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INVEST IN MANTA BIOFUEL TODAY!

Transforming Pollution to Power

Wastewater treatment facilities often exceed EPA pollution limits, which can lead to fines or even jail time. Using our proprietary technology, Manta Biofuel's mobile wastewater treatment system quickly and cost-effectively cleans polluted bodies of water. Pollutants, like algae, can ultimately be converted into renewable carbon neutral fuel. We have demonstrated our patented technology in the field, and we are ready to scale.

This Reg CF offering is made available through StartEngine Capital, LLC. This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment.

$237,113.85 Raised

REASONS TO INVEST

Trusted by Top Investors: We’ve raised over $5.2M in public and private investment. This includes over $3 million from the U.S. Department of Energy and the State of Maryland and $2.2M from private investors like Exelon (a Fortune 100 corporation), professional angel investors, and over 4,000 crowdfunding investors.

Experienced Leadership: Our CEO Chris Lindsay has 30+ years of experience in the biotech industry, having held executive roles at both large multinational and startup companies. Our Founder and CTO Ryan Powell holds a PhD in algal biofuels, is the inventor of our core technology, and has nearly 20 years of experience in science and technology.

Strong Market Traction: In 2022 we launched our water treatment service, realized our first revenue, executed multiple successful field trials around the country with prospective customers and lined up more demonstrations for 2023. Funds are needed to scale our commercial operations and capitalize on this momentum.






the pitch

Our patented technology removes pollutants, like algae blooms and excessive nutrients, from water more sustainably than traditional methods for a fraction of the cost. Combining established water treatment processes with our proprietary magnetic filtration technology allows us to fit the power of a water treatment plant in a highly mobile footprint. This unique mobility opens largely underserved segments of the $300B water treatment market (source). Manta can then leverage its experience in biofuel production to convert collected pollutants like algae into a carbon neutral fuel. By combining our innovative water treatment technology with our experience in biofuels, we will simultaneously address two critical issues facing the world today- water pollution and climate change. 



overview


Transforming Pollution to Power


Manta was founded with the ultimate goal of converting algae into carbon neutral biofuel. In the quest to make this dream a reality, we realized that our cutting-edge magnetic separation technology could also be used to quickly and economically clean polluted water. We discovered a way to address two environmental problems at once: water pollution and carbon emissions.

The problem


Polluted water and climate change are problems that impact everyone


Cleaning water is an >$300B industry and there are large segments of this market that are not being served (source). Since 2018, nearly two-thirds of all wastewater treatment lagoons have at least one pollutant exceeding EPA standards (source), often caused by excessive growth algae. These EPA compliance violations can mean hefty fines or even jail time. 



80% of all wastewater treatment facilities serve small communities and typically use lagoons to clean their water (source). Addressing these EPA violations often requires installation of new equipment, taking years and costing $5 million or more.


Picture of wastewater lagoons


Operators need to solve this problem but it is often not financially feasible for many communities. An operator had this to say: 


“When we have this problem there is no one we can turn to for a solution”.  


-Dave Dollinger, Director of Public Works, Toluca Illinois



And the situation is only growing more challenging. Climate change is making things worse because higher temperatures due to global warming are causing more severe algae blooms (source). Meanwhile, population growth stretches many wastewater treatment facilities to their limits, with 81% operating at near capacity and 15% are already over capacity (source). Operators like Dave are stuck. They want to do the right thing, but don’t have the resources to fix the problem.


Climate change is causing significant damage to society and the environment


Manta was founded to convert algae to renewable fuel to fight climate change. Collecting and converting waste algae is a better way forward to address the need for renewable fuel. The United States alone consumes nearly 20 million barrels of fossil fuel every single day, emitting 300 trillion pounds of CO2 annually (source, source). There are some sectors such as air travel and cargo shipping that will be difficult to move away from liquid fuels.


Our Solution


A cost-effective, mobile water treatment solution for addressing acute water pollution 


Our cutting edge process uses black magnetic sand, called magnetite, and powerful magnets to rapidly remove >90% of contaminants, like algae and phosphorus, from the water. 


Traditional water treatment systems require massive footprints and massive checks, but our proprietary, magnetic separation technology allows us to pack the power of a water treatment plant into a trailerable, cost-effective mobile system. 


