Arista Power, Inc. announced a private placement of 4,420,000 shares at $0.25 per share for gross proceeds of $1,105,000 on July 31, 2013. The transaction involved participation from 12 institutional and private investors. The company also issued warrant to purchase an aggregate of 2,210,000 shares of company at an exercise price of $0.30 per share for a period of 5 years. The company issued securities pursuant to exemption provided under Regulation D. The company paid $10,000 as legal fees to Haynes and Boone, LLP for advising to the investors. Dov Schwell of Schwell Wimpfheimer & Associates acted as legal advisor to the company.

On the same date, the company received $1,105,000 in funding.