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Organic Transit

Organic Transit?uq=x1rNslWr
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.

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
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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
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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 Impact Investing Minority 000 0000 000000 0

Organic Transit Executive Team (4)

Name Title Board
Seat
Contact
Info
Robert Cotter Co-Founder, Chief Executive Officer, President & Board Member
Maureen Costello Co-Founder, Chief Administrative Officer & Board Member
Don Gerhardt Chief Technology Officer

1 Former Executive

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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 »