AEONrv

AEONrv

Closed: Dec. 2024

About this raise: AEONrv, with a valuation of $32.99 million, is raising funds on Wefunder. The company has created an all-season and off-road capable recreational vehicle. AEONrv’s recreational vehicle is considered the Tesla of RVs as it is powered by green technology with an electric and solar-powered cabin that is ten times more thermally efficient than typical RVs. The business has delivered 29 vehicles with a plan for 45-50 total in 2024 and generated revenues of $1.8 million in 2023. James Ritchie founded AEONrv in January 2021. The current crowdfunding campaign has a minimum target of $50,001 and a maximum target of $1.23 million. The campaign proceeds will be used for hiring, increasing manufacturing capacity, sales, marketing, and support.

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Investment Overview

Invested this round: $333,990

Deal Terms

Total Commitments ($USD)

Platform
Wefunder
Start Date
08/22/2024
Close Date
12/13/2024
Min. Goal
$50,001
Max. Goal
$1,234,998
Min. Investment

$100

Security Type

Equity - Preferred

Series

Series A

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$3.00

Pre-Money Valuation

$32,985,000

Company & Team

Company

Year Founded
2021
Industry
Transportation, Automotive, Aviation, & Aerospace
Tech Sector
Hardwaretech
Distribution Model
B2C
Margin
Low
Capital Intensity
High
Location
Reno, Nevada
Business Type
Growth
Company Website
Visit Website

Team

Employees
30
Prior Founder Exits?
Yes
Founder Name
Jim Ritchie
Title
CEO

Financials

as of August 1, 2024
 Revenue +366% YoY
$1,795,775
 Monthly Burn
$23,044
 Runway
24+ months
Gross Margin
30%

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$1,795,775

$385,370

COGS

$1,248,237

$253,446

Tax

$0

$0

 

 

Net Income

$-276,529

$-266,528

Summary Balance Sheet

FY 2023 FY 2022

Cash

$1,376,083

$63,723

Accounts Receivable

$0

$0

Total Assets

$3,927,687

$924,896

Short-Term Debt

$3,406,527

$267,804

Long-Term Debt

$272,946

$132,350

Total Liabilities

$3,679,473

$400,154

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$1,198,493
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
12/13/2024 Wefunder $32,985,000 $333,990 Equity - Preferred Funded RegCF
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Add to portfolio
AEONrv on Wefunder 2024
Platform: Wefunder
Security Type: Equity - Preferred
Valuation: $32,985,000
Price per Share: $3.00

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Follow AEONrv on Wefunder 2024

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Warning: according to the close date for this deal, AEONrv may no longer be accepting investments.

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