A new crowdfunding campaign lets you invest in the company For many people aspiring to own a camper van, one of the greatest challenges is how the van can function as both a daily driver and a weekend getaway. It can be financially impractical to own a second or third vehicle, and the brilliance of a Class B van is that there?s the possibility that it can perform double duty. Love campers and trailers" Come join our new community group.
In reality, however, it?s hard to find a modular van that can sleep a family on vacation and still safely haul everyone to soccer practice during the week. California-based ModVans offers an innovative solution to this problem. We covered ModVans in the past when its signature camper van was in the design stage, and now the company has debuted a production model?called the CV1?that looks to capitalize on its initial success.
The big difference between ModVans and its competitors is that in order to fund its expansion, ModVans is selling stock via a regulation crowdfunding campaign. It?s a bit like a Kickstarter campaign, but instead of buying a product, investors purchase stock?or equity?in the company during an online public offering.
The minimum investment is $101.15, and your money goes toward helping ModVans expand production. Currently, the company has accrued approximately $2.4 million in sales and is producing two to four units per month. If the crowdfunding campaign is successful, ModVans hopes that by September 2019 th...