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W E NG MOTORS INC.

electric vehicle works

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

-> And no four-wheel vehicle specically designed for this market

$1.5M series A

$5M series B

today

Conceptual engineering

1 prototype Software platform 10 pre-sales

Go-to market Weng


Weng Motors Inc. Proprietary

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

Former Director of Engineering Tesla Motors

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

5-miles mobility market 1T miles


/Yr in the US

300M miles/Yr

Cars
Expensive Not dedicated to local

0.5M users, 50% cagr

Car-sharing

1T miles/Yr

Weng Motors Inc. Proprietary

P RODU CT

Social booking platform

Fleet Management Platform

Weng Mobility HotSpot


Legal on streets up to 35mph Battery range 45 miles Four-passenger Safe Modular Weng Motors Inc.
Proprietary

First EV dedicated to local

WH Y A HOT SP OT ?
1

Purchase your HotSpot

Share it with

employees at work students on campuses family and friends at home

It provides instant local mobility

And start making money


Weng Motors Inc. Proprietary

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

Weng 18c Just gas 24c


Car total 99c

cost to produce one mile of mobility

Local repair partners

Owner
Weng Motors Inc. Proprietary

G O- TO- MARK ET
3

Homes

and friends

lds eho n ous tha M h ore 21 n m ars Family ow wo c t

University 1.5B $ et campuses mark


students

Corporate 1 Campus
Employees

2B $ et rk a m

Weng Motors Inc. Proprietary

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

Raising now $200,000

Today
Milestones to date

4 month

9 month

15 month

Conceptual engineering done


Engineering and manufacturing partners assembled Conceptual mock-up done 2 provisional patents

One working prototype


Software functional 5 provisional patents Pilot pre-sales

700 heavy users


12 prototypes built 500 pre-sales Supply chain ready for production

Go-tomarket

Weng Motors Inc. Proprietary

Today : Raising seed 1 Time


Fundraising Revenue Monthly Burn Cash in Bank $10,000 $10000 $35,000 $175,000 $35,000 $140,000 $35,000 $105,000 $35,000 $70,000

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

Rent, Plane Tickets, Buffer ($5,000/month) one cell= $10,000

Administrative Salaries

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

John+Clement 2 software engineering+VP ME

John+Clement

Telematics development
Conceptual Engineering

2 software engineering+VP ME

First car $50,000

VP Operations, 1 software engineer, 2 Technician, 2 Salesmen

Detailed Engineering Il $350,000 2 3 4 5 6 7 8 9 10 11 12

Other Pilot Expenses (Tow-truck, etc)

Show-tour : 2 vehicles Corporate Pilot Program : 4 vehicles

Legal on deferral

Provisional Patents ($30,000)

Software front-end I
Legal Representation

Campus pilot program : 6 vehicles

Conceptual engineering done

First working prototype

First prototype delivered

12 vehicles in pilot programs, 700+ heavy users, 5,000+ people siting on the Weng, 100,000+ sightings