Frenzi: Revolutionizing the Ride-Sharing Landscape

Dear Investors,

As we drive forward with Frenzi's mission to reshape the ride-sharing industry, we want to take a moment to thank you for your invaluable support. Your belief in Frenzi has been a cornerstone of our progress, and we're excited to share updates on our journey as we head into 2025 and beyond.

A Fairer, Transparent Ride-Sharing Model

Our commitment to fairness and transparency sets Frenzi apart. With a flat 57p per ride for drivers and no unpredictable surge pricing for riders, our model is built to keep costs low and satisfaction high. This unique approach prioritizes drivers' earnings and customer trust, fostering a loyal and engaged community on both sides of the app.

Rapid Growth & Key Partnerships

Thanks to our groundbreaking partnership with the GMB Union, we’re positioned to become a leading choice for UK drivers. With access to over 110,000 unionized drivers, this collaboration has accelerated our driver base, with over 10,000 drivers already in the onboarding process. With the Rider App set to launch in December, our driver supply will be well-matched with demand, ensuring a seamless user experience from day one.

Strategic Expansion & Regional Success

Our growth across key regions, particularly in Yorkshire cities like Leeds, Bradford, and Wolverhampton, has created a solid foundation for our upcoming Rider App launch. Our expansion goals are ambitious yet attainable: by the close of 2025, we aim to reach over 60,000 drivers across the UK, positioning Frenzi as a significant force in the market.

Key Milestones on the Horizon

Here's what’s in store for Frenzi’s journey and what you can look forward to:

• 2024 Q4: Rider App final testing in key areas such as Leeds, Bradford, Selby, and Wolverhampton, focusing on regions with a strong driver base. Followed by full launch.

• 2025 Profitability Goal: First profitable month projected by August 2025, driven by consistent growth in both drivers and riders.

• Delivery Service Launch (Q2 2026): We’ll be entering the delivery market, diversifying our offerings and reaching new customer segments.

  
  

Growth Opportunities in a Booming Industry

The UK ride-sharing market, valued at £6.5 billion in 2022 and expected to grow by 11% annually through 2027, presents an incredible opportunity for Frenzi. With government policies promoting green transportation and a rising demand for eco-friendly travel options, Frenzi’s model is perfectly aligned with future needs, offering both financial and sustainable returns.