📌 Raising the bar: the Duyunov Engines project is heading towards maximizing its potential

According to the original plan, it was necessary to attract $ 40 million of investments by the middle of 2020 in the Duyunov Engines project. We congratulate investors and project partners on the early completion of the task! And with confidence we can say that Duyunov Engines is a rare, perhaps the only project in the world that was able to raise such an amount through public funding.

However, the possibilities of our project are much more! Since the initial completion date for the project remains six months, and the pace of financing is increasing, it was decided not to stop there and raise the bar to $ 50 million. Thus, it remains to raise another $ 10 million.

The decision to extend the financing of the project was made for a number of reasons. Dmitry Alexandrovich Duyunov spoke in sufficient detail about them.

The project team was ready for any development of events and from the very beginning developed several scenarios, starting with the worst.

📋 1st script

Minimum investment collected. The construction of an innovation center will not begin. The funds will be used to develop a laboratory and a pilot site located on leased premises. Thanks to these capacities alone, SovElMash has developed 4 engine models that are ready to be put into production.

📋 2nd scenario

More money raised. We equip the laboratory and the administrative part of the building of the innovation center. We provide conditions for the work of designers, technologists, curators, as well as some other services.

📋 3rd script

Funds were raised for the implementation of not only the laboratory and the administrative part, but also for the organization of pilot production (the left part of the industrial building).

📋 4th script

Full funding. It allows you to build the entire innovation complex, but without equipping the small-batch production site and equipment of a part of the experimental site.

Despite the obvious successes of the project, the team did not cease to adhere to the 1st scenario. That is why, without waiting for the completion of the project and the construction of the engineering center, on the territory of SovElMash in Zelenograd they began to develop a research laboratory and production sites, supplying them with the most innovative equipment.

📋 However, there was another, most prosperous, 5th scenario. That is what the Duyunov Engines team will adhere to now.

If you collect an amount in excess of the planned, then you can realize the full potential of the project and significantly increase the profit of investors! The plans of the project team are to build and equip small-scale production, to produce and sell electric motors by themselves. In addition, its own production facilities will strengthen the position of SovElMash in the market and in negotiations with customers of motors.

After the financing of the project is completed, it will develop along the path of creating new plants both at the Alabushevo site and around the world. However, these will be other investment projects.

We thank all investors and participants of the Duyunov Engines project for helping us reach the best possible development scenario! 🙏 Together we will move on to the intended goal! 🙌

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