Orb Aerospace

Democratizes aviation through merit-based programs

Lowell, Michigan, United States

About Orb Aerospace

Orb Aerospace focuses on making aviation more accessible by providing practical solutions for individuals with proven skills, regardless of their educational background. Their main product is a fellowship program called Orbship, which selects candidates based on their project portfolios and problem-solving abilities through a competitive selection process that includes a project review, video interview, and a pitch competition. This merit-based approach sets Orb apart from traditional flying taxi companies, as they prioritize skill over formal qualifications. The company generates revenue through advanced manufacturing contracts and partnerships, demonstrating their reliability in the industry. The goal of Orb Aerospace is to democratize aviation opportunities and empower talented individuals to tackle complex challenges in the aviation and advanced manufacturing sectors.

Lowell, MichiganHeadquarters
2017Year Founded
$3.3MTotal Funding
SEEDCompany Stage
Industrial & Manufacturing, AerospaceIndustries
11-50Employees

Benefits

Health Insurance
Dental Insurance
Vision Insurance
Life Insurance
Disability Insurance
401(k) Company Match
Professional Development Budget

Risks

Competition from other electric aircraft developers could dilute Orb Aerospace's market share.
Scaling production to meet demand may be challenging due to limited resources.
Dependence on advanced manufacturing contracts makes operations vulnerable to economic fluctuations.

Differentiation

Orb Aerospace focuses on practical and inclusive aviation solutions, unlike traditional flying taxis.
The Orbship fellowship selects candidates based on skills, not educational background.
Orb Aerospace's business model is merit-based, emphasizing project portfolios and problem-solving.

Upsides

Orb Aerospace raised $2.85 million in venture funding for electric aircraft development.
The Orbship fellowship aligns with growing trends in merit-based programs in tech and aviation.
Rising demand for innovative solutions in advanced manufacturing benefits Orb Aerospace's model.

Funding

Total raised$3.26 M
Latest valuation$15.00 M
StageSEED
ANGEL
6/30/2019
N/A
$1.75 M