Orbis Brakes

Orbis Brakes

Growth Stage

The Future of Braking

The Future of Braking

Overview

Raised this Round: 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    Open SEC Filing

Price Per Share

$12.00

Pre-Money Valuation

$39,558,312

Year Founded

2021

Industry

Transportation, Automotive, Aviation, & Aerospace

Tech Sector

Hardwaretech

Distribution Model

B2B

Margin

Low

Capital Intensity

High

Location

Santa Rosa, California

Business Type

Growth

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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Orbis Brakes on StartEngine 2022
Platform: StartEngine
Security Type: Equity - Common
Valuation: $39,558,312
Price per Share: $12.00

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