - the total addressable market for Magnuss. Our initial target market is the dry bulk carrier sector comprising 12,258 ships, which are ideally suited for the Magnuss VOSS design. Of these ships, we are focused first on the largest, gearless bulk carriers which typically carry grain and iron ore. From this sector alone, the financial value created annually by reducing fuel consumption and harmful emissions is meaningful.


(Source) The above data is from varying sources including the UN Maritime Transport Review report, and Statista Research.

OUR TRACTION


Magnuss now preparing to cut steel on a full-scale project for dry bulk carriers 

After nearly a decade of extensive investment in design, certification, patents, and customer validation, and drawing on shipping operational and technical expertise and support, Magnuss is ready to expand! Patented across 16 countries, the Magnuss VOSS is approved by Lloyd’s Register, the UK classification society, meaning the design meets the highest standard for quality in global shipping. We have a full- scale ship deployment plan in place, through our joint industry work with ship owners, charterers and shipyards. And our savings and performance analytics have been verified by Lloyd’s Register in its newly released 2021 Report. Today, Magnuss is seeking capital as it continues in collaboration with industry partners, spanning the next 12-18 months to develop one of the largest ever, wind-based propulsion projects and unlock customer demand for more fuel-efficient dry bulk shipping. 




THE BUSINESS MODEL


Direct sales and multiple revenue streams to provide ample reach within our industry 

Our business model is direct sales to customers and employs several distribution channels. Revenues are generated from selling / financing VOSS units and driven by ship deployments. The Magnuss VOSS units are sold directly to shipowners or may be deployed with 3rd party financing. We provide our customers with value by reducing the need for fuel to propel the vessel and helping them meet the demands of increasing environmental legislation. And our contract manufacturing approach affords capital efficiency, high free cash flow, low-cost production, low overhead and limited inventory. 


A unique element of the Magnuss go-to-market strategy is its Save As You Sail project finance model. To scale the business, Magnuss can leverage project finance, fully supported by a share of the savings to accelerate deployment at no cost to the ship owner. 

a global impact


Worldwide shipping moving aggressively to prepare for future regulations and a cleaner way to ship

Measures that make shipping economically efficient and environmentally friendly are attracting a lot of attention. Leading industrials and global shipping firms need not be convinced that managing fuel requirements directly result in improved financial performance and reduced regulatory risk. The Sustainable Shipping Initiative (SSI) is a multi-stakeholder collective working to accelerate sustainable development in the shipping industry through cross-sectoral collaboration. SSI members selected Magnuss for a case study resulting in a favorable review. 



The past two years have marked a turning point, where an increasing emphasis on combating climate change led to an elevated focus on sustainable solutions among the players in commercial maritime shipping. At a macro level, the industry and the regulators committed to more sustainable practices. Meanwhile, at a micro level, individual organizations answered the bell to curb harmful greenhouse gas emissions. Specifically, ship owners and charterers moved aggressively to prepare for future regulations, support sustainable operations, and manage the environmental impact of their fleets. The main driver continues to be evolving regulation.


The Global Maritime Forum unveiled in 2020 a set of working principles on behalf of charterers that reflect a bias to ships actively reducing their carbon footprint. Coupled with the Poseidon Principles, a self-governing climate alignment agreement amongst financial institutions, the Sea Cargo Charter demonstrates charterers’ commitment, alongside the banks' commitment, to reducing the shipping industry's carbon footprint.


In June, the International Maritime Organization adopted technical and operational measures to reduce the carbon intensity of international shipping, taking effect January 2023. With new regulations and customer driven carbon requirements on the horizon, the sector is set to become increasingly more sustainable. This is good news for emissions reduction technologies such as the Magnuss VOSS. 


THE VISION


Providing the number one solution to the shipping industry’s biggest challenges

Magnuss was established to address the major problems facing the global shipping industry, with a focus on energy consumption and environmental impact. Our goal at Magnuss is to transform the world’s cargo fleet into a more efficient, low cost, low polluting, means of ocean transport. We aim to lead the shipping industry in a more cost effective and sustainable direction, capturing a significant market share of today’s commercial fleet.


*Rendering of Magnuss VOSS. Images are computer-generated demo versions. The product is currently under development.


