ModVans
Multipurpose camping vehicles for family, work and play
Analytics
Raised to Date: $13,860
Aggregate Commitments $
Wefunder
11/20/2020
02/11/2021
$50,004
$400,000
$100
Equity - Common
RegCF
$25,300,000
Weekly Commitments $
Active
11/25/2020
74
28%
3%
$2,772
Transportation, Automotive, Aviation, & Aerospace
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 of Crowdfunding Raises
| Close Date | Platform | Valuation/Cap | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 02/11/2021 | Wefunder | $25,300,000 | $13,860 | Equity - Common | Active | RegCF |
| 06/30/2020 | StartEngine | $13,500,000 | $1,069,941 | Equity - Common | Confirmed Closed | RegCF |
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