RINDEV

Trailblazing the Electric Outdoor Experience

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Security Type
CAFES
Categories
Technology, Retail, Entertainment, Travel, Community & Lifestyle
Min Investment
$100
Location
Englewood, CO
Expected Close Date
April 30, 2023
Target Raise
$100.00K-$1.07M
No. Investors
95
Security Price
$1
Website
rindev.com
Number of Employees
6
Cash
$9,339
Revenue
$0
Short Term Debt
$31,230
Cost of Goods
$0
Long Term Debt
$150,000
Net Income
$-471,578

Company Description

🌎 Expanding access to the outdoors
πŸ—ΊοΈ The longest range side by sides on the market
πŸ›‘οΈ The most luxurious and durable recreational vehicles
πŸ”§ We support the right to repair & customize without voiding your factory warranty
πŸ₯‡ Partnered with major industry leading brands
πŸ’ͺ Our team has 100 years of experience
πŸ”₯ The UTV market is growing 8% annually with the electric UTV market growing twice that speed
🌴 Successfully taking reservation deposits

Key Deal Facts

🌎 Expanding access to the outdoors
πŸ—ΊοΈ The longest range side by sides on the market
πŸ›‘οΈ The most luxurious and durable recreational vehicles
πŸ”§ We support the right to repair & customize without voiding your factory warranty
πŸ₯‡ Partnered with major industry leading brands
πŸ’ͺ Our team has 100 years of experience
πŸ”₯ The UTV market is growing 8% annually with the electric UTV market growing twice that speed
🌴 Successfully taking reservation deposits

Management Team / Advisory Board Bios

Ari Kronish FounderMotorsports enthusiast from birth, Serial Entrepreneur, studied Automotive Technology and Mechanical Engineering. Strong ability to find well known, professional, and highly knowledgeable partners., Steve Jennes Chief DesignerOver 30 years of experience as an Automotive Designer and CAD modeler with a successful track record of concept and production product and industrial design., Sean Heberling Chief Financial Officer ConsultantSean has over 20 years of experience in finance management. After a career in hedge funds, he worked with over a dozen early-stage companies and focuses specifically on fundraising, strategy, and financial projections., Whitney Johnson Chief Communications OfficerLifelong outdoor enthusiast and a graduate of Michigan Technological University with a degree in Scientific and Technical Communication., Matthew Krause Lead Mechanical EngineerMotorsport and outdoor enthusiast, and graduate of Michigan Technological University with a degree in Mechanical Engineering Technologies
Amount Raised : $213,807
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Security Description

A CAFES (Contract and Future Equity Stake) can convert into different types of equity upon a Triggering Event, such as: common or preferred stock for a corporation, limited partnership interest for a limited partnership and membership interest for a limited liability company. At the time of the Triggering Event, the specific rights and limitations associated with the equity stake being issued to the investors will be determined and disclosed by the Entrepreneur.

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