NextPower360
Asheville, US · Founded 2022 · Delaware corporation · 1 known investors
NextPower360 develops RadialX, a patent-pending electric motor and generator architecture designed for higher continuous power density in lighter, more compact machines while reducing dependence on rare-earth magnets. It targets applications such as aerospace and defense, maritime systems, extended-range EVs, and wind power.
Founders & leadership
BA
Benedetto A. IacovelliExecutive
MS
Michael ShoreExecutive
Board
TB
Thomas B. JonesBoard director
JO
Investors · 1
Reported raises · per SEC filings
Form D private placements$1M disclosed across 1 round · 2023
▶$1MraisedJul 2024 · 15 investors · OtherRule 506(b)
▶$1MraisedJul 2024 · 15 investors · Other
Rule 506(b)Officers, directors & promoters on the filing
- Thomas B. JonesDirector
- Benedetto A. IacovelliExecutive Officer, Director
- John OsborneDirector
- Michael ShoreExecutive Officer, Director
- Offering amount
- $1.9M
- Amount sold
- $1M
- Minimum investment
- $9K
- First sale
- Dec 2023
- Incorporated
- Corporation, Delaware, 2022
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
In the news
Frequently asked questions
- What does NextPower360 do?
- NextPower360 develops RadialX, a patent-pending electric motor and generator architecture designed for higher continuous power density in lighter, more compact machines while reducing dependence on rare-earth magnets. It targets applications such as aerospace and defense, maritime systems, extended-range EVs, and wind power.
- Who are NextPower360's investors?
- NextPower360's investors include Good Growth Capital.
- How much funding has NextPower360 raised?
- NextPower360 has disclosed $1M raised across 1 round.
- Where is NextPower360 headquartered?
- NextPower360 is headquartered in Asheville, US.