VonMercier
Early Stage
Bringing imagined vehicles to life—starting with the electric (EV) hovercraft
Overview
Raised: $111,629
Total Commitments ($USD)
Platform
Republic
Start Date
08/01/2022
Close Date
12/03/2022
Min. Goal
$25,000
Max. Goal
$1,070,000
Min. Investment
$150
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
Valuation Cap
$20,000,000
Discount
20%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
12/30/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$908
# of Investors
185
Momentum
Funded
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Year Founded
2021
Industry
Transportation, Automotive, Aviation, & Aerospace
Tech Sector
Hardwaretech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
High
VonMercier, with a valuation of $20 million, is raising funds on Republic. The company is building an electric hovercraft called the Arosa. Arosa is a sports hovercraft that can travel over land and water and is quiet and easy to use. The hovercraft is an amphibious EV and also helps to reduce global emissions while adapting to a changing climate. VonMercier has developed the directional control system for the hovercraft and has laid the foundation for hover vehicles to be quieter and easier to use. Michael Mercier founded VonMercier in March 2021. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $1,070,000. The campaign proceeds will be used for hiring, manufacturing the Arosa, and delivering the hovercraft to customers.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-435,765 |
$-164,579 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$160,686 |
$395 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$324,652 |
$26,949 |
|
Short-Term Debt |
$15,963 |
$9,218 |
|
Long-Term Debt |
$508,779 |
$637,673 |
|
Total Liabilities |
$524,742 |
$646,891 |
Financials as of: 08/01/2022
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