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
40
Modal Motors raises $3M under Reg D 506(b) in Michigan
Company raise · Raising · FARMINGTON HILLS, MI · Form D filed 2026-10-27 · Follow Modal Motors Inc. →
Modal Motors Inc., a Delaware corporation incorporated in 2024, is raising $3M under Regulation D 506(b) exemption. The company has sold $1M to one investor so far with a $1M minimum investment per investor.
operating_company
How this compares
- Among 106 fund launches filed from MI in the same window it is larger than 41%; 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
| 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 |
| 2026-10-27 | D | $1M | 1 | −$705K |
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.
30
Modal Motors Inc. files Form D
Company raise update · Closed · Offering $2.1M · Sold $2.1M · FARMINGTON HILLS, MI · filed 2026-01-14
Sold rose to $NaN (+$1.3M, +4 investors) in 62 days since the previous filing.
Capital closing now
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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
| Mark Hanchett | Executive Officer |
| Kent Helfrich | Director |
| Michael Van Steenburg | Executive Officer, Director |
| Fatih Arslan | Executive Officer |
| Lynn Bishop | Director |
[email protected] · observed Work emails for the people on the filing, where the firm publishes or patterns them, labelled by confidence — subscribers
Signed by Mark Hanchett, Chief Executive Officer.
Why now — by persona
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Filing contact
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