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! Recently, a change was made to the GeoOrbital offering. Here's an excerpt describing the specifics of that change:
GeoOrbital is extending the end date of their campaign to December 4, 2017.
When live offerings undergo changes like these on StartEngine, the SEC requires that certain investments be reconfirmed. If your investment requires reconfirmation, you will be contacted by StartEngine via email with further instructions.
“One of the coolest products that we've seen in a very long time... it’s one of those things that you just wish that you had .. I WANT this, I WANT this SO BAD!” the GizWiz Podcast
Hello awesome investors!
Over the last couple of months, the GeoOrbital team has been traveling the country and showcasing the wheel. There are many noteworthy things to show off but one of the coolest is that Dick DeBartolo (Correspondent for ABC News, top writer for Mad Magazine and the creator of the Awesome GizWiz podcast) just did great segment on the GeoOrbital wheel - the full video is here (the part about GeoOrbital starts at 13:10).
Check out Dick’s shorter segment about GeoOrbital on ABC NEWS here.
If you you have not invested in GeoOrbital, please consider investing now, if you are already and investor, THANK YOU, your investment is helping us redefine transportation!
-Team GeoOrbital
Hello awesome current and potential investors!
We have recently exceeded $700,000 raised in our campaign and we could not have done it without you - thank you all so much!
We are also taking the show on the road and we hope that you can join us for the Electric Bike Expo on Miami Beach - October 13-15, 2017. Learn more and sign-up for a free ticket here. Our Founder & CEO Mike will be there with a whole batch of GeoOrbital wheels attached to different bikes – including the miniPenny and a super fun drift trike! There will be a lot of eBike manufacturers there as well, so you can really dig and see what makes the GeoOrbital wheel miles ahead of our competitors - pun intended :). We hope that you stop-by and take a ride. Please bring any investment or product questions that you have and don’t forget your smile!
Riding electric bikes is a ton of fun, come see!
Hello! Recently, a change was made to the GeoOrbital offering. Here's an excerpt describing the specifics of that change:
GeoOrbital has extended the end date of their offering 30 days.
When live offerings undergo changes like these on StartEngine, the SEC requires that certain investments be reconfirmed. If your investment requires reconfirmation, you will be contacted by StartEngine via email with further instructions.
“It’s really fun. You’ve got to smile while you are using it. It’s really neat. It definitely takes a lot of the wear off your body, getting somewhere, because it does all the work for you.” Officer Lindsay Batstone Laconia, NH Police Department on using the GeoOrbital wheel while on patrol.
Hello awesome investors and potential investors!
Our Online Public Offering (OPO) has raised close to $600,000 and it’s all because of you.
Thank you!
Over the last few months we have been running pilot programs with Police Departments across the US to retrofit existing patrol bicycles with GeoOrbital wheels. The pilots are going GREAT and we wanted to share some of the feedback that we’ve been getting. It is estimated that over 12,000 U.S. police departments have bike patrols and the GeoOrbital wheel provides a method to easily, efficiently and affordably add electric power to an already existing fleet of bicycles. It’s a great market for our technology and an amazing opportunity to help promote community policing and closer ties to the community.
One of our pilot programs is in Laconia, NH (home of Laconia Motorcycle week).
“People feel the bicycle officers are a little more approachable and that they can talk to them easier…From the enforcement standpoint, especially if they are out at night, they can see and hear things better than you can in a car and the bicycle is quiet.” Chief Matt Canfield Laconia, NH Police Department.
Read more about this police pilot here.
We will be releasing more updates on our ongoing police pilots over the next few weeks and with the clock running out to invest in this round, we invite everyone to invest in GeoOrbital.
Together we can redefine transportation!
Thank you!
Team GeoOrbital
[The following is an automated notice from the StartEngine team].
Hello!
As you might know, GeoOrbital has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in GeoOrbital be on the lookout for an email that describes more about the disbursement process.
This campaign will continue to accept investments until its indicated closing date.
Thanks for funding the future.
-StartEngine
[The following is an automated notice from the StartEngine team].
Hello!