OUR LEADERSHIP


Seasoned, skilled and driven, our senior team has designed a trailblazing product

Bound by history and a singular vision, our senior team has worked together for decades, drawing on deep, hands-on expertise in maritime shipping, clean tech, renewable energy project development, finance, software development, and data analytics. CEO, co-founder and veteran executive, James Rhodes, holds an MBA from Columbia University, a BS in Electrical Engineering from Brown University and has 30+ years of experience in maritime shipping, renewable energy development, project finance, investment banking and management consulting. COO, co-founder and tech entrepreneur, Ted Shergalis, holds a BA from Harvard University and leverages expertise in shipping and early-stage, high-growth business development, software, analytics and operations. 




Magnuss is supported by a broad network - - experts from academia and industry. The board of directors and commercial advisors bring extensive experience to drive growth. Magnuss collaborates with industry participants such as ship owners, charterers, shipbuilders and financial institutions. Magnuss continues to forge ties with the strongest, most influential shipping organizations to ensure commercial success at scale.




WHY INVEST


Double bottom line benefit – creating economic and environmental value with global impact 

Ship owner/operators are laser-focused on eco efficiency ahead of tighter regulations. Magnuss is set to deliver a reliable, best-in-class technology and an investment opportunity with global impact. Our scalable business model is ready to meet immediate customer demand, delivering customers significant and quantifiable fuel savings affording a short payback period. Bottom line savings are meaningful, especially on a line item that represents a large fraction of a ship’s annual operating expense. In an industry facing increasing regulatory pressure, an important benefit of the VOSS is the degree to which it creates not only economic value, but also large-scale carbon emission reductions. 

Magnuss is providing the means for 100% renewable energy-based ocean transportation and charting a course to make global maritime shipping economically efficient and environmentally sustainable. Join us on this journey to bring wind power to the worlds shipping fleet. Invest in Magnuss today.


*Rendering of Magnuss VOSS. Images are computer-generated demo versions. The product is currently under development.

Insert Image

Offering Summary


Company

:

Magnuss Corp.

Corporate Address

:

580 Riverside Ave., #104, Westport, CT 06880

Offering Minimum

:

$10,000.00

Offering Maximum

:

$1,070,000.00

Minimum Investment Amount

(per investor)

:

$240.00











Terms


Offering Type

:

Equity

Security Name

:

Common Stock

Minimum Number of Shares Offered

:

500

Maximum Number of Shares Offered

:

53,500

Price per Share

:

$20.00

Pre-Money Valuation

:

$27,116,460.00











Voting Rights of Securities Sold in this Offering

Voting Proxy.

Each Subscriber shall appoint the Chief Executive Officer of the Company (the “CEO”), or his successor, as the Subscriber’s true and lawful proxy and attorney, with the power to act alone and with full power of substitution, to, consistent with this instrument and on behalf of the Subscriber, (i) vote all Securities, (ii) give and receive notices and communications, (iii) execute any instrument or document that the CEO determines is necessary or appropriate in the exercise of his authority under this instrument, and (iv) take all actions necessary or appropriate in the judgment of the CEO for the accomplishment of the foregoing. The proxy and power granted by the Subscriber pursuant to this Section are coupled with an interest. Such proxy and power will be irrevocable. The proxy and power, so long as the Subscriber is an individual, will survive the death, incompetency and disability of the Subscriber and, so long as the Subscriber is an entity, will survive the merger or reorganization of the Subscriber or any other entity holding the Securities. However, the Proxy will terminate upon the closing of a firm-commitment underwritten public offering pursuant to an effective registration statement under the Securities Act of 1933 covering the offer and sale of Common Stock or the effectiveness of a registration statement under the Securities Exchange Act of 1934 covering the Common Stock.

*Maximum Number of Shares Offered subject to adjustment for bonus shares. See Bonus info below.

Investment Incentives and Bonuses*

Time-Based Perks

Friends and Family

Invest in the first 72 hours and receive 15% Bonus Shares.

Super Early Bird

Invest within the first week and receive 10% Bonus Shares.

Early Bird Bonus

Invest within the first two weeks and receive 5% Bonus Shares.

Amount-Based Perks

Tier 1 | $5,000+

Invest $5,000+ and receive 5% Bonus Shares.

Tier 2 | $10,000+

Invest $10,000+ and receive 10% Bonus Shares.

