/C O R R E C T I O N -- Nexar/

In the news release, Nexar Names Jayesh Patel as Chief Financial Officer to Support Rapid Growth and Scale, issued 20-May-2025 by Nexar over PR Newswire, we are advised by the company that the sub-headline, should read "Appointment Follows Major Strategic Milestones Including New CEO, Key Partnerships with Waymo, Lyft, NVIDIA, and Voyager Global Mobility (VGM)" rather than "Appointment Follows Major Strategic Milestones Including New CEO, Key Partnerships with Waymo, Lyft, NVIDIA, and Vehicle Global Management (VGM)" as originally issued inadvertently. The complete, corrected release follows:

Nexar Names Jayesh Patel as Chief Financial Officer to Support Rapid Growth and Scale

Appointment Follows Major Strategic Milestones Including New CEO, Key Partnerships with Waymo, Lyft, NVIDIA, and Voyager Global Mobility (VGM)

NEW YORK, May 20, 2025 /PRNewswire/ -- Nexar, a leader in AI-powered mobility solutions, today announced the appointment of Jayesh Patel as Chief Financial Officer. Patel will now oversee all aspects of finance, accounting, strategic planning, and corporate development as Nexar accelerates its growth trajectory.

Patel joins Nexar at a pivotal time. Over the past six months, the company has announced a series of major milestones, including the appointment of Zach Greenberger as Chief Executive Officer and Luc Vincent as Chief Research and Development Officer. Nexar has also forged strategic partnerships with Waymo to enhance safety validation for their AV models; with NVIDIA to advance the training and simulation of NVIDIA Cosmos; with Voyager Global Mobility (VGM) to expand Nexar's connected vehicle platform across large fleets; and with HDVI to bring AI-powered solutions to insured commercial fleets.

"Nexar is entering a phase of rapid growth and strategic expansion, and building the right leadership team is essential to realizing our vision.," said Zach Greenberger, CEO of Nexar. "Jayesh brings the financial expertise, operational discipline, and strategic mindset that will help take Nexar to the next level. With his addition, we're deepening our ability to scale with precision and deliver lasting impact across the mobility ecosystem."

Patel brings more than 20 years of financial and commercial leadership experience across technology, mobility, and high-growth companies including Hertz and global management consulting and technology firm ZS. He has successfully scaled strategy, finance, and commercial organizations through rapid expansion, overseen transactions, and led strategic initiatives that drive long-term value.

"Nexar is entering an exciting new chapter, and I'm proud to be a part of it," said Patel. "The company's momentum, leading technology platform, and talented team are undeniable. I look forward to helping Nexar build on its strong foundation and drive long-term growth and impact."

Patel's appointment comes as Nexar continues to expand its vision for a smarter, safer, and more connected mobility future, leveraging AI, computer vision, and the largest open network, real world driving data set in the world.

About Nexar
Nexar turns cars into vision sensors to understand the world. Its platform powers vision-connected services and apps at scale, making new vision-based applications for better driving powered by a crowd-sourced vision feed. Using anonymous, aggregated data captured from this network, Nexar has developed a portfolio of vision-based data services for the autonomous vehicle industry and public and private sector partners to make roadways safer and more efficient. More information at https://www.nexar-ai.com/.

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SOURCE Nexar