Organic Transit

Forget EVs — Here's a Solar-Powered Car

Company Information

Website:

https://organictransit.com/

Sector:

Other Transportation

Location:

Raleigh, NC

Organic Transit is creating the world’s first commercially-available solar-powered vehicle.

This vehicle is meant to replace both cars and bikes for daily trips. According to the company, it’s safer than a bike and cheaper than a car.

The vehicle is actually a hybrid. It runs on electric power and solar power, and can even be pedaled like a traditional bicycle. It can reach speeds of up to thirty miles per hour and travel up to 200 miles on a single charge.

Organic Transit has already sold 850 of its vehicles and generated more than seven million dollars in lifetime revenue.

Team Background

Rob Cotter - Founder & CEO
Michael Hastings - Chief Financial Officer

Co-Investors

Raising
$1.235 million
Committed
$100.29K (8%)
Current Valuation
$10 million
Min. Investment
$100
Deal Type
Title III
(For all investors)
Offering Type
Equity
Finance History
  • $210K
    2024-12-01
    Unknown
  • $109.062K
    2024-01-01
    Unknown
Notable Investors
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