Organic Transit Overview

  • Year Founded
  • 2012

Year Founded

  • Status
  • Acquired/​Merged

  • Employees
  • 12

Employees

  • Latest Deal Type
  • M&A

Organic Transit General Information

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 car-bike is an enclosed solar/pedal/electric vehicle that seats two adults, travels on roads and bike paths, carries a large payload, and gets the equivalent of 1800 mpg and doesn't require a license or insurance, providing individuals with light-weight and easy-to-manage mode of transportation.

Contact Information

Website
www.organictransit.com
Ownership Status
Acquired/Merged
(Operating Subsidiary)
Financing Status
Formerly VC-backed
Corporate Office
  • P.O. 91714
  • 1 Floretta Pl, Room 208
  • Raleigh, NC 27676-9902
  • United States
+1 (919)
Primary Industry
Automotive
Parent Company
PetroSun
Vertical(s)
CleanTech, Mobility Tech, Manufacturing
Corporate Office
  • P.O. 91714
  • 1 Floretta Pl, Room 208
  • Raleigh, NC 27676-9902
  • United States
+1 (919)

Want detailed data on 3M+ companies?

What you see here scratches the surface

Request a free trial

Want to dig into this profile?

We’ll help you find what you need

Learn more

Organic Transit Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
5. Merger/Acquisition 01-Jul-2020 Completed Generating Revenue/Not Profitable
4. Bankruptcy: Admin/Reorg 14-Jun-2019 Completed Bankruptcy: Admin/Reorg
3. Early Stage VC (Series A) 20-Apr-2016 Completed Generating Revenue
2. Early Stage VC 01-Nov-2014 $1M $1M Completed Generating Revenue
1. Product Crowdfunding 14-Jan-2013 $226K Completed Generating Revenue
To view Organic Transit’s complete valuation and funding history, request access »

Organic Transit Cap Table

Stock # of Shares
Authorized		 Par Value Dividend Rate (%) Original
Issue Price		 Liquidation Liquidation
Pref. Multiple		 Conversion Price % Owned
Series A
To view Organic Transit’s complete cap table history, request access »

Organic Transit Patents

  • 5

    Total Documents Applications and Grants

  • Total Patents Families

  • 5

    Granted

  • Pending

  • Expiring in next 12 mo

Organic Transit Recent Patent Activity

Publication ID Patent Title Status First Filing Date Technology (CPC) Citations
US-10011317-B2 Steering mechanism for pedal driven vehicle Active 13-Mar-2013
US-20160031518-A1 Steering mechanism for pedal driven vehicle Active 13-Mar-2013
US-10864961-B2 Steering mechanism for vehicle Active 13-Mar-2013
US-20180304955-A1 Steering mechanism for vehicle Active 13-Mar-2013
US-D871258-S1 Hybrid pedal and electric powered vehicle Active 01-Mar-2013
To view Organic Transit’s complete patent history, request access »

Organic Transit Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

Key Data Points

Similarweb Unique Visitors

Majestic Referring Domains

PitchBook’s non-financial metrics help you gauge a company’s traction and growth using web presence and social reach.

Request a free trial

Organic Transit Former Investors (2)

Investor Name Investor Type Holding Investor Since Participating Rounds
Social Venture Circle Impact Investing Minority
Solidarity Capital Group Impact Investing Minority
To view Organic Transit’s complete investors history, request access »

Ready to get started?

Request a free trial

Organic Transit FAQs

  • When was Organic Transit founded?

    Organic Transit was founded in 2012.

  • Where is Organic Transit headquartered?

    Organic Transit is headquartered in Raleigh, NC.

  • What is the size of Organic Transit?

    Organic Transit has 12 total employees.

  • What industry is Organic Transit in?

    Organic Transit’s primary industry is Automotive.

  • Is Organic Transit a private or public company?

    Organic Transit is a Private company.

  • What is Organic Transit’s current revenue?

    The current revenue for Organic Transit is .

  • How much funding has Organic Transit raised over time?

    Organic Transit has raised $3.52M.

  • Who are Organic Transit’s investors?

    Social Venture Circle and Solidarity Capital Group have invested in Organic Transit.

  • When was Organic Transit acquired?

    Organic Transit was acquired on 01-Jul-2020.

  • Who acquired Organic Transit?

    Organic Transit was acquired by PetroSun.

Data Transparency

  • Meet our data hygiene team

    Discover how our experts ensure you’re getting the most accurate financial data in the industry.

    Read blog »

  • How PitchBook sources data

    Our data operations team has logged over 3.5 million hours researching, organizing, and integrating the information you need most.

    Discover our process »