Investor Prospectus · Tango-Fleet · Pro-Forma Model

Tango-Fleet economics.
Capital back in ~9.5 months.

The complete bottom-up unit economics behind Tango Cab's 10-vehicle launch fleet (Tango-Fleet base case): every cost itemized, every operational assumption stated, and an interactive sensitivity model so you can stress-test each variable. Steady-state payback runs 8.6 months; adding a three-month utilization ramp lands at ~9.5.

9.5 mo Ramp-adjusted return of capital (Base Case)
$355,000 Total capital deployed
$41,067 Fleet net cash flow / mo
$492,804 Net cash flow / year
138.8% Annual cash-on-cash ROI
01 · Capital Allocation

Capital requirements

The Tango-Fleet pool is acquired outright with zero vehicle debt, ensuring post-launch operating cash flow is 100% unencumbered. Vehicle acquisition reflects Tesla's volume-production Cybercab pricing target ($30,000); charging leverages owned and partner depot hubs.

Item Basis Amount
Residual Value is Upside, Not Pre-Credited: Payback calculations credit operating cash flow only. Vehicles modeled to a conservative 30% 5-year residual value provide additional recoverable asset value on top of all cash yields shown.
02 · Revenue Model

Revenue mechanics

Gross revenue is paid passenger miles × rider rate, net of the platform network split. Orange County offers dense short-hop routes paired with premium airport loops (SNA) and tourist hospitality traffic.

245 mi/day

Paid Miles Per Vehicle

16 hours of daily automated vehicle utilization, with wireless inductive top-ups scheduled between ride blocks.

$1.00 / mi

Average Passenger Fare

Priced significantly below legacy human rideshare (UberX with tip) while sustaining superior margin per vehicle mile.

25%

Network Platform Split

Autonomous dispatch and mapping network fee. The calculator below allows testing sensitivity up to 35%.

03 · Operating Costs

Itemized monthly OPEX

Every monthly cost required to operate one Cybercab in active commercial service: insurance, robotic detailing, depot energy, maintenance, and telematics software. Zero human driver labor on the ledger.

Monthly Operating Cost Per Vehicle (Base Case Breakdown)

View Complete Cost Table
Cost Line Per Vehicle / Mo Fleet / Mo Fleet / Yr
Assumptions: Depot energy assumes certified 165 Wh/mi efficiency, ~30% repositioning deadhead, 8% inductive transmission loss, and $0.13/kWh off-peak commercial charging. Commercial insurance models Level 4 autonomous fleet underwriting.
04 · Path to Payback

Cumulative cash flow & scenario analysis

Cumulative net cash flow against total capital deployed ($355,000 for 10 vehicles), modeling a three-month utilization ramp (50% → 70% → 90% of steady state). Base case achieves 100% capital return in ~9.5 months.

Cumulative Fleet Net Cash Flow (Months 0–24)

Dots indicate the exact month cumulative net cash crosses initial capital deployed
View Quarterly Cash Flow Table
Month Conservative Base Case Aggressive
05 · Sensitivity Stress-Test

Stress-test the model

Adjust key operating levers to evaluate return resilience under varied pricing, utilization, and insurance conditions.

Reset to Base Case
9.5 mo Return of Capital (Ramp-Adjusted)
Matches base case
138.8% Annual Cash-on-Cash ROI
118.8% after depreciation
$41,067 Fleet Net Cash / Month
Steady-state operational flow
$492,804 Net Cash Flow / Year
Fleet of 10 Cybercabs
06 · Risk Disclosures

Risk factors & mitigation

A transparent summary of operational, platform, and regulatory considerations influencing pro-forma performance.

  1. Regulatory Permitting Timing: Commercial driverless passenger service in California requires DMV and CPUC carrier authorization. Launch schedules align with municipal autonomous operating zones.
  2. Platform Dependencies: Pro-forma figures assume Cybercab delivery timeline and unsupervised autonomous software capabilities meet manufacturer volume production targets.
  3. Network Commission Structure: The 25% autonomy network split is a model assumption. Our calculator illustrates resilience up to 35% commission.
  4. Commercial Insurance Underwriting: Commercial Level 4 insurance markets are maturing. We model $600/month/vehicle; sensitivity testing covers up to $1,200/month.
  5. Utilization Ramp: 245 paid miles/day is steady-state. Months 1 to 3 are discounted to 50%, 70%, and 90% utilization to ensure ramp-adjusted payback accuracy.
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07 · Registration

Register investor interest

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