Small wind manufacturer raises $1m for operational plan

April 6, 2010

Helix Wind Corp., the small wind turbine manufacturer based in San Diego, CA, said today it has closed a financing round with Illinois-based St George Investments to the tune of $999,500.

Helix, which designs, manufactures and sells small vertical-axis wind turbines ranging from 300W up to 4kW in output, will receive the funds in five tranches during the next four months.

Scott Weinbrandt, Helix Chairman, CEO and President, said the financing would allow his firm to complete and execute Phase 1 of its strategic plans, preparing for a public offering that would bring in more capital.