Seed round · open
$8.5M for 30%, released in two tranches.
GridLynQ builds V2G-enabled storage and bidirectional charging on marina, boat yard and RV park property. Hosts contribute the site; we fund and own the hardware. The first tranche builds the technology, the team and the legal spine. The second builds the first pilot, and only after the guarantees are in place.
- Total seed
- $8.5M
- 30% equity
- Tranche 1
- $2M
- 10% · at signing
- Tranche 2
- $6.5M
- 20% · at the pilot gate
- Host capital
- $0
- We fund and own the plant
The pitch · Kyle Ritchie, CEO
The dock is the bottleneck, not the boat.
I came to this from the water. I founded Electratide Marine to electrify vessels, and learned that the hard part isn't the boat — it's what the boat plugs into.
Marinas run pedestals on service sized for lightbulbs and battery chargers. No owner buys an electric boat they can't charge, and no marina spends six figures rewiring docks for boats that don't exist yet. That standoff is why this market has stalled.
We break it from the dock side. GridLynQ takes a long-term lease on the host site, pays for the upgrade and the storage block, and owns its performance for the life of the lease. The host risks no capital and gets a modern electrical service and a share of the revenue.
A harbour full of electric boats is a neighbourhood-scale battery that already exists. We put storage behind the meter, enrol the hulls and hand the utility one dispatchable, metered asset instead of another load problem.
Why now
Load growth is outrunning transmission
Coastal demand climbs faster than anyone can build lines, and the queue is years deep. Flexible capacity sited at the edge is worth more every year that stays true.
Vessel electrification happens regardless of us
Owners are buying electric hulls now. Each one carries a large pack that sits idle most of its life at a fixed, known location — a dock.
The money already exists in the tax code
There is real storage value most of these owners cannot use themselves. We can, and most of it goes back to them.
Three ways the business earns
The block
Lease-backed storage revenue at the host site, with a share to the host from year three.
The marketplace
A seller service fee and a buyer's premium on every credit sale we clear for enrolled owners.
Participation
Annual per-pack fees that arrive whether or not an auction clears — the steady line under the other two.
Where we honestly stand
Strengths
- The host puts in no capital — the offer is easy to say yes to
- Three revenue lines, one of them not dependent on an auction clearing
- Aggregation: we take the utility a block of ready sites, not one marina
- Provisional patent filing in preparation for the orchestration layer
- The software platform is built, not a slide
Weaknesses
- Nothing is energised and no site is under contract yet
- Capital-intensive per site before revenue arrives
- The supply relationship is at term-sheet stage
- Small team; execution rests heavily on the founder
- Credit value depends on rules still being written
Opportunities
- Utilities paying for edge flexibility in every coastal market
- Propulsion batteries are a storage class nobody counts
- RV parks and campground estates use the identical model
- Federal and state resilience funding aimed at waterfronts
- Early leases lock in cheap waterfront positions
Threats
- Tax-credit treatment could change or be denied
- Utility interconnection timelines slip
- A large integrator or marina chain moves first
- Electric-vessel adoption slower than modelled
- Insurance and permitting costs on marine storage
Nothing is energised and no site is under contract yet. Figures are modelled. Patent pending. The terms below are what we are proposing, subject to counsel on both sides.
The ask, tranche by tranche
$8.5M in total for 30% of the company. Each tranche has its own purpose and its own gate.
Tranche 1 — at signing
$2M for 10%
Technology, team employment build and legal work
- Engineering and controls work to take the block design from drawings to a buildable package.
- Employment of the core team — engineering, delivery and site development.
- Entity, lease, SPV and licence legal work so a pilot can be signed cleanly.
Released on signing. No site conditions.
Tranche 2 — at the pilot gate
$6.5M for 20%
First pilot build
- Released only once the guarantees are in place.
- Recorded long-term host lease at the pilot site.
- Interconnection position established with the utility.
- First lien on the physical plant and the batteries.
Conditional. If the gate is not met, tranche 2 is not drawn.
