Orion

E-Bike Ridesharing: The Future of Urban Travel
Analytics
Raised to Date: $12,258
Aggregate Commitments $
WunderFund
10/30/2020
02/01/2021
$10,000
$250,000
$100
Equity - Common
RegCF
Pre-Seed
$2,490,000
Weekly Commitments $
Active
01/24/2021
6
123%
5%
$143
65
Cincinnati, Ohio
Transportation, Automotive, Aviation, & Aerospace
Hardwaretech
B2B/B2C
Low
High
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 |
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