Orrin Xu · Sun, 02/14/2010 - 14:44
Business
Business Overview:
Purdue Power seeks US$15,000,000 in seed capital to fund the setting up of the company and the construction of a solar cell production line facilitating an emerging market. In return Purdue Power is willing to exchange up to 33% worth of equity to the investor
Project Type:
Industry:
Project Location:
Qin Huang Dao, 066000China
Services Desired:
Accounting
Sales/Marketing Strategy:
Alternative energy is currently one of the biggest drivers in the market these days. In particular, Solar Energy is being pushed the hardest due to its fairly fast payback and ease of rolling out. However, the majority of manufacturers either produce solar cells which are innately inefficient but cheap or highly efficient solar cells with a high price tag.
Business Model:
The Concept
Purdue Power has developed a technique which will be able to produce high performance solar cells at costs comparative to current mass produced solar cells. Our unique proprietary technology is the amalgamation of over 20 years of solar cell research in the lab. It uses a special technique to drastically reduce the time required to produce the cells while also using much cheaper raw materials during the processing. Purdue Power's revenue will be through contracts from solar panel manufacturers, solar power plant construction and consulting. FreeSun’s ultimate goal is to produce cells that will be able to be sold to disadvantaged communities at costs that they are able to afford while retaining a profit margin for the company
Technology
Team
| Name | Title |
|---|---|
| Orrin Xu | Other |
Financials
Amount Sought:
$15,000,000 If raising funds, what shall the funds be used for?:
seed capital to fund the setting up of the company and the construction of a solar cell production line
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