AlgaStar

Food, CO2 and Oxygen for Space

Company Information

Website:

http://www.algastar.com/

Sector:

Agricultural products & related activities

Location:

Pensacola, Florida

AlgaStar Inc. is a disruptive platform technology company in the field of algae cultivation primarily engaged in the commercialization, development and production of systems and technologies that can produce algal biomass yield on a commercial scale well in excess of currently available technologies by utilizing sustainable and environmentally friendly systems.

Our innovative and proprietary design of the SolarMagnatronTM algae bioreactor enables both natural and artificial sunlight to be combined with electromagnetic field (EMF) energy in a single 4,000-gallon containment vessel, which we project will be capable of producing approximately a quarter to half ton (moist weight) of algae every 24 to 48 hours.

To the best of our knowledge, we are the only company that is using EMF stimulation as a way to boost algae growth potential which gives us a significant advantage versus the competition.AlgaStar is algae agnostic, therefore our SolarMagnatron™ bioreactor was designed to be as versatile as possible and can be easily adapted to grow various strains of algae in salt, brackish or fresh water, which are all free or available at minimal cost to us and are capable of producing many different types of “green” products.

The bioreactor is designed to continuously produce biomass by maximizing the use of natural sunlight during daylight by means of a device made primarily of fiberglass and flat glass reactors (red flat solar panel in the picture above). During the non-daylight hours, special acrylic lenses and glass panels containing high-efficiency lamps produce artificial light at a specific wavelength and power levels that are optimal for inducing algae photosynthesis.

Co-Investors

Raising
$200K
Committed
$513K (257%)
Current Valuation
$10 million Cap / 75% Discount
Min. Investment
$1000
Offering Type
Convertible Debt
Finance History
Notable Investors
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