GeoOrbital is a Title III - Regulation Crowdfunding Campaign and is actively accepting investments.
$504.00 minimum investment

GeoOrbital

Self-Powered Electric Wheel

Small OPO
Somerville, MA
Consumer Products
Accepting International Investment
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THE GEOORBITAL WHEEL

We're back! Join the 1,124 investors who helped us raise over $1M on StartEngine last year.

The Patented GeoOrbital wheel is a revolutionary self-powered electric wheel that can make any vehicle fully electric by simply replacing it's standard wheels. 


The GeoOrbital wheel has already converted thousands of manual bicycles into powerful and affordable electric vehicles in all 50 states and over 50 countries. 


Outside of the biking world, the GeoOrbital platform opens up a world of possibilities for alternative electric vehicles.

We have:

◉ Sold over 3,000 wheels

◉ Earned over $2,000,000 in net revenue in 2017 (our first full year of sales)

◉ Exceeded 40,000,000 views on social media


GeoOrbital is one of world's most successful crowdfunded companies (having raised millions with product and equity crowdfunding) with an active community of thousands of customers, investors and backers.

"Revolutionary"

 - Huffington Post

"Radically Different"

- Gizmag

"Game Changing"

- Digital Trends

"Best design I've seen"

- Bill Weir, CNN

THE OFFERING

Investment

$14/Common Non-Voting Share│When you invest, you are betting the Company’s future value will exceed $15.4 million.


Perks**

Invest $2,000 and receive a 10% discount ($12.60/per share) on Common Non-Voting Shares, and a 10% discount on product purchases**

Invest $5,000 and receive a 14% discount ($12.04/per share) on Common Non-Voting Shares, and a 14% discount on product purchases**

Invest $10,000 and receive a 17% discount ($11.62/per share) on Common Non-Voting Shares, and a 17% discount on product purchases**

Invest $50,000 and receive a 20% discount ($11.20/per share) on Common Non-Voting Shares, and a 20% discount on product purchases**


*The product purchase discount applies to any product purchases on geoo.com through September 31, 2019.

The bonus shares are capped at every investment threshold. For example, if you invest $4,000, you will still receive an additional 10% discount on shares based on the $2,000 investment level.

 

**The additional shares perk occurs after the offering is completed


For details on the bonus, please see the Offering Summary below.


WE ARE SOLVING A REAL PROBLEM

Image Source: United Nations | Image Source: University of Toronto

Every day, millions of people sit in traffic in "mega-regions" all over the world, 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 are still too costly and burdensome for a lot of consumers. In under a minute installation and starting under $1,000 the GeoOrbital wheel is already revolutionizing urban transportation by making thousands of compact electric vehicles that free people from gridlock all over the world.

"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”

- INC


COMMUNITY DRIVEN

Our initial Kickstarter campaign ($1.26M raised, from 1,623 backers who preordered our products and supported us) allowed us to launch our brand globally and release our first generation of wheels while driving down costs and simplifying our supply chain. The unprecedented success of this campaign and our Direct-To-Consumer sales afterwards also demonstrated that our product solves a real global problem at a reasonable price. It also validated our go-to-market approach and our ability to reach our customers. The early backer community from our Kickstarter campaign was critical to our growth!


Our first StartEngine campaign (closed after it reached our legal maximum (a little under $1.07M), from 1,124 investors who purchased convertible notes) allowed us to further develop our brand, build our second generation of wheels, design concept vehicles, secure intellectual property, grow our sales channels and diversify our sales strategy by successfully deploying our Public Safety wheel with police departments across the U.S. Our amazing StartEngine investors not only provided us with the funding that we need for growth but have also helped us open numerous partnerships, develop product improvements, and refine our sales strategy.

Since our launch in May 2016 we have already made a real difference in transportation. To date our customers have converted thousands of manual bicycles into affordable electric vehicles all over the world. 

With our second StartEngine campaign (our first stock offering open to the public) we are continuing to build our community of investors and will be able to further refine our product, manufacturing, operations, supply chain, and sales strategy. With our wheel now entering its third generation we have been able to identify many areas for innovation on product development and go-to-market approach. Please read on for more detailed information about our product and business roadmap.


We see our community as our greatest asset. Join us today in defining the future of transportation!

GeoOrbital “Reinvented The Electric Bike”

- Forbes

Our first StartEngine video (below) introduces us, our company and our manufacturing facility.

