Changing rideshare for good. - OJO Scooters VISION OjOis changing rideshare for good.We provide safe,

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  • 1 | Confidential. Not for Distribution.

    Changing rideshare for good.

    October 2019

  • FORWARD-LOOKING

    STATEMENTS

    Certain statements in this presentation are forward-looking statements, which include the development and launch of OjO’s technologies and products, successful completion of a going public transaction and other matters. Forward- looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such information can generally be identified by the use of forwarding-looking wording such as “may”, “expect”, “estimate”, “anticipate”, “intend”, “believe” and “continue” or the negative thereof or similar variations. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur.

    By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, estimates, forecasts, projections and other forward-looking statements will not occur. These assumptions, risks and uncertainties include, among other things, the state of the economy in general and capital markets in particular, the development of competitive technologies, the marketplace acceptance of OjO’s technologies and products, and other factors, many of which are beyond the control of OjO. Given these risks, uncertainties and assumptions, you should not place undue reliance on these forward-looking statements. Forward-looking statements contained in this presentation are expressly qualified by this cautionary statement.

    The forward-looking statements contained in this presentation are made as of October 2019. The forward looking information has been prepared by our management to provide an outlook of our activities and results and may not be appropriate for other purposes. Our management believes that the forward looking information has been prepared on a reasonable basis, reflecting management’s best estimates and judgments. This document should be read with the understanding that our actual future results may be materially different from what we expect. Except as required by law, OjO disclaims any intention and assumes no obligation to update or revise any forward looking statements, whether as a result of new information, future events or otherwise. Additionally, OjO undertakes no obligation to comment on the expectations of, or statements made by, third parties in respect of the matters discussed above. Neither we nor any of our representatives make any representation or warranty, express or implied, as to the accuracy, sufficiency or completeness of the information in this presentation. Neither we nor any of our representatives shall have any liability whatsoever, under contract, tort, trust or otherwise, to you or any person resulting from the use of the information in this presentation by you or any of your representatives or for omissions from the information in this presentation. OjO cannot warrant the information contained to be exhaustive, complete or sufficient. This presentation is being disclosed for general discussion, review, and evaluation only.

    In this presentation, “OjO” or “Company” refers to OjO Electric, LLC, a California limited liability company.

    Unless otherwise indicated, all dollar amounts referred to in this presentation are in U.S. Dollars.

    2

  • VISION

    OjO is changing rideshare for good. We provide safe, sustainable first and last mile mobility solutions in collaboration with local governments.

    Our patented, custom-engineered scooter is built for bike lanes and streets, away from sidewalks and pedestrians, protecting public rights-of-way.

    The zero emission, fully-electric OjO scooter has two swappable 48-volt lithium ion batteries that allow it to go up to 50 miles on a full charge at bike-lane-legal top speeds of 20 mph.

    Integrated GPS technology allows for geo-fencing and automated speed throttling.

    3

  • “Micro-mobility” solutions — personal individual electric

    vehicles, such as e-bikes and e-scooters, rentable by-the-minute

    through a smartphone app — can effectively replace most

    personal car and ride-hailing trips, as well as deliver first- and

    last-mile solutions for public transit.

    “I’m actually very, very bullish on personal individual electric vehicles…

    We’ve got to deconstruct the car…”

    - Dara Khosrowshahi, Uber CEO

    53% of all private vehicle

    trips are under 3 miles

    Nearly 18% are under 1 mile

    THE MICRO-MOBILITY TREND IS UNSTOPPABLE

    Source: Santa Monica Planning Commission Report, March2017

    First Mile Metro Provided Last Mile

    Trip

    Are ride-share electric scooters the future of urban transport?

