RVeloCITY, an online platform for peer-to-peer RV rentals, filed on Friday with the SEC to raise up to $10 million in an initial public offering.
Doing business as RVnGO, the company provides an online peer-to-peer marketplace for recreational vehicle (RV) rentals. The company currently generates revenues from its 'protection plan,' processing fees paid by guests, and optional 24/7 roadside assistance services. In 2021, RVnGO facilitated over 1,200 rental transactions (+167% y/y) for more than 6,500 Nights Booked (+117% y/y).
The Phoenix, AZ-based company was founded in 2015 and plans to list on the Nasdaq under the symbol RVGO. RVeloCITY (RVnGO) filed confidentially on May 12, 2022. Boustead Securities is the sole bookrunner on the deal. No pricing terms were disclosed.
