8/4/2019 WENG Short 200
2/10
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
8/4/2019 WENG Short 200
10/10
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
