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Comps & benchmarking

Sector: Mobility & logisticsStage: Seed–Series CRegion: MENA + globalMultiples: 4 selected

Which multiplesselect any — the grid, own numbers and football field rebuild

Revenue-based

Profit-based

Operating & growth-adjusted

For a Series A mobility business the AI recommends EV/Revenue NTM · EV/Gross profit · EV/vehicle. GMV and TPV multiples flatter low take-rate models; EBITDA and P/E are not meaningful while Barq is pre-profit.

Barq Mobility's own numbersthe denominators for the multiples you selected — each cited

Revenue · LTM$3.5mmour multiple 2.8xfinancials · Q2

Revenue · NTM$6.1mmour multiple 1.6xfinal model

Gross profit · LTM$2.0mmour multiple 4.9xfinancials · Q2

Vehicles1,850our multiple $5.3kops data

Enterprise value · our mark$9.8mmQ2 mark · internalvaluation history

Trading comps grid · Barq Mobilitytick to include — statistics recompute on the included set · n.m. = not meaningful (e.g. negative EBITDA), left out of the statistics

CompanyEVEV / Revenue · LTMEV / Revenue · NTMEV / Gross profitEV / vehicleGrowthSource · date

Fenixregional · KSA$49mm3.7x2.9x8.1x$8.2k110%MAGNiTT · Jun 26

Yassirregional · DZ$134mm5.3x3.0x9.5x$9.6k120%Crunchbase · Mar 26

Careem Bikeregional · UAE$29mm3.1x2.3x6.6x$6.2k85%press · May 26

Tierglobal · EU$484mm4.5x3.4x8.5x$8.0k72%PitchBook · May 26

Cabifyglobal · LatAm$370mm4.0x3.1x8.9x$9.0k60%PitchBook · Apr 26

Swvlpublic$288mm3.4x2.6x7.0x$6.9k42%filings · Q1 26

Zoomcarglobal · IN$57mm3.1x1.7x5.4x$5.2k38%filings · Q1 26

Boltscale mismatch$8.3B5.5x3.1x10.0x$9.4k55%press · Apr 26

BeAMdifferent model$860mm6.1x4.5x10.8x$12.6k90%PitchBook · Feb 26

High · 7 included5.3x3.4x9.5x$9.6k120%

75th percentile · 7 included4.2x3.0x8.7x$8.6k98%

Median · 7 included3.7x2.9x8.1x$8.0k72%

Mean · 7 included3.9x2.7x7.7x$7.6k75%

25th percentile · 7 included3.2x2.4x6.8x$6.6k51%

Low · 7 included3.1x1.7x5.4x$5.2k38%

Barq Mobilityat our mark$9.8mm2.8x1.6x4.9x$5.3k140%internal

Football fieldwhat each multiple implies for Barq Mobility's enterprise value, $mm — set percentiles × Barq Mobility's own numbers

EV / Revenue · LTM3.2x – 4.2x$11.4mm – $12.9mm – $14.8mm

EV / Revenue · NTM2.4x – 3.0x$14.8mm – $17.5mm – $18.4mm

EV / Gross profit6.8x – 8.7x$13.6mm – $16.3mm – $17.4mm

EV / vehicle$6.6k – $8.6k$12.1mm – $14.8mm – $15.9mm

$0mm$6mm$13mm$19mm$25mm

25th–75th percentile of the setset medianour marklast round post-moneyshown, excluded from blend

Calibrated range $11–18mm on 4 selected multiples across 7 comps. Our $9.8mm mark sits 14% below the low end. Suggested value: $14.8mm, with the comp set snapshot attached as evidence.Push to Valuation $14.8mm