There's no denying we have a commuter problem. Every day, millions of people line up behind the wheels of their cars in so-called "mega-regions", burning time, fuel, and sanity. It's clear that the future of transportation is electric and that electric bikes are by far the most popular electric vehicle. However, electric bikes tend to still be too expensive and too burdensome for a lot of consumers.
With a 60 second installation and priced under $1,000, the GeoOrbital wheel, allows people to use their current bike "to bicycle to work without sweating, or to ride via routes with hills that they would otherwise be unable to conquer" - INC
The reception for the GeoOrbital wheel has been impressive. We launched publicly on May 1st 2016 with a Kickstarter campaign where we raised $1.26M from 1,623 backers in 45 days and met our funding goal in under an hour. This places GeoOrbital in the top .05% of all crowdfunding.
Since our launch we have $1.8M in gross sales and over 40 million people all over the world have seen our content.
With this campaign on StartEngine we are building a community by including everyone in our growth. Great products have the support of great people and we are looking for great investors to join us in our journey so we grow together.
Join us in redefining transportation!
INVESTMENT
Convertible Note | Minimum $400 Investment
Note converts to equity when the company raises $7M, including any previously raised convertible notes and debts.
Maturity Date: July 31, 2020
$10M valuation cap
5% yearly interest rate
20% Discount
Since June of 2016 when our Kickstarter campaign got viral traction, we've shipped wheels across the globe, continued to receive orders, and more importantly, continued to innovate according to customer feedback and explore more and more opportunities to grow with the market.
We are proud to make the GeoOrbital wheel in the U.S.A. (from U.S. and Imported parts).
in which consumers have ordered GeoOrbital wheels.
Sold
Traveled on GeoOrbital wheels (based on community feedback)
For our video content online
"I'm 70 now, but I feel 25 when I'm riding with the wheel!"
"Now that I have over 300 miles on my GO, I can say I'm still very happy. The GO has made a high quality product, it should last for many years."
"It's a success, I think these are great. I like these very much! Never going to ride a regular bicycle again."
"The GeoOrbital wheel makes towing our daughter effortless...even on hills!"
"The wheel I tested performed well... it made quick, fun work of the bike lanes around our office. (Having a little extra boost available to help dodge taxis and trucks almost feels worth the price alone.)"
"It's definitely fun and futuristic... I had a lot of fun! The GeoOrbital is a great design."
"Of all the cycling gadgets we've had the chance to test here at New Atlas – and there have been quite a few – the GeoOrbital Wheel has got to be one of the most fascinating... it looks like it belongs in the upcoming Blade Runner sequel..."
"Zipping through the streets near South Station, pedestrians and motorists alike couldn't help but stop and stare, a few even asking what I was riding. I would have stopped to explain, but I was having too much fun."
An orbital wheel is a wheel with no center – it “orbits” around an empty area, rather than spinning as a result of being connected to a central axle or “hub.” For example, have you seen the movie TRON? The wheels on those motorcycles are examples of orbital wheels (sometimes called hubless wheels or centerless wheels). The Patent Pending GeoOrbital wheel is an evolution of the orbital wheel platform, where instead of orbiting around an empty space, the center of the wheel contains components that make the wheel function as an “all-in-one” vehicle propulsion system. We call this central mass a “Geo.” The most powerful aspect of this new platform is that this “Geo” remains stationary with only the tire rotating, this frees the GeoOrbital platform from the constraints of traditional wheel (and vehicle) designs and opens up a world of opportunities.
This new type of wheel was invented in 2014 by a non-engineer, Michael Burtov, who was inspired by the 2010 TRON movie. Michael managed to build the first prototype in his kitchen and by working with a top intellectual property law firm, Foley & Lardner, filed the first patent application. When Dakota Decker, an engineer from SpaceX, joined the team a few months later, he began growing the prototype into a product. Over the next 2+ years GeoOrbital built and tested 5 generations of rideable prototypes and filed additional patent applications. We have tested and validated this new technology and our company has now become synonymous with this radically different design which is now enjoying commercial success with consumers ordering and using the wheel all around the world. Our Kickstarter campaign was one of the most successful ever, and retailers like BestBuy now carry the product today.
