I am thinking about getting a Pedulla bass. But don't know a whole lot about the Pedulla basses other than they are a mid to high end bass.
At today's prices they are all strictly high end. The Raptures were introduced as a budget model at about $800 street...not so with today's base price of $4300
There was a period through most of the 90s when the company was expanding and more people were buidling the instruments. Mike Pedulla scaled back some years ago to making all the basses himself which is what has really driven prices up.
I own a 90s era Buzz (4 string fretless) and had a rare Interceptor (like the MVP but with a mahogany body) for a while. After starting with DiMarzio pickups and Badass bridges in the 70s, by the mid 80s Mike moved to Bartolini electronics and after a period of Schaller bridges now has custom bridge designs. The basses fall into two categories, neck through (Buzz, Thunderbass) and bolt on (Rapture, Thunderbolt and Nuance). All of his designs descend from the Fender Jazz concept. I spoke to Mike once about how his designs evolved and he told me that his customers kept asking for it to be more like their J...neck dimensions, simplified control layout and so forth.
The Buzz fretless bass is what really put Pedulla on the map. It came out at the height of popularity of Jaco Pastorious. The fingerboard is sealed with a hard coating to give an extreme growl. I don't know of any other mfr who has done this except the Fender Jaco signature models.
The good news about Pedulla is used prices get quite low, you can find older models without highly figured tops in the $800-1200 range which is like a savings of 75% compared to a brand new one.
BTW Pedulla made guitars in the early years but stopped in the mid 1980s. Some very early basses and guitars were made in the 1970s under the name Pedulla-Orsini. I'm not sure who Orsini was but their partnership was over by 1980.