# Modal Motors Inc.: Form D capital raise (Farmington Hills, MI)

**Vendor Spend Propensity Score (CPA / Tax / Audit):** 70/100
**Estimated post-raise budget for this service type:** $20,000 (heuristic)

| Field | Value |
|---|---|
| Industry | Other Technology (Technology & SaaS) |
| Operating company | Yes |
| Exemption | 506(b) |
| Amount sold | $1,000,000 |
| Total offering | $3,000,000 |
| Investors so far | 1 |
| First sale | 2026-10-19 |
| Filed | 2026-10-27 |
| Entity | Corporation, incorporated 2024 |

## Executives and related persons (as listed in the filing)
- Mark Hanchett: Executive Officer
- Kent Helfrich: Director
- Michael Van Steenburg: Executive Officer, Director
- Fatih Arslan: Executive Officer
- Lynn Bishop: Director

## Why this score
- Operating company: new capital typically funds hiring, facilities and vendors.
- Raised $1,000,000 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.

Source: SEC EDGAR Form D filings (U.S. Securities and Exchange Commission) (https://www.sec.gov/Archives/edgar/data/2095109/000209510926000003/). Last refreshed: 2026-11-04T09:16:10.755Z.
Informational only. SEC EDGAR Form D data is shown for business-development research; it is not investment advice and not an offer or solicitation to buy or sell any security. Not legal or financial advice.