As we cement our place in the market and build the GeoOrbital brand we are focusing on the product roadmap ahead.
The GeoOrbital bike wheel is the most elegant solution to turn your bicycle into an e-bike and we are very proud of that. It is a real tested product that can be purchased today, installed in seconds, and is already helping alleviate global transportation challenges like noise, pollution, congestion, and parking.
The GeoOrbital platform, however, is so much more than a bicycle wheel - it is a transportation system so versatile that its applications are still in their infancy. The GeoOrbital wheel occupies effectively the same amount of space as a standard wheel but contains a motor, a battery, a computer, and sensors - imagine the possibilities when the entire powertrain of a vehicle exists in the wheels alone.
With the GeoOrbital wheel a vehicle no longer needs a drive shaft to transfer power to the wheel(s), which:
We are dreaming of a better future and are uniquely positioned today to participate in shaping the urban landscape of tomorrow by redefining what a 1, 2, 3, or even a 4 wheeled vehicle can be.
The GeoOrbital wheel is by far the easiest way to add electric power to your bike. The only part that isn’t in the wheel itself is a simple thumb activated throttle, which is easily clipped onto your handlebar.
We use high powered 500W motors and Panasonic 36V removable Lithium-Ion batteries with a no-pedaling range of up to 20 miles per-battery (up to a 12 miles for the 26 inch wheel).
With our built in USB outlet you can charge your phone, bike lights, or even a speaker on the go. Remove the battery from the wheel to have a massive portable power bank to take with you.
We displace the air inside of a standard bicycle tire with a specially developed hi-density foam. The result is a tire that acts just like a traditional bike tire, but you will never get a flat. Never!
By partnering with global retailers including Best Buy we are redefining how transportation products are discovered and bought by consumers.
Outside of selling directly on our website and through our network of Ambassadors we are partnering with top retailers to launch a new category of product - a way to turn the over 1 Billion already made bicycles into affordable electric vehicles that 94% of Americans already know how to use. Working with best-in-class retailers also allows us to create more volume sales, raise awareness, and, in turn, reduce costs.
Priced under $1,000, the GeoOrbital wheel, when mounted on a standard bicycle, makes one of the most affordable quality electric vehicles available.
A GeoOrbital wheel on sale at a Best Buy Store in New York
Because our community launched us and lead to our viral growth we have an active network of over 150 Ambassadors that connect existing GeoOrbital owners with potential customers. Our Ambassadors make a commission when someone in their network makes a purchase. The Purchaser as well receives a discount.
E-bike sales in 2016
Source: Navigant Research
Projected worldwide e-bike sales by 2025
Source: Navigant Research
E-bikes sold worldwide in 2015
Source: Electric Bikes Worldwide Reports
Electric bicycles continue to be the highest selling electric vehicle on the planet with an estimated 35M units sold in 2015 accounting for 62% of all e-mobility device revenue.
The e-bike industry is driven by high urbanization rates, improving battery technology and bicycling infrastructure, aggressive city energy policy, lower cost, and higher-performing product offerings.
With consumers and municipalities around the globe increasingly searching for new products that will enable improved mobility in and around cities e-mobility devices are one of the top growing segments.
Revenue generated by global e-mobility devices (lead by e-bikes) is expected to more than double from 2016 to 2025, growing from a $25.6 billion market in 2016 to $62.2 billion by 2025. E-mobility device revenue is expected to grow at a strong compound annual growth rate (CAGR) of 10.3% throughout the forecast period.
The GeoOrbital wheel addresses a much larger market than what is available to standard electric bicycle manufacturers. As our market not only includes people who might want to buy a new electric bike, but also current owners of over 1 Billion already made bicycles who might want to turn them into affordable electric vehicles.
GeoOrbital, Inc. has received a Verified Check from CrowdCheck for the purposes of raising $1,070,000 in an offering of the company’s Convertible Promissory Notes on StartEngine (the "Offering"). The Verified Check looks for evidence indicating that the company is a legitimate venture conducting the type of business it claims, is properly incorporated and is in good standing with a US state, and meets all legal requirements to seek investment through an online securities offering. The Verified Check confirms that the company is complying with the requirements of the Securities and Exchange Commission’s Regulation CF. In conducting the Verified Check, CrowdCheck obtains information and documentation directly from the company and from other sources that support statements made by the company. The Verified Check additionally looks for evidence to confirm material assertions made by the company in the Form C filed by the company. CrowdCheck has been able to obtain sufficient evidence from GeoOrbital, Inc. and outside sources to provide GeoOrbital, Inc. with a Verified Check.