GeoOrbital "Beautifully execute[s it's] mission: Turning the bike you already own into a superbike"

- Yahoo Finance

A BRAND KNOWN ALL OVER THE WORLD

GeoOrbital has the distinction of being one of the only companies in the world that has raised:


$1,000,000+ with Product CrowdFunding

AND 

$1,000,000+ with Equity CrowdFunding


We have an engaged community of thousands of people that have invested in our growth. 


Our brand has achieved world-wide recognition, with millions of views on viral videos and social media with millions more having seen us on the Discovery Channel and ABC's SHARK TANK. We have also been honored with multiple awards for innovation and excellence. 

To see an example of our reach - this VIDEO alone has been viewed over 26 million times!

WE ARE A BRAND RECOGNIZED FOR INNOVATION

These are just some of the awards that we won since launching publicly in 2016. 

GEOORBITAL IS A 2016 TECHCRUNCH WILDCARD WINNER

TechCrunch Disrupt is one of the world’s leading authorities in debuting revolutionary startups and introducing game-changing technologies. GeoOrbital was selected to present our innovation. 

GEOORBITAL IS A 2018 GOLD EDISON AWARD WINNER

The Edison Awards are judged by a panel of more than 3,000 of the world’s leading executives who recognized GeoOrbital with its highest honor for innovation and excellence.

"GeoOrbital is a true innovator"

- Frank Bonafilia, Executive Director of the Edison Awards

A FRESH APPROACH TO ONE OF THE WORLD'S LARGEST MARKETS

The GeoOrbital bicycle wheel is not only for those that might want to buy an eBike but also for the owners of the over 1 Billion pedal bicycles in the world today. The Patent Pending GeoOrbital platform will also power wheelchairs and many other alternative electric vehicles.

Source: Navigant Research

Source: Navigant Research

Source: Navigant Research

Source: Pike Research

Source: Navigant Research

THE GEOORBITAL WHEEL TECHNOLOGY

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 Patented 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 while only the tire rotates freeing the GeoOrbital platform from the constraints of traditional wheel (and vehicle) designs and opening up a world of opportunities. 

This new type of wheel was invented in 2014 by a non-engineer and future CEO of GeoOrbital, 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 our first patent application. When Dakota Decker, an engineer from SpaceX, joined our team a few months later, he began growing the prototype into a product. Over the next 2+ years the team built and tested 5 generations of rideable prototypes and filed multiple additional patent applications. The GeoOrbital team has 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 as was our first StartEngine campaign and Best Buy, the number one technology retailer, carries the product today.

READ OUR FIRST ISSUED UTILITY PATENT ⇢

Burtov, M. Et al. "Self-Powered Planetary Orbital Wheel Assemblies." U.S. Patent 10,076,954, 2018

"Don't be surprised if GeoOrbital starts challenging traditional bike design soon"

- Popular Mechanics

PROUDLY MADE IN THE USA

(FROM DOMESTIC AND IMPORTED PARTS)

Our manufacturing, assembly and testing facility in Peabody, Massachusetts.

STRONG COMMUNITY TIES

The extended GeoOrbital team gathered for a day out in Cambridge, MA

Massachusetts Gov. Charlie Baker admiring the GeoOrbital wheel.

Image credit: Boston Herald

GeoOrbital is headquartered in Cambridge and Somerville, MA an area regarded by many to be the center of cleantech innovation in the United States. We manufacture and design in Massachusetts and are very proud to be a part of one of the leading cleantech communities in the world. We are also very active in local community events and regularly meet with community leaders and serve as experts at events advocating for sustainable and efficient transportation initiatives.


THE PLATFORM

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 and 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:


     ◉ Reduces weight

     ◉ Increases the range of motion (allowing for sideways driving/parking)

     ◉ Frees-up the space for occupants and cargo

     ◉ Creates the ability to independently drive any or all wheels with variable power (improving efficiency, safety and handling)

     ◉ Provides new unprecedented design freedom


We are dreaming of a better future and are uniquely positioned today to participate in shaping the urban landscape of tomorrow by redefining what wheeled vehicles can be.


Custom-Building Community 

Outside of our own custom vehicle development there is an active community of electric and custom vehicle enthusiasts that have adopted the GeoOrbital platform for their own projects. There is an amazing community of makers, startups, and dreamers out there who are using our tech. We have seen some truly groundbreaking work being done! Outside of "street-cred" and  licensing opportunities the GeoOrbital wheel's adoption for developing alternative electric vehicles is strong validation of how universally applicable our technology is and how it, along with a great community, can redefine transportation. 

