ModVans

Neutral
BETA

Multipurpose camping vehicles for family, work and play

Analytics

Raised to Date: $89,640

Aggregate Commitments $
Platform

Wefunder

Start Date

11/20/2020

Close Date

05/01/2021

Min. Goal

$50,004

Max. Goal

$400,000

Min. Investment

$100

Security Type

Equity - Common

Funding Type

RegCF

Series

Pre-Seed

Pre-Money Valuation

$20,700,000

Weekly Commitments $
Status

Active

Reporting Date

02/24/2021

Days Remaining

65

% of Min. Goal

179%

% of Max. Goal

22%

Likelihood of Max
Avg. Daily Raise

$934

# of Investors

194

Momentum
Location

Oxnard, California

Industry

Transportation, Automotive, Aviation, & Aerospace

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Medium

Capital Intensity

High

Business Type

Growth

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

Ratings

last updated 02/25/2021

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Analyst Report

Neutral
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.
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