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.

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Investment Overview

Funding data not publicly available

Deal Terms

Platform
Self Managed
Start Date
11/07/2023
Close Date
12/31/2024
Min. Goal
$1,000
Max Goal
$74,500,000
Min. Investment

$1,000

Security Type

Equity - Common

Company Stage

Growth Stage

SEC Filing Type

RegA+    Open SEC Filing

Price Per Share

$0.50

Pre-Money Valuation

$82,342,492

Company & Team

Company

Year Founded
2012
Industry
Transportation, Automotive, Aviation, & Aerospace
Tech Sector
Hardwaretech
Distribution Model
B2C
Margin
Low
Capital Intensity
High
Location
Oxnard, California
Business Type
Growth
Company Website
Visit Website

Team

Employees
30
Prior Founder Exits?
No
Founder Name
P.J. Tezza
Title
CEO

Funding data not publicly available

Financials

 Revenue +32% YoY
$4,620,686
 Monthly Burn
$172,021
 Runway
0.1 months

Balance Sheet

Cash and Cash Equivalents

$9,760

Investment Securities

$0

Accounts and Notes Receivable

$0

Property, Plant and Equipment (PP&E)

$227,969

Property and Equipment

$0

Total Assets

$1,392,793

Accounts Payable & Accrued Liabilities

$927,907

Long Term Debt

$81,115

Total Liabilities

$3,860,290

Total Stockholders' Equity

$-2,467,497

Total Liabilities and Equity

$1,392,793

Statement of Comprehensive Income Information

Total Revenues

$4,994,056

Costs & Expenses Applicable to Rev

$4,336,177

Depreciation and Amortization

$0

Net Income

$-2,064,250

Earnings Per Share - Basic

$-0.01

Earnings Per Share - Diluted

$-0.01

Auditor: SetApart Financial Services, LLC
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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
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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.

Employee History

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ModVans on Self Managed 2023
Platform: Self Managed
Security Type: Equity - Common
Valuation: $82,342,492
Price per Share: $0.50

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

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