Company: ARAI
Filing Date: 2025-01-27
Form Type: S-1/A
Source: 0001493152-25-003660
Chunk: 84

Company: Arrive AI Inc.
Filing Date: 2025-01-27
Form: S-1/A
Chunk 84
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 currently in development and the first phase of demonstration has been                                                  
 completed with a prospective Fortune 500 logistics customer, featuring reverse                                                     
 logistics, and domain-specific AI-Chat capabilities in 2025. The second phase of this                                              
 development has yet to be agreed to by the customer, The terms for phase-2 have yet to be                                          
 established. We anticipate that the phase-2 terms, if and when they are established, will                                          
 include the nature of the customer’s pilot operations, specify the work to be performed                                            
 by both parties (SOW), and outline where our services will be used, which we anticipate to                                         
 be a large Assisted Living Community. The terms will also detail the services Arrive AI must                                       
 provide and they establish initial pricing. All terms are subject to change as both parties                                        
 gain insight into the actual economics, benefits, and sustainability of this initial pilot                                         
 engagement. The customer may cancel the engagement and terms at any time.                                                          |
| ○ | Development                                                                                                                        
 of AP5, our comprehensive “universal” solution supporting all drone and robotic delivery operations, with development starting     
 no sooner than 2025. At this time we have not engaged any customers or third-parties to participate in, or utilize, these advanced 
 capabilities that have yet to be introduced.                                                                                       |

Our path to profitability relies on achieving product-market fit, for the growing number of ALM automation operators and the businesses seeking to use ALM automation for delivery savings and improved customer experience. We will be able to meet their needs after the successful development and deployment of AP3, AP4, and AP5 (our 3 rd, 4 th, and 5 thgeneration of ALM Access Points), which will provide universal support for all autonomous delivery systems. Once AP5 is achieved, we can pursue broader market adoption beyond pilot programs to generate scalable and sustainable revenue growth. While we believe in our development plans, and are optimistic that we can continue to achieve them, there is no guarantee that we will achieve product market fit or be successful in our commercialization, development, or planning.

On December 5, 2023, the Company acquired certain assets of AirBox Technologies (“AirBox”), in an all-stock transaction. In addition to certain tangible assets, the acquisition includes AirBox’s patent portfolio, which Arrive believes will broaden the capabilities of its high-tech mailbox system designed for autonomous and conventional package delivery. In addition to acquiring the above mentioned assets, AirBox’s CEO Brandon