Investor Prospectus · Fleet I · Pro-forma illustration

Ten Cybercabs. One county.
Capital back in ~9.5 months.

The complete unit economics behind OC Cab's 10-vehicle launch fleet — every cost itemized, every assumption stated, and an interactive calculator so you can stress-test the model yourself. Steady-state payback runs 8.6 months; adding a three-month utilization ramp lands at ~9.5.

—Ramp-adjusted return of capital, base case
—Total capital required
—Fleet net cash flow / month
—Net cash flow / year
—Annual cash-on-cash ROI
01 · Capital

Capital requirements

Fleet I is acquired outright — no vehicle debt — so operating cash flow after launch is unencumbered. Vehicle pricing reflects Tesla's stated Cybercab volume-production target; charging leverages depot properties we already control.

ItemBasisAmount
Residual value is upside, not counted. Payback figures below credit operating cash flow only. Vehicles modeled to a 30% five-year residual are additional recoverable capital on top of every return shown.
02 · Revenue

Revenue model

Revenue is paid miles × rate, net of the platform's network split. Orange County pairs dense short-hop demand (Irvine, Newport, Costa Mesa) with premium airport corridors (SNA) and event traffic — and a two-seat robotaxi runs ride blocks a human-driven fleet can't sustain.

245 mi/day

Paid miles per vehicle

16 hours of daily utilization with charge cycles slotted between ride blocks — inductive pads make the swap automatic.

$1.00 /mi

Average rider rate

Priced dramatically under UberX-with-tip while still out-earning it per vehicle — the driverless cost base is the whole trick.

25%

Network split

Platform commission to the autonomy network operator. The calculator below lets you push this to 35% and watch the model hold.

03 · Operating costs

Every cost, itemized

What it takes to run one Cybercab for a month — insurance, cleaning, power, depot share, maintenance, software. No driver is the entire point: labor that consumes most of a taxi fare simply isn't on this list.

Monthly operating cost per vehicle — base case

View as table
Cost linePer vehicle / moFleet / moFleet / yr
Energy assumes 165 Wh/mi (Cybercab certified efficiency), ~30% repositioning miles, 8% inductive transfer loss, and $0.13/kWh blended off-peak at owned depots. Insurance reflects Level 4 commercial fleet underwriting targets; cleaning covers automated resets plus scheduled details.
04 · Payback

Path to payback

Cumulative net cash flow against capital deployed, including a three-month utilization ramp (50% → 70% → 90% of steady state). The base case returns all capital in — — the itemized, bottom-up confirmation of our ~9.5-month estimate. Conservative still clears inside 17 months.

Cumulative fleet net cash flow, months 0–24

Dots mark the month each scenario crosses total capital deployed · includes 3-month ramp
View as table
MonthConservativeBaseAggressive
Annual ROI is net cash flow over total capital (cash-on-cash), at steady state. The economic ROI line additionally reserves for vehicle depreciation to a 30% five-year residual — the honest number once fleet renewal is priced in.
05 · Stress test

Break the model yourself

Don't take the base case on faith. Move the four assumptions that matter most — the calculator runs the exact same formulas as every figure above, ramp included.

Reset to base case
—Return of capital (ramp-adjusted)
—Annual cash-on-cash ROI
—Fleet net cash flow / month
 
—Net cash flow / year
 
06 · Risk

Risk factors

A candid list. Each of these can move the numbers above — the conservative scenario exists because of them.

  1. Regulatory timing. Driverless commercial passenger service in California requires DMV and CPUC authorization tied to the vehicle platform. Launch timing depends on permits covering our service area.
  2. Platform dependence. The model assumes Cybercab pricing, efficiency, and unsupervised autonomy perform to manufacturer targets, and that fleet allocation opens to independent capital. Delays push launch; changed network terms compress margin.
  3. Network split. The 25% platform commission is an assumption, not a signed term. The calculator shows sensitivity to 35%.
  4. Insurance market. Level 4 commercial coverage is young. We model $600/vehicle/month; the calculator shows sensitivity to $1,200.
  5. Utilization ramp. 245 paid miles/day is steady state. The model already discounts months 1–3 to 50/70/90% — a slower ramp shifts payback right, and the calculator's output is always ramp-adjusted.
  6. Competition. Waymo and others may enter Orange County, pressuring rates. Conservative ($0.90/mi, 180 mi/day) is our margin-of-safety view.
Illustrative model — not an offer of securities. Figures on this page are a pro-forma illustration based on manufacturer-stated targets and management assumptions, not operating results. Nothing here constitutes an offer to sell, or a solicitation of an offer to buy, any security. Any offering will be made only to accredited investors pursuant to applicable exemptions under Regulation D and only through definitive offering documents containing full risk disclosures. A detailed balance sheet, projected P&L, and 2-year ROI scenarios are available under NDA to qualified accredited investors. OC Cab is an independent venture and is not affiliated with, endorsed by, or partnered with Tesla, Inc.
07 · Connect

Register investor interest

Interested in Fleet I? Register below and we'll follow up with the data room — assumption sources, the operating plan, and definitive documents when the round opens. Commitments are being taken now toward a late-2026 close.