New York City-based Gaia Power Technologies, Inc. is uniquely positioned to develop next-generation power management solutions that allow efficient peak shaving, load leveling, and bridging of distributed electrical power for a wide cross section of users and applications. Their unique MSPS (Modular Stationary Power System) technology enables electric utilities to maximize their efficiencies and service five times as many customers without having to install new distribution lines. A slightly different solution serves as a unique peak shaving device for businesses with short but high power pulses. Yet another application caters to residential customers that are located in geographical regions that experience frequent electrical power outages either due to weather-related problems or overstrained distribution grids.

Gaia Power Technologies had already completed prototypes of its PowerTower solutions and entered into a joint venture with Con Edison of New York. They also received financial backing from the New York State Energy Research and Development Agency (NYSERDA).

The Challenge
Gaia Power Technologies Inc. needed access to additional working capital in order to be able to complete the design and development process of its unique PowerTower™ solutions and to launch them into targeted marketplaces. The client had already developed a sound internal action plan; however, Gaia’s senior management team didn’t have the resources and business planning core competencies to translate their existing document into a professional business plan that would meet the expectations of potential private equity investors.

The Solution
Fast Ventures assembled a dedicated business planning team and set up a “war room” to review and analyze a wealth of research and background information that was provided by the client. Every team member developed an intimate understanding of the client’s core business challenges and business objectives. Based on these insights the team commenced working on the draft of a business plan that would properly articulate their vision to private equity investors, lenders, and strategic partners.

While the assignment was underway we often faced the challenge to convey highly-complex and technical issues to an audience that would not necessarily have the same level of technical expertise as the founding partners of Gaia Power Technologies. We also assisted the client to further define their business model and segment existing market opportunities in the electrical power quality and backup power markets. Our financial analysts worked closely with Gaia’s senior management and their accountant to quantify their strategies and develop financial projections that were sustainable and in line with the expectations of potential private equity investors.
The Results
Fast Ventures delivered a strategic business plan that was well-received among the client’s lenders, strategic partners, and potential equity investors.

As a result, Gaia Power Technologies was able to extend existing credit lines and secured a bridge-loan from New York Community Investment Company (NYCIC). The company was also in a position to further its strategic relationship with the New York State Energy Research and Development Agency (NYSERDA) and secured further funding for its utility-grade PowerTower™ solution. Gaia Power Technologies was named “a Success Client” by New York City-based Industrial & Technology Assistance Corporation (ITAC) and nominated for the 2004 mayor’s award for its accomplishments in the energy field.

Gaia Power Technologies has successfully secured $2.25 million in Series A financing on October 24, 2005 and closed another round with proceeds of $2.9 million on March 13, 2007.

The Feedback
“We had a very complex business plan and Fast Ventures approached it very professionally, including making a “war-room” for all the back-up information we provided them with. They had a very good understanding of what was needed (and not needed) in our business plan. The final product was of high quality and well received by the various financial institutions we presented it to. We will continue to engage Fast Ventures as needed”.

Bige Doruk, President & CEO, Gaia Power Technologies, Inc.