Our compact system is very efficient and removes target contaminants to well below EPA limits. Over 90% of problem pollutants , like algae, excess nutrients, and other contaminants are continuously removed from over 75,000 gallons of water daily. 



This mobile approach gives us access to markets that could not be previously addressed, such as rapid treatment of acute water problems nearly anywhere. Our solution can be deployed on an as-needed basis for as little as $10K per month. This allows customers like wastewater operators to quickly and cost-effectively address their problems without spending millions of dollars to upgrade facilities. Manta can then ultimately use the algae removed from these jobs as a feedstock to make biofuel.  


Manta knows how to transform algae to fuel


Manta has years of experience in growing, recovering, and converting algae into biofuel. Typically biofuel companies incur significant costs to grow, harvest, and then convert algae to biofuel. We change this equation by getting paid to remove polluting algae that is growing at a customer’s site, then ultimately transforming this recovered contaminant into biofuel. This new paradigm drives significantly more favorable economics for biofuel production. 


Renewable oil that was produced from algae. Distillable to renewable gasoline, diesel fuel and jet fuel. 

The Market


Cleaning water is a >$300B dollar industry

And we believe there are key segments of this market that are not being served. 


Manta’s compact, mobile system can rapidly address a wide variety of acute/transient water pollution issues quickly and cost-effectively. Many markets remain unserved by other companies due to the cost and larger footprint of their systems. 





Converting algae from water pollution into carbon neutral fuel could allow access to the $3.5T fuel market 


Manta ultimately plans to transform the polluting algae from its water treatment activities into carbon neutral biofuel. Our algae-based oil, which doesn’t contribute to climate change, can be used to make renewable gasoline, jet fuel, asphalt, bunker fuel, and heating oil. In many markets, renewable, carbon neutral, crude oil is the only way to fully decarbonize the economy.


Our Traction


Ramping sales and growing customer pipeline in multiple markets


In 2022 we launched our water treatment service and quickly gained strong commercial traction. In Q3 2022, we achieved a major revenue milestone with three paid pond treatment projects for the Columbia Association in Maryland.



The watershed manager at Columbia Association had this to say: 


"You guys need a bigger machine so I can use it to treat my lakes!"


- John McCoy, Columbia Association


We used this success to advance discussions with a leader in the pond/lake management space that is part of a multinational company with $3.7B in revenue. This company has nearly 10,000 ponds/lakes under management in Florida alone. We are also in ongoing discussions with another leading solutions provider in the space on how we could integrate our technology.


We continued this momentum and successfully completed a half dozen field demonstrations with prospective wastewater lagoon customers around the country in 2022, filling the pipeline for revenue in 2023. Feedback from the trials was positive and operators were happy to learn that they finally had an option to fix a persistent problem. 


Images showing multiple field demonstration trials in Illinois and Maryland. The bottom right image shows water before (top bucket) and after (bottom bucket) processing. 


More projects in adjacent markets, like municipal wastewater treatment and industrial ponds, are planned for early 2023. In Q2 2023, we have a pilot trial planned with a large multinational water treatment company ($1.7 B in revenue in 2022). We also have an active project with the Maryland Port Administration, treating water from their dredge spoil containment pond. Field trials are also planned in Q2 2023.


Why Invest


Join us in transforming pollution to power!

Manta Biofuel is making the world a better place by cleaning up contaminated bodies of water and ultimately converting pollution into carbon-neutral biofuel. Since our launch, we have raised over $5 million in funding, successfully demonstrated our patented technology in the field, and established a world-class team of scientists and executives.  We’ve generated great traction in 2022 and now need to capitalize on this opportunity. With this raise, we plan to scale up commercial operations by building additional treatment systems to serve customers in the pipeline, by expanding marketing activities to bring in more customers, and by continuing R&D.

Code View

ABOUT

HEADQUARTERS
11438 Cronridge Dr Suite E
Owings Mills, MD 21117

Wastewater treatment facilities often exceed EPA pollution limits, which can lead to fines or even jail time. Using our proprietary technology, Manta Biofuel's mobile wastewater treatment system quickly and cost-effectively cleans polluted bodies of water. Pollutants, like algae, can ultimately be converted into renewable carbon neutral fuel. We have demonstrated our patented technology in the field, and we are ready to scale.

