INGINE was successful in investing model crowdfunding in April 2016.
In February 2016, INGINE challenged investing model crowdfunding through the WADIZ website to promote corporate value and stimulate inducement of investment.
A project called “Wave Energy, Think Environment” attracted 470 million won from 233 investors.
On the first day of the crowdfunding event on February 25, 80 million won was raised, and the target amount of 300 million won was raised before the event ended.
Not only INGINE, but everyone involved in the project was surprised by the interest of investors.
Since the target amount was raised two weeks before the event ended, INGINE raised the target amount to 400 million won to give investors an opportunity to further invest.
A total of 476 million won was raised. Due to the fact that the shares were allocated to the target amount, the actual shares closed at 450 million won.
During the fundraiser, many people showed interest in investing in INGINE, and what was really surprising was that the investors’ questions were quite technical. We felt that we gained strong support from the stockholders who showed interest in INGINE’s business.
From now on, INGINE will do business with greater responsibility.