One of our favorites is this custom build by "_jrat" - see more of his amazing viral work and much more on his GeoOrbital-powered build at:

JRAT ON INSTAGRAM ⇢

. "We were quite surprised by [GeoOrbital's] full range of electric wheelchairs, electric tricycles, drifting bikes, ebike conversions, dual motor wheel ebikes etc…."

- EV Nerds

SEE SOME OF OUR PROTOTYPE VEHICLES

MANY ARE ONLY POSSIBLE WITH THE GEOORBITAL PLATFORM

"GeoOrbital might have larger ambitions than a wheel"

- Popular Mechanics

FEATURES OF THE BIKE WHEEL

60 SECOND INSTALLATION

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 throttle, which is easily clipped onto your handlebar.

20 MPH TOP SPEED

For our consumer wheel we use high powered 500W-600W motors (750 Peak) and Panasonic 36V removable Lithium-Ion batteries with a no-pedaling range of up to 25 miles per-battery.

USB OUTLET

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.

FLAT-PROOF TIRE

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!

"The way it works is simple: Just snap off the front wheel of any bike and attach [the GeoOrbital] wheel in its place"

- Forbes

"Great Design"

- Mashable


"Reinvented the wheel"

- Boston Globe


“Hit 20 MPH on your bike without breaking a sweat”

- Popular Mechanics


OUR PRODUCTS

CONSUMER

BUILT FOR FREEDOM

Priced starting under $1,000 and able to be installed on almost any bike in under 60 seconds, the GeoOrbital consumer wheel represents a breakthrough in electric mobility having already created thousands of affordable and powerful electric vehicles in over 50 countries  - with over 400,000 real-world miles traveled.

DOWNLOAD OUR CONSUMER BROCHURE ⇢

LEARN MORE ABOUT OUR CONSUMER WHEELS ⇢

"The wheel was easy to charge, install and riding it was enjoyable. It's nice to get to a destination without getting all sweaty. It took my old rusty bike and made it modern and sleek."

- Engadget

CONSUMER PRODUCT LINE

29er Wheel

COMPATIBILITY: 29 Inch (29er) wheel replacement (all-terrain)

MOTOR: 600 Watt (750W Peak)

BATTERY: 504 Watt Hours

RANGE: Up To 27 Miles (without pedaling)

TERRAIN: Hybrid use (all-terrain) 

2nd Generation Consumer Product

MORE ABOUT THE 29ER ⇢

700C Wheel

COMPATIBILITY: 28 Inch, 29 Inch and 700C wheel replacement

MOTOR: 500 Watt (750W Peak)

BATTERY: 374 Watt Hours

RANGE: Up to 20 Miles (without pedaling)

TERRAIN: On-pavement use

1st Generation Consumer Product

 MORE ABOUT THE 700C ⇢

26in Wheel

COMPATIBILITY: 26 Inch wheel replacement

MOTOR:  500 Watt (750W Peak)

BATTERY: 209 Watt Hours

RANGE: Up to 12 Miles (without pedaling)

TERRAIN: On-pavement use

1st Generation Consumer Product

 MORE ABOUT THE 26IN ⇢

Accessories 

We offer a range of accessories from spare batteries to our Patent Pending brake adapter - a revolutionary mechanical brake that can be added to any wheel we make for use on on bikes equipped with disc-brakes, custom bikes and custom vehicles.


MORE ABOUT ACCESSORIES ⇢

Below are just some of our hundreds of glowing unsponsored reviews from real people. 

With a 4.6 out of 5 stars on Facebook alone, people from all walks of life LOVE the GeoOrbital wheel!

"I've pretty much had it for about 4 seasons, I've ridden it all year long...  it is very easy to use and install... it is GREAT, it is FAST! Ever since I got the GeoOrbital wheel I ride the bike at least twice a day!"

- P Bam

"This thing is FREAKING AWESOME awesome! This is one of the most ingenious invention that I have come across... I haven't had this much fun on a bicycle since I can remember... it is fantastic! "

- Kristin Shaffer

 "This thing cooks pretty freakin' proper, it's awesome.... absolute success!"

- Keith Schmidt

"This technology is ABSOLUTELY INCREDIBLE... the GeoOrbital experience is amazing!"

- Herb Chambers, President of The Herb Chambers Companies

LEARN MORE ABOUT HERB AND HIS AUTOMOTIVE EMPIRE ⇢


“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!”