Tier 3 | $20,000+

Invest $20,000+ and receive 20% Bonus Shares.

*All perks occur when the offering is completed.

The 10% StartEngine Owners' Bonus

Magnuss Corp. will offer 10% additional bonus shares for all investments that are committed by investors that are eligible for the StartEngine Crowdfunding Inc. OWNer's bonus.

This means eligible StartEngine shareholders will receive a 10% bonus for any shares they purchase in this offering. For example, if you buy 100 shares of Common Stock at $20.00 / share, you will receive and own 110 shares for $2,000.00. Fractional shares will not be distributed and share bonuses will be determined by rounding down to the nearest whole share.

This 10% Bonus is only valid during the investor's eligibility period. Investors eligible for this bonus will also have priority if they are on a waitlist to invest and the company surpasses its maximum funding goal. They will have the first opportunity to invest should room in the offering become available if prior investments are canceled or fail.

Investors will only receive a single bonus, which will be the highest bonus rate they are eligible for.

Insider Investment Notice

Officers, directors, executives, and existing owners with a controlling stake in the company (or their immediate family members) may make investments in this offering. Any such investments will be included in the raised amount reflected on the campaign page.

Irregular Use of Proceeds

The Company will not incur any irregular use of proceeds.

Show More
Most recent fiscal year-end:
Prior fiscal year-end:
Total Assets
$223,802.00 USD
$243,459.00 USD
Cash And Cash Equivalents
$13,675.00 USD
$55,147.00 USD
Accounts Receivable
$0.00 USD
$0.00 USD
Short Term Debt
$8,437.00 USD
$83,530.00 USD
Long Term Debt
$0.00 USD
$0.00 USD
Revenues And Sales
$0.00 USD
$0.00 USD
Costs Of Goods Sold
$0.00 USD
$0.00 USD
Taxes Paid
$0.00 USD
$0.00 USD
Net Income
-$94,569.00 USD
-$149,256.00 USD

Risks

A crowdfunding investment involves risk. You should not invest any funds in this offering unless you can afford to lose your entire investment. In making an investment decision, investors must rely on their own examination of the issuer and the terms of the offering, including the merits and risks involved. These securities have not been recommended or approved by any federal or state securities commission or regulatory authority. Furthermore, these authorities have not passed upon the accuracy or adequacy of this document. The U.S. Securities and Exchange Commission does not pass upon the merits of any securities offered or the terms of the offering, nor does it pass upon the accuracy or completeness of any offering document or literature. These securities are offered under an exemption from registration; however, the U.S. Securities and Exchange Commission has not made an independent determination that these securities are exempt from registration.


Updates

Thank you investors, followers and StartEngine.

2 months ago

Thank you to all who invested in Magnuss. We’re grateful for your support. And to our followers along with our StartEngine partners, we appreciate your engagement during the crowdfunding campaign. Keep in touch as we bring wind power to the world’s shipping fleet.


LAST CALL TO INVEST IN MAGNUSS!

2 months ago

FINAL HOURS TO INVEST IN MAGNUSS!

2 months ago

One day left to invest in Magnuss.

2 months ago

Invest in the company that’s geared to transform global shipping as we know it. Invest with Magnuss today! (www.startengine.com/magnuss).





 

Our campaign ends on Monday Aug 1st.

2 months ago

There is no better time to invest in Magnuss, the company that aims to slash harmful greenhouse gas emissions with its patented, innovative sail technology.  Join us and other investors on this journey to bring wind power to the world’s shipping fleet.  If you have not yet finished your investment, make sure to do so while there is still time.  Invest with Magnuss today! (www.startengine.com/magnuss).

Cash in on rewards in final days left to invest!

2 months ago

Invest in Magnuss today and support the rollout of the Magnuss VOSS (Vertically-variable Ocean Sail System), an example of a modern technology that offers remarkable fuel savings at a time when minimizing costs, reducing fossil fuel use and complying with regulations are crucial.  Only 6 days left to cash in on rewards.  Join us.

Make sure to invest while there is still time!

3 months ago

Thank you to all who have invested in our company so far! Welcome. We’re excited to grow the investor community.  With hard work, determination and persistence, Magnuss has achieved a great many milestones and we are excited about the future ahead. Today, we see the upside of past efforts buoyed by strong customer demand, carbon price signals and supportive regulations.  With just 8 days remaining, let’s make that final push together.  Please share our campaign with your friends and family (www.startengine.com/magnuss).

