Matt Miller

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.

And so one of the key things about our partnership with DoorDash that we're really, really excited about

is to deploy autonomous delivery at scale, utilizing these much, much more optimized, smaller form factors.

I see.