RINDEV
Early Stage
Trailblazing the Electric Outdoor Experience
Overview
Raised: $213,207
Total Commitments ($USD)
Platform
Wefunder
Start Date
04/06/2022
Close Date
11/30/2022
Min. Goal
$100,000
Max. Goal
$1,070,000
Min. Investment
$100
Security Type
SAFE
Series
Pre-Seed
SEC Filing Type
RegCF
Early Bird Val. Cap
$12,000,000
Valuation Cap
$16,000,000
Discount
0%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
12/03/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$900
# of Investors
98
Momentum
Funded
Create a free account today to gain access to KingsCrowd analytics.
Year Founded
2020
Industry
Transportation, Automotive, Aviation, & Aerospace
Tech Sector
Hardwaretech
Distribution Model
B2C
Margin
Low
Capital Intensity
High
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: 04/06/2022
Create a free account today to gain access to KingsCrowd analytics.
Upgrade to gain access
Pay Monthly
Annually (Save 17%)
-
$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
Edge
Already a member? Log in here.
Ratings 
Founders: enhance your startup's credibility on KingsCrowd. Create an account to claim this raise page.