The 2023 round built Vega, the first prototype. The next raise built Pulsar.
Michael Pratt, CEO · Pulsar demo, 23 Sep
The full answer
The first crowdfunding round in 2023 paid for Vega, the proof-of-concept prototype that validated the rotor, bearings, motor-generator and controls. The next raise brought Qnetic to Pulsar, the full-size prototype. How this round's money will be used is set out in the Form C.
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Qnetic Corporation is offering securities under Regulation Crowdfunding (Section 4(a)(6)) through DealMaker Securities LLC. Investing in startups involves significant risks, including loss of your entire investment, illiquidity, and dilution. Only invest what you can afford to lose. Offering details and risks: invest.qnetic.energy. Form C, as amended, on file with the SEC: read the offering statement on sec.gov.
Answers describe the company’s current understanding. Statements about future testing, production, timing and performance targets are forward-looking plans, not results, and may change. Where an answer and the Form C differ, the Form C governs. Nothing on this page is an offer to sell or a solicitation of an offer to buy securities; offers are made only through the offering documents on DealMaker.