Electric bikes have been around for decades but haven't broken out of their niche audience. Instead of building a bicycle around electric power, GeoOrbital is a universal wheel you can swap into your existing bike to power your ride.
While it may not run on pure liquid energy, or leave glowing trails of light in its wake, the GeoOrbital electric bike wheel will absolutely catch your eye and hurt your brain ... making you look like you’re visiting from the future...
“Swap out the old front wheel for a 21st-century one”
“And as far as the setup goes, it really is as simple as [GeoOrbital] describes it.”
“You'll be the coolest rider on the block"
"Reinvented The Electric Bike."
"Hit 20 MPH on your bike without breaking a sweat."
"One of the coolest Kickstarter projects we’ve ever seen."
“The device allows people to bicycle to work without sweating, or to ride via routes with hills that they would otherwise be unable to conquer”
“A more affordable alternative to an electric bike”
Convertible Note | Minimum $400 Investment
Note converts when the company raises $7M, including any previously raised convertible notes and debts.
Maturity Date: July 31, 2020
$10M valuation cap
5% yearly interest rate
20% Discount
What is a Convertible Note?
A convertible note offers you the right to receive shares in GeoOrbital. The number of shares you will receive in the future will be determined at the next equity round in which GeoOrbital raises at least $7M in equity financing, including the conversion of the outstanding convertible notes and any issued debt. The highest conversion price per share is set based on a $10M company valuation cap or if less then you will receive a 20% discount on the price the new investors are purchasing. You also receive a 5% interest per year added to your investment. When the maturity date is reached and the note has not converted then you are entitled to receive your investment and interest back from the company.
Perks
Perks are available through July 31, 2018. The discount applies to any purchases on geoo.com.
Invest $1,000 and receive $100 in additional notes and a 5% discount on purchases.
Invest $2,500 and receive $250 in additional notes and a 7% discount on purchases.
Invest $5,000 and receive $500 in additional notes and a 10% discount on purchases.
Invest $10,000 and receive $1,250 in additional notes and a 15% discount on purchases.
Invest $50,000 and receive $7,000 in additional notes and a 20% discount on purchases.
Maximum $1,070,000 of convertible promissory notes ($1,070,000)
Minimum $50,000 of convertible promissory notes ($50,000)
| Company | GeoOrbital, Inc. |
| | |
| Corporate Address | 1 Broadway, 14th Floor. Cambridge, MA 02142 |
| | |
| Description of Business | The Company was formed to develop and sell an “all-in-one” electric bike wheel that can be attached to almost any bicycle to make it electric. The company also develops alternative electric vehicles based on its proprietary platform. |
| | |
| Type of Security Offered | Convertible Promissory Notes |
| | |
| Purchase Price of Security Offered | $1 |
| | |
| Minimum Investment Amount (per investor) | $400 |
A crowdfunding investment involves risk. You should not invest any funds in this offering unless you can afford to lose your entire investment. In making an investment decision, investors must rely on their own examination of the issuer and the terms of the offering, including the merits and risks involved. These securities have not been recommended or approved by any federal or state securities commission or regulatory authority. Furthermore, these authorities have not passed upon the accuracy or adequacy of this document. The U.S. Securities and Exchange Commission does not pass upon the merits of any securities offered or the terms of the offering, nor does it pass upon the accuracy or completeness of any offering document or literature. These securities are offered under an exemption from registration; however, the U.S. Securities and Exchange Commission has not made an independent determination that these securities are exempt from registration.
Hello Everyone,
Harvard Business School just released the second in a series of four videos profiling GeoOrbital's groundbreaking innovation and business model. These videos, along with coursework, are used by the most prestigious business school in the world to teach the next generation of entrepreneurs about bringing disruptive ideas to market.
Watch the latest video here.
