Organic Transit Overview
- Year Founded
-
2012

- Status
-
Acquired/Merged
- Employees
-
12

- 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(Operating Subsidiary)
Corporate Office
- P.O. 91714
- 1 Floretta Pl, Room 208
- Raleigh, NC 27676-9902
- United States
Corporate Office
- P.O. 91714
- 1 Floretta Pl, Room 208
- Raleigh, NC 27676-9902
- United States
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 |
Organic Transit Cap Table
Stock | # of Shares Authorized |
Par Value | Dividend Rate (%) | Original Issue Price |
Liquidation | Liquidation Pref. Multiple |
Conversion Price | % Owned |
---|---|---|---|---|---|---|---|---|
Series A |
Organic Transit Patents
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 |
Organic Transit Signals
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 |
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.
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