ModVans
Multipurpose camping vehicles for family, work and play
Analytics
Raised to Date: $89,640
Aggregate Commitments $
Wefunder
11/20/2020
05/01/2021
$50,004
$400,000
$100
Equity - Common
RegCF
Pre-Seed
$20,700,000
Weekly Commitments $
Active
02/24/2021
65
179%
22%
$934
194
Oxnard, California
Transportation, Automotive, Aviation, & Aerospace
Non-Tech
B2C
Medium
High
ModVans, with a pre-money valuation of $25.3 million, is raising crowdfunding on Wefunder. The company manufactures and sells multipurpose camping vehicles for work, play, and family. The CV1 camper van of ModVans comes with comfortable seating for five passengers, two beds, and removable RV components. Pj Tezza and Laurie Tezza founded ModVans in 2012 and raised over $1.7 million since the inception. The proceeds of the current crowdfunding round, with a minimum raise of $50,004 and a maximum raise of $400,000, will be used towards website overhaul, marketing videos, COGS inventory, and other legal expenses. ModVans has a proven demand with $12 million of deposit-backed reservations, $6 million of signed sales orders, and $3.6 million in revenue.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$1,472,710 |
$357,013 |
|
COGS |
$949,348 |
$559,791 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-145,864 |
$-517,197 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$113,581 |
$59,382 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$193,116 |
$141,109 |
|
Short-Term Debt |
$73,380 |
$101,863 |
|
Long-Term Debt |
$200,887 |
$0 |
|
Total Liabilities |
$274,267 |
$340,802 |
Summary of Crowdfunding Raises
| Close Date | Platform | Valuation/Cap | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 05/01/2021 | Wefunder | $20,700,000 | $89,640 | Equity - Common | Active | RegCF |
| 06/30/2020 | StartEngine | $13,500,000 | $1,069,941 | Equity - Common | Confirmed Closed | RegCF |
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Ratings Platform - Beta Trial
Our new ratings and analytics platform is currently in Beta. To gain access to the Beta platform features, upgrade to a Pro paid account and accept the Beta terms on any page.
For a limited time, use coupon code "TRYMERLIN20" for a free 20 day trial of Kingscrowd Pro and Merlin Beta. Your paid subscription will activate at the end of 20 days. Cancel anytime.Other Deals
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