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TurboGen Ltd. develops, manufactures, and commercializes micro turbines for electricity generation, including TG 40 and TG 200 models, with output up to 500 kilowatts, excluding military, electric vehicle, and aviation uses. The company was originally incorporated as Turbo-Gas Clean Energy Co Ltd. on May 27, 2014, and engages in systems engineering, quality assurance, marketing, and ancillary services related to this technology. Key historical investments include USD 1,250,000 from Anglo Turbo Limited Partnership for 450,000 ordinary shares (60% issued, 52.36% fully diluted), USD 250,000 total from ECO and PARIS HOLDINGS for 10% each, and allocations to R-Jet Engineering Ltd. for 20% plus additional shares tied to turbine development milestones, with R-Jet transferring intellectual property valued at ILS 1,500,000 and receiving royalties of 2-4% on company revenues. Recent financings feature multiple convertible loans and equity issuances, such as 1,118,163 shares to A.I. Azimuth Capital for $2.9 million in April 2025 and loan conversions in 2025 yielding shares at prices from NIS 6.58 ($1.80). This F-1/A filing dated March 20, 2026, signed by CEO Yaron Gilboa, supports a U.S. public offering to access capital markets, fund development completion, and scale commercialization amid ongoing reliance on loans and milestone-based equity.
Shares Offered
1,118,163
Issuer Type
The Company is engaged in development (including systems engineering), manufacturing, quality assurance, marketing, commercialization, and provision of ancillary services relating to products based on technology for micro turbines for electricity generation up to 500 kilowatts.