v3.26.1
RELATED PARTY TRANSACTIONS
 6 Months Ended
Jun. 30, 2026
Related Party Transactions [Abstract]  
RELATED PARTY TRANSACTIONS RELATED PARTY TRANSACTIONS
Uber
The Company entered into an Integration Agreement with Uber, an investor who owns greater than 10% of the Company, dated August 10, 2018, as amended from time to time and most recently amended and restated as of September 15, 2025. The Integration Agreement allows riders to access the Company’s vehicles through mobile applications distributed by Uber and/or its subsidiaries. The Integration Agreement is currently effective through December 31, 2028. The Company receives revenue for these bookings and pays Uber a service fee in exchange. The revenue recognized through the Integration Agreement consists solely of lease revenue. Service fees are recorded in cost of revenue in the unaudited condensed consolidated statements of operations. As a result of the Integration Agreement, Uber also received common stock warrants in 2018.
The total revenue earned through and related service fees charged from the Integration Agreement were as follows (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Revenue earned$39,641 $36,733 $63,391 $55,428 
Service fees paid4,944 4,248 7,583 6,395 
The Company received funding from Uber in the form of the 2020 Uber Note and as part of the 2021 Notes. On June 30, 2026, upon execution of the underwriting agreement in relation to the Company’s IPO, Uber’s portion of debt was converted into common stock. Refer to Note 8 – Convertible Notes and Term Loan for further details on Notes conversion.
The Company and Uber are also party to the Amended Warrant Agreement, as discussed in Note 10 – Warrants.
Other Related Parties
As discussed in Note 1 – Description of Business and Summary of Significant Accounting Policies, the Company issued promissory notes to certain current and former members of management in connection with the exercise of Company stock options.
The Company entered into a Note and Warrant Purchase Agreement with Andreessen Horowitz, an investor who owns greater than 10% of the Company, dated as of May 7, 2020, by and among the Company and the Lenders (as defined therein), and the convertible secured promissory note issued to funds affiliated with Andreessen Horowitz, thereunder. See Note 8 – Convertible Notes and Term Loan for additional information.
The Company entered into a Senior Secured Term Loan with Diameter, which was guaranteed by an affiliate company, dated as of October 5, 2023. See Note 8 – Convertible Notes and Term Loan for additional information.