VoltSafe meets increasing demand for its patented tech by launching strategic community financing round
June 6, 2022
VoltSafe is excited to announce it has launched an equity crowdfunding campaign with FrontFundr, Canada’s leading online private markets online investing platform, to raise capital to accelerate the company’s drive towards its licensing and commercialization goals.
The company’s prongless, high-power, electrical connector technology uses magnets and an electrical fingerprint, meaning it doesn’t turn ‘on’ until both sides are completely connected. The company is the first in the world to successfully safety certify a high voltage, prongless plug technology that doesn’t incur power transfer losses like other prongless technologies do. VoltSafe makes it safer, simpler and smarter to consume, monitor and manage electricity, at the outlet level, and sets a new global standard to connect and control high voltage.
Trevor Burgess, VoltSafe’s CEO, stated, “VoltSafe tech creates new demand across residential, commercial and industrial sectors worldwide. For over 140 years, we have been using an antiquated pronged plug technology. Design changes meant to improve safety have always come at the expense of the user experience and their wallet. VoltSafe tech improves efficiency, further accelerates the adoption of smart plugs, and brings with it positive social, economic and environmental impact.”
This year VoltSafe has already made significant strides on its strategic roadmap, ranging from receiving multiple patent grants from around the world, to new retail channel partners for its first fully commercialized product, to new R&D projects, partners, and licensing relationships.
Scott Carlson, the company’s CFO, added, “We’re hearing from various industry third parties indicating there is rising demand for our tech as a solution in numerous applications. Opening this crowdfunding campaign offers a rare opportunity for those seeking investment in an inventive private Canadian cleantech startup to support a global vision of smart and sustainable electrification. We’re at an exciting inflection point as we begin to execute our rapid growth strategy.”
VoltSafe first successfully pitched its discovery on CBC’s Dragons’ Den in 2018 with multiple Dragons vying to invest. Now, for a limited time, the raise is open to all investors. To learn more about investing, contact VoltSafe CFO, Scott Carlson, at invest@voltsafe.com. Or, invest now, at frontfundr.com/voltsafe. Details of the offering can be found in the Offering Document at frontfundr.com/voltsafe. This communication is for information purposes only.
About VoltSafe Inc.
VoltSafe Inc. is changing the way people connect to power. Headquartered in Vancouver, BC, the Canadian tech startup has reinvented the electrical plug by eliminating prongs, adding magnets and an “electrical fingerprint”. Using patented technology, VoltSafe has created the world’s safest, simplest, and smartest plug design since electricity came into homes more than 140 years ago. The company’s product pipeline includes magnetic plug replacement solutions for household, commercial, industrial, marine, electric and autonomous vehicles, emergency services, data centres and more.
About FrontFundr
FrontFundr is Canada’s leading online private markets investing platform and an exempt market dealer. It provides startups and growth companies access to capital, and gives investors access to private companies they believe in and want to support. It provides a community of 25,000+ investors with the ability to review and complete private placements on one digital platform. The company’s revolutionary technology allows users across Canada to invest in innovative growth businesses in under 12 minutes, starting from as little as $250. To date it has helped more than 60 companies raise over $60 million.
