Orion

Orion

Early Stage

E-Bike Ridesharing: The Future of Urban Travel

E-Bike Ridesharing: The Future of Urban Travel

Overview

Raised to Date: Raised: $25,549

Total Commitments ($USD)

Platform

WunderFund

Start Date

10/29/2020

Close Date

09/30/2021

Min. Goal
$10,000
Max. Goal
$250,000
Min. Investment

$100

Security Type

Equity - Common

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$0.25

Pre-Money Valuation

$2,490,000

Rolling Commitments ($USD)

Status
Funded
Reporting Date

10/02/2021

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$76

# of Investors

133

Momentum
Funded
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Year Founded

2015

Industry

Transportation, Automotive, Aviation, & Aerospace

Tech Sector

Hardwaretech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

High

Location

Cincinnati, Ohio

Business Type

Growth

Orion, with a post-money valuation of $2.5 million, is raising funds on Wunderfund. The company works on e-bike ridesharing and provides affordable hardware and IoT products for consumers. The Orion Bike has numerous unique features, including an integrated Samsung regenerative battery, anti-theft seat, solar rear light, and LED front light. Orion was founded by Paul Perkins, Sydney Mwaimba, Colin Curry, and Pius Gadosey in 2015. The proceeds of the current crowdfunding campaign, with a minimum raise of $10,000 and a maximum raise of $250,000, will be used for hiring employees, purchasing bikes, and finishing the development of the app. Orion generates revenues through multiple streams, including advertisements, contractual fees from B2B clients, and pay-per-ride from B2C customers.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-11,434

$-12,083

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$1,911

$1,911

Accounts Receivable

$0

$0

Total Assets

$13,711

$3,661

Short-Term Debt

$0

$0

Long-Term Debt

$28,200

$28,200

Total Liabilities

$28,200

$28,200

Financials as of: 10/29/2020
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Orion on Wunderfund
Platform: WunderFund
Security Type: Equity - Common
Valuation: $2,490,000
Price per Share: $0.25

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