Ogin Inc.

Ogin Inc. focuses on developing innovative wind turbine technology to deliver affordable and sustainable energy solutions that cater to commercial, industrial, and municipal clients. Founded in 2007 in Waltham, US, Ogin Inc. specializes in wind turbine technology.

The company was involved in a significant transaction in December 2017 when Halo Energy acquired its wind-turbine technology, although financial terms were not disclosed. Ogin has completed a total of 7 deals, with its latest funding round being a Series C, where it raised USD 32. 60 mn backed by investors such as Alberta Investment Management Corporation (AIMCo) and Goldman Sachs Merchant Banking Division. As of now, Ogin's total amount raised stands at USD 32.

60 mn, with a current company valuation of USD 323. 685 mn. Ogin specializes in the development and manufacturing of innovative wind turbine technology aimed at providing affordable and clean energy solutions. Their flagship product features a unique design with advanced aerodynamic capabilities to optimize energy capture from wind, catering to various environments, including urban and rural areas.

The turbines are designed for efficiency and sustainability, minimizing environmental impact while maximizing energy output. Ogin targets commercial and industrial enterprises, utility companies, and municipalities that are transitioning to renewable energy sources, primarily serving North America and select European markets. Ogin generates revenue through direct sales of its turbine systems to businesses and government entities within the clean energy sector. The primary transaction structure is B2B, where clients typically procure turbine installations as part of larger renewable energy projects.

Collaborations with utility companies and energy developers support these transactions, offering tailored energy solutions. Pricing reflects the value delivered through energy savings and sustainability, with options for both upfront purchases and potential long-term service agreements, making Ogin's products essential in advancing renewable energy accessibility. Ogin aims to expand its product portfolio with new turbine designs and enhancements planned for release in the coming years. The company has identified markets in Europe for geographical expansion, targeting a broader audience seeking clean energy solutions.

Recent funding from the Series C round will support these initiatives, enabling Ogin to innovate and enhance its market presence further. Additionally, the acquisition of its wind-turbine technology by Halo Energy signifies strategic alignment and potential for future collaborations.