Arrive AI (ARAI) Registration Filing summary

Company overview and business model

• Focuses on developing smart, secure, and autonomous last-mile mailboxes (ALM Access Points) for package exchange between people, robots, and drones, targeting medical, assisted living, and broader logistics markets.

• Operates a Mailbox-as-a-Service (MaaS) subscription model, providing hardware, software, support, and maintenance for recurring fees.

• Plans to monetize data and insights generated by AI/ML models and charge operational platform fees for ecosystem services.

• Holds a robust IP portfolio with foundational patents and trademarks, including exclusive perpetual licenses from the CEO.

• Has not generated revenue to date; pilots and initial deployments are underway, with first recurring revenue expected in 2025.

Financial performance and metrics

• No revenue reported for 2023 or 2024; net losses were $7.3M in 2023 and $4.5M in 2024.

• Cash balance at end of 2024 was $129K, with a working capital deficit of $1.34M and accumulated deficit of $15.9M.

• Operating cash flow was negative $2.3M in 2024; company funded operations through equity issuances and crowdfunding.

• Raised $2.6M in 2024 and $1.7M in 2023 via stock issuances; continues to seek additional capital.

• Auditor issued a going concern warning due to recurring losses and limited cash.

Use of proceeds and capital allocation

• Company will not receive proceeds from the direct listing; all shares sold are by existing stockholders.

• Proceeds from prior financings have been used for R&D, product development, and general operations.

• Future capital needs include scaling production, expanding pilots, and supporting commercialization.