 

EU wants ETS to include shipping sector. Good sign for Magnuss!

3 months ago

EU Parliament wants to include shipping emissions in the EU ETS. “To incentivise industries to further reduce their emissions and invest in low-carbon technologies, the Emissions Trading System (EU ETS) should be reformed and its scope enlarged,” Members of the European Parliament said.  Learn more: https://www.offshore-energy.biz/eu-parliament-wants-to-include-shipping-emissions-in-the-eu-ets/.  This is good news for Magnuss and its Vertically-variable Ocean Sail System (VOSS) technology. Only 10 days left!  Invest in Magnuss today.

With new regulations, customers need low carbon shipping. Great news for Magnuss!

3 months ago

The shipping sector is increasingly more sustainable, with regulations and customer driven carbon requirements,  This is great news for Magnuss.  The IMO adopted measures to reduce the carbon intensity of international shipping, taking effect January 2023. The Global Maritime Forum unveiled a set of working principles on behalf of charterers that reflect a bias to ships actively reducing their carbon footprint. Coupled with the Poseidon Principles, a self-governing climate alignment agreement amongst financial institutions, the Sea Cargo Charter demonstrates charterers’ commitment, alongside the banks' commitment, to reducing the shipping industry's carbon footprint.  And Magnuss is well positioned meet customer demand.  Invest now and join us!  Only 12 days remain! Click to learn more: https://www.youtube.com/watch?v=DA85oHJqXzg


Only 13 days left! Invest today in the company that’s positioned to deliver a greener tomorrow.

3 months ago

Global shipping emits a billion tons of CO2 per year—more than is produced by all the cars in the US annually. We can solve this problem today by harnessing the power of wind. Wind-based propulsion systems are currently available. And proven to work. The Magnuss VOSS is the cutting-edge hi-tech sail that augments engine power to cut fuel consumption and emissions up to 50%.  Click to invest in the company that’s positioned to deliver a greener tomorrow. Don’t miss out. Only 13 days left. Invest in Magnuss today!



Tune in as IWSA’s “Listening to the Wind” showcases Magnuss COO Ted Shergalis. Find out what’s in store and what’s at stake for the shipping industry. Only 16 days left!

3 months ago

Watch the latest installment of “Listening to the Wind,” the International Windship Association (IWSA) interview series featuring its pioneering members in the world of wind propulsion.  This week, Ted Shergalis, COO and Co-founder of Magnuss, sits down with Gavin Allwright, IWSA Sec Gen, and shares his take on market developments, the drivers of adoption and the rollout of wind propulsion technologies going forward.  In a discussion spanning tech, finance and carbon offsets, learn how Magnuss uniquely meets the needs of global shipping at this critical time. Click below to view. And find out why there is no better time to invest in Magnuss.  Only 16 days to invest. Join us now!

 

Momentum is building for Magnuss as more investors come on board. Hear why from investors, in their own words.

3 months ago

As the closing date approaches, investors are supporting Magnuss and its vision:   

Comment author Mahmoud Kouchaji: “I invested in Magnuss because I think it's a great idea, seems simple and elegant enough for anyone to understand and buy into.” 

Comment author Iain Alexander: “… you have an excellent product that solves a clear problem and could make a real difference in cutting pollution from marine transport and also generate economic value irrespective of those unpriced externalities. I've invested and look forward to seeing this technology get widely adopted. I see you are also supported by Unreasonable Group, who have a good eye for transformative companies.”

Comment author Dhruv Mehta: “The idea looks great on paper and I would love to see this translate into a tangible product that solves real life problems.”

Join these and other investors. Deal closes at the end of July. Minimum investment is $240.  Invest in clean tech. Invest in a cleaner future. Invest in Magnuss today!  

Only 20 days left! Invest today.

3 months ago

Get in while you still can and make a positive change in the world.  Three reasons to invest in Magnuss: 

1) Global Impact – large, scalable, retrofit ready, and with 55,000 ships transporting 90% of the world’s goods, any improvement represents a global investment opportunity. 

2) Competitive Edge – innovative tech, patented internationally, retractable design, class-approved, fits industry infrastructure, meets customer demand, complies with regulations. 

