This looks like a fantastic idea. Your progress is amazing. You have product in Market. You have an open order for 500 units. Why are you valuing the company so low? Again I think this will be a huge success. Electric vehicles are the future. I am so glad that you are so far a...

Samir, really good question. We are not there yet but want to move quickly to be on the same levels as Rivian or Arrival. Once we can show the beta I am sure things will move. We want this to be happen asap as the market demand is growing. So this is an opportunity here to become part of the exciting future, at a great valuation

Very interesting approach to a large market. I have a few questions. 1. Is the modular approach expected to result in easier / lower cost repairs for customers? 2. What are your expectations on margins and profitability? For instance, on a $60K vehicle, what rough cost do you ...

Paul, 1. Yes, TCO is an important part of the concept. We believe that electric drivetrains and batteries will become commodities and we focus on those things as you mentioned, e.g. "click and go" exchangeable bumper parts, or differentiating between using cheap brake pads which take a longer time to replace than for example using plug and play ones from Brembo (just as an example, electric vehicles do not need to change brake pads often, because of recuperation). We will come up with interes...

Hi. Can you give me a breakdown of your revenue goals for the next 5 years instead of just year 5? Also, the 1.14 B shown in the 5 year forecast is for year 5 alone or cumulative for 5 years?

Hi Leonardo, yes it is cumulative. Y1 2021-$0, Y2 2022-$60,950, Y3 2023-$112,450, Y4 2024-$195,300, Y5 2025-$260,500, Y6 2026-$523,320. We believe that this projection is quite a conservative one, in specific if you look at the current market development.

I know there is a lot of competition in this space at the moment. Workhorse I assume would be one of your main competitors. How are you different from all the other companies at the moment competing in this space? Also is your ultimate plan to IPO?

Hi Camille, we don‘t classify them as competitors, more as a kind of market participants. It is important for all companies in this field to succeed. We followed Workhorse for some time and it is a good example how things will go if you do not focus to make one product right. However, looks like this has changed and that they found their way now. I had a chance to look at their new C650 at the Work Truck Show in Indiana this year. If you would have the chance to compare our CF1...

Why do you think there is a market (or, rather what market exists) for a commercial vehicle that can only be used for 2 or 3 hours a day before requiring an overnight charging session? As an operator running an 8-hour/day operation, do I have to buy 3 trucks instead of 1, in o...

Thomas, we are focusing on the inner-city "last mile" delivery market. Those delivery vehicles operate within a maximum range of 50-80 miles per day and therefor the range provided is more than sufficient for a daily operation of one truck. We will offer fast-charging as an option. And you could extend the range by using a larger battery (unfortunately the main cost factor for EV's). When developing an EV truck it is important to optimize every single part and to save weight. We are quite sur...

the Second Round of CityFreighter Inc.

The ultra low floor commercial EV platform targets RV and multiple billion-dollar niche markets

cityfreighter.com

Santa Barbara, CA

Technology B2B Hardware Climate Change Transportation

Highlights

Currently closing in on a game changing RV platform project. Versatile, modular and software defined

Substantial multi-billion dollar Market with exponential growth. Demand expected to outpace supply

The market needs electrified CabChassis. Modular, customizable, designed for ease of manufacturing

Reducing CAPEX and speeding up time-to-market by using existing and proven parts, SOP end of 2026

Team

Powering Progress: Ride the Future Wave with Our Electric Revolution for Commercial Vehicles – Round Two, Unleashing Limitless Potential in a Multi-Billion-Dollar Landscape!

Here you go. We are close to sign a deal with a prominent European RV manufacturer and will then take a different route of funding. The campaign is still open to invest, so this might be an opportunity. We believe that the direction we take, combining different niche markets, starting with RVs, will open multiple opportunities. We worked heavily the last months on this project development, together with the RV manufacturer, and we have come from an electrified chassis to a versatile, modular, software platform which, we believe, is going to disrupt the market.