VoltSafe Media Release – January 23, 2025
VoltSafe Extends Financing Round Following Overwhelming Response
VANCOUVER, BC, CANADA – (January 23, 2025) – After raising over $850K CAD in its initial 90-day campaign, VoltSafe is pleased to announce it is relaunching its equity crowdfunding campaign with FrontFundr, Canada’s leading online private markets investing platform. The raise will continue for up to another 60 days with the next official closing date to be announced. This extension comes in response to interest and ongoing inquiries from retail investors eager to participate in the company’s rapid growth and groundbreaking patented technology. This interest reflects growing investor confidence in VoltSafe’s ability to achieve key milestones.
Scott Carlson, VoltSafe’s CFO, noted, “We are thrilled by the enthusiastic reception to our FrontFundr campaign. Relaunching the campaign allows more Canadians to join us in revolutionizing how the world connects to electricity. VoltSafe is on the brink of transformative growth, with Product Market Fit, an IP-protected moat, and significant revenue opportunities across multi-billion-dollar markets. This campaign is a chance for retail investors to participate before we seek institutional capital.”
VoltSafe’s award-winning prongless magnetic connector technology has continued to gain momentum:
- Recognition and Awards: VoltSafe was named one of Canada’s Most Investible Cleantech Companies and won prestigious accolades. Most recently, VoltSafe’s CTO was honoured with a Young Leader Award for notable achievements in innovation within the marine industry.
- Grants and Funding: VoltSafe secured $550,000 in government funding to advance its 15A prongless connector technology and additional grants to accelerate its marine solution.
- Accelerators and Mentorships: VoltSafe was selected to participate in renowned programs, including Creative Destruction Lab Atlantic’s Oceans Stream, AARP’s AgeTech Collaborative, and the US CTA Climatetech Accelerator.
- Market Validation: VoltSafe’s recent marine pilot program was oversubscribed, resulting in binding purchase orders, validating the demand for its innovative shore power solution.
This raise provides capital to support commercialization of VoltSafe’s flagship technology. As the only company in the world to safety certify high-voltage prongless technology with exposed contacts, VoltSafe is pioneering a safer and smarter future for electrical connections across industries, including marine, EV, autonomous robotics, defence, home energy and more.
To learn more about investing, contact VoltSafe CFO, Scott Carlson, at invest@voltsafe.com. Details can be found in the Offering Document on the campaign page which is open to investment now at frontfundr.com/voltsafe.
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.