Overview

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 process that includes a portfolio review, video interviews, and a project pitch competition. This merit-based approach sets Orb apart from traditional aviation companies that often prioritize formal qualifications. The company's goal is to democratize opportunities in aviation and advanced manufacturing, allowing talented individuals to contribute to solving complex industry challenges.

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