3) Environmental and Economic Benefits – delivers double bottom line benefit, creating financial value by reducing fuel consumption and harmful greenhouse gas emissions.

Invest in Magnuss while there is still time!  If you have not yet finished your investment, make sure to do so today. And if you have invested, thanks for your support.

 

Straight talk from investors. Discover why this investor likes the opportunity and his rationale for supporting Magnuss.

3 months ago

Comment author Michael Helm writes – “For any potential investors reading comments and/or looking for additional leads for due diligence, I feel it's important to re-emphasize the fact that international legislation will soon place requirements for ocean freight shippers (some taking effect as soon as January 2023). For example, under international laws, all big vessels will be rated from A to E by how much carbon dioxide flows from their stacks for every mile traveled and ton carried. Even today, at the time of this writing, some ship owners are trying to find exemptions or ways around the legislation without success.

To make this clear: the policy trend is set. With increasing demand for transparent supply chains, these ratings will likely impact contract decisions and awards for shipping companies. And obviously, the Magnuss VOSS can help dry bulk carriers improve efficiency and obtain a competitive advantage. In other words, the Magnuss VOSS is a perfect example of a "triple bottom line" product and offers a solution for a win-win-win.

Finally, during the pandemic, shipping companies have seen record profits. They're flush with cash and will be looking to expand fleets or modernize/refit current assets. This presents another opportunity for Magnuss to strike while the iron is hot.

With this mentioned, I share in the vision. I like the product and patents. I think the timing is right. It's why I'm an investor in Magnuss.” – Michael Helm

Magnuss shares the secret about its robust business model that leverages a unique finance technique, fully supported by a share of the savings to scale ship installations at no cost to the ship owner.

3 months ago

Our business model is direct sales to customers and employs several distribution channels. Revenues are generated from selling / financing VOSS units and driven by ship deployments. To advance decarbonization of the global shipping fleet while aligning the interests of the ship owner, charterer and ship financier, Magnuss has created a proprietary, novel means of financing the deployments of the Magnuss VOSS, called Save As You Sail finance model.  Savings translate to propulsion payments (fee), which are made by the fuel payer (e.g. the charterer) as a function of the amount of thrust the VOSS produces and delivers to the ship. This approach allows ship owners to increase the value of their ships without any upfront investment, guarantees that charterers will pay no more (often less) than they’re currently paying for traditional carbon intensive bunkers and financiers can make a return on investment while supporting vessel and fleet decarbonization. Join a hundred other Magnuss investors, who support greening our world’s supply chain. Invest today. 

Notice of Material Change in Offering

4 months ago

[The following is an automated notice from the StartEngine team].

Hello! Recently, a change was made to the Magnuss Corp. offering. Here's an excerpt describing the specifics of the change:


Issuer is extending campaign end date.


When live offerings undergo changes like these on StartEngine, the SEC requires that certain investments be reconfirmed. If your investment requires reconfirmation, you will be contacted by StartEngine via email with further instructions.

Wind Support NYC features Magnuss. Listen in as Kat Bride of "Hoisting the Sail" podcast sits down to talk all things sustainable with Magnuss CEO James Rhodes.

4 months ago

Airing from its headquarters in the Brooklyn Navy Yard, "Hoisting the Sail" is brought to you by Wind Support NYC, established in 2020 to promote the innovators, companies and technologies on a quest to decarbonize maritime shipping.  Hear from today’s tech entrepreneurs and industry leaders.  In this episode, "Hoisting the Sail" features Magnuss CEO and Co-founder, James Rhodes.  Learn how Magnuss is tackling the pressing issues facing global shipping and gain insight into the innovative mechanisms Magnuss designed to help ship owners finance its groundbreaking wind-based propulsion system, the Magnuss VOSS.  Click here to listen in: https://windsupport.nyc/magnuss/

Magnuss is ready to expand and now preparing to cut steel on a full-scale project for dry bulk carriers

4 months ago

After extensive investment in design, certification, patents and customer validation, and drawing on shipping operational and technical expertise and support, Magnuss is ready to expand. Patented across 16 countries, the Magnuss VOSS is approved by Lloyd’s Register, the UK classification society, meaning the design meets the highest standard for quality in global shipping. We have a full- scale ship deployment plan in place, through our joint industry work with ship owners, charterers and shipyards. And our savings and performance analytics have been verified by Lloyd’s Register in its newly released 2021 Report. Today, Magnuss welcomes your participation as it continues in collaboration with industry partners to develop one of the largest ever, wind-based propulsion projects and unlock customer demand for more fuel-efficient dry bulk shipping.  If you have not yet finished your investment, make sure to do so.   Join us today.

