ModVans on Wefunder 2022 – KingsCrowd

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Security Type

Equity – Common

Pre-Money Valuation

$74,156,340

Reporting Date

07/03/2022

Likelihood of Max

likely

Momentum

warm.svg

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Location

Oxnard, California

Industry

Transportation, Automotive, Aviation, & Aerospace

ModVans, with a valuation of $74.2 million, is raising funds on Wefunder. The company manufactures and sells multipurpose camping vehicles for work, play, and family. The CV1 camper van of ModVans comes with comfortable seating for five passengers, two beds, and removable RV components. ModVans has generated over $10 million in total revenue and is on track to generate $10 million in 2022. Pj Tezza and Laurie Tezza founded ModVans in 2012. The current crowdfunding campaign has a minimum target of $50,025 and a maximum target of $4,799,996. The campaign proceeds will be used for marketing, R&D, and production capacity.

Summary Profit and Loss Statement

Revenue

$3,504,390

$2,941,465

COGS

$4,023,830

$3,081,075

Tax

$0

$0

 

 

Net Income

$-1,746,672

$-973,054

Summary Balance Sheet

Cash

$15,993

$110,507

Accounts Receivable

$0

$0

Total Assets

$1,023,484

$928,131

Short-Term Debt

$740,147

$412,034

Long-Term Debt

$196,551

$389,138

Total Liabilities

$936,698

$801,172

Financials as of: 07/01/2022

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Raise History

ModVans 04/30/2023 Wefunder $74,156,340 $42,887 Equity – Common
Active
RegCF
ModVans 08/31/2021 Wefunder $20,700,000 $308,805 Equity – Common
Funded
RegCF
ModVans 06/30/2020 StartEngine $13,500,000 $1,069,941 Equity – Common
Funded
RegCF

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