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$20,000,000
08/02/2022
HAVRE DE GRACE, Maryland
Transportation, Automotive, Aviation, & Aerospace
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
Revenue |
$0 |
$0 |
COGS |
$0 |
$0 |
Tax |
$0 |
$0 |
|
||
|
||
Net Income |
$-435,765 |
$-164,579 |
Summary Balance Sheet
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: 08/02/2022
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