WENG Short 200

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  • 8/4/2019 WENG Short 200

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    WENG MOTORS INC. e l e c t r i c v e h i c l e w o r k s

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    1 prototypeSoftware platform

    10 pre-sales

    Conceptualengineering

    $100,000 f&f

    Go-to maWen

    $200,000seed $1.5M series A

    WHY The rst EV solution deto local

    We can go far with little-> And no four-wheelvehicle specicallydesigned for this market

    today

    Weng Motors is designing selling Mobility HotSpots

    A third of all trips inthe US are for lessthan ve miles

    Federal Highway administration, 2008

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    THE TEAMJohn Staneld

    Clment Gires

    Toby Gillies

    Dave LyonsFormer Director of Engineering

    Tesla Motors

    MCal

    Eric OBrienManaging Partner

    Light Speed Venture Partners

    ADVISOR

    JefFound

    TripVest

    M E / d e s

    i g n

    C E O

    C o - f o u n

    d e r

    C o - f o u n

    d e r

    D e s i g n

    ArnaudCavailhez

    S o

    f t w a r e

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    MARKET

    5-miles mobilitymarket

    1T miles /Yr in the US

    CarsExpensive

    Not dedicatedto local

    Low-Speed Vehi10,000

    N

    0.5M users, 50

    Car-sha1 T mi l e

    s / Y

    r

    The GEM, leadeon the LSV marke

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    Weng Mobility HotSpot

    Social boplatfo

    First EVdedicated

    to local

    PRODUCT

    FleetManagement

    Platform LupB45FoSM

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    WHY A HOTSPOT ?

    And startmakingmoney

    4

    3Share it

    with family and

    employees students on

    Purchase your

    HotSpot1

    It providesinstant localmobility

    2

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    BUSINESS MODEL

    Owner

    Weng Motors

    Manufacturing and engineering

    partners

    Initialpurchase of the hotspot

    user

    Local repair partners

    Paymentper mile orper month

    cost to mile

    Weng 18c

    Just gas 24c

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    GO-TO-MARKET

    Universitycampuses

    students

    $ 1 . 5 B

    m a r k e t

    CorporateCampus

    Employees

    $ 2 B

    m a r

    HomesFamily

    and friends

    2 1 M h o u

    s e h o l d s

    o w n m

    o r e t h a n

    t w o c a r s

    12

    3

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    Milestones to date

    Conceptual

    engineering doneEngineering and manufacturing

    partners assembledConceptual mock-up done

    2 provisional patents

    Raising now$200,000

    One working

    prototypeSoftware functional5 provisional patents

    Pilot pre-sales

    Raised to date$100,000

    THE PLAN

    Today 4 month 9 month

    700 heavy users12 prototypes built500 pre-sales

    Supply chain ready for production

    A-round$1.5M

    Today : Raising seed 1 A-round

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    2 software engineering+VP ME

    ConceptualEngineering

    First car$50,000

    Rent, Plane Tickets, Buffer ($10,000/month)

    Time To date month 1 month 2 month 3 month 4 month 5 month 6 month 7 month 8 month 9 month 10 month 11 Year 1

    Fundraising $100,000 $200,000 $1,500,000

    Revenue

    Monthly Burn $10,000 $35,000 $35,000 $35,000 $35,000 $200,000 $200,000 $200,000 $120,000 $110,000 $110,000 $100,000 $90,000 $90,000

    Cash in Bank $10000 $175,000 $140,000 $105,000 $70,000 $1,370,000 $1,170,000 $970,000 $850,000 $740,000 $630,000 $530,000 $440,000 $350,000

    one cell=

    $10,000

    O

    Today : Raising seed 1

    John+Clement

    2 software engineering+VP ME

    Administrative

    A-round

    Provisional Patents ($30,000)Legal Representation

    Legal on deferral

    First working prototype12 vehicles in pilot p

    5,000+ people siting onFirst prototype deliveredConceptual engineering done

    2 3 4 5 6 7 8 9

    Corporate Pilot Program : 4 ve

    VP Operations, 1 software engineer, 2 Technic

    Campus pilot prog

    Telematics development

    John+Clement

    Detailed Engineering Il$350,000

    10 11 12

    Software front-end I

    Rent, Plane Tickets, Buffer ($5,000/month)

    Salaries