RINDEV

Early Stage

Trailblazing the Electric Outdoor Experience

Analytics

Raised to Date: Raised: $214,607

Aggregate Commitments $

Platform

Wefunder

Start Date

04/07/2022

Close Date

04/30/2023

Min. Goal

$100,000

Max. Goal

$1,070,000

Min. Investment

$100

Security Type

SAFE

Funding Type

RegCF

Series

Pre-Seed

Valuation Cap

$16,000,000

Discount Rate

0%

Rolling Commitments $

Status

Active

Reporting Date

08/13/2022

Days Remaining

260

% of Min. Goal

215%

% of Max. Goal

20%

Likelihood of Max
unlikely
Avg. Daily Raise

$1,677

Momentum
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Location

Englewood, Colorado

Industry

Transportation, Automotive, Aviation, & Aerospace

Tech Sector

Hardwaretech

Distribution Model

B2C

Margin

Low

Capital Intensity

High

Business Type

Growth

RINDEV, with a valuation of $16 million, is raising funds on Wefunder. The company is making luxurious and durable off-road vehicles that are high in performance and low on environmental impact. The off-road vehicles of RINDEV are powered by an internal combustion engine, have high torque and high horsepower, and come with luxurious styling. RINDEV is led by a highly experienced team and has partnered with major industry-leading brands. Ari Kronish founded RINDEV in December 2020. The current crowdfunding campaign has a minimum target of $100,000 and a maximum target of $1,070,000. The campaign proceeds will be used for R&D and prototype build, marketing, and general and administrative costs.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-471,578

$-48,167

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$9,339

$6,449

Accounts Receivable

$0

$0

Total Assets

$60,197

$51,857

Short-Term Debt

$31,230

$2,290

Long-Term Debt

$150,000

$0

Total Liabilities

$181,230

$2,290

Financials as of: 04/07/2022
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RINDEV on Wefunder 2022
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Platform: Wefunder
Security Type: SAFE
Valuation: $16,000,000

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