Orion

Neutral
BETA

E-Bike Ridesharing: The Future of Urban Travel

Analytics

Raised to Date: $12,258

Aggregate Commitments $
Platform

WunderFund

Start Date

10/30/2020

Close Date

02/01/2021

Min. Goal

$10,000

Max. Goal

$250,000

Min. Investment

$100

Security Type

Equity - Common

Funding Type

RegCF

Series

Pre-Seed

Pre-Money Valuation

$2,490,000

Weekly Commitments $
Status

Active

Reporting Date

01/24/2021

Days Remaining

6

% of Min. Goal

123%

% of Max. Goal

5%

Likelihood of Max
Avg. Daily Raise

$143

# of Investors

65

Momentum
Location

Cincinnati, Ohio

Industry

Transportation, Automotive, Aviation, & Aerospace

Tech Sector

Hardwaretech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

High

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

$0

Total Liabilities

$28,200

$28,200

Ratings

last updated 01/26/2021

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