Follow-on rounds are priced off capacity actually under management — signed host leases, an accepted interconnection study, then blocks energized and operating — not off a narrative.
The gates, and what 30% buys
The raise is one round of $8.5M for 30% of the company, released in two payments. The first is unconditional. The second is held back until the pilot site is real on paper.
Gate one — the lease
A recorded long-term host lease at the pilot site, on a long-term host site agreement, with the landlord's consent to our equipment staying on the land and no landlord lien against it. Until that document is recorded, the site is a conversation, not a project.
Gate two — the interconnection
An accepted interconnection position with the utility for the pilot block. No hardware is ordered against a study that has not been accepted, because interconnection timing — not construction — is what moves a schedule.
Gate three — the security
A first lien position on the physical plant and the batteries, so the second payment sits behind hard assets at a committed location rather than behind a plan.
The 30% ownership stake
- 10% vests with the $2M paid at signing.
- The remaining 20% vests with the $6.5M paid at the pilot gate.
- Equity is in GridLynQ Inc. — the operating company that holds the technology, the leases and the project entities.
- If the gate is never met, the second payment is never drawn and the stake stays at 10%.
What this protects
Splitting the round this way means the larger cheque is never exposed to the two things that actually sink a first project: a site that cannot be secured for the long term, and a utility connection that never arrives. Both are settled in writing before the money moves.
Figures, gates and vesting are the terms we are proposing. Final documents are subject to counsel on both sides.
Read the terms first
A short written summary of both tranches, the lease, interconnection and lien conditions, how the 30% vests, and our status disclosures. Take it away, read it, then write to us.
What the capital builds
The host contributes the site, not capital
Marinas, boat yards, RV parks and campgrounds host a hub under a long-term host site agreement. GridLynQ funds and owns the equipment, and carries the performance and replacement obligation.
Hardware is standardized and prefabricated
Capacity arrives as a prefabricated battery block, built to a repeating specification and added standard prefabricated blocks, added one at a time as demand grows as enrollment grows.
One model behind every number
Capex, EBITDA, enterprise value and host economics all convert through the same block model, so the estimator a host uses and the capital ladder an investor sees cannot drift apart.
Interactive hub & spoke model
Add prefabricated battery blocks and watch how capacity flows to each connected property.
Slip pedestals carry bidirectional feeders. Enrolled vessel batteries dwell at the dock and answer hub dispatch without the operator touching a thing. In support mode the hub pushes stored energy out to this property during peaks and outages.
The pitch deck
10 slides, walked live or read on your own. The full deck sits in the private investor room; here is what it covers.
- 01
GridLynQ Inc.
Docks are plugging into a grid that is running out of room
- 02
The model
We lease the site, we own the plant, the host puts in nothing
- 03
How it scales
Hub and spoke, in 5 MW prefabricated blocks
- 04
Go to market
Site control first, then the utility
- 05
The roadmap
Five pilot environments, each proving a different thing
- 06
Second channel
The government channel
- 07
Technology position
The EcoJiva licence
- 08
Intellectual property
Provisional patent filing in preparation
- 09
The ask
Two tranches, secured by steel at the gate
- 10
Next step
Start the conversation
Reach us directly
Send a note and it comes straight to Kyle Ritchie. We reply with the deck, the factsheet and a time to talk.
Why split the raise into two tranches?
Tranche 1 buys the things that must exist before any site can be committed — the buildable block package, the core team and the legal spine. Tranche 2 is only drawn once the pilot is de-risked: a recorded lease, an interconnection position and a first lien on the plant and batteries.
What secures the second tranche?
First lien on the physical plant and the batteries, with the recorded long-term host lease behind it. The containers are serialized, movable assets whose residual value does not depend on any single site.
What is the largest risk?
Interconnection timing. It is why the interconnection position is a condition of tranche 2, and why no block is ordered against a study that has not been accepted.
Terms shown are indicative and subject to definitive documentation. Nothing on this page is an offer to sell securities. Hosting a hub instead? See the host partner program.