EVmo, Inc. bridges the gap between rideshare drivers in need of a suitable vehicle and rideshare companies that depend on attracting and keeping drivers. EVmo uniquely supports drivers in both the higher and lower economic categories with innovative policies and programs. EVmo is a leading provider of rental vehicles to drivers in the ever-expanding gig economy. EVmo maintains its own fleet of vehicles, which are rented to rideshare/delivery drivers, while providing insurance coverage and insurance cards in the drivers’ names to ensure drivers meet the stringent requirements of rideshare and logistics companies.
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This presentation contains forward-looking statements that are based on the beliefs and assumptions of the management team of EVmo, Inc. (“EVmo”), and on information
currently available to such management team. These forward-looking statements are subject to numerous risks and uncertainties, many of which are beyond EVmo’s and its
subsidiaries’ and affiliates’ control. All statements, other than statements of historical fact, contained in this presentation, including statements regarding future events, future
financial performance, business strategy and plans, and objectives of EVmo for future operations, are forward-looking statements. These statements are only predictions and
involve known and unknown risks, uncertainties and other factors, which may cause the actual results, levels of activity, performance or achievements of EVmo and EVmo’s
industry to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You
should not place undue reliance on any forward-looking statement. EVmo undertakes no obligation to update or revise publicly any of the forward-looking statements after the
date hereof to conform the statements to actual results or changed expectations.
Unless otherwise indicated, information contained in this presentation concerning EVmo’s industry and the markets in which it operates, including its general expectations and
market opportunity and market size, is based on information from various sources, including independent industry publications. In presenting this information, EVmo has also
made assumptions based on such data and other similar sources, and on EVmo’s knowledge of, and its experience to date. This information involves a number of assumptions
and limitations, and you are cautioned not to give undue weight to such estimates. The industry in which EVmo operates is subject to a high degree of uncertainty and risk due
to a variety of factors. These and other factors could cause results to differ materially from those expressed in the estimates made by the independent parties and by EVmo.
Each investor in this proposed offering must be an accredited investor as that term is defined in Regulation D promulgated under the Securities Act of 1933. You will be
required to certify as to your accredited investor status and, as we deem appropriate, to furnish information supporting the certification.
The securities offered are highly speculative and investment in the securities involves a high degree of risk. You must be prepared to bear the economic risk of the investment
for an indefinite period and be able to withstand a total loss of your investment. These securities have not been approved or disapproved by the Securities and Exchange
Commission or any state securities commission nor has the Securities and Exchange Commission or any state securities commission passed upon the accuracy or adequacy of
this memorandum. Any representation to the contrary is a criminal offense.
This offering is made in reliance on exemptions from registration under the Securities Act of 1933 and certain state securities laws; however, neither the Securities and
Exchange Commission nor any state securities commission has made an independent determination that the securities offered hereunder are exempt from registration. The
securities sold will be “restricted securities” for purposes of federal and state securities laws and you must purchase these securities for your own account and for investment.
It is the responsibility of any investor purchasing these securities to satisfy itself as to full observance of the laws of any relevant territory outside the United States in
connection with any such purchase, including obtaining any required governmental or other consents or observing any other applicable requirements. We are not making an
offer to sell these securities in any jurisdiction where the offer or sale is not permitted.
Disclosure
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EVmo was founded in 2016 and is headquartered in Los Angeles, CA.
EVmo bridges the gap between rideshare/delivery drivers in need of a
suitable vehicle and the rideshare companies they want to work with.
EVmo maintains its own fleet of vehicles, which are rented to
rideshare/delivery drivers, while providing insurance coverage and
insurance cards in the drivers’ names. EVmo helps drivers meet the
stringent requirements of rideshare companies.
EVmo is committed to be 100% EV by end of 2021
Locations Served
Current
Expansion
Headquarters
KEY
About Us
Distinct Cars, LLC (Division)
Owns a fleet of EVmo’s passenger and logistics vehicles
RideShare Rental, LLC (Division / Shared Rental Platform)
● Company fleet
● EV fleet
● Other fleet owners (managed cars)
● Joint venture fleets
Ridesharing
(Current)
Other Gig-Economy
(Future)
EV car sharing program (Division)
EVmo manages fleet of EV cars for partners through an advance platform and app that allows
consumer to reserve, open door, start engine and end trip all through app.
EVmo, Inc.
4. 4 | Confidential and Proprietary. EVmo, Inc. All Rights Reserved.
