AEONrv, an innovator in the overlanding and recreational vehicle (RV) industry, has launched an equity crowdfunding campaign via Wefunder. The company is seeking to raise up to $3 million at a $33 million pre-money valuation to drive further growth and innovation.
The campaign follows a successful private round that secured $450,000 and now opens up investment opportunities to the public. AEONrv’s aim is to expand its manufacturing capacity, increase output, and invest in research and development (R&D) to continue enhance the RV market.
According to a press release, AEONrv plans to use the capital to double its manufacturing space, enabling a ramp-up in production. The company projects tripling its output next year.
Founder and CEO of AEONrv, Jim Ritchie, highlighted the significance of this campaign for the company’s future. “This crowdfunding campaign represents a pivotal moment for AEONrv and the future of sustainable, adventurous living,” he said.
Ritchie emphasized that AEONrv is not just about manufacturing RVs, but about crafting experiences and shaping outdoor exploration for the future. Inviting public investment, he added, allows for the creation of a community of stakeholders who share the company’s passion for innovation and outdoor adventures.
AEONrv has seen growth since its inception. The company reported revenue of $1.8 million in 2023, and it is forecasting a fivefold increase to over $9 million in 2024. Additionally, AEONrv delivered 29 units to customers and expects to deliver 45 or more units in the coming year.
AEONrv has received deposits for over 125 additional units, indicating a demand pipeline that is estimated to be worth over $28 million. The company has also garnered significant attention within the RV industry. With over 60 media mentions and more than 2 million video views, AEONrv’s profile continues to rise.
For investors, the Wefunder campaign offers several “perks based on investment levels.” These range from AEONrv-branded merchandise to priority order access and discounts on future purchases. The equity crowdfunding campaign also provides an opportunity for the general public to “become part-owners of AEONrv for as little as $100.”
Anthony Nogueras, the lead investor for the campaign, expressed his confidence in the company’s future. “I am investing for a second time because the founders not only developed an innovative, industry-disrupting RV, but they also have the essential knowledge to scale the manufacturing operations, which is key to future revenue growth. The bottom line is that I trust the ownership and management team’s vision, business acumen, and ability to execute the growth plan,” he explained.
Featured image by AEONrv via aeonrv.com.
