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VoltSafe Media Release – October 2, 2024
VANCOUVER, BC, CANADA – (October 2, 2024) – VoltSafe is excited to announce today that it has launched a strategic equity crowdfunding campaign with FrontFundr, Canada’s leading online private markets investing platform. Equity crowdfunding enables anyone to be able to invest in VoltSafe. The goal is to raise incremental capital to accelerate VoltSafe’s current trajectory and drive the company towards its licensing and commercialization goals, including reaching an estimated $5M sales target of its marine shore power solution in early 2025.
Trevor Burgess, VoltSafe’s Co-Founder & CEO, commented, “Investing in VoltSafe through our FrontFundr campaign drives the commercialization of our award-winning marine shore power solution in 2025. We’ve jumped huge hurdles, built a strong IP moat, and are disrupting the lucrative marine industry ripe for innovation. This is a unique opportunity to become a shareholder of a deep tech company at an exciting inflection point.”
Since its last FrontFundr campaign, VoltSafe has made significant strides on its strategic roadmap. The company has reached several major milestones, received grants, and has been invited to engage in prominent accelerators. VoltSafe has also won awards for its flagship technology, including two CES Innovation Awards and a prestigious IBEX Innovation Award later that year. Last fall, VoltSafe won the Startup Competition at METSTRADE, the world’s biggest marine trade show. The company also earned the distinction of being named one of Canada’s Most Investable Cleantech Companies in the Foresight Top 50. VoltSafe received two grants in the past year: a BC Fast Pilot Grant from Innovate BC and NRC-IRAP to advance the development of its award-winning marine shore power hardware and software; and procured a $550,000 grant from the Government of Canada to advance its multi-purpose 15A prongless magnetic connector.
Extending beyond grants and awards, VoltSafe was invited to engage in several established mentorship programs and accelerators including the AgeTech Collaborative from AARP ®, was selected to join the 2023 US CTA Climatetech accelerator by the Government of Canada’s Trade Commissioner Service, and the SoCal Cleantech Express Initiative by the Consulate General of Canada in Los Angeles. Most recently, VoltSafe graduated from Creative Destruction Lab Atlantic’s Oceans Stream and immediately embarked on an Ocean Supercluster project as part of a consortium of marine innovators (CEPAC).
VoltSafe launched an oversubscribed North American marine pilot program and began receiving binding Purchase Orders, confirming that VoltSafe’s marine solution indeed solves critical core pain points that have plagued marinas worldwide for more than a hundred years.
Scott Carlson, VoltSafe’s CFO, added, “Our first FrontFundr campaign was significantly oversubscribed and we continuously receive inquiries asking when VoltSafe is going to open another community raise. We are now on the cusp of large scale commercialization, significant revenue and EBITDA, and rapid growth. We firmly believe VoltSafe’s Marine Solution produces the holy grail of Product Market Fit, IP Moat, Strong Margins, and a Multi-Billion Market (Hardware ~$10B and Software ARR ~$225M). Opening this equity crowdfunding campaign offers a rare opportunity for retail investors to become shareholders in one of North America’s most exciting deep tech startups, ahead of institutional investors. VoltSafe is the only company in the world able to do what we do.”
The company’s prongless, high-power, electrical connector technology uses magnets and an electrical fingerprint for high voltage power transfer. VoltSafe is the first company in the world to successfully safety certify a high voltage, prongless plug technology with exposed contacts. The company’s flagship technology doesn’t incur power transfer losses like other prongless technologies do, and makes it safer, simpler and smarter to connect to and manage electricity at a granular level, rivalling aerospace safety levels. The team first successfully pitched its discovery on CBC’s Dragons’ Den in 2018 with multiple Dragons vying to invest in VoltSafe. It has since conducted an extensive amount of heavy lifting on testing, research and development, successfully achieved safety certification on its first-to-market product which sold nearly 10,000 units at major national retailers, and built a strong patent moat around its IP (intellectual property).
To learn more about investing, contact VoltSafe CFO, Scott Carlson, at invest@voltsafe.com. Or, invest now, at frontfundr.com/voltsafe. Details of the offering can be found in the Offering Document HERE. This communication is for information purposes only.
About VoltSafe Inc.
VoltSafe Inc. is improving the way people connect to power. Headquartered in Vancouver, BC, the Canadian tech startup has reinvented the electrical plug by eliminating prongs, adding magnets and an “electrical fingerprint”. Using patented technology, VoltSafe has created the world’s safest, simplest, and smartest plug design since electricity came into homes more than 140 years ago. The company’s product pipeline includes magnetic plug replacement solutions for household, commercial, industrial, marine, electric and autonomous vehicles, emergency services, data centres and more.
About FrontFundr
FrontFundr is Canada’s leading online private markets investing platform and an exempt market dealer. It provides startups and growth companies access to capital, and gives investors access to private companies they believe in and want to support. It provides a community of 40,000+ investors with the ability to review and complete private placements on one digital platform. The company’s revolutionary technology allows users across Canada to invest in innovative growth businesses in under 10 minutes, starting from as little as $250. To date it has helped raise over $200 million across 150 successful funded campaigns.