BNAI · Brand Engagement Network, Inc.

Brand Engagement Network has signed a letter agreement outlining a strategic investment of up to $1 million in Accelevate Solutions, a fleet AI infrastructure provider, marking entry into the commercial fleet market. The structure includes an initial $250,000 payment to support commercialization, followed by $750,000 upon executing definitive agreements, with equity acquisition at an $8 million pre-money valuation. Key rights include warrants, a potential reseller deal, and a board seat, enhancing BEN's influence and revenue potential through AI-driven fleet engagement. The collaboration integrates BEN's Engagement Language Model with Accelevate's telematics for real-time driver coaching, safety, and operations, tapping into a sector with significant tech spend. While non-binding except for confidentiality and exclusivity, completion hinges on due diligence and negotiations, carrying execution risk. The press release highlights a new patent enabling dynamic AI actions in vehicles, positioning BEN for recurring enterprise revenue. This move diversifies BEN's AI applications beyond traditional engagement into high-impact transportation, with quotes from CEOs emphasizing real-time decision-making and operational optimization.