Heatwave Solar LLC

John Dolphin Mon, 2012-04-16 08:38

John Dolphin · Mon, 04/16/2012 - 08:38


Business Overview: 

Heatwave Solar is an emerging clean energy manufacturing company that designs and markets patented solar air heating equipment for sale into niche building markets.  Our original heater was successfully marketed in Canada and our newest model "The Harvester" is ready for commercial launch in the U.S.  The Harvester is a innovative, high performance and low cost product that is simple to install and operate.  

Project Type: 
Project Location: 
Minneapolis, MN, 55436
United States
What are your future milestones, and how much capital will you need to achieve each of the milestones outlined?: 

We are seeking $750k from accredited investorsfor commercial launch of our next generation solar heater.  

What is your total and operating cash burn (the amount you're spending) per month? : 

Discuss privately.

How many future rounds of financing do you project? : 

One or more.

Who is the Customer?: 

Residential and commercial building owners.

What is the Customer Pain that you are solving?: 

High cost and consequences of using fossil fuels for space heating.

Names of any current or recent customers: 

Discuss privately.

What is the Target Market?: 

Residential and commercial building owners.

How big is the Target Market in terms of Annual Sales?: 
Sales/Marketing Strategy: 

Discuss privately.


Fossil fuel-based space heaters and a handful of small solar heating companies.

Business Model: 

Heatwave will play a lead role as OEM of choice in expanding the market for solar heaters.  Our distribution will be a mix of direct and indirect selling, with a mix of possible vendor partners.

Product/Services Overview (what does it do): 

Solar air heaters offer supplemental heat that works in conjunction with primary heating systems.  They are mounted on the south-facing wall of buildings during installation.  A fan draws building air into a solar collector that continuously captures soalr thermal energy.  This heat is harvested by forced convection to the moving airstream and routed back into the building, thereby reducing the amount of fuel required from the primary system.


What makes the technology/business unique and have a defendable competitive advantage?: 

Innvovative design enhancements based on in depth research and development plus experience from our first generation product.

Describe in detail the technology used in the Project - Address the innovation in significant detail : 

Discuss privately.

What are the principles of the technology? : 

See "product".

What, if anything, has been proven (and how far is this from a commercial scale)? : 

Demo units operating today.

What challenges/risk does the technology face for commercialization?: 

Market acceptance.

Patent Numbers (Filed/Approved): 

Filed, discuss privately.


John DolphinCEO
Allan FinneyCTO


Amount Sought: 
If raising funds, what shall the funds be used for?: 

Commercial launch including inventory, administration, sales and marketing.

Pre-Money Valuation: 
Funding Received to Date: 
Amount invested by Founders: 
Funding Stage: 


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