ModVans (2024)
About this raise
ModVans, with a valuation of $85 million, is raising funds independently through Reg A+ crowdfunding. The company manufactures and sells multipurpose camping vehicles for work, play, and family. ModVans’ CV1 camper van comes with comfortable seating for five passengers, two beds, and removable RV components. The company has delivered over 160 vehicles and generated over $15 million in total revenue, and is helping people save money and the planet. Peter J. Tezza II and Laura L. Tezza founded ModVans in 2012. The current crowdfunding campaign has a maximum target of $74.5 million. The campaign proceeds will be used to lease, purchase, or construct a new manufacturing facility, purchase additional inventory and new manufacturing equipment, create an RV campground at the manufacturing facility, and fund working capital.
Investment Overview
Deal Terms
Company & Team
Company
- Year Founded
- 2012
- Industry
- Transportation, Automotive, Aviation, & Aerospace
- Tech Sector
- Distribution Model
- B2C
- Margin
- Low
- Capital Intensity
- High
Financials
- Revenue +32% YoY
- $4,620,686
- Monthly Burn
- $172,021
-
Runway
- 0.1 months
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $1,200,000
- VC Backed?
- No
Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
---|---|---|---|---|---|---|
12/31/2024 | Self Managed | $82,342,492 | - | Equity - Common | Funded | RegA+ |
12/30/2022 | Wefunder | $74,156,340 | $114,163 | Equity - Common | Funded | RegCF |
08/31/2021 | Wefunder | $20,700,000 | $308,805 | Equity - Common | Funded | RegCF |
06/30/2020 | StartEngine | $13,500,000 | $1,069,941 | Equity - Common | Funded | RegCF |
Growth Charts
Revenue History
Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.
Valuation History
Price per Share History
Note: Share prices shown in earlier rounds may not be indicative of any stock splits.