TEAM

Christopher Jared Lindsay

Christopher Jared Lindsay

Chief Executive Officer

Capitalizing on his nearly 30 years of experience in the biotech industry, Chris leads Manta’s business operations and strategy. Over his extensive career, he’s held executive roles in both R&D and business leadership functions for start-ups and large multinational companies. Highlights of his career include 20 years with Martek Biosciences (Columbia, Maryland) and 7 years with DSM Nutritional Products (Kaiseraugst, Switzerland). During his tenure with both extremely successful organizations, he was able to bridge his background in R&D and experience in business to translate technology into commercial success. Chris holds a M.S. in Biotechnology from the Johns Hopkins University.

Ryan Joseph Powell

Ryan Joseph Powell

Co-Founder, CTO, and Director

Ryan leads Manta’s technical development and brings a unique perspective to the development of algal biofuels. Rare among scientists, he has 15+ years of practical experience in large scale agriculture from working on his family’s 2000 acre grain farm. This pragmatic problem solving mentality is backed by a deep knowledge of the field of algal biofuels which was the focus of his Ph.D. research. Since founding Manta, he has led his team through the successful completion of more than ten peer-reviewed awards that the company has received. Ryan holds a Ph.D. in algal biofuels from the University of Maryland, and is the inventor of the company’s magnetic algae harvesting technology and low cost continuous flow hydrothermal liquefaction system.

Onur Unal

Onur Unal

Director, Co-Founder

A seasoned entrepreneur with 20 years of biotechnology industry experience, Onur Unal has extensive experience with startups in product and business management capacities. He holds a BS in Genetics from UC Davis, and an M.S. in Pharmacology and an M.B.A. from Penn State University.

TERMS

Manta Biofuel
Overview
PRICE PER SHARE
$2.10
DEADLINE
Jul 7, 2023
VALUATION
$8.98M
FUNDING GOAL
$15k - $1.3M
Breakdown
MIN INVESTMENT
$210
MAX INVESTMENT
$1,299,998.70
MIN NUMBER OF SHARES OFFERED
7,142
MAX NUMBER OF SHARES OFFERED
619,047
OFFERING TYPE
Equity
ASSET TYPE
Preferred Stock
SHARES OFFERED
Series Seed-1 Preferred Stock

Maximum Number of Shares Offered subject to adjustment for bonus shares

Most Recent Fiscal Year-End

Prior Fiscal Year-End

Total Assets

$474,988

$1,197,817

Cash & Cash Equivalents

$251,259

$1,077,424

Accounts Receivable

$0

$0

Short-Term Debt

$844,334

$446,995

Long-Term Debt

$124,754

$350,000

Revenue & Sales

$14,160

$0

Costs of Goods Sold

$0

$0

Taxes Paid

$0

$0

Net Income

-$894,923

-$1,096,114

*Maximum number of shares offered subject to adjustment for bonus shares. See Bonus info below.

Investment Incentives and Bonuses*

Loyalty Bonus - Previous investors of Manta Biofuel will receive an additional 10% bonus shares. 

Time-Based:

Friends, Family and Elite Early Bird Bonus: Invest within the first 48 hours and receive 20% bonus shares.

Super Early Bird Bonus: Invest within the first 96 hours and receive 15% bonus shares. 

Early Bird Bonus: Invest within the first two weeks and receive 10% bonus shares.

Amount-Based:

$500+ | Tier 1

Invest $500+ and receive 5% Bonus Shares.

$1,000+ | Tier 2

Invest $1,000+ and receive 10% Bonus Shares.

$2,500+ | Tier 3

Invest $2,500+ and receive 15% Bonus Shares.

$5,000+ | Tier 4

Invest $5,000+ and receive 20% Bonus Shares.

$10,000+ | Tier 5

Invest $10,000+ and receive 25% Bonus Shares.

*In order to receive perks from an investment, one must submit a single investment in the same offering that meets the minimum perk requirement. Bonus shares from perks will not be granted if an investor submits multiple investments that, when combined, meet the perk requirement. All perks occur when the offering is completed.

The 10% StartEngine Owners' Bonus

Manta Biofuel 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 Series Seed-1 Preferred Stock at $2.10/ share, you will receive 110 shares of Series Seed-1 Preferred Stock meaning you'll own 110 shares for $210. 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 investors 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 receive the highest single bonus they are eligible for among the bonuses based on the amount invested and the time of offering elapsed (if any). Eligible investors will also receive the Owner’s Bonus and the Loyalty Bonus where previous investors will receive 10% bonus shares in addition to the aforementioned bonus.

