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WH Y
A third of all trips in the US are for less than ve miles
Federal Highway administration, 2008
Weng Motors is designing and selling Mobility HotSpots The rst EV solution dedicated to local We can go far with little
$100,000 f&f
$200,000 seed
$1.5M series A
$5M series B
today
Conceptual engineering
T HE TE AM
John Staneld
CEO Co-founder ME/design Software/ mechatronics
Trip Vest
Software
Arnaud Cavailhez
Michael Javault
Co-founder
Clment Gires
AD V I SO R S
Dave Lyons Mart Bailey
Founder Callaway Equity Partner 25+ years in China
Design
Toby Gillies
Eric OBrien
Managing Partner Light Speed Venture Partners
Jeffrey Schox
Founder Schox PLC, Patent Group
Weng Motors Inc. Proprietary
M A RK E T
Low-Speed Vehicles
10,000 units/Yr Not safe No smarts
The GEM, leader on the LSV market
200M miles/Yr
300M miles/Yr
Cars
Expensive Not dedicated to local
Car-sharing
1T miles/Yr
P RODU CT
WH Y A HOT SP OT ?
1
Share it with
B U S INE S S MODEL
Manufacturing and engineering partners
user
Payment per mile or per month Margin to be distributed
Weng Motors
Weng HotSpot
Initial purchase of the hotspot
Owner
Weng Motors Inc. Proprietary
G O- TO- MARK ET
3
Homes
and friends
Corporate 1 Campus
Employees
2B $ et rk a m
T H E P LA N D
Raised to date $100,000
% Sle note, $3 75 ib
rt onve c
E URM cap EC
A-round $1.5M B-round $5M
Today
Milestones to date
4 month
9 month
15 month
Go-tomarket
A-round
month 3 month 4 month 5
$1,500,000
B-round
month 6 month 7 month 8 month 9 month 10 month 11 Year 1 month 13 month 14 month 15
$5,000,000
To date
$100,000
month 1
$200,000
month 2
$200,000 $1,370,000
$200,000 $1,170,000
$200,000 $970,000
$120,000 $850,000
$110,000 $740,000
$110,000 $630,000
$100,000 $530,000
$90,000 $440,000
$90,000 $350,000
$90,000 $260,000
$90,000 $5,170,000
Administrative Salaries
John+Clement
Telematics development
Conceptual Engineering
2 software engineering+VP ME
Legal on deferral
Software front-end I
Legal Representation
12 vehicles in pilot programs, 700+ heavy users, 5,000+ people siting on the Weng, 100,000+ sightings