We are closing our funding campaign in just a few hours and this is your last chance to join over 1,300 investors that are already committed to GeoOrbital.
We hope that you become a co-owner today!
Invest in the future of transportation!
Hello Everyone!
We wanted to let you know that today is the LAST DAY to become a co-owner of GeoOrbital and join a community of over 1,300 investors.
Here are some facts about GeoOrbital:
Top Product 2018 / Top Invention 2016
The GeoOrbital wheel has changed biking forever. We are the winner of the 2018 EDISON AWARD for Innovation and Product Excellence, selected as one of the top inventions of 2016 and LOVED on ABC's SHARK TANK.
Hundreds of 5 Star Reviews!
With thousands of people who ride on GeoOrbital wheels we have tons of glowing reviews and are praised by media outlets including CNN, FORBES, POPULAR MECHANICS, TIME, DISCOVERY CHANNEL, HARVARD BUSINESS SCHOOL and many, many others. In fact - "The GeoOrbital wheel is by far the easiest way to add electric power to any bike" - Fox News
First Co-Ownership Opportunity Open to the Public
GeoOrbital is a start up, but we are already one of the world's top crowdfunded companies, with millions in revenues and strong market position. We are building a strong, sustainable business and we hope that you can join us as an investor early on.
If you are considering investing in GeoOrbital now is the time to do it!
Thank You,
Team GeoOrbital
Hello Everyone!
We wanted to let you know that we are coming to the close of our current equity crowdfunding campaign and this might be your last chance to become a co-owner of GeoOrbital and join a community of over 1,300 investors that have invested over $2,000,000 in GeoOrbital to date
If you were considering investing in GeoOrbital now is the time to do it!
Thank You,
Team GeoOrbital
"The GeoOrbital wheel is by far the easiest way to add electric power to any bike" - Fox News
Hello Everyone!
One of the most amazing aspects of being globally recognized as one of the top innovators is that we are often asked to lead the next generation of entrepreneurs in defining the future. As part of our collaboration with the Harvard University Business School, Harvard produced a set of videos that are used to accompany coursework and case studies.
Although these videos are generally kept private and accessible only to Harvard Business School students, we asked for permission to share them with our community.
Check out the first of a series of videos that will be released as part of the course that explores GeoOrbital's disruptive innovation.
Check out the first video HERE
As always we hope that you consider investing in GeoOrbital today.
-Team GeoOrbital
Hello Everyone!
We have some wonderful news.
As you know one of our product lines is tailored towards Public Safety officers, with police departments all across the country using our wheels for community policing and patrol initiatives.
As you can imagine the police are very hard on their equipment and do not adopt products easily.
The International Police Mountain Bike Association (IPMBA), the premier training organization for public safety cyclists which has trained tens of thousands of public safety professionals in safe and effective police, EMS, and security bicycle operations, recently released a glowing review of the GeoOrbital wheel after over a year of real-world patrol use.
Converting "Police Department patrol bikes from regular wheels to GeoOrbital electric wheels was seamless and a positive experience. The GeoOrbital wheels have renewed our officers' enthusiasm for bike patrolling, improved community relations, and enhanced officer visibility and safety. The GeoOrbital Wheel offered a way for our department to "go electric" while minimizing current and future costs and contributing to a safer environment."
-IPMBA (read full review)
We are honored to be working with police departments to improve community relations and safety.
We hope that you try a wheel for yourself, to see what the magic is all about!
Check out our website for some great promotions (including on our new 29er wheel with a new all-terrain tire, more power and more range).
-Team GeoOrbital
Hello GeoOrbital Investor!
Are you curious to see if the predictions that the SHARK TANK Investors made came true?
Hint: Mark Cuban was certain that the GeoOrbital wheel would never be used by Law Enforcement.
Do you want to see all the SHARKS lose control and giggle like little kids while riding our wheel?
Well, our episode is being rerun this evening at 8pm ET (5PM PT) on CNBC. If you missed us the first time, we hope that you can tune in today.
