Braidy Industries

Regulation Crowdfunding offering on Netcapital

$2.49M

of $1.07M goal

233.0% funded

About the offering

Did you know that it costs more than $20,000 to launch a single pound of material into space? Or that car companies need to cut 270 pounds from the average vehicle by 2025, in order to meet legislated fuel efficiency standards? Major industries from all over the world have spent years trying to solve the problem of cutting weight from their products, while maintaining strength and integrity. Today, lightweighting is a mega-trend, causing a generational revolution in global transportation, defense, and metals and mining companies. One common solution, for the automotive industry for example, is to substitute light metals like aluminum for heavier metals like steel. However, recent tariffs have caused a significant shortage of aluminum in the North American market, bringing rise to the need for additional supply. And on the next frontier, there is a growing need for even harder, stronger and more heat-resistant replacement materials. The Solution - Braidy Industries offers multiple solutions to solve the lightweighting problem: Veloxint - our proprietary, ultra high-strength, next generation metal alloy that is stronger than steel and lighter than stainless, 3x stronger than today's most commonly-used metals. The Braidy Atlas Mill - a state-of-the-art aluminum mill now under construction in Ashland, Kentucky that should allow us to produce sheet aluminum for the automotive industry at a 20-30% discount to peers

FAQ

How much has Braidy Industries raised?

Braidy Industries has raised $2.49M of a $1.07M goal.

Where is Braidy Industries's campaign listed?

The offering is listed on Netcapital, an SEC-registered Reg CF intermediary.

What are the terms of Braidy Industries's raise?

Common Stock, $744.63M cap, $18.00/share.

When does Braidy Industries's offering close?

The stated close date is Jul 22, 2019.