Irregular Use of Proceeds

The Company might incur Irregular Use of Proceeds that may include but are not limited to the following over $10,000: Vendor payments.

NEW UPDATES

06.06.23

How does Manta's mobile harvester address acute pollution??

How does Manta’s magnetic harvester get to pollution trouble spots in the field?

One of the most unique properties of Manta’s proprietary water treatment system is its size. Our patented magnetic separator allows us to compress the power of a wastewater treatment system into a highly mobile 8 ½ x 16-foot trailer that can easily be pulled by a pick-up truck. 

It’s the speed of separation that makes the difference. A more traditional wastewater treatment system that uses gravity takes about 60 minutes for the waste / pollutant containing flocs to settle out. More advanced wastewater systems that use ballast, like magnetite, to help settle out flocs containing waste / pollutants are much better and take about 6 minutes for removal. Manta’s magnetic separator blows these processes away.!! Our system can achieve the same results for floc removal in ~ 5 seconds (or 0.08 minutes). This crazy fast floc processing allows us to essentially shrink our system down to a footprint that is only a small fraction of the standard wastewater treatment systems. 

This miniaturized footprint allows us to squeeze all that water cleaning power into a highly mobile trailer. We can easily transport and rapidly deploy our system to quickly address water problems where they arise. 

Check-out our video to get a sense of how easily Manta’s water treatment system can be deployed in the field. We pull up, set up the generator, roll out the hoses and start making dirty water clean.

Invest in Manta today- be part of the change you want to see!!

https://www.youtube.com/watch?v=czn-8tPKyPg

ALL UPDATES

06.02.23

Contest Alert!

Help Manta Name Our Tech!!

Get ready for an incredible opportunity to leave your mark on the fight against water pollution. Those of you familiar with Manta often hear us refer to our amazing water remediation system as our "harvester" or our "magnetic separator" or even just "our system". Not exactly the most captivating moniker is it?? We're giving you the exclusive chance to help "name our tech". We're asking all of our current and future followers to give us your best ideas to name Manta's proprietary magnetic separator harvester system (see we definitely need help). We'll compile the list of names and once all responses are in, we will select the top 5 names that resonate the most with us. From there, we'll put the short list of names on SE and have the Team Manta community vote on the top name. So, gather your thoughts, ignite your creativity, and let the name suggestions pour in. You can participate in the contest by filling out the Google Form provided below. Be sure to read all the details!

We can't wait to see your creative genius in action! 

Manta Tech Naming Contest Entry- Click Here




05.31.23

How does Manta protect its technology?

How does Manta protect its technology?

We protect our technology with an interlocking intellectual property (also known as IP) strategy. We have issued and pending patents as well as trade secrets and know-how. What we mean by “interlocking” is that for someone to copy our technology they must break through multiple layers of these IP firewalls, not just one. Our strong intellectual property strategy is one of the things that makes Manta valuable to investors. 

Patents are important to prevent others from infringing on your inventions, but trade secrets are also an important way to protect your technology as well. A trade secret is, well….a secret. At Manta we have trade secrets on how our core magnetic separations process works, including the process of manufacturing the magnetic separation discs. 

Knowing what a part is, and being able to manufacture that part are two very different things. When we first tried to outsource our magnetic separator to suppliers who's sole business is to make magnetic parts, the conversations went something like this: 

And so went conversation with multiple suppliers, and the discs are real! Suffice it to say we have developed some innovative manufacturing techniques that make the impossible possible.  These techniques make it challenging for others to approach any ordinary supplier and replicate our technology, even if they possess precise knowledge of what needs to be manufactured.

In addition to patents and manufacturing trade secrets we are protected by a great deal of know-how. The magnetic separation process is a complex dance between fluid dynamics (how liquids flow), carefully designed magnetic field geometries, and how those systems interact with magnetic particles in the water. As added fun, the magnetic particles and their movement during separation alter the fluid dynamics of the system and the magnetic fields themselves. All of this complexity is very dynamic and can change with changing operating conditions. Getting this process right has taken years of dedicated R&D which was primarily funded by the US Department of Energy. Our work in this area generated patents, extensive trade secrets and know-how that makes it difficult for anyone to easily copy what we do. That knowledge base also lets us continually advance our technology, ensuring we are always a moving target.  

