Homecrowd sourcedVonMercier on Republic 2022 - KingsCrowd

VonMercier on Republic 2022 – KingsCrowd

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Valuation Cap

$20,000,000

Reporting Date

08/02/2022

Likelihood of Max

Momentum

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Location

HAVRE DE GRACE, Maryland

Industry

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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