The Rideshare/Delivery EVolution
The rideshare and delivery industries are rapidly growing and following global trends by Going Green.
Environmental and sustainability objectives drive electric vehicle policy support at all government levels and
support aggressive transformation towards Green Energy.
Uber Green and Uber Zero Emissions bonuses are worth up to 4k annually to drivers alone.
The Problem
As electric vehicles (EVs) are set to replace carbon fueled vehicles, the availability
of electric vehicles in the Rideshare and Delivery industry needs to keep up with
the demand and changing customer sentiments.
The EVmo
Solution
EVmo electrification plans include an aggressive rollout of EV’s to compliment and
ultimately replace current fleet models. EVmo will offer an all electric-powered
fleet to the rideshare and delivery industry.
The
Opportunity
Rideshare and delivery driver trends towards EVs as the preferred vehicle choice
will accelerate in 2021 as the cost of EV’s fall, ranges increase, and the electric
charging network expands. EVmo is well positioned to fill this market need and
help pioneer the EV pervasion throughout the rideshare and delivery industries.
Domestic Rideshare Industry
Domestic Delivery Industry
$73.1
$87.1
$103.8
$123.8
$147.5
$175.8
$209.6
2 0 2 0 2 0 2 1 2 0 2 2 2 0 2 3 2 0 2 4 2 0 2 5 2 0 2 5
$26.5
$28.8
$31.2
$33.9
$36.8
$40.0
2 0 2 0 2 0 2 1 2 0 2 2 2 0 2 3 2 0 2 4 2 0 2 5
($ in Billions)
19.2% CAGR
8.6% CAGR
($ in Billions)
5. 5 | Confidential and Proprietary. EVmo, Inc. All Rights Reserved.
• With increasing demand for clean energy and sustainable products, consumers are drawn to electric
vehicles for their environmental benefits
• EVs are becoming increasingly comparable to their combustion counterparts (in terms of price, milage, and
number of options in the marketplace) – fueling the demand for the eco-friendly alternative
• Fuel economy and emission targets are constantly reviewed and implemented by governments, and shaping
OEM strategies and consumer preference
• City access restrictions, bans, or taxes for using older combustion engines
• Some governments are offering a financial incentives to make the electric switch
• Ford plans to invest $22 billion in vehicle electrification through 2025, an amount that's nearly double its prior
plans, the company said.
• GM is also becoming more aggressive with its EV plans, and aspires to stop selling internal combustion
cars, SUVs and pickups by 2035.
• Apple will work with Hyundai on an electric car
• Tesla growing and expanding it’s EV product line
Everyone’s going Green!
Electric Vehicles (EVs) are destined to become the mainstay by 2030, and
trends have paved the way for a full transition to EVs.
Customer
Sentiment
Policies and
Regulations
OEM
Strategic
Shifts
The significant
shift in
expected
volume of EVs
by 2030 is
based on three
factors:
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Executive Experience
EVmo’s New Management Team
Terren Peizer
Executive Chairman of the Board
• Highly successful entrepreneur and investor, having founded
and successfully commercialized many companies.
• Majority stockholder of Ontrak Inc., a leading AI and
telehealth-enabled, virtualized healthcare
• Board Chairman, CEO and majority shareholder of BioVie,
Inc., which is the industry leader in the development of two
orphan drug candidates for the treatment of rare liver
diseases.
• Mr. Peizer was Chairman of Cray Inc. having bought the
company from Silicon Graphics for assumption of debt which
was recently sold to Hewlett Packard for approximately $1.4
billion
Ryan Saathoff
Chief Financial Officer
• Managing Partner of RG Alliance Group since 2013.
• President, Chief Financial Officer and Chairman of Now Express
Cartage, Inc.,
• Chief Operating Officer and Consulting Chief Financial Officer to
TGG Accounting, a finance and operations consulting firm since
1999
• 1996 -1999, he was Controller of WorldTrans Services Inc., a
transportation business.
Stephen M. Sanchez
Chief Executive Officer
• Over 30 years of experience in the logistics industry, particularly in
the design, implementation and operation of last-mile delivery
services
• Since November 2019, Mr. Sanchez has served as the CEO of PDQ
Pickup, which he joined in August 2019 as Chief Operating Officer.
• 2018-2019, he was Senior Vice President of Operations and
Business Development for Boxbot, Inc., a robotics company focusing
on the development and sale of autonomous last-mile delivery
vehicles.
• 2015-2018, he was senior manager of Final Mile Process Engineering
for Amazon, Inc
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What is EVmo?
