{ "docId": "019de513-18b5-720e-a5c1-7a8388451081", "docSlug": "a8da4ac4712b948237a964f057e42fe9", "documentTitle": "Getaround | SPAC Presentation Deck | 46 slides", "authorId": "getaround", "authorName": "Getaround", "documentKindSlug": "pitchdeck", "documentKindLabel": "Pitch deck", "sourceTypeSlug": "investment_bank", "sourceTypeLabel": "Investment bank", "presentationDate": "2022-05-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.7777778, "pageNumber": 40, "pageCount": 46, "prevPage": 39, "nextPage": 41, "slideType": "appendix_disclosure", "function": "other", "density": "balanced", "nDataPoints": 0, "notes": null, "elementsJson": null, "metadataConfidence": 1, "imagePath": null, "slideHref": "/slides/019de513-18b5-720e-a5c1-7a8388451081/40", "deckHref": "/decks/019de513-18b5-720e-a5c1-7a8388451081", "deckJsonHref": "/decks/019de513-18b5-720e-a5c1-7a8388451081.json", "deckAnchorHref": "/decks/019de513-18b5-720e-a5c1-7a8388451081#slide-40", "components": [ { "bbox": { "h": 0.8, "w": 0.9, "x": 0.05, "y": 0.12 }, "kind": "paragraph", "text": "The COVID-19 pandemic (\"COVID-19\") and the impact of actions taken to mitigate COVID-19 have negatively impacted and will continue to negatively impact our business, financial condition, and results of operations. The effects of COVID-19 and other potential future public health crises, epidemics, pandemics or similar events on our business, operating results and cash flows are uncertain. We have incurred significant operating losses since inception and may not achieve or maintain profitability in the future. We have a limited operating history in an evolving industry, which makes it difficult to evaluate our current business and future prospects and may increase the risk of your investment. We face intense competition and may not be able to compete successfully with current or future competitors, which could adversely impact our business, financial condition, and results of operations. We experience seasonality and other significant fluctuations in our operating and financial results. The impact of adverse or changing economic conditions, including the resulting effects on consumer spending, may adversely affect our business, financial condition, and results of operations. Because we recognize revenue over the duration of trip instead of upon booking, upticks or downturns in bookings are not immediately reflected in our results of operations. A significant percentage of trips reserved on our platform take place in or near large metropolitan areas. If our operations in these areas are disrupted, our business, financial condition, and results of operations will be adversely affected. If we do not retain existing hosts or guests or add new hosts and guests, or if hosts fail to provide an adequate supply of high-quality, as-advertised and well-serviced vehicles, our business, financial condition, and results of operations will be negatively impacted. We have a Vehicle Solutions Agreement with Uber, pursuant to which Getaround vehicles are available to Uber drivers within the Uber app, however, Uber may terminate the agreement for convenience upon sixty (60) days' notice, and there is no guarantee this business relationship will create meaningful revenue for us, which may be the result of Uber terminating the agreement or not prioritizing our service relative to other car rental or car sharing services, Getaround not making vehicles available to Uber drivers at sufficiently attractive rates to generate meaning revenue for Uber, or for a variety of known or unknown causes both beyond and within our control. If our platform, including searching for vehicles and completing the reservation and payment process, is not easy to navigate for potential guests, or our product experience improvements are not successful, or if new guests are dissatisfied with our account creation or verification processes, we may not be able to encourage guests to make reservations on our platform. The manufacture, installation and operation of the Getaround Connect is highly dependent upon third party suppliers, service providers and networks, including sole source component suppliers who have been impacted by the global semiconductor supply chain shortage. Our business may be harmed if these parties do not perform their obligations or if they suffer interruptions to their own operations, or if alternative component sources are unavailable or if there is an increase in the costs of these components. The availability of vehicles suitable for our platform has been negatively impacted by the global semiconductor supply chain shortage, limited inventory of (and historically high prices for) new and used vehicles, and other economic factors affecting the automobile and transportation industries. Our efforts to minimize the likelihood and impact of adverse cybersecurity incidents and to protect data and intellectual property may not be successful and our business, manufacturing operations and reputation could be negatively affected by a cyberattack, security incident or other disruptions. Cyber incidents or attacks directed at us could result in information theft, data corruption, operational disruption, increased operational costs to investigate and respond to the incident, and/or financial loss. Host, guest, or other third-party actions that are criminal, violent, inappropriate, dangerous, or fraudulent, may undermine the safety or perception of safety of our platform, along with our ability to attract and retain hosts and guests, which could adversely affect our brand, reputation, business, financial condition, and results of operations. Measures taken to improve safety of our platform and our reputation may cause us to incur significant expenditures and may not be successful. We rely on third-party insurance policies to insure against risks related to our platform, including for damage to individuals (including death) and property resulting from vehicles shared through our platform. We expect the costs of our insurance policies to continue to grow and if our insurance coverage is insufficient for the needs of our business or our insurance providers fail to pay on our insurance claims, or if insurers are no longer willing to provide insurance to us specifically or car-sharing platforms generally, on acceptable terms or at all, our business, financial condition and results of operations could be adversely affected. Our accounting reserves and accruals for insurance and other claims may be inadequate, which may result in excess losses beyond our financial forecasts, which could adversely affect our business, financial condition, and financial condition.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "54d6de91-c549-4fcd-9ec0-79ccb4ed270c", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.03, "w": 0.25, "x": 0.05, "y": 0.07 }, "kind": "title", "text": "Risks Related to Our Operations", "attrs": null, "subkind": "headline", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "3e7d7530-df00-4d68-a29c-45e69e1ddee6", "frameworkName": null, "frameworkSlug": null } ], "metrics": [], "tools": [], "frameworks": [], "arcBeats": [], "loops": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }