VonMercier

VonMercier

Early Stage

Bringing imagined vehicles to life—starting with the electric (EV) hovercraft

Bringing imagined vehicles to life—starting with the electric (EV) hovercraft

Overview

Raised this Round: 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    Open SEC Filing

Valuation Cap

$20,000,000

Discount

20%

Year Founded

2021

Industry

Transportation, Automotive, Aviation, & Aerospace

Tech Sector

Hardwaretech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

High

Location

HAVRE DE GRACE, Maryland

Business Type

Growth

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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VonMercier on Republic 2022
Platform: Republic
Security Type: SAFE
Valuation: $20,000,000

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