EVmo is a technology-enabled
platform and service, which connects
fleet owners and renters of electric
transportation vehicles
Technology
• Technology platform for
booking management,
payment, and support
• Driver & Fleet Owner
Mobile Applications
Services
• Technology enabled fleet
management
• Field management and logistics
of vehicles:
Platform
• A marketplace for drivers and fleet
owners
• Support rideshare activities for electric
transportation vehicles
• EV Cars
• EV Vans
• EV Bikes
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Seamless, Scalable Platform
Book / List Your Car Choose your Car Integrated Payments
Fleet owners can list and manage their cars directly on
the site. They can also manage inventory, check
performance, and review auto data.
Drivers choose a car and book by the day,
week, or month.
The platform includes integrated payments for
streamlined transactions. Drivers may also easily
extend their rental via the site or app.
The platform makes it easy for drivers to book a car on their computer or mobile phone.
With just a few clicks, vehicle pickup is scheduled at a convenient location
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Optimized for Mobile
Sign In Search Rent
The Driver’s App The Fleet Owner’s App
Sign In List Vehicle Manage Income
10. EV Car Sharing Apps
Technology
enables engine
start, stop, lock
and unlock of the
vehicle
App based
functionality that
monitors charge
and range
Seamless lifecycle
of the car share
experience
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• Leading Car Share initiatives.
• Technology development
• Field logistics and technology
management
EVmo Car Share Fleet
Management
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Hyundai Elantra
% of Fleet 75%
Cost per Day $39
Cost per Week $199
Cost per Month $795
Hyundai Sonata
% of Fleet 5%
Cost per Day $49
Cost per Week $255
Cost per Month $995
Hyundai Ioniq Hybrid
% of Fleet 5%
Cost per Day $49
Cost per Week $255
Cost per Month $995
Note: Base rental rates do not include (a) insurance of $15 per day and (b) transaction fee of 10%
% of Fleet 7.5%
Cost per Day $49
Cost per Week $255
Cost per Month $995
Hyundai Kona EV
Distinct Owned Fleet Vehicles
Tesla Model 3
% of Fleet 7.5%
Cost per Day $59
Cost per Week $339
Cost per Month $1,200
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Delivery Vans bring diversity to the
EVmo fleet,
reaching more diverse market
segments in Food Delivery and Last
Mile Delivery
Long term monthly contracts
Distinct Owned Delivery Van Fleet
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• All mechanical repairs are covered on
EVmo vehicles.
• Over 70% of drivers incur significant repair
expenses when using their own vehicles
(UCLA, 2018).
• No credit check is required from approved
rideshare drivers.
• Business use of vehicles, along with
prepayment, telematics, and kill switches lead
to favorable risk profiles.
• EVmo uniquely serves and leverages the large
segment of drivers with traditional credit
challenges.
• EVmo eliminates periodic maintenance due to
minimal EV vehicle repairs .
• Drivers bear no maintenance expenses.
• Drivers don’t suffer maintenance down time.
• EVmo offers premium insurance and claims
management.
• Car booking is seamless and easy .
• EVmo, drivers have access to favorable rates.
Car Driver Benefits
Insurance Maintenance
Frictionless Service
15. OEM/Strategic Partnerships
• EV OEM’s provides EV cars to EVmo at significantly discounted
terms and expedited delivery.
• A partnership with American Business Insurance Services (ABI)
provides rideshare-specific insurance along with exceptional
rates and telematics.
• Frequent response to geo-based Lyft requests to serve driver
demand has resulted in multiple new office locations for EVmo.
• Financing and fleet partnership with Acme Auto Leasing LLC (avg
lease payment of $370/month per vehicle).
• Fleet providers join our platform regularly to benefit from our
ability to increase utilization rates often of over 85%.
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EVBikes
Electric bikes can be used in super urban and urban environments for delivery of
groceries, hot food, and small to medium retail consignments
Delivery titans like DHL and others are currently using electric bikes across their network.
Benefits
• Zero emissions
• Low to no maintenance
• Reduce amount of delivery
vehicles on the road
• Reduce costs to drivers
With 85 miles of range, these
bikes are scoped to operate for
more than 8 hours per day on a
single charge.
The “cargo space” can
accommodate up to 40 cubic
feet of usable space for delivery
material.
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Competitive Advantage
• Established in the rideshare industry - tens of thousand of passenger rides under our belt.
