Data / Crowdfunding / Utah / Vela Motor Company LLC
Vela Motor Company LLC: crowdfunding raise on Wefunder Portal LLC, $100,000 to $1,070,000 (2018)
Vela Motor Company LLC, a limited liability company in Bountiful, UT, filed a Form C with the SEC on February 12, 2018 to raise $100,000 to $1,070,000 in Simple Agreement for Future Equity (SAFE) through Wefunder Portal LLC. The offering closed on August 10, 2018. In its most recent fiscal year it reported $0 in revenue and $0 in net income, with 2 employees.
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- Website
- www.velamotorcompany.com
- Funding portal
- Wefunder Portal LLC
- Address
- 1447 Easthills Cir, Bountiful, UT 84010
- Legal form
- Limited Liability Company
- Jurisdiction
- UT
- Incorporated
- November 14, 2016
- SEC CIK
- 0001722205
Offering terms
From the offering filed February 12, 2018.
- Security
- Simple Agreement for Future Equity (SAFE)
- Price
- $1.00
- Target
- $100,000
- Maximum
- $1,070,000
- Deadline
- August 10, 2018
- Portal compensation
- 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.
Financials
From the Form C-AR filed April 29, 2020.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $0 | $0 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $0 | $0 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $0 | $0 | sec.gov |
| Cash | $0 | $0 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $0 | $0 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 29, 2020 | Annual report | Not listed | Not listed | sec.gov | ||
| February 12, 2018 | Offering | $100,000 | $1,070,000 | August 10, 2018 | sec.gov |
Updated April 29, 2020. Read from SEC EDGAR. Public domain (U.S. government work). Financials are as each company reported them in its Form C, unaudited unless the filing says otherwise. Websites are the ones the companies declared to the SEC. Free to reuse with credit to SpecStream under CC BY 4.0. Spot a wrong value? Write to [email protected] with the link to this page.