To copy what we do, you need to copy multiple interlocking bits of IP (some public and some secret). In other words, Manta’s IP is well protected! This IP is part of what makes Manta valuable as an investment.

Invest in Manta today!

05.30.23

Manta Webinar #2 recording- now available.

For those who were unable to participate live, here's the video from Manta's second webinar on 18 May, 2023 when we talked about some of the latest successes in the field and the resultant business opportunities. Unfortunately we had to make edits to the recording because some of the webinar content was considered to be too much like business projections, so the powers that be at StartEngine requested that two portions of the video be removed. So, if you're watching the recording and the content seems like something is missing...you're right. We think that even missing two sections, the recording is worth a watch to learn more about recent Manta business developments.

Thanks to all who took the time to join us live and for the multitude of great questions we received before and during the webinar. We appreciate everyone helping to make it another interactive event. If you have a question that wasn't answered during the webinar, please reach out via the Discussion section of our campaign page.

 Thanks again!

https://youtu.be/ryQJKF-dNXk

05.26.23

(CORRECTED POST)- Do you know??

CORRECTED POST- Our apologies...hopefully this one makes more sense.

What is the $300B industry that you use every day and probably never thought about?

It's the wastewater treatment (WWT) industry!  It may not be the first thing that comes to mind when you think of an industry worth hundreds of billions of dollars, but when you consider how critical it is to our very existence, it’s clear why this market is so valuable. 

In the U.S. alone we treat at least 17 trillion gallons of wastewater per year, which includes municipal, industrial, and refinery waste. With growing demand for freshwater, many states are grappling with water scarcity. In addition, the discharge of untreated wastewater into our limited freshwater resources or oceans poses significant risks to both the environment and human health. In response to these challenges, the U.S. EPA implemented the Clean Water Act mandating municipalities to treat wastewater before release. 

So, why are these numbers important to us and you? 

Well, Manta happens to be a part of this huge sector, and we have the potential to make a real impact in various ways. A recent Fortune Business Insights report highlights three major takeaways that affirm Manta’s perfect fit in this space:

  • The water / wastewater treatment market is >$300B today and, driven by increased government regulations and increased water scarcity issues, is expected to grow at >$7% per year. In fact, the industry is expected to be worth $490B by 2029!
  • A constraint on market growth is the heavy investment required and increased complexity associated with today's large commercial water treatment systems. 
  • Increased competition amongst global players in WWT is driving consolidation of regional companies with unique technologies.

These points underscore the fact that Manta is engaged in a massive and growing market. Unlike current large and expensive systems, our proprietary technology offers an economically compelling solution that addresses many of the current challenges in wastewater treatment. Lastly, as we expand our technical and commercial successes, Manta will be well positioned for a strategic partnership or acquisition with / by a larger wastewater treatment company. It’s a good time to be Manta!

Invest now to be part of the change you want to see!!

05.25.23

Do you know???

It's the wastewater treatment (WWT) industry!  It may not be the first thing that comes to mind when you think of an industry worth hundreds of billions of dollars, but when you consider how critical it is to our very existence, it’s clear why this market is so valuable. 

In the US alone, we treat at least 17 trillion gallons of wastewater per year, which includes municipal, industrial, and refinery waste. With growing demand for freshwater, many states are grappling with water scarcity. In addition, the discharge of untreated wastewater into our limited freshwater resources or oceans poses significant risks to both the environment and human health. In response to these challenges the U.S. EPA implemented the Clean Water Act, mandating municipalities to treat wastewater before release. 

So, why are these numbers important to us and you? 

Well, Manta happens to be a part of this huge sector, and we have the potential to make an impact in various ways. A recent Fortune Business Insights report highlights three major takeaways that affirm Manta’s perfect fit in this space:

  • The water wastewater treatment market is >$300B today and, driven by increased government regulations and increased water scarcity issues, is expected to grow at >$7% per year. In fact, the industry is expected to be worth $490B by 2029!
  • A constraint on market growth is the heavy investment required and increased complexity associated with today's large commercial water treatment systems. 
  • Increased competition amongst global players in WWT is driving consolidation of regional companies with unique technologies.

These points underscore the fact that Manta is engaged in a massive and growing market. Unlike current large and expensive systems, our proprietary technology offers an economically compelling solution that addresses many of the current challenges in wastewater treatment. Lastly, as we expand our technical and commercial successes, Manta will be well positioned for a strategic partnership or acquisition with / by a larger wastewater treatment company. It’s a good time to be Manta!

