FINANCIAL PROJECTIONS

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Build a city rollout, adjust the economics and explore linked projections for revenue, earnings, assets, debt and cash over 3, 5 or 10 years.^[13]

Projected amounts in U.S. dollars. Adjust inputs below; assumptions apply to this browser session. ^[13]

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Final-year net income across demand and fare variations; fleet and financing assumptions remain fixed.^[13]

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City rollout & launch years

Filter or scroll to select markets and the model year each begins operating. Shared DFW airport traffic is allocated across Dallas and Fort Worth.^[14]

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Plan assumptions

First projection calendar year

Fleet assumptions

Initial vehicles per launched cityAnnual fleet growth per active city (%)Maximum vehicles per cityOperating days per yearAvailable hours per vehicle per dayFleet availability (%)Target share of available time in trip cycles (%)Local paid trip minutesAirport paid trip minutesAdditional empty travel time / miles (%)Launch-year delay (months)Launch-year demand ramp (%)

Demand assumptions

No-vehicle household adoption (%)Other household adoption (%)Local rides per participating household / monthAirport local origin/destination share (%)Airport taxi / ride-hail share (%)Airport passengers per hired vehicleCYVO share of airport hired trips (%)

Pricing assumptions

Average local fare ($)Airport fare multiplier vs distance estimatePlatform fee / remittance deduction (%)Payment processing on gross fares (%)Airport access cost per airport ride ($)

Costs assumptions

Average paid local milesCharging cost per total mile ($)Maintenance cost per total mile ($)Cleaning cost per ride ($)Annual insurance per vehicle ($)Annual operating payroll per city ($)Annual depot / charging-service costs per city ($)Annual central overhead ($)Marketing as % of gross faresOne-time launch expense per new city ($)

Capital assumptions

Vehicle acquisition cost ($)Vehicle useful life / replacement cycle (years)Vehicle residual value (% of acquisition cost)Capitalized infrastructure per new city ($)Infrastructure depreciation life (years)

Financing assumptions

Debt financing of vehicle purchases (%)New-loan annual interest rate (%)Loan amortization term (years)Initial equity contribution ($)Minimum cash reserve per active city ($)Profit distribution target (%)

Accounting assumptions

Collection delay / receivable daysOperating payable daysEntity-level effective income tax (%)Revenue basis: 0 = gross operator; 1 = net remittance

Economy assumptions

Annual local demand growth (%)Annual airport demand growth (%)Annual fare change (%)Annual nonpayroll operating-cost inflation (%)Annual payroll / overhead inflation (%)Annual asset-cost inflation (%)Economic shock begins in model yearShock duration (years)Demand shock during affected years (%)Competitive fare pressure during shock (%)Energy-cost shock during affected years (%)New-loan rate shock (percentage points)

Valuation assumptions

Terminal enterprise value / EBITDA multipleBusiness-equity NPV discount rate (%)

Market contribution detail

Methods, sources, accounting assumptions and definitions: ^[13]^[14]

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