LiquidPiston offering is now closed and is no longer accepting investments.
INVEST IN LIQUIDPISTON TODAY!
The combustion engine reimagined
$16,438,615.01 Raised
ABOUT
HEADQUARTERS
1292a Blue Hills Ave.
Bloomfield, CT Bloomfield
WEBSITE
View Site
LiquidPiston, Inc. (LPI) develops advanced rotary internal combustion engines based on the company’s patented thermodynamic cycle and novel rotary engine architecture. Our engines are compact, powerful, quiet, efficient, low-vibration, multi-fuel capable and scalable from 1HP to over 1000 HP.
TEAM
Alexander Shkolnik
Co-Founder & CEO
• Technical focus on leading teams in modeling dynamic systems, optimization and controls
• 50+ patents; 30 conference and journal papers
• PI on $9M in government R&D programs
Christopher Pollitt
VP of Engineering
• 20 years of engine innovation & development expertise
• Former VP, Engineering at Continental Aerospace Technologies
• Engine R& D positions at Cummins & GE
Curtis Collie
Chief Engineer
• Led multiple “clean sheet of paper” engine designs for single cylinder test rig, aero, military, space and automotive
• Experience with many different fuels and combustion systems
• Senior Technical Manager at Roush Industries Advanced Engineering for 4 yrs
• Chief Engineer for Powertrain Design and Integration at IAV for 8 yrs
• Engine Engineer at Ford Motor Company for 14 yrs
Nikolay Shkolnik
Co-Founder & CTO
• Former Clean Energy Program Director, GEN3
• Motorola award for Creativity
• 60+ patents: engines, fuel cells, super capacitors, and other fields.
• TRIZ specialist
Per Suneby
VP of Corporate Development
• MBA, Harvard; BASc Electrical Engineering, U. British Columbia
• Seasoned Clean Tech startup executiv
• Former Venture Capital Executive in Residence
• New England Clean Energy Fellow
TERMS
LiquidPiston
Overview
PRICE PER SHARE
$54
DEADLINE
Jun 26, 2021
VALUATION
$69.1M
AMOUNT RAISED
$16,438,615.01
Breakdown
MIN INVESTMENT
$756
MAX INVESTMENT
$1,999,980
MIN NUMBER OF SHARES OFFERED
184
OFFERING TYPE
Equity
ASSET TYPE
COMMON
SHARES OFFERED
Common Stock
MAX NUMBER OF SHARES OFFERED
520,029
Maximum Number of Shares Offered subject to adjustment for bonus shares
Company | : | LiquidPiston, Inc. |
Corporate Address | : | 1292a Blue Hills Ave., Bloomfield, CT Bloomfield |
Offering Minimum | : | $9,968.14 |
Offering Maximum | : | $28,081,592.80 |
Minimum Investment Amount(per investor) | : | $756.00 |
Terms
Offering Type | : | Equity |
Security Name | : | Common Stock |
Minimum Number of Shares Offered | : | 182 |
Maximum Number of Shares Offered | : | 512,719 |
Price per Share | : | $54.77 |
Pre-Money Valuation | : | $69,100,460.96 |
PRESS
DARPA Looks to Extend Range of Drones, Autonomous Vehicles with LiquidPiston: CEO, Alexander Shkolnik
LiquidPiston is revolutionizing next-generation engine development. The company, headquartered in Bloomfield, Conn., develops and licenses compact & efficient power solutions based on an optimized thermodynamic cycle and a new type of rotary engine architecture.
ALL UPDATES
06.27.21
Thank you for a fantastic campaign from the LiquidPiston Team
I wanted to thank all of our new investors and supporters for an amazing campaign. We raised $16.75M with over 7700 new investors. We are blown away by all of the support, and thank you each of you. Its amazing what the power of the crowd can do!
