Parknav

Hi Rob, thanks for the question. The Form C (tinyurl.com/parknav-wf21-form-c) is considered that "prospectus". You can find it at the bottom of Details tab of this website. Specific info about terms is available in the Form of Note for early investors, which is part of Form C, also here: tinyurl.com/parknav2021-wf-early Your first question, namely the numbers of shares for $1000, depends on many assumptions, but hopefully you could calculate by yourself with the number of shares outstanding stated in Form C under "DESCRIPTION OF ISSUER'S SECURITIES". Let me know if you don't find answers easily there, and I shall help.

Hi Maurice, we determine real-time on-street parking availability. We use artificial intelligence to analyze data generated by cars manufacturers, telecommunication companies, insurance companies, car-sharing companies, mapping companies and many other sources, along with our own proprietary data.

Hi Kevin, thanks for this question. The APDS standard is developed to serve payment systems. Parknav is focused on information provisions regardless of whether payment is required or parking is completely free. We do work with a number of other standards, and would be very happy to participate in helping shape APDS to also include realtime information for parking whether payment is required or not. I feel that this shall serve drivers more broadly than just focusing on payment alone. Want to continue the conversation? Email us at corporate@parknav.com. Looking forward! --Eyal Amir, Parknav CEO

Thanks for your interest and your questions! (1) our business model is based on charging our customers SaaS for services we provide from our SaaS platform, and our pricing on our website should give you a more information on how we monetize our unique platform with patented AI technology and processed big data. (2) we have projected a growth to $120m annual revenue (as shown in our deck), and expect, though cannot guarantee, that we shall reach so and go beyond. (3) Our clients are large enterprises, with a growing set of smaller B2B. Some of those that we can disclose are listed in the deck here on WeFunder.

Hi Nicolas, thank you for a very relevant question. Please allow me to respond to this comprehensively. Covid-19 and related trends continued to put downward pressure on the mobility market in 2021. Enterprise customers have been more resilient than others, but the strong decrease in people mobility worldwide caused them to change investments in the short term. Also, travel restrictions and decreased activity in the mobility market caused deals to slow down. On the positive side, government spending on smart city has increased worldwide, and political changes occurred that are promising to increase spending further on this market, but those took time to trickle down and we start to see their effect in 2022. Also, a new market for IoT and AI has started opening up, with early adopters starting to buy in 2021 but with smaller deal sizes. These market trends coincided with our realization in 2020 that the company can achieve faster and safer growth to a larger market by switching to SaaS (Software as a Service). This was implemented in 2021, moving away from Enterprise focus which requires substantial consulting component to SaaS to SME (Small and Medium Enterprises). This already resulted in growth in the number of customers that we had from 2020 to 2021 by 200%, and we expect, though cannot guarantee, that the same would be in 2022 compared with 2021. Those deals being smaller, though faster to close, are promising for faster and solid growth, but in the near term caused lower revenue in 2021. In conclusion, we expect, though cannot guarantee, that revenues in our updated business model shall increase to $30K/month MRR average revenue in the next 6 months, with further growth at very fast pace soon thereafter. Best, Eyal

Hi Iain, many thanks for your question. Indeed the share price in this campaign is higher than that of the previous one at StartEngine. The early-bird price in this campaign offers a discount, and so did the early bird at StartEngine. This opportunity expires when we reach $300K in this round. Regarding the convertible notes from April, depending on surpassing $1MM (* see below) in this round, this note will convert into equity based on the cap of that note (e.g. $50M). Once this round closes (and assuming conversion occurs), then we shall calculate the consequent pricing per share that you receive for your note. Assuming these, holders of that note (eg at valuation $50M cap) would convert at a price per share that is much lower than the price at this round (valuation $80M). Side Note: by helping us spread the word and surpass that $1MM (*) raise in this round, you help make the notes convert. Hope this helps! Best --Eyal, Parknav CEO *(as part of the Qualified Financing mentioned in the Convertible Note of April 2021; the terms on the note prevail in any conflict with my explanation above)

Hi Aldert, thanks for your interest. Please see our annual reports and other info on this Wefunder website, specifically the deck under tab "overview" and also our Form C submission under tab "details", to find some of the metrics you are looking for. Some others may not be available for commercial or other reasons. Please also notice that this is a Seed raise rather than Series B.

Hi Aldert, thanks again for your question, here are some metrics that I can share with you publicly (if you are accredited, please email me at corporate@parknav.com): 1. MRR: $13,000 2. Gross margin: COGS are presently only cloud costs, so gross margin is very high. 3. LTV/CAC: our deals are not yet consistent enough to offer an honest measure here. Notice that we are at Seed (not sure why you mention we are Series B). Other measures will be provided when we are at Series A! Best, Eyal

Hi Susan, thanks for your question! Your investment shall convert into equity (stocks) when the company goes thru a qualifying financing event (see Form C under Details on this page). We plan, though cannot guarantee, that the company shall IPO or get acquired in the future, and that you could sell your shares at profit then.

Hi Marco, thanks for your question! We provide some 2020 estimates in our Company FAQ and Form C, and plan, though cannot guarantee, to have consolidated and reviewed FY 2020 financials by June or July this year.

Hi Tal, many thanks for your interest. Our marketing strategy is based on powering as many businesses and companies with our SaaS platform. So more than our unique AI technology only, and processing of corresponding big data, we provide them the full service and platform on which they can hook up to.