Currently, they skew younger, tend to be more male. All of that changes as cities increased their bike and e-scooter infrastructure with protected lanes. So ridership use cases are starting to trend more toward commuting, especially in cities that we’ve been in for several years but still in many markets include a large portion of leisure and tourism matters. We believe as the category matures and the city infrastructure matures to make the services safer, usage will continue to grow in the cities that we’re in agnostic of any vehicle caps. Again, as I mentioned, we’ve seen that in some of our most mature markets both in the U.S. and EMEA. Last point on this one, I think for the sake of clarity, while we do see significant growth opportunities ahead of us, the current priority is on profitable growth and where we need to make any tradeoff decisions between growth and profitability, we’re going to seek to prove out the profitability of this model before we capture the full potential in the market.
Karen Tan: Okay, great. Thank you for taking those questions, Shane and Ben. And thank you to our investors for submitting your questions this quarter. With that, I’m going to turn it back to our operator to take any questions from our analysts.
Operator: Thank you, Ms. Tan. . Our fifth question is from the line of Tom White with D.A. Davidson. Please go ahead.
Tom White: Great. Thanks for taking my questions. A few maybe if I could. I guess just first off, can you — on the city exits, can you maybe just help us better understand kind of the scale of the impact of those exits on your financials; revenue, gross profit, EBITDA, and then also the impact on CapEx? I’m just curious what happens to the vehicles in those cities that you’re exiting? Do you kind of reposition them to other markets? Is that maybe why you’re I think you mentioned kind of minimal CapEx next year? And then I had a follow up.
Ben Lu: Hi, Tom. Thanks for asking the questions. This is Ben. So the city exits that we announced, they’re part of a strategic review that we did to help really achieve our goal of becoming self sustainable and EBITDA positive. So one of the things we looked at is looked at which cities do not have a clear path to profitability. And that included a full exit from three countries; Germany, Norway, Sweden, as well as a couple of dozen smaller midsized cities. Now these exits, Tom, are more weighted toward EMEA where we trim back from cities that have not really matured in terms of their regulatory framework. And what I mean by that is, we’re seeing unhealthy unit economics in some of these markets. But in the U.S., these exits tend to be somewhat of a small handful of our long tail cities.
So what I would say, after this global footprint, realignment, the more profitable in North America region should probably account for over 75% of our go-forward revenues. And what I noticed on our earnings call and what Shane has also noted is that most important thing to take away from this is that these market exits are estimated to increase our gross profit dollars by about roughly $10 million on an annualized basis. And in addition to that, there’s also additional OpEx savings that will come from consolidating our EMEA operations. And this is just part of that incremental 30 million to 40 million annualized run rate cost savings that we had just announced on earnings. And to your other question, Tom, about some of the vehicles and CapEx, you’re right.
