GeoOrbital

GeoOrbital

Early Stage

Self-Powered Electric Wheel

Self-Powered Electric Wheel

Overview

Raised to Date: Raised: $1,092,622

Logos provided by Clearbit
Platform

StartEngine

Start Date

05/22/2017

Close Date

04/17/2018

Min. Goal
$50,000
Max. Goal
$1,000,000
Min. Investment

$400

Security Type

Convertible Note

SEC Filing Type

RegCF    Open SEC Filing

Logos provided by Clearbit
Year Founded

2014

Industry

Transportation, Automotive, Aviation, & Aerospace

Tech Sector

Location

Somerville, Massachusetts

Company Website

GeoOrbital is raising funds on StartEngine. The company has created a patented self-powered electric wheel that makes any vehicle fully electric by replacing its standard wheels. So far, over 3,000 GeoOrbital wheels have sold, and they’ve been used in all 50 states and in over 50 countries. The GeoOrbital Wheel can fit into any bicycle and caters to the needs of people who live and work in urban and suburban areas. Mike Burkov founded GeoOrbital in August 2014. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1 million. The campaign proceeds will be used for research and development, funding inventory, sales and marketing, and operating expenses.

Summary Profit and Loss Statement

FY 2016 FY 2015

Revenue

$36,764

$0

COGS

$27,902

$0

Tax

$0

$0

 

 

Net Income

$-453,656

$-33,048

Summary Balance Sheet

FY 2016 FY 2015

Cash

$407,725

$2,058

Accounts Receivable

$0

$0

Total Assets

$1,244,012

$2,058

Short-Term Debt

$159,315

$0

Long-Term Debt

$170,000

$0

Total Liabilities

$329,315

$0
Financials as of: 05/22/2017
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
GeoOrbital 04/29/2019 StartEngine $15,400,000 $396,872 Equity - Common Funded RegCF
GeoOrbital 04/16/2018 StartEngine - $1,092,622 Convertible Note Funded RegCF
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Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Valuation History

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Employee History

Funding data not publicly available

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GeoOrbital on StartEngine 2018
Platform: StartEngine
Security Type: Convertible Note

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