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LaserMotive stealthily raises $1.5 million

LaserMotive executives
LaserMotive’s David Bashford and Tom Nugent monitor an experiment. (LaserMotive via YouTube)

LaserMotive, a stealthy pioneer in laser-based power transmission that’s based in Kent, Wash., has raised more than $1.5 million in an equity offering, according to documents filed today with the Securities and Exchange Commission.

Investments totaling $1,515,733 have been registered over the past year, according to the filing. The investors’ identities have not yet been made public, and LaserMotive did not immediately respond to GeekWire’s inquiries today.

The company’s co-founder, president and CEO, Tom Nugent, told GeekWire in a January email exchange that LaserMotive has “continued to be in stealth mode over the last couple of years, and we’re not ready to go into too many details yet on where we are.”

LaserMotive focuses on laser applications for transmitting power. In 2009, the company won a $900,000 NASA prize in a competition for laser-powered robot climbers. In 2012, it kept a drone flying for 48 hours straight during a beamed-power demonstration for Lockheed Martin. And in 2013, it unveiled a commercial product to transmit electrical power over fiber-optic cables.

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By Alan Boyle

Mastermind of Cosmic Log, contributing editor at GeekWire, author of "The Case for Pluto: How a Little Planet Made a Big Difference," president of the Council for the Advancement of Science Writing. Check out "About Alan Boyle" for more fun facts.

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