Modal Motors Inc. raised $1,705,000 (Farmington Hills, MI)
LIVE PUBLIC DATA Source: SEC EDGAR Form D filings (U.S. Securities and Exchange Commission) · Last refreshed: Wed, 04 Nov 2026 01:28:40 GMT
Modal Motors Inc. plus every comparable record, with all columns and source links, as one CSV.
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70 / 100 vendor spend propensity
Estimated post-raise budget for CPA / Tax / Audit services: $34,100 (heuristic)
- Operating company: new capital typically funds hiring, facilities and vendors.
- Raised $1,705,000 so far.
- Technology & SaaS companies are a strong fit for CPA / Tax / Audit services.
- New filing (not an amendment): the raise is fresh.
- Incorporated in the last five years: likely still building out finance and insurance.
| Field | Value |
|---|---|
| Industry | Other Technology (Technology & SaaS) |
| Operating company | Yes |
| Exemption | 506(b) |
| Amount sold | $1,705,000 |
| Total offering | $5,000,000 |
| Investors so far | 8 |
| First sale | 2026-04-17 |
| Filed | 2026-10-26 |
| Entity | Corporation, incorporated 2024 |
Executives and related persons (from the filing)
- Mark Hanchett: Executive Officer
- Kent Helfrich: Director
- Michael Van Steenburg: Executive Officer, Director
- Fatih Arslan: Executive Officer
- Lynn Bishop: Director
Modal Motors Inc. vs. top 3 peers
| Organization | Location | Capital raised | Record date |
|---|---|---|---|
| Modal Motors Inc. | Farmington Hills | $1,705,000 | 2026-10-26 |
| Idaptiq Trials Inc. | Presque Isle | $2,790,000 | 2026-11-02 |
| RESOLV TECHNOLOGY, INC. | Manchester | $7,171,985 | 2026-10-30 |
| Step Into AI Inc. | Chicago | $8,165,998 | 2026-11-03 |
Related records
Newly funded companies in Michigan (SEC Form D) Newly funded Technology & SaaS companies (SEC Form D)
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