Iouri Balachov
Menlo Park, CA (USA)
Role(s):
C-Level Executive (CEO, CFO, etc.)
4D Energetics, Inc.
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Startup
Location:
Menlo Park
Industry:
Other
Year Founded:
2013
Number Employees:
1-10 people
Business Stage:
Growth (not profitable)
Entity Type:
"S" Corporation
Description:
Company develops energy storage systems for remote users and renewable support based on new type of rechargeable battery. Product (batteries+power electronics) is expected to have 2-3 times lower cost in comparison with competitors with 60%+ profit margin on sales. Company has manufacturing partners and customer interest with expected sales exceeding $60m in 2018.
We are looking for 3m round A investment to start product manufacturing, demonstration, and first sales within 18 months. Minimal amount we ask a co-investor for is $500,000. Company received 1.16m seed funding from Bright Capital in 2012.