Greenkraft, Inc. (OTCPK:GKIT) announced that it will raise $2,500,000 in a round of funding on January 31, 2014. The company will issue common stock pursuant to exemption provided under Regulation D. The minimum investment accepted from any outside investor is $25,000.

As of April 4, 2014, the company has received $495,000 in funding from 12 investors including 7 non-accredited investors in the first tranche.

As of May 5, 2014, the company announced that it has issued 3,400,000 shares at $0.50 per share for gross proceeds of $1,700,000. The company has received $1,205,000 in second tranche closing. The company has also received deposits of $75,000 to be applied to the purchase of 150,000 shares, which have not been issued. All of the shares issued as part of the transaction are subject to an 18-month lock-up period.