Orion Aircraft
Early Stage
Startup aircraft manufacturer seeking to become the cost and value leader in the light sport aircraft segment.
Overview
Raised: $0
Total Commitments ($USD)
Platform
Netcapital
Start Date
04/11/2019
Close Date
07/12/2019
Min. Goal
$10,000
Max. Goal
$300,000
Min. Investment
$99
Security Type
Equity - Common
SEC Filing Type
RegCF
Price Per Share
$1.00
Pre-Money Valuation
$1,300,000
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
07/13/2019
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$0
Momentum
Not Funded
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Year Founded
2019
Industry
Transportation, Automotive, Aviation, & Aerospace
Tech Sector
Location
Wedgefield, South Carolina
Orion Aircraft, with a pre-money valuation of $1.3 million, is raising crowdfunding on NetCapital. The company is an aircraft manufacturer and seeks to make flight affordable again. Orion Aircraft is using better and more affordable technology to change the manufacturing process of aircraft. The new technology reduces the number of parts and required labor, thus decreasing the cost of making an airplane. Orion Aircraft was founded by Andrew M. House. The proceeds of the current crowdfunding round, with a minimum target of $10,000, will be used to build a prototype, get it tested, and seek regulatory approvals. The company has already filed for provisional patents for its technology that has been tested to be highly successful and promising.
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