- GizWiz Podcast

PUBLIC SAFETY

BUILT FOR PATROL

We developed this wheel in collaboration with numerous Law Enforcement agencies specifically with the needs of our public safety officers in mind by improving officer safety and ensuring that officers arrive at a call fresh and not winded while providing a faster response time and expanding patrol zones.

DOWNLOAD OUR PUBLIC SAFETY BROCHURE ⇢

LEARN MORE ABOUT OUR PUBLIC SAFETY PROGRAM ⇢

"It feels great, way less exertion, you don't have to pedal as much and I'm very impressed with how fast the wheel gets you going... I think it's great for our type of work."

- Officer Kristopher Threlkeld - Mashpee, Massachusetts Police Department

“You've got to smile while you are using it.... It takes a lot of the wear off your body, particularly on hills.”

- Officer Lindsey Batstone - Laconia, New Hampshire Police Department

“My guys absolutely love these wheels! I’ve had a hard time getting guys to patrol on bikes with the old wheels, but now I can't get them to ride a bike without the GeoOrbitals!  They are fantastic!”

- Lt. Rodney Leonard - Mayfield Heights, Ohio Police Department

"GeoOrbital has moved our bike program to new heights expanding our officers’ abilities to reach calls faster and conserve energy to deal with those events when they arrive.  The units have also expanded the area these officers can patrol in during a shift and have proven invaluable in allowing officers to quickly and quietly respond to crimes in progress."

- Chief Douglas P. Bracy, York, Maine Police Department

"The quality, workmanship and support provided by GeoOrbital in our transition to these electric units has been superior in every way from installing the equipment to training the officers in their use . As a LEEDS Certified community, we are also pleased to engage in another way to expand our community efforts in an energy efficiency manner."

- Chief Douglas P. Bracy, York, Maine Police Department

Staff Inspector Bologna discussing GeoOrbital wheels with Philadelphia PD bike patrol officers.

The PPD is the fourth largest police force in the United States employing over 6,400 sworn officers and over 800 civilian personnel, and patrols an area of 142.6 mi² with a population of almost 1.5 million.

"Swap out the old front wheel for a 21st-century one, complete with a battery and motor”

- TIME

UPCOMING PRODUCTS

Consumer-Direct EU-Model Wheel

Developed specifically for European users that have different preferences for motor power, battery size and throttle operation. 


Wheelchair Wheels

Used to convert manual wheelchairs to affordable, light-weight and extremely compact electric wheel chairs.

General Fleet Wheel

Used to power bike-share, delivery, cargo-carrying, and other commercial applications. 


Universal Mobility Platform Wheel

Specifically developed to be used as a powertrain for autonomous and alternative electric vehicles. 

WE ARE CHANGING HOW PEOPLE BUY TRANSPORTATION

By partnering with global retailers including Best Buy we are redefining how transportation products are discovered and purchased 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.

A GeoOrbital wheel on sale at a Best Buy store in New York

Priced under $1,000, the GeoOrbital wheel, when mounted on a standard bicycle, makes one of the most affordable quality electric vehicles available.

Because our community launched us and led to our viral growth we have an active network of hundreds of Ambassadors that connect existing GeoOrbital owners with potential customers.


INVEST TODAY

The reception for the GeoOrbital wheel has been impressive. In 2017 (our first full year of sales) our net revenues were over $2,000,000.


With our second campaign on StartEngine we are expanding our community by including everyone in our growth. Join over 1,000 current convertible note Investors by investing in our first equity round open to the public


In addition to supporting operations, proceeds from this offering of Common Non-Voting Shares will allow us to make progress towards:


◉ Developing a method for higher volume manufacturing with a focus on improving performance and reducing cost 

◉ Capturing consumer demand at a wider range of price points (split our product line into more affordable and more premium offerings)

◉ Expanding our online, retail, and global sales channels

◉ Engaging in healthcare-related application including wheelchairs

◉ Re-entering European markets through partnerships and distributor relationships (Please see our annual filing for more information)

◉ Increasing our presence in the Public Safety market including Law Enforcement, Fire Services and Emergency Medical Services

◉ Growing our fleet strategy to include delivery services and bike-sharing

◉ Continuing to develop alternative electric and autonomous vehicles for commercialization and licensing


We are a young company that has accomplished a lot, but great companies can only succeed with the support of great people and we are looking for great investors to join us in our journey to grow together.

"Judging by the high volume of glowing reviews, it appears as though GeoOrbital remains one of the few Kickstarter campaigns that offered a game-changing product, met a high demand, and continues to flourish."

