Volcon

Building the World’s FIRST All-Electric Outdoors-Vehicle Manufacturer

Analytics

Raised to Date: $1,070,000

Aggregate Commitments $
Platform

Wefunder

Start Date

12/01/2020

Close Date

12/16/2020

Min. Goal

$50,000

Max. Goal

$1,070,000

Min. Investment

$1,000

Security Type

SAFE

Funding Type

RegCF

Series

Seed

Valuation Cap

$15,000,000

Discount Rate

0%

Rolling Commitments $
Status
Funded
Reporting Date

12/31/2020

Days Remaining
Funded
% of Min. Goal

2,140%

% of Max. Goal

100%

Likelihood of Max
Funded
Avg. Daily Raise

$71,333

# of Investors

1,014

Momentum
Funded
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Location

Austin, Texas

Industry

Transportation, Automotive, Aviation, & Aerospace

Tech Sector

Cleantech

Distribution Model

B2C

Margin

Medium

Capital Intensity

High

Business Type

Growth

Volcon, with a $15 million valuation cap, is raising funds on Wefunder. The company designs and creates innovative electric vehicles for the outdoor power sports industry. It is building the world’s first all-electric off-road vehicle using advanced frame materials, an all-weather electric drive train, and a lithium battery. Andy Leisner founded Volcon in February 2020 and has raised over $3 million since its inception. The proceeds of the current crowdfunding campaign, with a minimum target of $50,000 and a maximum target of $1,070,000, will be used for product development, sales and marketing, and operations. Volcon is currently the only 100% electric vehicle company for outdoor power sports. It uses its patented magnetic torque-tunnel motors to produce two times the torque in half the other motor brands’ size.
Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-311,607

$0

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$1,384,500

$0

Accounts Receivable

$0

$0

Total Assets

$1,411,744

$0

Short-Term Debt

$87,517

$0

Long-Term Debt

$0

$0

Total Liabilities

$87,517

$0

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