# Vortex Power Systems

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/vortex-power-systems

- Industry: Power & Utilities
- Headquarters: Auckland, New Zealand
- Website: www.vortexpowersystems.com/
- Total disclosed funding: $2M
- Latest round: Seed (Sep 24, 2021)
- Investors on record: 3

## About

Founded in 2006 by its Chief Scientific Officer, Richard Flay and Chief Technical Officer, Neil Hawkes, and based in Auckland, New Zealand, Vortex Power Systems Ltd., operates as a developer of energy technology designed to improve efficiencies in power generation by capturing and converting waste heat at existing thermal power stations to electricity. In September 2021, Vortex Power Systems Ltd. raised USD 2 million in seed funding led by Pacific Channel with participation from K1W1 and Enterprise Angels. As of 2023, the company is led by its CEO, Perzaan Mehta.

Vortex Power Systems offers innovative technology known as Buoyancy Vortex Technology connects to existing on-site infrastructure to generate electricity from waste heat.

It creates a controllable freestanding atmospheric vortex, that concentrates high wind speeds, driving a turbine at the base to generate electricity.

The company uses technology to reduce the fuel and carbon emissions of thermal power plants while utilizing waste heat from various industries.

## Funding rounds

- Seed, Sep 24, 2021, $2M — Pacific Channel, Enterprise Angels, K1W1

## Investors

- Pacific Channel (https://capitalatlas.ai/funds/pacific-channel) — Seed
- Enterprise Angels (https://capitalatlas.ai/funds/enterprise-angels) — Seed
- K1W1 — Seed