- Digital Trends

In the Press

Tech Check: GeoOrbital Wheel
June 29, 2017

A new piece of technology can convert your old bike into an electric one in 60 seconds.

Cutting Edge: Somerville company reinvents the wheel
May 11, 2018

[VIDEO] Reinventing The Wheel. >> Most People Ride Bicycles. There Is A Growing Movement To Make Them The Modern Form Of Daily Transportation. >> You Can Sit There But You Don’t Have To Pedal. >> The GeoOOrbital Wheel, Given Your Bike A Little Boost.

How A Serial Entrepreneur Reinvented The Electric Bike And Raised $1M On Kickstarter
June 7, 2016

Michael Burtov isn’t an engineer, but he had an idea about how to make a wheel that would turn a regular bicycle into an electric one. So Burtov, 37, built a prototype in his kitchen, showed it around, and, two years ago, quit the last company he’d founded to focus on it

How This Electric Bike Startup Launched One of the Most Successful Kickstarter Campaigns Ever
June 13, 2017

After launching one of the most successful crowdfunding campaigns on Kickstarter ever last year, GeoOrbital, a Boston-based startup that manufacturers wheels that can make any bike electric in 60 seconds or less, is raising a batch of fresh funds from individual investors through StartEngine

Tech Companies Want To Make Walking Obsolete
May 10, 2018

If you are of the mind that traditional bicycles, cars, buses, trains, planes and feet are simply not sufficient for getting around, then you are in abundant company. Tech firms around the world are coming up with novel ways to get from A to B that usually aim to minimize the traveler’s effort...

GeoOrbital’s Electric Wheel Makes Bicycling a Breeze
June 17, 2016

No more breaking a sweat during your morning commute—a new type of wheel from GeoOrbital will give your standard bike some extra power. The Cambridge-based startup’s idea is simple. The GeoOrbital wheel can replace almost any front bicycle wheel in less than 60 seconds to turn it into an electric..

Rev up your ride with this electric-powered front wheel
May 23, 2016

GO teams with cycling enthusiast and Mashable video producer Jon Lynn as he explores the GeoOrbital Wheel, an electric-powered front wheel that will speed up your commute to work. Though it's not really for serious cyclists, it is definitely a more affordable alternative to an electric bike

The Coolest New Cycling Tech at Interbike
September 22, 2017

The GeoOrbital wheel is a self-contained kit that can convert any bike with quick-release fork and rim brakes into an e-bike in moments. A trigger throttle pulls the rider up to 20mph, and provides a typical range of 15 to 20 miles. With a bit of pedaling assist from the rider...

GeoOrbital’s wheel turns almost any bike into an electric bike
May 1, 2016

TechCrunch Disrupt NY 2016’s “wildcard” participant GeoOrbital has a different take on the electric bike. Instead of putting a motor on the bike, they put it in the wheel. This crazy idea was actually prompted by something founder Michael Burtov saw in the movie Tron.

Tron-inspired electric bike wheel chucks the hub
May 1, 2016

Whether it's the Copenhagen Wheel, the FlyKly Smart Wheel or the Electron Wheel, there are now several choices of motorized front wheels that temporarily turn your regular bike into an e-bike. So, what does a new product have to do to stand out in this market?

Say Farewell to Pedaling With This Electric Bike Wheel
May 11, 2016

Cycling is one of the best ways you can exercise. But... what if it wasn't? What if you didn't need to exercise or even exert physical energy to ride a bike? That dream/nightmare is coming closer to reality thanks to a successful Kickstarter that lets you hit 20 MPH

http://www.huffingtonpost.co.uk/entry/geoorbital-gives-any-bicycle-an-electric-motor-in-60-seconds_uk_57344ecee4b01359f68680ae
December 1, 2016

This is the GeoOrbital Wheel and it's just about one of the coolest Kickstarter projects we've ever seen. It is essentially a revolutionary electric wheel that when attached to almost any standard bicycle gives it an electric motor along with regenerative braking.

PRODUCT TEST: GEOORBITAL WHEEL
December 1, 2017

There are a few bolt-on options out there for turning a traditional bike into an electric one. Some are sophisticated and require a bike shop to install. Then there’s the GeoOrbital wheel, which is wholly unique and is an entirely self-sufficient, powered front wheel.

This motorized wheel adds electric power to your bike
May 1, 2016

Many different kinds of personal transportation are undergoing an electric revolution, but electric bikes might make up the biggest section of the market. In fact, it's boomed fast enough that we're already seeing weird, alternative ideas pop up. A perfect example is GeoOrbital

This Tron-Inspired Wheel Makes Your Bike Electric In 60 Seconds
May 6, 2016

It’s not uncommon for Americans to own bikes. It’s just uncommon that they actually use them for transportation, rather than just an occasional spin around the park. A new design might help get more old bikes out of garages.