• Best positioned to leverage experience to deliver the strongest EV offering in a rideshare environment.
• Leveraging valuable lessons learned – focus on driver at every level of planning, built based on user experience and latest technology
• Deep roots in rideshare driver behaviors - valuable data and experience in rideshare and delivery market helps optimize driver user
experience
Experience
• Headquartered in California, one of the most progressive EV state in the country - EV user acceptance is high
• Firmly positioned in Los Angeles and San Francisco markets (2 ofTop 10 EV cities in the US)
• Has plans to grow in all top 10 EV cities in the US.
• Rolling out aggressive strategy to be a mixed fuel fleet - with 100% EV in 2021
• More established in the rideshare market, on track to grow presence in delivery industry, providing vans and bikes.
Market Position
• Diverse fleet - comprised of leading vehicles, delivery vans and cargo bikes.
• Robust fleet electrification plan - driven by the most reliable energy solutions and technology-based operational efficiencies.
• Partnerships with leading EV fleet and service providers, including ChargePoint and Tesla.
• EVmo will be the first fleets with a rotation of cars that are available to drivers to switch to if the car they are currently driving is low on
charge.
Fleet
• User-focused – focused on innovative solutions to optimize driver’s experience (“ Never lose charge” commitment, easy car switching)
• Cost-efficient - Will leverage federal, state and local incentives, in turn benefitting and passing savings on to the driver
• Targeting a growing and viable market - EVs cost less than half as much as a gas-powered vehicles to operate1. Growing availability
and demand for cleaner and more efficient vehicles is set to proliferate the delivery and rideshare industries.
• EVmo will deliver leading innovations to make EV cars in the rideshare, delivery and EV cargo space an easy and obvious vehicle solution.
Strategic
(1)According to a 2018 Transportation Research Initiative.
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Geographic Footprint
Note: Represents data as of February 2021
LA
Chicago
Dallas
New
Jersey
Baltimore
Las Vegas
San
Francisco &
Oakland
32k+ active drivers now in our CRM
driver network
600+ active cars on platform
Will have up to 4,900 cars by Dec 2021
8,700 cars expected by Dec 2022*
• Sacramento
• San Diego
• San Jose
• Irvine
• New York
• Phoenix
• Houston
• Austin
• Fort Worth
• Philadelphia
• Jacksonville
In the next 24 months, EVmo plans
to expand to add additional cars in
current markets, and expand to:
• Orlando
• Tampa
• Seattle
• Denver
• Portland
• Boston
• Detroit
• Memphis
• Atlanta
• Salt Lake
*Projections assume $15M of capital
by March 2021
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Growth Opportunities
Car Sharing
•EVmo EV Car Sharing partnerships are poised to experience
rapid growth expansion in multiple regions that have a well-
established footprint of charging stations.
•The City of LA’s car sharing fleet is expected to quadruple.
EVmo is a leader in Fleet management technology and logistics
for Car Sharing initiatives
•Public infrastructure for charging stations remains a high
priority for US cities, which will further Car Sharing usage.
Logistics
•EV fleet logistics will minimize the costs of scheduled
maintenance and create less down time because EV cars do
not require oil changes, spark plugs and other combustible
engines repairs.
•EV fleet logistics are efficient and simplified compared to gas
vehicles.
•Less downtime equals higher fleet utilization which will
contribute to higher profits.
Expand & Diversify Revenue Streams
•Expand and diversify our rental fleet with a wider array and
more vehicles to increase scale, the range of customer options,
and markets we serve.
•Expand geographic presence from regional to national
coverage and reconfiguring existing locations with local
resources tailored to local markets.
•Increasing the number of fleet vehicles through strategic
partnerships
Improve Operating Efficiency
•Major effort being made on building strong data-centric
operations, strong safety culture, fleet management efficiencies,
higher fleet availability, collections, and other key milestones.
•Continue to build professional and tech-enabled sale forces to
optimize sales territories, decrease driver acquisition cost, and
drive revenue growth.
•Continue to improve the effectiveness of our fleet team with
new management, focused training, strong customer
relationships, and ongoing technology enhancements.
20. Increased Profitability & Revenue
• Adding and enhancing fleet
management technology and
processes. Increasing EV car
availability and reduce expenses
for repairs, maintenance,
turnaround, and fit-out.
• Adding new billing and collection
technology, and servicers that
will reduce AR delays and
increase collection-to-loss ratios.
• Reducing driver acquisition cost
through creation and
management of driver content,
messaging, education, and other
resources.
