HOVR

Hey Jestin, thanks for your question. Glad to hear that you are a fan of HOVR's concept, "100% Fare is 100% Fair". We are using the procedes of our current fund raising to accelerate the awareness of HOVR amongst our Rider community as we alredy have a dedicated community of Drivers ready, willing and able to support our growth. Please send us an email at info@ridehovr.com so that we can answer any specific questions that you may have.

Hi Jim, Great Question - the valuation for HOVR at this stage is derived from a number of factors, the top ones being; - The high scability factor of this platform - A conservative projected EBDITA Multiple - The traction and velocity of current rider and driver adoption - The team with an extensive track record of success across a number of business diciplines. - The IP and patents portfolio extending across the transportation industry - The current market size and growth factor. Thank you for the question and your consideration in HOVR

Actually, Uber has been quite profitable over the last 12 months, having a market capitalization of $159 billion and earnings (EBITDA) of $2.8 billion representing a 5% profit margin. HOVR deducts the fees from various service providers (e.g. insurance, City of Toronto, payment processing, and the HOVR $1/ride Platform Fee) from the total cost that the rider pays and sends the balance to the drivers resulting a much larger payout to the drivers and a competitive price to the riders. Our Platform Fee provides enough revenue for us to run our operations and improve our App. If fares fall in the rideshare industry we can reduce ours too.

No the drivers will not be employees, but rather HOVR members, and as such will receive Member Benefits such as access to various discount programs via strategic parterships leveraging the 'community' effect.

HOVR welcomes innovation and recognizes that the rideshare industry is constantly evolving. However, our core mission remains steadfast: to empower drivers and provide a human-centric approach to transportation. While robotaxis are an exciting development, they cater to a different segment of the market. HOVR focuses on building a community-driven platform that prioritizes drivers as partners, offering them better earning opportunities, a voice in decision-making, and support systems that foster loyalty and trust. We also acknowledge the reality that autonomous robotaxis, while promising, are still in the early stages of development and adoption. There are significant technical, regulatory, and infrastructural hurdles to overcome before they can become a widespread reality. It will likely take several years, if not decades, before autonomous vehicles can operate at scale in a way that addresses safety concerns, meets diverse transportation needs, and gains broad public trust. In the meantime, HOVR is focused on addressing the immediate needs of drivers and riders, creating a platform that thrives on human connection and adaptability. We see robotaxis as a complement to the market rather than a direct threat. While autonomous vehicles may address certain logistical and operational challenges, they cannot replicate the personalized service, flexibility, and empathy that human drivers provide. Many passengers value the social interaction and reliability that come with a human touch, especially for families, the elderly, and individuals with specific needs. Moreover, HOVR's commitment to innovation ensures that we remain competitive as the landscape evolves. Our investments in technology, sustainability, and driver-focused initiatives position us uniquely to adapt while maintaining our emphasis on creating opportunities for people. Ultimately, we believe there is room for multiple solutions in the rideshare market. HOVR's value lies in being a brand that celebrates and supports drivers, ensuring they remain central to the future of transportation.

Thank you for your question! I want to assure you that we are committed to exploring the best opportunities as they present themselves to provide the greatest return for our early supporters as many of them are drivers who are working to help us grow this platform. Investors in HOVR can realize a return on their investment in several ways including the possibility of an IPO in the years to come, a Merger through a Private Equity Firm or an Aquisition from global incumbent looking to enter North America. We will position for a public event but remain postured for other opportunities as they present themselves through this journey we are on.