As I'm sure I will get these questions - to verify your investment see the instructions below from the StartEngine FAQ. LiquidPiston will not receive names or contact information of investors until after the closing is completed, which may take a few weeks - so you will need to make sure your investment is fully funded and all steps completed on startengine. If you have questions related to this, please reach out to contact@startengine.com
If there is something that is LiquidPiston specific, please reach out to invest@liquidpiston.com. Please note we are a small team (all of our engineers are dedicated to the technology development, and my office manager and I are the only ones answering investor emails), so with about 9000 investors total now, we may be a little slow to respond, but we will do our best.
Again - a heartfelt thank you, and we look forward to taking this adventure together!
Alec Shkolnik, PhD
President and CEO
LiquidPiston
~~
See https://www.startengine.com/investor-faq
To view your investment status follow these steps:
- Login to your StartEngine account
- Once you are logged in, click your name in the top right hand corner
- Click “My Investments”
- Click “View Current” and the status of your investment can be found next to the company you invested in
- Or simply click here to go to your Investment Dashboard once logged in
Different stages of investments:
Incomplete – You have begun the investment process but have not completed all of the steps to finalize your investment. Make sure that you click the green “Submit” button after clicking “Invest Now” on the campaign home page. Once you have submitted your investment, you will receive a confirmation email immediately following submission. If you elected to pay by wire, instructions will be emailed to you.
Submitted – You have successfully submitted your investment, and it is currently pending. It could be pending because the offering has not yet reached their minimum funding goal, the funds have not yet left reached the escrow account, or are still undergoing the necessary checks. If there is any problem with your investment, you will be notified by StartEngine.
Cleared – StartEngine has received your payment for your investment, and we have successfully verified all of the required investor checks. There is nothing else that you need to do at this time.
Invested – After the company has conducted a close on their offering, those investments that have cleared will be then moved to “Invested.” This means your funds have been disbursed to the company you have
06.26.21
Final Hours to Invest in LiquidPiston!
Today is the final day to invest in LiquidPiston's campaign on StartEngine. At LiquidPiston, we are reimagining the combustion engine, with revolutionary technology explicitly designed with combustion engines in mind.
Don’t pass up the opportunity to invest in the company with:
$9M in DoD contracts with DARPA and the U.S. Army.
Up to 30% more efficient than a diesel engine, and up to 200% more efficient than a small turbine.
64 patents issued or pending.
Successfully completed four industrial partner pilot studies resulting in $1.1M of commercial revenue.
Finalist / Award Winner in several DoD competitions, including the US Army xTechSearch 3.0, U.S. Army and Innovation Combine, and AFWERX Base of the Future Challenge.
Three new government contracts signed in the last 9 months!
Our rotary engines are the first major disruption to engine technology in over a century.
Our crowdfunding campaign is ending today, June 25th, so keep following to learn more and invest in LiquidPiston!
Disclaimer: This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment. View the offering circular for details
06.25.21
Exclusive Perks for LiquidPiston - Hours Left to Invest
Today is the final day to invest in LiquidPiston's crowdfunding campaign on StartEngine.
Don’t forget - you can get rewarded for investing in LiquidPiston!
First tier $2,000+ Investment:
Choice of custom owners T-shirt or “Love the smell of Jet Fuel in the morning” coffee mug*
Second tier $5,000+ Investment:
5% Bonus Shares
Choice of custom owners T-shirt or “Love the smell of Jet Fuel in the morning” coffee mug*
Third tier $10,000+ Investment:
8% Bonus Shares
Choice of custom owners T-shirt or “Love the smell of Jet Fuel in the morning” coffee mug*
Fourth tier $25,000+ Investment:
10% Bonus Shares
An invitation to a private tour of the LiquidPiston facility.
Choice of custom owners T-shirt or “Love the smell of Jet Fuel in the morning” coffee mug*
Fifth tier $50,000 Investment:
15% Bonus Shares
An invitation to a private tour of the LiquidPiston facility.