GeoOrbital electric bike wheel and their customers!
April 23, 2018

Selling the GeoOrbital wheel to customers was the first thing this company had to do to succeed in the electric bike market. Keeping the community interested in product and Parade events is another thing that this electric bike company does well.

Easily transform your boring bike into an ebike with the GeoOrbital Wheel
June 20, 2018

As many popular transportation options make the switch to electric, bicycles are definitely not getting left behind. But if you aren’t interested in splurging on a fully electric bike, a company called GeoOrbital may just have the perfect solution for you.

Offering Summary

Maximum 76,428* shares of Common Non-Voting Shares  ($1,069,992.00)

*Maximum subject to adjustment for bonus shares. See 10% Bonus below

Minimum 714 shares of Common Non-Voting Shares ($9,996.00)


Company
GeoOrbital Inc.
 

Corporate Address
17 Properzi Way, Somerville, MA 02413
 

Description of Business
The Company develops and sells an “all-in-one” electric wheel that can be attached to almost any vehicle to make it electric. The companies current focus is primarily on bicycles.  The company also develops alternative electric vehicles based on its proprietary platform.

 

Type of Security Offered
Common Non-Voting Shares
 
Purchase Price of Security Offered
$14.00
 

Minimum Investment Amount (per investor) 
$504.00












Perks**

Invest $2,000 and receive a 10% discount ($12.60/per share) on Common Non-Voting Shares, and a 10% discount on product purchases**

Invest $5,000 and receive a 14% discount ($12.04/per share) on Common Non-Voting Shares, and a 14% discount on product purchases**

Invest $10,000 and receive a 17% discount ($11.62/per share) on Common Non-Voting Shares, and a 17% discount on product purchases**

Invest $50,000 and receive a 20% discount ($11.20/per share) on Common Non-Voting Shares, and a 20% discount on product purchases**

*The product purchase discount applies to any product purchases on geoo.com through September 31, 2019. 

The bonus shares are capped at every investment threshold. For example, if you invest $4,000, you will still receive an additional 10% discount on shares based on the $2,000 investment level.

**The additional shares occur after the offering is completed

The 10% Bonus for StartEngine Shareholders

GeoOrbital Inc. will offer 10% additional bonus shares for all investments that are committed by StartEngine Crowdfunding Inc. shareholders (with ≥ $1,000 invested in the StartEngine Reg A+ campaign) within 24 hours of this offering going live.

StartEngine shareholders who have invested $1,000+ in the StartEngine Reg A+ campaign will receive a 10% bonus on this offering within a 24-hour window of their campaign launch date.  This means you will receive a bonus for any shares you purchase.  For example, if you buy 10 Common Non-Voting Shares at $14 / share, you will receive 1 Common Non-Voting bonus shares, meaning you'll own 11 shares for $140.   Fractional shares will not be distributed and share bonuses will be determined by rounding down to the nearest whole share.

This 10% Bonus is only valid for one year from the time StartEngine Crowdfunding Inc. investors receive their countersigned StartEngine Crowdfunding Inc. subscription agreement.

Irregular Use of Proceeds

The Company might incur Irregular Use of Proceeds that may include but are not limited to the following over $10,000: Vendor payments and salary made to one's self, a friend or relative; Any expense labeled "Administration Expenses" that is not strictly for administrative purposes; Any expense labeled "Travel and Entertainment"; Any expense that is for the purposes of inter-company debt or back payments.

Show More
Most recent fiscal year-end:
Prior fiscal year-end:
Total Assets
$699,126.00 USD
$1,199,675.00 USD
Cash And Cash Equivalents
$103,311.00 USD
$407,725.00 USD
Accounts Receivable
$170,922.00 USD
$0.00 USD
Short Term Debt
$1,302,152.00 USD
$1,625,238.00 USD
Long Term Debt
$805,838.00 USD
$170,000.00 USD
Revenues And Sales
$2,046,883.00 USD
$36,764.00 USD
Costs Of Goods Sold
$2,001,604.00 USD
$59,130.00 USD
Taxes Paid
$0.00 USD
$0.00 USD
Net Income
-$831,330.00 USD
-$534,783.00 USD

Risks

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.


Updates

Follow GeoOrbital to get notified of future updates!

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