Invest now to be part of the change you want to see!!

05.19.23

Manta's Magnetic Separation in Action

At the heart of Manta's innovative water cleaning system is its patented magnetic separation technology. By combining standard wastewater treatment techniques with magnetic sand, called magnetite, and proprietary magnetic disks, Manta is able to remove >90% of common water contaminants like algae, suspended particulate materials, and excessive nutrients like phosphorus and nitrogen. This powerful tool can be used to treat a variety of acute water pollution problems. 

Check out the video to see our technology in action at small scale. This process is exactly what drives our large scale water remediation systems. 

Be part of the change- Invest in Manta today!



05.18.23

Manta Webinar #2 is today!!

Please join us for our live webinar today at 4:00 PM EDT for a conversation with Dr. Ryan Powell, founder and CTO, and Chris Lindsay, CEO. We will record and post the webinar at a later date for those unable to attend in person.


05.16.23

Reminder- Manta Webinar this week

Please join us for a live webinar this Thursday, 18 May at 4:00 PM EDT for a conversation with Dr. Ryan Powell, founder and CTO, and Chris Lindsay, CEO. 

Click below to sign up.

05.12.23

What's the big deal about Manta's wastewater trials?

I wanted to provide an update about our Marlay Taylor Wastewater plant trial for those who could not stand to watch my poorly produced videos (completely understandable) with the unnecessary close-ups and goofy acting. This project was a big deal- a very big deal, so it bears highlighting with proper context.

To properly frame the opportunity, it’s important to understand the technology a bit. The use of magnetite (the same material we use in our system) to help settle biological waste is a well-established technology used in the wastewater treatment industry. There are a large and growing number of municipal wastewater facilities, like the Marley Taylor plant, that use magnetite in their process (at least 10 such facilities within 125 miles of Baltimore), so there’s a sizable market that already exists.

A problem that occurs at some wastewater plants like Marley Taylor is poor recovery of magnetite in the treatment process. Failure to recycle magnetite will drive up plant operating cost and reduce efficiency. This is an issue that we clearly identified during our trial. 

The great news is that Manta’s technology is a perfect solution to address the magnetite recovery issue at the Marley Taylor plant. When used to supplement the plant’s current magnetite recovery system, our technology was able to recover >90% of the magnetite that would be otherwise lost in the process. This recovery would translate to >$100 K in operational savings alone. 

Further, when we did a head-to-head comparison of the established magnetite recovery technology, Manta’s proprietary magnetic separator outperformed the competition on multiple fronts. Average recovery of the Manta system during the trial was 92%, which is 3-5x better than currently available technology. Additionally, the overall footprint and estimated cost of Manta’s system is approximately half that of the established technology.

Manta’s value proposition in the wastewater space is clear- we have a less expensive, robust technology that will immediately save the treatment plants money. Implementing Manta’s magnetic separators in this space is a straightforward solution, allowing for rapid market entry. 

Thus, this is why we think this successful trial at Marlay Taylor is a big deal!

Thanks!

Chris

 

05.11.23

Manta Webinar #2

Please join Chris Lindsay, CEO, and Ryan Powell, Founder & CTO, for Manta's second webinar. We'll be discussing the latest successful field projects and the business opportunities that may come from them. As with our previous webinar, we will focus more on interactive discussion and Q&A and go light on the slides. 

Please click on the link below to sign up.



Owners bonus
Stack Owner's Bonus & Rewards!

Members get an extra 10% shares in addition to rewards below!

REWARDS

Multiple investments in an offering cannot be combined to qualify for a larger campaign perk. Get rewarded for investing more into Manta Biofuel.

$210

Earn 10% Bonus Shares

Earn 10% bonus shares in this investment and all eligible investments for an entire year. If you are not already an Owners bonus holder, you can join now, for $275, billed annually.

$500

Tier 1

Invest $500+ and receive 5% Bonus Shares.

$1,000

Tier 2

Invest $1,000+ and receive 10% Bonus Shares.

$2,500

Tier 3

Invest $2,500+ and receive 15% Bonus Shares.

$5,000

Tier 4

Invest $5,000+ and receive 20% Bonus Shares.

$10,000

Tier 5

Invest $10,000+ and receive 25% Bonus Shares.