Lunch with the LiquidPiston Founder
Choice of custom owners T-shirt or “Love the smell of Jet Fuel in the morning” coffee mug*
Our crowdfunding campaign is ending today, June 25th, so keep following to learn more and invest in LiquidPiston!
06.25.21
LiquidPiston Has Raised Over $15M - Final Day to Invest
We are elated to announce that our campaign on StartEngine recently surpassed $15M in investments.
Starting with the physics of how engines operate, we have redesigned the traditional internal combustion engine and developed an innovative, efficient alternative. Our engines provide a power solution that can scale to address the $400B internal combustion engine market and can be a key enabler for emerging mobility technologies including electric cars, urban air mobility (UAM), and drones (UAS).
Our crowdfunding campaign is ending today, June 25th, so keep following to learn more and invest in LiquidPiston!
06.24.21
1 Day Left to Invest in LiquidPiston
There is only one day left to invest in LiquidPiston's campaign on StartEngine. With the final day upon us, we look forward to a strong close.
This campaign will be closing on June 25th, so if you’re interested in this investment opportunity, please check out our page on StartEngine.
06.24.21
Register For Our Final Webinar Before the Campaign Closes
Join us on Friday, June 25th at 10:00 AM PDT for our final Live Investor Webinar. Alec Shkolnik will be discussing LiquidPiston's competitive advantages as well as the potential impact on a $400B market in one more exclusive webinar before our campaign closes.
Register here: https://app.livestorm.co/investor-webinars/liquidpiston-investor-webinar625
Our crowdfunding campaign is ending on June 25th, so keep following to learn more and invest in LiquidPiston!
06.23.21
Register For Our Final Webinar Before the Campaign Closes
Join us on Friday, June 25th at 10:00 AM PDT for our final Live Investor Webinar. Alec Shkolnik will be discussing LiquidPiston's competitive advantages as well as the potential impact on a $400B market in one more exclusive webinar before our campaign closes.
Register here: https://app.livestorm.co/investor-webinars/liquidpiston-investor-webinar625
Don't forget - our crowdfunding campaign is ending on June 25th, so keep following to learn more and invest in LiquidPiston!
06.22.21
LiquidPiston Has Raised Over $14M
We are elated to announce that our campaign on StartEngine recently surpassed $14M in investments.
Starting with the physics of how engines operate, we have redesigned the traditional internal combustion engine and developed an innovative, efficient alternative. Our engines provide a power solution that can scale to address the $400B internal combustion engine market and can be a key enabler for emerging mobility technologies including electric cars, urban air mobility (UAM), and drones (UAS).
Our crowdfunding campaign is ending on June 25th, so keep following to learn more and invest in LiquidPiston!
06.22.21
Exclusive Perks for LiquidPiston
Don’t forget - you can get rewarded for investing in LiquidPiston on StartEngine!
First tier $2,000+ Investment:
- Choice of custom owners T-shirt or “Love the smell of Jet Fuel in the morning” coffee mug*
Second tier $5,000+ Investment:
- 5% Bonus Shares
- Choice of custom owners T-shirt or “Love the smell of Jet Fuel in the morning” coffee mug*
Third tier $10,000+ Investment:
- 8% Bonus Shares
- Choice of custom owners T-shirt or “Love the smell of Jet Fuel in the morning” coffee mug*
Fourth tier $25,000+ Investment:
- 10% Bonus Shares
- An invitation to a private tour of the LiquidPiston facility.
- Choice of custom owners T-shirt or “Love the smell of Jet Fuel in the morning” coffee mug*
Fifth tier $50,000 Investment:
- 15% Bonus Shares
- An invitation to a private tour of the LiquidPiston facility.
- Lunch with the LiquidPiston Founder
- Choice of custom owners T-shirt or “Love the smell of Jet Fuel in the morning” coffee mug*
Our crowdfunding campaign is ending on June 25th, so keep following to learn more and invest in LiquidPiston!
