ModVans

ModVans

Growth Stage

Modern Modular Multipurpose

Modern Modular Multipurpose

Overview

Funding data not publicly available
Platform

Self Managed

Start Date

11/06/2023

Close Date

Not Provided

Min. Goal
$1,000
Max. Goal
$74,500,000
Min. Investment

$1,000

Security Type

Equity - Common

Series

Series A

SEC Filing Type

RegA+    Open SEC Filing

Price Per Share

$0.50

Pre-Money Valuation

$82,342,492

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

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.

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
Financials as of: 11/06/2023
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
ModVans 11/06/2024 Self Managed $82,342,492 - Equity - Common Active RegA+
ModVans 12/29/2022 Wefunder $74,156,340 $114,163 Equity - Common Funded RegCF
ModVans 08/30/2021 Wefunder $20,700,000 $308,805 Equity - Common Funded RegCF
ModVans 06/29/2020 StartEngine $13,500,000 $1,069,941 Equity - Common Funded RegCF
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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

Funding data not publicly available

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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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