• Empower drivers to benefit from
Zero Emission bonuses and less
out of pocket for gas contributing
to higher earnings.
• Connect drivers with new
revenue streams including food
delivery, package delivery,
advertising, and product sales.
EVmo receives bonuses, attracts
drivers, and increases retention.
• Partner with driver consulting,
education professionals, and
efficiency experts to increase the
EVmo driver success rate and
increase Retention and Lifetime
Value.
• EVmo’s expansion to EV cars and
cargo delivery vans reaches a
wider market.
• Fleet acquisitions continue to be a
powerful opportunity for EVmo to
increase fleet size and market
share at a lower expense.
• Drivers are typically making under
$20/hour, the large segment of gig
economy drivers are combining
rideshare with food delivery,
increasing our opportunity.
• More features for drivers and fleet
owners increase efficiencies and
customer satisfaction.
• API integration resources allow
for connectivity with fleet owners,
driver programs, CRM
applications, and AR/AP solutions.
Increase Driver
Revenue
Increase Operating
Efficiencies
More Cars Technology
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Dynamic Growth and Cash-flow Positive
Cars on the Platform
50
200
375
600
FYE 17 FYE 18 FYE 19 FYE 20
• EVmo has successfully grown the revenues of both managed cars and its own vehicles via the RideShare Rental
platform.
• EVmo anticipates leveraging the relationships with OEM’s and fleet operators to substantially accelerate platform
growth.
$236
$3,289
$7,327
$7,994
$0
$1,000
$2,000
$3,000
$4,000
$5,000
$6,000
$7,000
$8,000
$9,000
FYE 17 FYE 18 FYE 19 FYE 20
Historical Revenue by Year
Total
Revenue
(000's)
$1,829
$1,623
$2,225
$2,317
$0
$500
$1,000
$1,500
$2,000
$2,500
Q1 '20 Q2 '20 Q3 '20 Q4 '20
Historical Revenue by Quarter
Total
Revenue
(000's)
EVmo sees high demand from
driver and has the infrastructure
to quickly scale cars on the
platform.
The only limiting factor is
availability of capital.
Covid-19 caused a dip in the second quarter, the company recovered 3rd and 4th with
highest revenue in the company history
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Investment Highlights
Early Mover
Advantage
Large & Growing
Market
Financial Execution
Experienced
Management
• In 2016, the Company identified a
supply shortage in ridesharing
vehicles.
• By 2019 EVmo became an early
mover in EV Fleet management
solutions and logistics and has
leveraged technology and EV
engineering advancements.
• EVmo is poised for a quantum leap
towards an electrification of the EV
rideshare and delivery fleet market.
• $150 billion domestic ridesharing,
delivery, and logistics industry expected
by 2023.
• An increased demand for Electric
vehicles (EV) rideshare, delivery, and
logistics - coupled with the need for
quality vehicles that meet stringent
requirements - have created a massive
opportunity within the ancillary driver
services segment.
• Changing consumer preferences
towards Mobility-as-a-Service (MaaS).
• In the last twelve months the Company
achieved $7.6 million in revenue.
• Strong projected unit economics
bolstering revenue growth & scalability:
• $2,000 target monthly revenue / car
• Target cash contributions / car of 45%
for own fleet
• Target cash contributions / car of 25%
for managed fleet
• 4.8x lease cost coverage (for own
cars)
• The strong management team
possesses over 95+ years of
combined experience in
transportation, logistics and
finance.
• The independent directors are
equipped with vast experience
and industry relationships.
23. 23 | Confidential and Proprietary. EVmo, Inc. All Rights Reserved.
Terren Peizer
Executive Chairman
Terren@evmo.com
Thank you!
Stephen M. Sanchez
CEO
Steve@evmo.com
24. 24 | Confidential and Proprietary. EVmo, Inc. All Rights Reserved.
Appendix
25. (1): Including lease payable of $3.7 million associated with vehicle financing
Current
Ownership &
Capitalization
Capitalization ($MM) 1/31/2021
Basic Shares Outstanding 32.
Options & Warrants 2.2
Fully Diluted Shares Outstanding (TSM) 34.2
Cash & Cash Equivalents and Assets $6.6
Total Debt (1) $5.
