Wayne Ting

So we made it so that an operator can always swap a battery regardless of any, they don't have to make any incremental changes to the seat. And we started to share parts between our Gen 4 scooters and our Gen 4 e-bikes. One major breakthrough is that we moved from fixed batteries to swappable batteries.

So we made it so that an operator can always swap a battery regardless of any, they don't have to make any incremental changes to the seat. And we started to share parts between our Gen 4 scooters and our Gen 4 e-bikes. One major breakthrough is that we moved from fixed batteries to swappable batteries.

So we made it so that an operator can always swap a battery regardless of any, they don't have to make any incremental changes to the seat. And we started to share parts between our Gen 4 scooters and our Gen 4 e-bikes. One major breakthrough is that we moved from fixed batteries to swappable batteries.

So before, at the end of each day, we need to pick up every scooter and bike in a city, drive it back to the warehouse, charge it overnight, and the next day drive back thousands of bikes and scooters to the city, deploy them again.

So before, at the end of each day, we need to pick up every scooter and bike in a city, drive it back to the warehouse, charge it overnight, and the next day drive back thousands of bikes and scooters to the city, deploy them again.

So before, at the end of each day, we need to pick up every scooter and bike in a city, drive it back to the warehouse, charge it overnight, and the next day drive back thousands of bikes and scooters to the city, deploy them again.

But now with swappable batteries, you can come in with a cargo bike and you can have hundreds of battery packs just in that cargo bike, and you can swap all the bikes and scooters in a region. And because they share the same battery packs, it now increases the density of the work, which then improves productivity and then drives down the cost per swap.

But now with swappable batteries, you can come in with a cargo bike and you can have hundreds of battery packs just in that cargo bike, and you can swap all the bikes and scooters in a region. And because they share the same battery packs, it now increases the density of the work, which then improves productivity and then drives down the cost per swap.

But now with swappable batteries, you can come in with a cargo bike and you can have hundreds of battery packs just in that cargo bike, and you can swap all the bikes and scooters in a region. And because they share the same battery packs, it now increases the density of the work, which then improves productivity and then drives down the cost per swap.

Swapping costs were cut by half. It remains our biggest cost. And so we're constantly thinking about how do we continue to improve swapping costs? Imagine Harry, you're working for a line and we're We're asking you to pick up the scooters, drive it home, charge it, drive it back the next day.

Swapping costs were cut by half. It remains our biggest cost. And so we're constantly thinking about how do we continue to improve swapping costs? Imagine Harry, you're working for a line and we're We're asking you to pick up the scooters, drive it home, charge it, drive it back the next day.

Swapping costs were cut by half. It remains our biggest cost. And so we're constantly thinking about how do we continue to improve swapping costs? Imagine Harry, you're working for a line and we're We're asking you to pick up the scooters, drive it home, charge it, drive it back the next day.

You're going to want us to pay you for all of that time and effort versus swapping a battery that takes 15 seconds, 20 seconds. Do you pay them on battery swapped or on time? We work with logistic partners in the cities we're in, and they have employees as part of their small mom and pop business. And we pay the logistics partners on a per swap basis.

You're going to want us to pay you for all of that time and effort versus swapping a battery that takes 15 seconds, 20 seconds. Do you pay them on battery swapped or on time? We work with logistic partners in the cities we're in, and they have employees as part of their small mom and pop business. And we pay the logistics partners on a per swap basis.

You're going to want us to pay you for all of that time and effort versus swapping a battery that takes 15 seconds, 20 seconds. Do you pay them on battery swapped or on time? We work with logistic partners in the cities we're in, and they have employees as part of their small mom and pop business. And we pay the logistics partners on a per swap basis.

We do in the sense that all of the battery swapping operations is controlled by our software, which we build in-house. Some of our competitors franchise the whole thing and really leave it up to the mom and pops kind of logistics partners to do what they need. But we have great software that dictates how an operator moves around a city, where they go next.

We do in the sense that all of the battery swapping operations is controlled by our software, which we build in-house. Some of our competitors franchise the whole thing and really leave it up to the mom and pops kind of logistics partners to do what they need. But we have great software that dictates how an operator moves around a city, where they go next.

We do in the sense that all of the battery swapping operations is controlled by our software, which we build in-house. Some of our competitors franchise the whole thing and really leave it up to the mom and pops kind of logistics partners to do what they need. But we have great software that dictates how an operator moves around a city, where they go next.

All of our tasks within the software is automatically created. So I'll give you an example, which is we also do a lot of move tasks in a city. So we have a machine learning demand algorithm that predicts where we think trips are gonna come from in all the cities we're in by the block, by the half block.

All of our tasks within the software is automatically created. So I'll give you an example, which is we also do a lot of move tasks in a city. So we have a machine learning demand algorithm that predicts where we think trips are gonna come from in all the cities we're in by the block, by the half block.