Oscilla Power

Harnessing the Ocean to Create Energy

Company Information

Website:

https://oscillapower.com/

Sector:

Energy Efficiency

Location:

Seattle, WA

Oscilla Power is developing energy conversion equipment that harnesses the power of ocean waves.

The company’s flagship wave-energy converter is called the “Triton.” This is a large surface float that connects to a ring-shaped reaction structure. As waves move the float, it reacts against the ring-shaped structure, causing a rotation of drivetrains and creating energy.

Oscilla has earned more than $15 million in milestone-based grant funding, and has been issued 16 patents.

It aims to deploy its energy converter in Q1 2021.

Team Background

Rahul Shendure - Co-Founder & Board Chair
Tim Mundon - Vice President of Engineering
Balky Nair - Co-Founder & President
Raising
$1.07 million
Committed
$42K (4%)
Current Valuation
$13 million Cap / 20% Discount
Min. Investment
$100
Deal Type
Title III
(For all investors)
Offering Type
Convertible Debt
Finance History
  • $540K
    2017-01-01
    Unknown
    (Convertible Note)
  • $750K
    2013-03-01
    Unknown
    (Preferred Stock)
  • $565K
    2011-10-01
    Unknown
    (Preferred Stock)
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