OurCrowd is proud to announce the funding for our 1st U.S. portfolio company Lucid Energy Inc., a provider of renewable energy systems. Lucid Energy’s patented LucidPipe™ Power System enables industrial, municipal and agricultural facilities to generate clean, reliable, low-cost electricity from the water grid.
“We are thrilled to be working with OurCrowd,” said Gregg Semler, CEO of Lucid Energy Inc. “The speed and efficiency of the OurCrowd platform – which has brought entrepreneurial investors to us from as far away as Israel, New York, Brazil and Australia – is amazing.”
Lucid Energy, based in Portland, Oregon, was formed in 2007 as an innovative clean technology company focused on creating a new way for industries to turn the untapped energy of moving water into cost-saving, renewable energy.
“Water usage worldwide is growing rapidly, and in order to meet this demand, thousands of miles of water pipelines are being built in fast-developing countries while, at the same time, many of the world’s existing pipelines are aging and in dire need of repairs.”
For more information read the full article published on MarketWatch.