The market opportunity that Magnuss is targeting is vast, therefore improvements lead to meaningful economic and environmental benefits.

4 months ago

The international shipping industry is the life blood of the global economy. Without shipping, intercontinental trade, the bulk transport of raw materials, and the import/export of affordable food and manufactured goods would simply not be possible.  There are roughly 55,000 merchant ships trading internationally, transporting every kind of cargo. The world fleet is registered in over 150 nations and manned by over a million seafarers of virtually every nationality. More than three-quarters of these ships are cargo ships, tankers, and dry bulk carriers - the total addressable market for Magnuss. Our initial target market is the dry bulk carrier sector comprising 12,258 ships, which are ideally suited for the Magnuss VOSS design. Of these ships, we are focused first on the largest, gearless bulk carriers which typically carry grain and iron ore. From this sector alone, the financial value and environmental benefit created annually by reducing fuel consumption and harmful emissions is substantial.  Join Magnuss on its journey to tackle important climate issues.  Invest today while there is still time.

Find out what separates Magnuss from the competition and the secret to their innovative design.

4 months ago

The competitive landscape is lean. Several firms exploring soft sails, rigid sails and kites are inferior to the Flettner rotor-based systems, such as the Magnuss VOSS (Vertically-variable Ocean Sail System), because they exhibit a lower lift coefficient and a higher cost per pound of thrust. A few competitive sail systems have emerged while falling short of delivering a robust high-quality product applicable for modern shipping. The Magnuss VOSS stands above conventional vertically-fixed, Flettner-based systems in its innovative, patented design features. The key innovation and chief competitive advantage of the Magnuss VOSS is retractability. It can be fully retracted and stowed below deck, out of the way (different from all other current and past fixed Flettner rotor designs). This signature feature is important, especially for dry bulk carriers, when loading/unloading in port and for reducing drag in unsuitable conditions at sea.  

Discover the power of the Magnus effect. Find out what baseball and tennis have in common with the Magnuss VOSS. How does it work?

4 months ago

At scale, the Magnuss VOSS design will be a 100-foot tall spinning, hollow, metal cylinder that propels a ship using the principle of physics called the Magnus effect, which was discovered in 1853 by Heinrich Magnus, a German physicist, who found that when a current of wind struck a rotating cylinder it exerted a force approximately at right angles to the direction of the wind. While intriguing, the Magnus effect is quite common. It’s the reason a spinning ball curves in mid-air. Artillery officers measured the amount of effect and made allowances for it when firing cross wind. Tennis players employ its power with topspin. Even baseball pitchers use the Magnus effect; their curve balls depend entirely on it.  And today, the Magnus effect is the motive force behind the innovative Magnuss VOSS and a means to decarbonize maritime shipping.

 

Future 360 tv spotlights Magnuss. Hear from the founders, their vision and where it all began.

4 months ago

Magnuss was established to address the major problems facing the global shipping industry, with a focus on fossil fuel consumption and environmental impact. Our solution is to augment ship propulsion with sails - - it’s a patented and class approved design of proven tech applied in a better way to meet the needs of global shipping today.  The result promises to reduce a ship’s fuel consumption and carbon footprint.  Our aim at Magnuss is to transform the world’s cargo fleet into a more efficient, cleaner, greener means of ocean transport. Learn from the founders, their vision and where it all began in this exclusive from Future 360. 





Magnuss re-imagined sail technology

4 months ago

Inspired by past ingenuity, Magnuss re-imagined sail technology, called the Flettner rotor (pictured here), first sea-trialed in the 1920’s by aviation engineer Anton Flettner. Rotors are proven and Magnuss has a unique, innovative design that is engineered for today’s modern ships. At Magnuss, we improved the Flettner rotor by making it transformable. Introducing the Magnuss VOSS or Vertically-variable Ocean Sail System, the cutting-edge sail with the potential to slash fuel consumption and emissions. The Magnuss VOSS augments a ship’s installed engine power with a propulsion system that converts wind into forward thrust. The VOSS does not create electricity (it is not a wind turbine). It creates thrust. Its game-changing innovation is retractability—allowing the sail to be stowed below deck and free up port operations.

