Vela Motor Co LLC

Regulation Crowdfunding campaign information and financial data from SEC filings


Profile

According to their SEC filings, Vela Motor Co LLC is a Limited Liability Company organized in UT on 11-14-2016. They report having 2 employees, and revenue in their most recent fiscal year of $0 and $0 the prior year.

Website:
http://www.velamotorcompany.com
Location:
1447 Easthills Cir
Bountiful, UT 84010

Equity Crowdfunding Campaigns

Vela Motor Co LLC does not currently have any active Reg CF crowdfunding campaigns.

Previous Crowdfunding Offering
Friday, February 9, 2018

Vela Motor Co LLC previously ran a Reg CF crowdfunding campaign to raise a target of $100,000 via Wefunder before a deadline of 08-10-2018. No progress report has been filed yet regarding the final results of this offering.

Intermediary compensation

According to the SEC filings, Wefunder was compensated as follows for this offering:

"4.0% of the offering amount upon a successful fundraise, and be entitled to reimbursement for out-of-pocket third party expenses it pays or incurs on behalf of the Issuer in connection with the offering."

In addition to any direct compensation, Vela Motor Co LLC reports that Wefunder also received the following financial interest in the offering:

"No"

Financial Information

The following information is taken from SEC filings.

Income Statement Items

Most-Recent Fiscal Year Prior Fiscal Year % Change
Revenue $0 $0 N/A
Cost of Goods Sold $0 $0 N/A
Taxes Paid $0 $0 N/A
Net Income -$15,343 -$16,205 N/A

Balance Sheet Items

Most-Recent Fiscal Year Prior Fiscal Year % Change
Total Assets $87 $14,475 -99.4%
Cash & Cash Equivalents $87 $14,475 -99.4%
Accounts Receivable $0 $0 N/A
Short-Term Debt $0 $0 N/A
Long-Term Debt $0 $0 N/A

Complete Reg CF filing activity feed

  • New Offering Form C

    [ Feb-9 ] Vela Motor Co LLC filed SEC Form C to raise a target amount of $100,000 (up to a maximum of $1,070,000) of Simple Agreement for Future Equity (SAFE) via Wefunder before a deadline of 08-10-2018.