We believe in bringing people closer together and we are doing it with a peer-to-peer (or person-to-person) marketplace for recreational vehicle (“RV”) rentals, similar to Airbnb, but for RVs. Our features include: . A free peer-to-peer platform with no listing or hosting fees to people who want to rent out their RVs, who we designate as “Hosts.” There is a 3% processing fee paid by people who want to rent RVs, who we designate as “Guests.” We do not charge any fees to Hosts. . A complete business solution for an RV rental business, whether you have a fleet of one or 100 RVs. . Compelling value-added services that give peace of mind to the Guest and Host in every rental transaction. . A platform that is expanding rapidly with 73% growth in gross bookings and 153% growth in revenue in fiscal year 2021 over the same period in fiscal year 2020, even with the positive demand effects of the COVID-19 pandemic having waned. In fiscal year 2020, our gross bookings grew more than sixteen-fold, and our revenue grew more than four-fold, from fiscal year 2019, primarily due to the positive effects of the COVID-19 pandemic on the demand for RV rentals. Gross bookings represents the dollar value of bookings on our platform in a period and is inclusive of Host earnings, service fees, cleaning fees, and taxes, net of cancellations and alterations that occurred during that period.