 

There’s Still Time to Invest!

4 months ago

Last month, in light of the annual reporting season, we updated our SEC filing to include our most recent financial statements and to extend our campaign. Given this material change, the SEC requires all outstanding investors (i.e. investors who have not been vested) to reconfirm their investment. For those of you who re-confirmed, thank you. We appreciate your continued support. For any investor who missed the reconfirmation deadline and had their investment subsequently canceled, you can still submit a new investment by visiting our campaign page.

Get rewarded for investing more into Magnuss Corp.

5 months ago

Invest in the company that has reimagined sail technology to reduce fuel consumption and eliminate harmful CO2 emissions from global maritime shipping.

5 months ago

Shipping is costly and takes a major toll on the environment.  Today, cargo ships emit more CO2 into the atmosphere each year than all the airlines in the world.  The recognized threat that these emissions have for the planet will thus increase an already significant fuel cost.  At Magnuss, by harnessing the wind to power ships, we have a solution that increases fuel economy and reduces CO2 emissions.  The idea is to augment ship propulsion with sails and supplement a ship’s installed engine power with wind-based, renewable energy.  Magnuss aims to dramatically reduce a ship’s fuel consumption and carbon footprint, predicated on a proven technology, re-engineered to fit today’s global shipping infrastructure.  Join us and invest today!

Worldwide shipping moving aggressively to comply with regulations and a cleaner way to ship

5 months ago

Measures that make shipping economically efficient and environmentally friendly are attracting a lot of attention. Leading industrials and global shipping firms need not be convinced that managing fuel requirements directly results in improved financial performance and reduced regulatory risk. The past two years have marked a turning point, where an increasing emphasis on combating climate change led to an elevated focus on sustainable solutions among the players in commercial maritime shipping. This is good news for emissions reduction technologies such as the Magnuss VOSS. 

At a macro level, the industry and the regulators committed to more sustainable practices. Meanwhile, at a micro level, individual organizations answered the bell to curb harmful greenhouse gas emissions. Specifically, ship owners and charterers moved aggressively to prepare for future regulations, support sustainable operations, and manage the environmental impact of their fleets. The main driver continues to be evolving regulation.

The Global Maritime Forum unveiled in 2020 a set of working principles on behalf of charterers that reflect a bias to ships actively reducing their carbon footprint. Coupled with the Poseidon Principles, a self-governing climate alignment agreement amongst financial institutions, the Sea Cargo Charter demonstrates charterers’ commitment, alongside the banks' commitment, to reducing the shipping industry's carbon footprint.  In June 2021, the International Maritime Organization adopted technical and operational measures to reduce the carbon intensity of international shipping, taking effect January 2023. With new regulations and customer driven carbon requirements on the horizon, the sector is set to become increasingly more sustainable.

Join us. Invest in Magnuss. Support the rollout of the Magnuss VOSS (Vertically-variable Ocean Sail System), an example of a modern technology that offers remarkable fuel savings at a time when minimizing costs, reducing fossil fuel use, and complying with current and future legislation are crucial.  Invest in Magnuss today!




There is no better time to invest in Magnuss, the company that aims to slash harmful greenhouse gas emissions with its patented, innovative sail technology.

5 months ago

Are you ready to invest in the company that aims to slash harmful emissions with its game-changing tech? The Magnuss VOSS is the proprietary hi tech sail that cuts ships’ fuel costs and greenhouse gas emissions by up to 50%. Click to invest in the company that’s geared to transform global shipping as we know it.   Crowdfunding is an easy, affordable way to participate. Invest in Magnuss today. 


See Magnuss on stage in London at the Royal Institute of Great Britain.

5 months ago


Notice of Material Change in Offering

5 months ago

[The following is an automated notice from the StartEngine team].

Hello! Recently, a change was made to the Magnuss Corp. offering. Here's an excerpt describing the specifics of the change:


Issuer has provided updated financials and is extending their campaign 60 days.


