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Overview

Listed On:
Raising Status:
Removed
City:

Portsmouth

State:
New Hampshire
Country:
United States
Bio:

Elecyr Corporation was formed to build marine hybrid electric propulsion systems. Electric boats are about as off-grid as power systems can be. Not only do they have all the problems of large motor loads, hot engine rooms, wet and corrosive environments, and sometimes inexperienced maintenance, but they also need to be serviced in places where parts may be weeks away. Safety for high voltage electric power is, of course, paramount in this environment and difficult to achieve. This is the ultimate proving ground for the technology that lead to the Digital Microgrid™.

Investment Details:

Elecyr pulled their offering from EquityNet. EquityNet is reporting a raise of $475000.00 but Bill Southworth, CEO of Elecyr is stating that they have not raised any money from EquityNet. They have completed one round privately and are looking to raising an additional round of $3 million and are exploring firms to help with the process. They are listed on Angellist for $1 million.

Founder Picture:

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