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

What Investors Say

LEAD INVESTOR

Invested $1,000 this round + $150,000 previously

We are in the EV Commercial Industry since 2013 and are looking for great products ever since.When I got to know about Cityfreighter, at the end of 2018, I made an initial investment to support their project to build a prototype for the ACT show in April 2019. Honestly, I never believed they will make it on time but I was convinced that their concept would be a successful business model in the future. But then, the Easter weekend before the ACT show, a 747 cargo plane with the prototype on board landed at LAX and we virtually drove the CF1 to my facility that evening, just two and a half hours after landing!
I could not believe it! And the CF1 was the most beautiful truck of its class, I have ever seen.
Everything had been realized, almost to perfection. In specific I love the clean cockpit,
the low-floor chassis and the intelligent locking system. I have no doubt that this innovative company, given the right support and funding, can change the industry for good and we will be there with the to a glory EV future.

What People Say

the Second Round of CityFreighter Inc.

Quick facts

Team profiles

Featured investor profiles

$778,052

What Investors Say