ModVans

Neutral
BETA

Multipurpose camping vehicles for family, work and play

Analytics

Raised to Date: $13,860

Aggregate Commitments $
Platform

Wefunder

Start Date

11/20/2020

Close Date

02/11/2021

Min. Goal

$50,004

Max. Goal

$400,000

Min. Investment

$100

Security Type

Equity - Common

Funding Type

RegCF

Valuation

$25,300,000

Weekly Commitments $
Status

Active

Reporting Date

11/25/2020

Days Remaining

74

% of Min. Goal

28%

% of Max. Goal

3%

Likelihood of Max
Avg. Daily Raise

$2,772

Momentum
Location
Industry

Transportation, Automotive, Aviation, & Aerospace

Tech Sector

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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