Yaron Zaltsman

“I'm very happy to share that we have secured the necessary funding to kick off U.S. production. This will allow us to start delivering vehicles to our customers in North America in 2025 and to grow it to scale.”

“We expect it will be not more than $4 million to $5 million per month. We also expect to generate cash in the U.K. from the U.K. government as part of the grand plan of roughly $7 million between Q2 to Q3.”

“So I think going forward for year 2024 we should keep seeing actually decrease in our cost. What we are planning to do in year 2024 is to continue on the path that we started in year 2023, where it's including decrease in our operational costs.”

“So the grants are following with us this year, and they will be with us also next year. We cannot give too much information about the amount, but it's not a meaningful amount.”

“Hi, so most of the $50 million has not been spent yet, but it's part of our business plan, and we share information about the amount of cash that we have right now and the amount of cash that we need in the next 2 years, so you can include that there.”