weng short 200
TRANSCRIPT
-
8/4/2019 WENG Short 200
1/10
WENG MOTORS INC. e l e c t r i c v e h i c l e w o r k s
-
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
3/10
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
-
8/4/2019 WENG Short 200
4/10
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
-
8/4/2019 WENG Short 200
5/10
Weng Mobility HotSpot
Social boplatfo
First EVdedicated
to local
PRODUCT
FleetManagement
Platform LupB45FoSM
-
8/4/2019 WENG Short 200
6/10
WHY A HOTSPOT ?
And startmakingmoney
4
3Share it
with family and
employees students on
Purchase your
HotSpot1
It providesinstant localmobility
2
-
8/4/2019 WENG Short 200
7/10
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
-
8/4/2019 WENG Short 200
8/10
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
-
8/4/2019 WENG Short 200
9/10
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
-
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