    How Electric Scooters Are Reshaping Cities

    How two-wheelers are weaving their way into urban transport

    4

  • 600

    500

    400

    300

    200

    100

    Goldman Sachs projects ride-hailing

    revenueto increase to $177 billion -

    $492 billion by 2030

    Source: Goldman Sachs, Rethinking Mobility, May 2017

    492

    285

    177

    Bull

    Bear

    Base

    36

    0 20302016

    • Boom in metro area populations has negatively impacted traffic congestion, air pollution, energy usage, mobility, and

    more

    • Tech-based mobility solutions and city infrastructure improvements (e.g., public transit and added bike lanes)

    emerging to improve commuting times and reduce

    congestion and GHG emissions

    • Parking costs escalating and precious city space wasted on car storage

    • North Americans driving less, especially in cities with ride- hailing services and expanding array of mobility options

    THE FUTURE OF URBAN MOBILITY AND INFRASTRUCTURE

    Total mobility market = $7.0 trillion … and growing

    Source: Populus Groundtruth; Clewlow & Mishra, 2017; Clewlow 2016

    BIKESHARING 13% in 2018 (8 yrs)

    CARSHARING 16% in 2018 (18 yrs)

    RIDE-HAILING 39% in 2018 (7 yrs)

    A D

    O PT

    IO N

    R AT

    E IN

    U .S

    .M ET

    RO

    E-SCOOTERS 3.6% in 2018 (

  • BIRD, LIME REACH UNICORN STATUS IN MATTER OF MONTHS Private company post-money valuation growth for scooter startups Bird and Lime

    All figures in USD

    EARLY ENTRANTSHAVE HAD

    REMARKABLE VALUATION GROWTH

    March 2017

    April 2017

    May June July Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul 2017 2017 2017 2017 2017 2017 2017 2017 2018 2018 2018 2018 2018 2018 2018

    Lime launches in July 2017

    Bird launches in September 2017

    Sources: CBinsights.com;PitchBook.com

    $295M

    $400M

    $42M $18M

    $60M

    $2.3B

    Total Capital Raised$418M

    Total Capital

    Raised$467.1M

    Pro forma market cap post-RTO: $38.8M

    $1.12B

    6

    Feb 2019

    Seed

    Series A

    Series B

    Series C1

    Series A

    Series B

    $2.4B

    Series C

    Series D

    Ongoing $275M financing @ $2.8B valuation

  • UNINTENDED CONSEQUENCES

    7

    Street Litter

    Blocking right of way

    Injuries

    Vandalism

    Theft

    Confiscation/impound

    Waste and environmental impact is immense and cities are pushing back

  • OJO IS CHANGING RIDESHARE FOR GOOD

    SAFETY FIRST. - GPS-enabled geo-fencing technology

    - Support for docking stations and lock-to technology

    - Large wheels to navigate cracks and potholes

    - Front and rear disc brakes, horn, and headlight

    - Several other safety-focused enhancements in the pipeline -

    e.g., tire pressure sensors and fall detection

    WORKING WITH MUNICIPALITIES. OjO will work with municipalities to ensure a seamless working

    partnership with City Halls across America and the world insolving

    their communities’ mobility problems.

    ACCESS TO PUBLIC MARKETS. OjO has partnered with Fiore Group to take the company public and

    is expected to trade on the TSX.V under the ticker OJO week of

    October 21, filling a gap in the equities markets by offering pure-play

    access to the growth of the micro-mobility sector.

    8

    BETTER DESIGN. OjO is a design-first company

    founded by a group ofsuccessful

    consumer goods entrepreneurs,

    inventors, and designers.

    CUSTOM-ENGINEERED. With product design at its core, OjO is

    able to iteratively work with its factory

    partners with whom founders have

    worked for decades – to be highly

    responsive to industry and regulatory

    trends, which are just beginning to

    evolve.

    LONGEVITY. OjO scooters were designed to last for

    years under ordinary consumer usage

    and are expected to withstand the wear-

    and-tear of rideshare for two years or

    more before needing to be replaced.

    Compare this with the ~30-day lifespan

    of the competitors’ white-labelled

    commodity kick-scooter manufactured

    by a third party.

    COMFORTABLE AND FUN. OjO scooters have integrated Bluetooth