Matt Miller

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?

Yeah, so TMB starts at $3,500 and you can outfit it from there.

So it's a really, really highly capable product at that price point.

And I guess, I'm guessing DoorDash will use these as part of your partnership or you'll supply them.

Is this a pilot program or is it a more meaningful path to deploy at scale?

Yeah, if I back up for a second, we constructed also really, we think of our first phase of our business to address this massive wave of electrification of the existing small form factors.

So if you look at how trips happen today globally, the vast majority happen in things that are smaller than a car, and very few of those things are electric today.

And so phase one of also is building a purpose-built EV platform to accelerate the electrification of these modes.

Now, as the world becomes increasingly autonomous, we believe the factors that drive towards small form factors, meaning congestion and cost per mile, still exist.