Matt Miller

It's now reached a $1 billion valuation in its latest funding round.

The company raised $200 million and announced a strategic partnership with the delivery firm DoorDash, which is investing.

Also is president and co-founder Chris Yu joins us now.

And Chris, you know, we were showing video of...

some dude ripping up the trails on an electric bike, which is I'm sure possible on your product, but I'm getting from the DoorDash connection that your business case is more about last mile delivery.

Is that the case?

It's quite broad, yeah.

So we were incubated within Rivian for a couple of years, and just a year ago, we spun out as also.

An entire thesis that RJ and I had in building also is around building the world's first vertically integrated and software-defined EV platform that's optimized for small form factors.

And that goes for consumer use cases, like the fun experience on our eBike TMB, which we launched in October, as well as importantly for commercial use cases, because we see that

If you look globally, the vast majority of trips that happen for the movement of people and goods happen in really dense suburban and urban areas where cost per mile and time for deliveries is really important.

First off, just on the bike, because it looks so cool, do you have a clutch in the hub?

How does that work and how much does it cost?

Yeah, our bike has a really fun and novel architecture behind it.

So we have our propulsion system that's in-house.

It's called DreamRide, and it's actually pedal-by-wire.

And so when you're pedaling into it, you're pedaling into a generator that gives a really incredible force feedback that simulates the feeling of a bike, but importantly, through software, allows for

really an infinite set of different experiences.

And so that architecture is really what underpins our vertically integrated small EV platform that is now going into these other form factors.

So what's the ballpark price for the end consumer?