06.21.21
LiquidPiston Receives Notice of Two Awards from the US Air Force for $1.5M
We're proud to announce LiquidPiston has received notices of award selection from the US Air Force, for 2x potential Phase II SBIR (Small Business Innovation Research) contracts, for approximately $750,000 each. These awards indicate the government's intent to issue an award and enter into contract negotiations worth up to $1.5M! With this notice, we expect to get on contract within 4-6 months. Please note - these letters represent that the government has reviewed our proposals, and has selected these proposals for award negotiation - the awards will not be official unless and until they are formally issued as contracts. More details will follow after the official contract award, but we couldn't wait to share this exciting news!
Our crowdfunding campaign is ending on June 25th, so click here to learn more and invest in LiquidPiston!
REWARDS
$756
StartEngine Owner’s Bonus
This offering is eligible for the StartEngine Owner’s 10% Bonus program. For details on this program, please see the Offering Summary section below.
$2,000
First Tier
Choice of custom owners T-shirt or ''Love the smell of Jet Fuel in the Morning'' coffee mug*
$5,000
Second Tier
Choice of T-shirt or mug*, plus 5% Bonus Shares
$10,000
Third Tier
Choice of T-shirt or mug*, plus 8% Bonus Shares
$25,000
Fourth Tier
Choice of T-shirt or mug*, plus 10% Bonus Shares, plus an invitation to a private tour of the LiquidPiston facility **
$50,000
Fifth Tier
Choice of T-shirt or mug*, plus 15% Bonus Shares, plus an invitation to a private tour of the LiquidPiston facility) plus lunch with a Liquid Piston Founder **
JOIN THE DISCUSSION
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HOW INVESTING WORKS
Cancel anytime before 48 hours before a rolling close or the offering end date.
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With Regulation A+, a non-accredited investor can only invest a maximum of 10% of their annual income or 10% of their net worth per year, whichever is greater. There are no restrictions for accredited investors.
With Regulation Crowdfunding, non-accredited investors with an annual income or net worth less than $124,000, are limited to invest a maximum of 5% of the greater of those two amounts. For those with an annual income and net worth greater than $124,000, he/she is limited to investing 10% of the greater of the two amounts.
At the close of an offering, all investors whose funds have “cleared” by this time will be included in the disbursement. At this time, each investor will receive an email from StartEngine with their Countersigned Subscription Agreement, which will serve as their proof of purchase moving forward.
Please keep in mind that a company can conduct a series of “closes” or withdrawals of funds throughout the duration of the campaign. If you are included in that withdrawal period, you will be emailed your countersigned subscription agreement and proof of purchase immediately following that withdrawal.
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For Regulation Crowdfunding, investors are able to cancel their investment at any point throughout the campaign up until 48 hours before the closing of the offering. Note: If the company does a rolling close, they will post an update to their current investors, giving them the opportunity to cancel during this timeframe. If you do not cancel within this 5-day timeframe, your funds will be invested in the company, and you will no longer be able to cancel the investment. If your funds show as ‘Invested’ on your account dashboard, your investment can no longer be canceled.
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Once your investment is canceled, there is a 10-day clearing period (from the date your investment was submitted). After your funds have cleared the bank, you will receive your refund within 10 business days.
Refunds that are made through ACH payments can take up to 10 business days to clear. Unfortunately, we are at the mercy of the bank, but we will do everything we can to get you your refund as soon as possible. However, every investment needs to go through the clearing process in order to get sent back to the account associated with the investment.
Both Title III (Regulation Crowdfunding) and Title IV (Reg A+) help entrepreneurs crowdfund capital investments from unaccredited and accredited investors. The differences between these regulations are related to the investor limitations, the differing amounts of money companies are permitted to raise, and differing disclosure and filing requirements. To learn more about Regulation Crowdfunding, click here, and for Regulation A+, click here.
