Orbis Brakes
About this raise
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.
Investment Overview
Invested : $187,531
Deal Terms
Total Commitments
- Platform
- StartEngine
- Start Date
- 06/30/2022
- Close Date
- 09/27/2022
$10,008
$1,069,992
$240
Equity - Common
Growth Stage
RegCF
$12.00
$39,558,312
Company & Team
Company
- Year Founded
- 2021
- Industry
- Transportation, Automotive, Aviation, & Aerospace
- Tech Sector
- Distribution Model
- B2B
- Margin
- Low
- Capital Intensity
- High
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $11,000,000
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 09/27/2022 | StartEngine | $39,558,312 | $187,531 | Equity - Common | Funded | RegCF |