As you might know, GeoOrbital has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in GeoOrbital be on the lookout for an email that describes more about the disbursement process.
This campaign will continue to accept investments until its indicated closing date.
Thanks for funding the future.
-StartEngine
Recently, a change was made to the GeoOrbital offering on StartEngine. Here's an excerpt describing that change:
Extending the end date of their offering until September 18
When live offerings undergo changes like these on StartEngine, the SEC requires that all investors reconfirm their investments.
Be sure to visit the live GeoOrbital campaign to see these changes, as well as company updates and comments from other investors. If you have any questions, comment below.
Hello awesome investors and potential investors!
Our Online Public Offering (OPO) has so far raised more than $480,000 and it’s all because of you.
Thank you!
We have an important announcement: We are extending our offering deadline to September 18, 2017. We decided to make this extension because of the amazing amount of positive feedback that we continue to receive and due to StartEngine’s recently added ability to accept credit card investments which can engage and grow our community like never before.
What this means for our current investors:
Because we are adjusting our deadline, investors whose funds have not yet been cleared must reconfirm their investment before Monday August 7th, 2017. If investors do not reconfirm before the deadline, their investment will be canceled and the withdrawn funds will be refunded.
How to reconfirm your investment:
Each investor who needs to reconfirm their investment will receive an email shortly from StartEngine with a secure link allowing them to reconfirm. You simply need to enter your name, the company, and click the “Sign” button at the very bottom of the webpage.
If you do not receive an email, your investment is all set and you do not need to reconfirm.
If you have any questions about the process or any trouble reconfirming your investment, please reach out to contact@startengine.com or call 800-317-2200 between the hours of 9:00am - 5:00pm Monday through Friday PST.
Thank you for your support in building a great company together!
-Team GeoOrbital
Thanks to everyone here we have raised over $400k in a super short period of time!
It’s an amazing feeling when a community of people who share a vision gather together to move a company forward. We are honored and humbled to be a small player in such a large movement to build companies that are transparent, profitable and focused on doing something good for the world. StartEngine shares our vision for the future with an amazing focus on providing cutting-edge tools to both the investor and the company. As part of this focus, StartEngine recently implemented a method to accept investment via credit and debit cards and GeoOrbital is one of the first to sign-on and extend this opportunity to our community.
With the clock running out to invest in this round, we invite everyone to invest in GeoOrbital. Together we can redefine transportation!
Thank you!
-Team GeoOrbital
Hello awesome investors and potential investors!
The GeoOrbital recently surpassed $300k and we wanted to send a huge THANK YOU to everyone for your support! With the summer well underway people are out and biking like crazy and more and more people are riding GeoOrbital wheels around the world. With everyone here our community is growing fast with people who love the wheel and share our vision of the future. Recently NBC Boston took the wheel out for a spin and had a blast. Click here to see the TV segment.
Additionally, per our offering terms, we will be conducting the 2nd closing in as little as five days. Once closed, we will deploy funds and invest in our growth. You will soon receive an official announcement from StartEngine about the closing.
Thank you everyone for your support!
-Team GeoOrbital
GeoOrbital has exceeded their minimum funding goal and are continuing to accept investments through 7/31/2017.
Per their offering terms, and because their equity crowdfunding campaign has now exceeded the minimum funding goal by over 211%, they have decided to conduct a closing on 6/26/2017. If your funds have cleared you will have up until 48 hours prior to this closing to cancel your investment. If your funds have not yet cleared by this date, then you will be part of the next closing if and when your funds do clear.
Hello awesome investors and potential investors!
We’re doing great - thank you to all who have made us reach the $150k milestone in such a short time! We are well on our way to forging a path to being a new breed of company. Launched by crowdfunding on Kickstarter - and grown by crowdfunding on StartEngine! These are exciting times and together with you we are building a great company that is rooted in community, transparent, and future-driven.
Recently GeoOrbital was featured by Inc. in their “Icons of Entrepreneurship” column for our groundbreaking “crowd-first” approach to growing the company.
Thank you for your support in building a great company together!
-Team GeoOrbital.
Comments ({{profileCtrl.startup.comments_count}} total)
Show More Comments