If you've ever been curious about the value for a company of simply being aired on SHARK TANK (without even closing a deal) here is a nice quote from an INC article that might be of interest:
"...the producers told us that an appearance on Shark Tank is worth approximately $9 million in marketing spend. In other words, if a third-party company wanted to pay ABC for a 10-minute commercial for its business during primetime television, it would have to pay $9 million." ... and that's without hiring celebrities like the SHARKS to appear in the commercial 😏
Happy Watching!
-Team GeoOrbital
Hello Everyone!
GeoOrbital is proud to launch our partnership with Law Enforcement Against Drugs (L.E.A.D.) with an initial deployment of our wheels across 10 new police departments. L.E.A.D. is a nation-wide non profit (501c3) organization, supported by dedicated police officers, committed to protecting our youth and communities from the proliferation of drugs, drug related crimes, peer to peer/cyber bullying and violence. L.E.A.D collaborates with hundreds of educators, community leaders, families and L.E.A.D. support organizations.
Our partnership with L.E.A.D. further supports GeoOrbital’s mission of promoting community policing and officer safety through the use of our electric bike wheel technology.
We would also like to extend our deepest gratitude to Preffered Freezer Inc. & CEO John J. Galiher for purchasing and donating GeoOrbital wheels and Police Bicycles through the L.E.A.D./GeoOrbital partnership.
This first batch of GeoOrbital PS29 wheels will be distributed to
10 Police Departments across the state of New Jersey!
We are looking forward to many more police departments joining our movement through the L.E.A.D./GeoOrbital partnership.
“L.E.A.D. supports GeoOrbital's vision of promoting community policing with officer safety in mind, by working together with GeoOrbital we can create safer, healthier, communities free of drugs, bullying, and violence.”
- Nicholas R. DeMauro Executive Director & Chief Executive Officer, L.E.A.D.
Thank you,
Team GeoOrbital
Hello Everyone!
After surpassing our minimum funding goal on the first day, we recently raised our first $100,000 in our new funding round.
Please continue to invest and spread the word as we might oversubscribe this funding round like we have before.
Thank you everyone for your support!
-Michael Burtov
Founder & CEO, GeoOrbital
In these turbulent times the hundreds of thousands of law enforcement officers across the country have our backs, and we are doing everything that we can to have theirs.
We are proud to announce our partnership with The National Police Defense Foundation (NPDF), a congressionally recognized organization whose mission is to provide free medical and legal support services to the law enforcement community. An organization of over 200,000 members and supporters the NPDF is credited with establishing successful law enforcement initiatives that have been recognized worldwide by the U.S. House of Representatives, U.S. Senate, Governors, State Legislatures, United Nations, Civil Rights organizations, Foreign Governments, and others.
We have partnered with the NPDF to promote the SafeCop™ Program that issues a $10,000 reward for information leading to the arrest and conviction of criminals who shoot at police officers or threaten their lives on the internet. Through GeoOrbital’s partnership with the NPDF, a portion of every electric bike wheel sale will be dedicated to the SafeCop™ program to help keep our officers safe.
We are proud to work together with the NPDF to promote and deploy the GeoOrbital wheel within law enforcement agencies around the country, and potentially around the world.
“GeoOrbital has created an electric wheel with officer safety in mind. Bike Patrol Officers can now arrive at a call for service fresh and not winded while providing faster response times. The N.P.D.F. endorses this safe, new innovative technology.”
- SSA Joseph Occhipinti (Retired) | Founder and Executive Director, National Police Defense Foundation
Thank you everyone!
-Team GeoOrbital
Click HERE to learn about investing in GeoOrbital again or for the first time.
Hello Awesome Investors & Followers!
Not only did we well surpass our minimum funding amount within the first day of our new StartEngine Campaign, but we were also just featured on CNN's Great Big Story!
The Great Big Story format is to feature exceptional people and ideas in short, under 3 minute, "micro-documentaries." It is a groundbreaking approach to showcasing ideas and we are very honored to have been selected by CNN and Shell to be one of the leading ideas shaping our future.
We hope that you have a chance to check our CNN's Great Big Story about GeoOrbital which, since being published yesterday, is all-ready going viral!
I hope that you have a chance to check our CNN's Great Big Story about GeoOrbital which, since being published yesterday, is all-ready going viral!
Thank you everyone!
-Team GeoOrbital
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