Orbis Brakes
Growth Stage
The Future of Braking
Overview
Raised: $187,531
Total Commitments ($USD)
Platform
StartEngine
Start Date
06/29/2022
Close Date
09/27/2022
Min. Goal
$10,008
Max. Goal
$1,069,992
Min. Investment
$240
Security Type
Equity - Common
Series
Series A
SEC Filing Type
RegCF
Price Per Share
$12.00
Pre-Money Valuation
$39,558,312
Rolling Commitments ($USD)
Status
Funded
Reporting Date
10/01/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$2,107
# of Investors
167
Momentum
Funded
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Year Founded
2021
Industry
Transportation, Automotive, Aviation, & Aerospace
Tech Sector
Hardwaretech
Distribution Model
B2B
Margin
Low
Capital Intensity
High
Orbis Brakes, with a valuation of $39.6 million, is raising funds on StartEngine. The company uses its innovative and patented technology to make lightweight, high-performance brakes. The business uses a revolutionary aerodynamic design to create brakes that reduce unsprung weight, speed cooling, improve traction, and increase fuel efficiency. Orbis Brakes has collaborated with NASA to create a rotor design with a periodic wave pattern to generate surface cooling. Marcus Hays, Chance Claxton, and Scott Streeter founded Orbis Brakes in December 2021. The current crowdfunding campaign has a minimum target of $10,008 and a maximum target of $1,069,992. The campaign proceeds will be used for product development and testing.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$580 |
$0 |
| ||
| ||
|
Net Income |
$0 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$0 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$0 |
$0 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 06/29/2022
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