ModVans

ModVans

Growth Stage

Multipurpose camping vehicles for family, work and play

Multipurpose camping vehicles for family, work and play

Overview

Raised to Date: Raised: $114,163

Total Commitments ($USD)

Platform

Wefunder

Start Date

06/30/2022

Close Date

12/30/2022

Min. Goal
$50,025
Max. Goal
$4,799,996
Min. Investment

$250

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$31.00

Early Bird Valuation

$69,372,060

Pre-Money Valuation

$74,156,340

Rolling Commitments ($USD)

Status
Funded
Reporting Date

12/31/2022

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$627

# of Investors

123

Momentum
Funded
Create a free account today to gain access to KingsCrowd analytics.
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 $74.2 million, is raising funds on Wefunder. The company manufactures and sells multipurpose camping vehicles for work, play, and family. The CV1 camper van of ModVans comes with comfortable seating for five passengers, two beds, and removable RV components. ModVans has generated over $10 million in total revenue and is on track to generate $10 million in 2022. Pj Tezza and Laurie Tezza founded ModVans in 2012. The current crowdfunding campaign has a minimum target of $50,025 and a maximum target of $4,799,996. The campaign proceeds will be used for marketing, R&D, and production capacity.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$3,504,390

$2,941,465

COGS

$4,023,830

$3,081,075

Tax

$0

$0

 

 

Net Income

$-1,746,672

$-973,054

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$15,993

$110,507

Accounts Receivable

$0

$0

Total Assets

$1,023,484

$928,131

Short-Term Debt

$740,147

$412,034

Long-Term Debt

$196,551

$389,138

Total Liabilities

$936,698

$801,172

Financials as of: 06/30/2022
Create a free account today to gain access to KingsCrowd analytics.

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 Not Funded 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
Create a free account today to gain access to KingsCrowd analytics.

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Valuation History

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.

Employee History

Upgrade to gain access

Pay Monthly
Annually (Save 17%)

Edge

$25 /month
billed annually
Free portfolio tracking, data-driven ratings, AI analysis and reports
Plan Includes:
Everything in Free, plus
Company specific KingsCrowd ratings and analyst reports
Deal explorer and side-by-side comparison
Startup exit and failure tracking
Startup market filters and historical industry data
Advanced company search ( with ratings)
Get Edge Annual
Already a member? Log in here.

Ratings KingsCrowd Startup Rating Methodology Article

Blurred Ratings Bars Blurred Ratings Bars
Founders: enhance your startup's credibility on KingsCrowd. Create an account to claim this raise page.
Add to portfolio
ModVans on Wefunder 2022
Platform: Wefunder
Security Type: Equity - Common
Valuation: $74,156,340
Price per Share: $31.00

Follow company

Follow ModVans on Wefunder 2022

Buy ModVans's Deal Report

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

ModVans Deal Report

Get KingsCrowd’s comprehensive report on ModVans including:

  • How our proprietary algorithm rates their current capital raise (1-5 stars)
  • Detailed price, market, team, differentiators, performance, and risk ratings
  • Whether ModVans is undervalued or overvalued
  • Scores on the founding team and key personnel's background and expertise

Buy the ModVans deal report for only $10!

Email address:
Looking to buy more than one deal report? Get unlimited reports by upgrading to Edge