RINDEV
About this raise
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.
Investment Overview
Invested : $213,207
Deal Terms
Total Commitments
- Platform
- Wefunder
- Start Date
- 04/07/2022
- Close Date
- 11/30/2022
$100,000
$1,070,000
$100
SAFE
Early Stage
RegCF
$12,000,000
$16,000,000
0%
Company & Team
Company
- Year Founded
- 2020
- Industry
- Transportation, Automotive, Aviation, & Aerospace
- Tech Sector
- Distribution Model
- B2C
- Margin
- Low
- Capital Intensity
- High
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $0
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 11/30/2022 | Wefunder | $16,000,000 | $213,207 | SAFE | Funded | RegCF |