01
Platform
Autonomy and demand
The platform partner provides the driving system, rider marketplace, dispatch, and customer account.
Austin, Texas 30.2672° N
The operating layer for autonomous mobility.
Lantern Fleet is building the asset ownership, charging, maintenance, and local execution infrastructure behind autonomous ride-hailing.
Infrastructure for the autonomy economy
OwnershipUptimeLocal operations
Built to partner with
Autonomy platformsFleet lendersCharging partnersInsurersMobility investors
01
The operating thesis
Own the physical fleet.
Integrate with the platform.
The credible path is not another consumer ride-hailing app. It is a disciplined local operating company that gives autonomy platforms, lenders, and infrastructure partners one accountable fleet counterparty.
02
Lantern Fleet
Assets and operations
We own or lease the vehicles and execute charging, cleaning, maintenance, uptime, and local safety operations.
03
Capital
Milestone financing
Pilot equity absorbs startup risk. Asset facilities fund delivered vehicles after operating gates are met.
Financeable by designIdentifiable collateral, measurable operating covenants, and staged capital release.
02
Illustrative base case
Economics built for
measured scale.
Model statusBase case v1.0
100-vehicle annual EBITDA
$1.32MSteady-state illustration before taxes
Gross bookings$9.19M
Cash after vehicle debt$0.51M
Corporate DSCR1.62x
Core assumptions
150 paid mi/day$1.75 per paid mi25% platform fee30% deadhead
Commercial terms, insurance, vehicle availability, and operating performance require written validation. This is not a forecast or offer of securities.
03
Capital architecture
Match the capital
to the risk.
Equity proves the system. Debt finances delivered, operating assets only after the data supports it.
01 / Pilot equity
$1.00MFunds a 10-vehicle pilot, charging equipment, deposits, launch costs, and working capital.
Absorbs startup risk
02 / Asset facility
$0.32MConditional vehicle financing released after access, insurance, and performance gates are satisfied.
Funds proven assets
Deployment system
Prove. Pilot. Scale.
Each phase earns the right to enter the next.
01
Proof
5 vehicles
Initial validationConfirm depot workflow, charging cadence, cleaning standards, maintenance response, and incident procedures.
02
Pilot
10 vehicles
90-day gateReplace modeled assumptions with weekly fleet data and establish repeatable operating benchmarks.
03
Scale
100 vehicles
10 to 25 per trancheRelease growth capital while safety, uptime, utilization, and debt-service thresholds continue to hold.
Building in Austin
A focused team for a physical, operational problem.
Will DeaneDan Sutera
Lantern Fleet is completing its Wyoming formation and building its first operating footprint in Austin. We are opening conversations with the partners who can help prove the model.
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