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Security Type
-
Equity
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Categories
-
Art & Collectibles
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Min Investment
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$250
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Offering Date
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February 01, 2023
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Expected Close Date
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June 29, 2023
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Target Raise
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$15.00K-$1.20M
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No. Investors
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73
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Security Price
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$4.81
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Valuation
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$10,491,813
- Number of Employees
- 2
- Cash
- $27,415
- Revenue
- $118,273
- Short Term Debt
- $5,072
- Cost of Goods
- $75,753
- Long Term Debt
- $13,778
- Net Income
- $13,054
Company Description
VanLab designs and manufactures a range of high-quality, aesthetically focused flatpack campervan kitsets, which we believe makes it easier than ever before to embrace the outdoor lifestyle. We enable our customers to assemble their dream campervan in just 2 days, with a flatpack kit delivered directly to their door. With our introductory product lineup, we are currently achieving up to $18.5k in weekly revenue, and looking to expand into a growing market.
Key Deal Facts
VanLab delivers high quality and affordable self-assembly campervan conversion kits, flat packed and shipped nationwide. We believe we are an industry first, crafting our products specifically to overcome market barriers to entry such as customer time, skill set, product cost, and accessibility.
The $55 Billion USA RV market (2020) is a strong and rapidly growing market space.* VanLab has a product road map to enter the SUV, truck, and minivan markets, which have a combined value of approximately $500 Billion USD (2021). We believe that evolving attitudes towards travel, remote work, and domestic exploration are driving growth in this space.
Our CEOs successfully piloted the VanLab business model in New Zealand, and are ready to adapt and scale to the US Market. When it comes to expertise, Ian boasts 15 years of experience in production and brand strategy while successfully owning a LA-based Creative Production studio. Ex. McLaren Automotive engineer, Andy has a PhD. in Aeronautical Engineering, and honed his trade with aircraft (BAE Systems, UK) and supercars in the fields of aerodynamics and thermodynamics.
Management Team / Advisory Board Bios
Andrew (Andy) JonesCEO Dr Andy Jones holds a PhD. in Aeronautical Engineering, completed in partnership with BAE Systems (UK) and focusing on fast jet aircraft avionic thermal control. After graduating, Andy took a role as an Aerothermal Engineer for McLaren Automotive (UK) specialising in powertrain cooling design, full-scale testing and methodology developments. Following McLaren Automotive, Andy re-located to Auckland (NZ) and founded a campervan conversion business in 2019 with a successful exit in 2022.
Ian FitzhenryCEO Ian Fitzhenry holds a BA Hons in Communication & Media and has a background working for over 15 years with Global brands across the fields of advertising, creative strategy and production. Ian is an entrepreneur at heart and currently runs successful LA production company Otherness, working with global brands such as Microsoft and Beam Suntory. He is a keen surfer and explorer with an eye for design.,