Organic Transit
2012
FOUNDED
PRIVATE
STATUS
11-20
EMPLOYEES
Series A
LATEST DEAL TYPE
$2.52M
LATEST DEAL AMOUNT
2
INVESTORS
Description
Manufacturer and online seller of solar and human powered hybrid car-bike designed to change the future of transportation by offering an environmentally friendly way to travel. The company's ELF is an enclosed solar/pedal/electric vehicle that seats two adults, travels on roads and bike paths, carries up to a 550 lb. payload and gets the equivalent of 1800 mpg and doesn't require a license or insurance, enabling consumers to be environmentally friendly during transportation.
Website
Ownership Status
Privately Held (backing)
Financing Status
Venture Capital-Backed
Primary Industry
Internet Retail
Other Industries
Other Retail
Primary Office
- 105 West Corporation Street
- Durham, NC 27701
- United States
+1 (919) 000-0000
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Organic Transit Valuation and Funding
| Deal Type | Date | Amount | Raised to Date | Post-Val | Status | Stage |
|---|---|---|---|---|---|---|
| 3. Early Stage VC (Series A) | 20-Apr-2016 | $2.52M | 00.000 | 000.00 | Completed | Startup |
| 2. Early Stage VC | 01-Nov-2014 | 000 | 000 | 000 | Completed | Startup |
| 1. Product Crowdfunding | 14-Jan-2013 | $226K | Completed | Startup |
Organic Transit Cap Table
| Stock | # of Shares Authorized |
Par Value | Dividend Rate (%) | Original Issue Price |
Liquidation | Liquidation Pref. Multiple |
Conversion Price |
% Owned |
|---|---|---|---|---|---|---|---|---|
| Series A | 0,000,000 | 00.000000 | 00.00 | 00.00 | 00 | 00.00 | 00.000 |
Organic Transit Investors (2)
| Investor Name | Investor Type | Holding | Investor Since | Participating Rounds | Board Seat |
Contact Info |
|---|---|---|---|---|---|---|
| Solidarity Capital Group | Impact Investing | Minority | 000 0000 | 000000 0 | ||
| Investors' Circle | Venture Capital | Minority | 000 0000 | 000000 0 |
Organic Transit Executive Team (4)
1 Former Executive
You’re viewing 3 of 4 executives. Get the full list »Organic Transit Board Members (8)
| Name | Representing | Role | Since | Contact Info |
|---|---|---|---|---|
| Maureen Costello | Organic Transit | Co-Founder, Chief Administrative Officer & Board Member | 000 0000 | |
| Michael Hastings | Organic Transit | Board Member | 000 0000 | |
| Robert Cotter | Organic Transit | Co-Founder, Chief Executive Officer, President & Board Member | 000 0000 | |
| Worth Harris | Self | Board Member | 000 0000 |
4 Former Board Members
You’re viewing 4 of 8 board members. Get the full list »