JOIN THE DISCUSSION

0/2500

jy
joseph yawe

3 INVESTMENTS

4 days ago

What was the inspiration for the name "Manta"? I don't think I've seen this information anywhere to date. Thanks.

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CK
Chan Komagan

15 days ago

Hi Chris - my last investment was not approved yet. Can you please take a look?

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AJ
Adrian Jackson

15 days ago

Chris I’m just providing another update for you. At the end of 2022 the US government had $877 Billion of cash on hand. The US government balance sheet is in a $34 Trillion Deficit. Now as of the end of Q1 2023 the US government have $316 Billion of cash on hand and it is not enough to cover their payments in June 2023. This is why the US government have so much anxiety, this is also why rumors of raising the debt ceiling is going around because if they can’t make those payments they will have to default and if they default the country will go into a deeper recession. This will effect the financial market, the military, Treasury bonds, anybody working for the government, veterans, retirees, people on government assistance programs. Interest rates will rise higher and inflation will rise higher as well. Which will be the beginning of the first year of adversity for the US. Chris my advice is for you to stick with StartEngine and don’t forget about Fundrise, the other company i told you about. Banks are pulling back. Whenever the default happen this is going to be huge opportunity for StartEngine and Fundrise. Fundrise started that innovation fund i told you about this is also going to be huge opportunity for them as well to invest in distressed start up companies whenever the default happens. Me and my team is keeping our eyes on this situation.

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CK
Chan Komagan

25 days ago

Hi Chris - What was the valuation at the end of the Republic campaign (sorry if this question was already asked)? And what is the valuation now? I am talking about per share value. Thanks

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kR
kevin Rivera

a month ago

Can you share some revenue projections?

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AJ
Adrian Jackson

a month ago

Chris 😁 lol, i got some more really good news that i know you’re going to like. Fundrise which is the other company i own a lot of shares in just started something i know Manta Biofuel will greatly appreciate. It’s called “Equitize”. Fundrise started a new private fund for their private investors called “Innovation Fund”. This private fund holds $1 Billion of our (Fundrise Investors) cash waiting to be deployed into innovative start ups. They’re doing it through a program they started called “Equitize”. Once you partner with Fundrise through Equitize not only will they cover your next funding round, since you’re partnered with them they will help with employee funding and payroll as well if needed. I know This will peak your interest Chris this way funding want be an issue for you. I’m sharing this with you Chris because i want to make sure you guys succeed as far as future funding and raising cash go. This will make me very happy because i will be able to see you on both Fundrise Innovation fund and on StartEngine. 😁 My 2 favorite companies. Here is the link to Equitize by Fundrise i know it will definitely peak your interest: https://equitize.app

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AJ
Adrian Jackson

a month ago

Chris I’m so glad you moved to StartEngine. I was looking at Republic financial statements earlier today and it’s looking bad. Republic is in a deficit. I hope Republic make it through the economic downturn. 2023 and 2024 are going to be the 2 years of adversity for the USA before things get better. Republic Income Statement and Balance Sheet does not look good at all. Republic is raising cash right now via notes on their platform. I checked StartEngine financials and StartEngine is doing superb so no worries there. My friends are concerned about Republic because so many people invested in so many start ups on republic so they’re concerned about what will happen if Republic happens to be one of the many financially irresponsible companies that will fall during this upcoming recession.

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CK
Chan Komagan

a month ago

Hey Chris - I recently added some funds to existing investment but it still says funds not invested. When will that be taken care?

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AJ
Adrian Jackson

a month ago

Chris i watched the webinar it was very informative. When you’re done filing your Form C. Notify your republic investors and let them know that international investors can now invest in this round on StartEngine. Also do another early bird special for them since they weren’t able to participate in the original early bird special due to US only limitations. Also send them a friendly reminder to make sure they register on Startengine with the same email they used to register on Republic that way they can receive their loyalty bonus.

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CL
Chris Lindsay

Manta Biofuel

2 months ago

Quick update on the the recording of Manta's webinar from last week...We just received the green light to post from StartEngine Compliance, so the webinar should hit the campaign page Monday (4/24). Sorry for the delay. Chris

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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.

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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.

For Regulation A+, StartEngine allows for a four-hour cancelation period. Once the four-hour window has passed, it is up to each company to set their own cancelation policy. You may find the company’s cancelation policy in the company’s offering circular.

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