Ogin, Inc. (fka FloDesign Wind Turbine), headquartered in Waltham, MA, is a venture-backed developer of high-efficiency shrouded wind turbine technology. The company was founded in 2007 and operates in the industries of Information Technology, Manufacturing, and Clean Energy. Ogin's innovative design applies a mixer/ejector aerodynamic technology, utilized in aircraft since the 1970s, to improve wind turbine performance. The technology aims to (1) significantly reduce the cost of energy of wind, (2) enable new distributed markets with lower wind speeds for wind power generation closer to load, and (3) increase the utilization per acre of land while reducing environmental impact. Notably, the Department of Energy has recognized the exceptional promise of Ogin's technology, providing funding through the Advanced Research Projects Agency – Energy (ARPA-E) program. Moreover, the company has secured over $130 million in funding from leading venture capital providers and strategic partners. The last investment of $55.00M Venture Round came on 19 December 2013, with NZ Super Fund being the investor. Ogin has established offices in Massachusetts, California, China, the Netherlands, and Denmark.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Venture Round | $55.00M | 1 | 19 Dec 2013 | |
Venture Round | Unknown | 1 | 01 Sep 2011 | |
Series B | $34.50M | 4 | 19 Jan 2010 | |
Grant | $8.33M | 1 | US Department of Energy | 26 Oct 2009 |
Series A | $6.00M | 1 | 31 Jul 2008 |
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