Overview

Orb Aerospace focuses on making aviation more accessible by providing practical solutions for flying. They differentiate themselves from traditional flying taxi services by targeting skilled individuals, referred to as "flying cowboys," who may not have formal educational backgrounds but have proven their abilities through their work. Their unique business model includes a fellowship program called Orbship, where candidates are selected based on their project portfolios and problem-solving skills through a competitive selection process that includes a project review, video interview, and a pitch competition. Orb Aerospace generates revenue by securing advanced manufacturing contracts and forming partnerships, showcasing their reliability in the industry. The company's goal is to democratize aviation opportunities, emphasizing skill and merit over traditional qualifications, and to support talented individuals in solving complex challenges in aviation and advanced manufacturing.

Simplify's Take

What believers are saying

• 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.

What critics are saying

• 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.

What makes Orb Aerospace unique

• 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.

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Funding

Total Funding

$3.4M

Meets

Industry Average

Funded Over

2 Rounds

$3,000,000

Seed

Oct 2021

Seed funding is usually the first official round after pre-seed, when a startup has a prototype or concept. It’s typically used to develop the product, test the market, and start building the team. Investors here are often angel investors or early-stage venture capitalists.

Seed Funding Comparison

Meet Average

Industry standards

Ind Avg. $3.3M

$500k

$1.5M

$2M

$2.3M

$3M

$3M

View all funding stages