When live offerings undergo changes like these on StartEngine, the SEC requires that certain investments be reconfirmed. If your investment requires reconfirmation, you will be contacted by StartEngine via email with further instructions.

Magnuss among global entrepreneurs at the World Forum showcasing innovative approaches to climate challenges

5 months ago

See Magnuss on stage at the World Forum – sponsored by The Unreasonable Group and Barclays – in London at the Royal Institute of Great Britain. Magnuss was among a select group of global entrepreneurs presenting, to an audience of over 400 strategic guests, groundbreaking and rapidly scaling solutions to some of the most pressing challenges of our time. Daniel Epstein, CEO of Unreasonable Group, explained, “Since launching Unreasonable Impact, we have supported some of the world’s most exciting and impactful ventures to grow faster and create nearly 7,000 new jobs.” Alisdair Gayne, Head of UK Investment Banking, said, “By supporting these entrepreneurs targeting the world’s greatest challenges with our resources, we can help to facilitate job creation in sectors that will lead future global economies and will benefit society as a whole.”  Become a part of this global community and invest in Magnuss today.  

https://youtu.be/GE_08vrvKPw

Meet the Team - seasoned, skilled and driven, the Magnuss senior team has built a trailblazing product

6 months ago

Bound by history and a singular vision, our senior team has worked together for decades, drawing on deep, hands-on expertise in maritime shipping, clean tech, renewable energy project development, finance, software development, and data analytics. Pioneers in wind-assist technology, the Magnuss team was first to announce its patented and class approved sail innovation.  CEO, co-founder and veteran executive, James Rhodes, holds an MBA from Columbia University, a BS in Electrical Engineering from Brown University and brings 30+ years of experience in maritime shipping, renewable energy development, project finance, investment banking and management consulting. COO, co-founder and tech entrepreneur, Ted Shergalis, holds a BA from Harvard University and leverages twenty years of experience in maritime shipping and early-stage, high-growth business development, software, analytics and operations.

 Magnuss is supported by a broad network - - experts from academia and industry. The board of directors and commercial advisors bring extensive experience to drive growth.  Today, Magnuss is collaborating with industry participants such as ship owners, charterers, shipbuilders and financial institutions.  And Magnuss will continue to forge ties with the strongest, most influential shipping organizations to ensure commercial success at scale.  Join us and invest today!  Support the Magnuss team as they lead global shipping to a more sustainable future.

It’s time to invest in Magnuss - a company delivering double bottom line benefit - by creating economic and environmental value with global impact

6 months ago

Ship owner/operators are laser-focused on eco efficiency ahead of tighter regulations. Magnuss is set to deliver a reliable, best-in-class technology and an investment opportunity with global impact. Our scalable business model is ready to meet immediate customer demand, delivering customers significant and quantifiable fuel savings affording a short payback period. Bottom line savings are meaningful, especially on a line item that represents a large fraction of a ship’s annual operating expense. In an industry facing increasing regulatory pressure, an important benefit of the Magnuss VOSS is the degree to which it creates not only economic value, but also large-scale carbon emission reductions.  This is vital because today, maritime shipping is among the highest CO2 emitters worldwide, ranking sixth on a list of nations, between Germany and Japan.

Magnuss is providing the means for renewable energy-based ocean transportation and charting a course to make global maritime shipping economically efficient and environmentally sustainable. Join us on this journey. Make sure to invest while there is still time!  And if you have invested, thanks for your support.


Magnuss represents an investment with global impact

6 months ago

Insider Investment Notice

6 months ago

Magnuss Corp has an investment update.  Insiders have invested $2,070 in the Company's current Reg CF offering.  Please refer to the Company's offering materials for further information and refer to the Company's Risk Factors.

Magnuss is creating a newer, greener future of international shipping

6 months ago

Magnuss is creating a newer, greener future for international shipping that transports 90% of the world’s goods. The Magnuss VOSS is the cutting-edge mechanical sail that augments engine power to cut fuel consumption and emissions up to 50%.  Invest in the company that’s geared to transform global shipping as we know it.  Invest in Magnuss today!



We hit $100K!

6 months ago

To the new members of the Magnuss family, 

Thank you for your support. We did it! It is because of our newest members that we hit our first milestone, exceeding $100K in only 2 weeks. Please share with your friends. And if you have not yet finished your investment, make sure to do so. Welcome aboard!

 

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