Orbotics

Orbotics

Orbotics, with a valuation of $5 million, is raising funds on StartEngine. The company aims to progress research in low Earth orbit through leading-edge technology. Orbotics is focused on safety and sustainability and plans to specialize in space debris removal, space weather sensors, and innovative satellite technologies. The D3 deorbiting technology of Orbotics offers SmallSat operators a non-explosive and cost-effective way to return satellites to Earth’s atmosphere and ensure space stays free of debris. Erik T. Long and Jane Ielmini founded Orbotics in June 2020. The current crowdfunding campaign has a minimum target of $15,000 and a maximum target of $1.24 million. The campaign proceeds will be used for research and development, inventory, company employment, sales, marketing, and operations.

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Investment Overview

Raised this Round: Raised: $30,740

Deal Terms

Total Commitments ($USD)

Platform
StartEngine
Start Date
10/07/2024
Close Date
01/06/2025
Min. Goal
$15,000
Max. Goal
$1,235,000
Min. Investment

$500

Security Type

Equity - Common

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.00

Pre-Money Valuation

$5,000,000

Company & Team

Company

Year Founded
2020
Industry
Transportation, Automotive, Aviation, & Aerospace
Tech Sector
Hardwaretech
Distribution Model
B2B
Margin
Medium
Capital Intensity
High
Location
Thousand Oaks, California
Business Type
High Growth
Company Website
Visit Website

Team

Employees
3
Prior Founder Exits?
No
Founder Name
Eric Long
Title
CEO
Founder Name
Jane Lelmini
Title
COO

Financials

as of July 31, 2024
 Revenue +1,437% YoY
$305,099
 Monthly Burn
$25,555
 Cash on Hand
$50,063
Gross Margin
38%

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$305,099

$19,847

COGS

$188,138

$22,800

Tax

$0

$0

 

 

Net Income

$29,773

$-5,231

Summary Balance Sheet

FY 2023 FY 2022

Cash

$121,233

$187

Accounts Receivable

$0

$0

Total Assets

$135,806

$187

Short-Term Debt

$41,598

$13,250

Long-Term Debt

$95,000

$15,000

Total Liabilities

$136,598

$28,250

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
01/06/2025 StartEngine $5,000,000 $30,740 Equity - Common Active RegCF
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Add to portfolio
Orbotics on StartEngine 2024
Platform: StartEngine
Security Type: Equity - Common
Valuation: $5,000,000
Price per Share: $1.00

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Follow Orbotics on StartEngine 2024

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