60%
40%
Management
Alignment w/
Shareholders
EVmo
Insiders
Other
Shareholders
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Target Model (at 95% utilization rate)
Own Standard Vehicles
Per Car / Month
Base Rev / Car (1)
$1,200
Insurance Premiums ($17 /
Day)
$510
Transaction Fee (10%) $120
TOTAL REV / CAR $1,830
Lease Payment (cap lease) ($370)
Driver Paid Insurance ($12 /
Day)
($360)
Insurance (fleet policy) ($40)
Misc & Maint Expense ($210)
CASH EXPENSES ($980)
Cash Contribution / Car
(after financing lease
obligation)
$850
Cash Contribution %
(after financing lease
obligation)
46%
Base Rev / Car (1) $1,200
Insurance Premiums ($17
/ Day)
$510
Transaction Fee (10%) $120
TOTAL REV / CAR $1,830
Rev Share w/ Fleet Owner ($960)
Driver Paid Insurance ($12
/ Day)
($360)
CASH EXPENSES ($1,320)
Cash Contribution / Car $510
Cash Contribution % 28%
Managed Vehicles
Per Car / Month
(1): Assuming $40 per day rental @ 30 day month
(2): Policies directly related to vehicle coverage; excluding EVmo parent D&O policy
Note: Cash contribution / car, a non-GAAP metric, is defined as revenue less direct cash operating & financing expenses before general & administrative expenses
Owned EV
Per Car / Month
EV Bikes
Per Bike / Month
Base Rev / Car (1) $1,200
Insurance Premiums ($17 /
Day)
$510
Transaction Fee (10%) $120
TOTAL REV / CAR $1,830
Rev Share w/ Fleet Owner ($960)
Driver Paid Insurance ($12
/ Day)
($360)
CASH EXPENSES ($1,320)
Cash Contribution / Car $510
Cash Contribution % 28%
Joint Venture
Contribution
$200
Total Contribution $710
Base Rev / Car (1)
$1,700
Insurance Premiums ($17 /
Day)
$510
Transaction Fee (10%) $170
TOTAL REV / CAR $2,380
Lease Payment (cap lease) ($530)
Driver Paid Insurance ($12 /
Day)
($360)
Insurance (fleet policy) ($40)
Misc & Maint Expense ($210)
CASH EXPENSES ($1,140)
Cash Contribution / Car
(after financing lease
obligation)
$1,240
Cash Contribution %
(after financing lease
obligation)
52%
Unit Economics
Joint Venture Vehicles
Per Car / Month
Base Rev / EV bike $360
Insurance Premiums ($5 /
Day)
$150
Transaction Fee (10%) $36
TOTAL REV / BIKE $546
Lease Payments ($69)
Driver Paid Insurance ($2 /
Day)
($60)
CASH EXPENSES ($129)
Cash Contribution / Bike $417
Cash Contribution % 76%
27. Vehicle Equity
$13,000
$6,500
$25,000
$1000
$25,000
$15,000
$10,000 $8,000
1.5 YEARS.
UNDER 70K
MILES
2 YEARS, 100K
MILES
2.5 YEARS, 150K
MILES
3 YEARS, 180K
MILES
$13,000
$10,000
$8,000
$5,000
1.5 YEARS.
UNDER 70K
MILES
2 YEARS, 100K
MILES
2.5 YEARS, 150K
MILES
3 YEARS, 180K
MILES
Hyundai Elantra / Kia Forte
Electric Vehicles (EV)
EV Residual value of a rideshare
rental-owned vehicle after 3 years
Purchase Price $34,000
Retail Price $37,000
Fed Credit Back $7,500
Finance Amount $30,600
Interest Rate $7%
Residual value at
end of 3-year period
$17,000
Purchase Price $17,800
Retail Price $20,900
Finance Amount $16,000
Interest Rate $7%
Residual value at
end of 3-year period
$5,000
28. The Rideshare/Delivery Driver
• Delivery drivers gain access to outfit
Cargo vans during high peak delivery
seasons.
• RideShare Drivers have higher
earning potential with less out of
pocket expenses.
* - EVmo industry discussions
** - Source: UCLA Rideshare Study 2018
EVmo delivers a high-value,
high-profit solution to
rideshare and delivery
companies and drivers alike.
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29. 29 | Confidential and Proprietary. EVmo, Inc. All Rights Reserved.
The EVmo Rideshare and Delivery Drivers
EVmo drivers progress with the EV offering and
gain credibility and ratings, and the ability o earn
more and drive the car longer.
EVmo drivers have no time commitment,
yet their retention validates the
company’s program value.
EVmo Driver Rental Term Breakdown
< 1 month 1-3 months 3-6 months 6+ months