40
Modal Motors raises $1.71M of $5M offering under Reg D 506(b)
Company raise · Raising · Offering $5M · Sold $1.7M · FARMINGTON HILLS, MI · filed 2026-10-26
30
Modal Motors Inc. files Form D
Company raise update · Closed · FARMINGTON HILLS, MI · Form D/A filed 2026-01-14
Capital closing now
How this compares
- Among 106 fund launches filed from MI in the same window it is larger than 36%; the MI median is $4.6M.
- No earlier fund launch by this sponsor appears on EDGAR.
Computed from every Form D fund launch on EDGAR since late 2024, not sampled. Amounts are the stated offering size; indefinite offerings are excluded.
Raise progress
Sold rose from $764K to $2.1M (+$1.3M, +4 investors) in 62 days since the previous filing.
| Filed | Form | Sold | Investors | Change |
|---|---|---|---|---|
| 2025-11-13 | D | $764K | 9 | |
| 2026-01-14 | D/A | $2.1M | 13 | +$1.3M |
| 2026-10-26 | D | $1.7M | 8 | −$397K |
Amount sold and investor count as restated on each of the issuer's Form D filings. A rise since the previous filing is capital closed in between.
Modal Motors on EDGAR
Earlier and related filings by the same issuer and sponsor.
45
Modal Motors Inc. raises $764K under Reg D
Company raise · Raising · Offering $2.1M · Sold $764K · FARMINGTON HILLS, MI · filed 2025-11-13
People on the filing
| Kent Helfrich | Executive Officer |
| Ebru Van Steenburg | Executive Officer |
| Michael Van Steenburg | Executive Officer, Director |
| Paul D'Amato | Director |
| James Burton | Executive Officer |
| Fatih Arslan | Executive Officer |
[email protected] · observed Work emails for the people on the filing, where the firm publishes or patterns them, labelled by confidence — subscribers
Signed by Michael Van Steenburg, CEO.
Why now — by persona
Relevant to: B2B software & services sales, Executive & technical recruiting, Commercial banking / treasury.
Filing contact
The issuer's phone number and address from the filing are shown to subscribers. See plans.