Investment Proposal for the Smart Dating in a Taxi Project
https://smartdatingtaxi.blogspot.com/2024/07/project-name-smart-dating-in-taxi.html?m=1
Overview:
Smart Dating in a Taxi is a unique platform that solves carpooling with electric grids, providing savings for passengers and increased income for drivers. The platform provides passengers with a 40% discount on fares when they travel with others on the same route, while drivers offer to increase their income by 20%-140%. This innovation is especially relevant in Europe and due to its trends, the constant increase in transportation costs and the growing demand for efficient and affordable transport solutions.
Main goal: Under the guise of a ready-made, proven unique marketing move for passengers, reduce the cost of travel and really increase the driver's earnings. This will allow to say more than 1 million drivers in one joint-stock company, which will reduce the tax burden on drivers and create a 100% monopoly. The overwhelming majority of drivers want to earn more and spend less.
This video reveals more than what is written:
https://youtu.be/uav7KYkK92Q?si=eGFqXs8tQYzq2Z0j
Car Sharing Project Business Plan
Summary
Our mobile app provides a solution for passengers and drivers, allowing for savings of up to 40% on rides for passengers and increased workload of up to 140% for drivers. The app operates on a unique financial model where we take a 5% commission for each month. This ensures profitability for all parties – drivers, passengers and the government, who benefit from increased tax revenue from drivers.
- For passengers: save up to 40% on additional costs compared to other services.
- For drivers: Increase your earnings up to 140% thanks to a unique formula and participation in a joint-stock company.
- For the government: receiving benefits from increased tax revenues from the income of legal drivers.
The global car-sharing app market is growing steadily in Europe and the US, especially among students, environmentally conscious citizens and LGBTQ+ communities, who often seek safe and exclusive services. Facebook alone has more than 300 million active users in Europe and the US, with 1% of users actively using car-sharing apps, according to experts.
- Students: frequently use transportation services and look for affordable options.
- LGBTQ+ Community: Looking for exclusive and safe services.
- Discount platform users: attract discounts on trips up to 40%.
We take a 5% commission on every ride, which ensures a steady income. We also provide drivers with premium features, such as access to priority orders, and partner with discount platforms, giving passengers discounts of up to 40%.
Based on the behavior of users such as students and LGBTQ+ community members who regularly use taxi services (at least twice a day), we predict:
- 33,000 active users in the first year.
- Each user makes 480 visits per year.
- In total, this amounts to 15,840,000 cases per year.
With an average fare of $10 per trip and a 5% commission:
- 15,840,000 visits x $10 x 5% = $7,920,000 US revenue for the first year.
- EBITDA: $5,920,000 (after marketing and operating expenses).
- ROI (Return on Investment): With a group investment of $1 million and group revenue of $7,920,000, the projected return on investment is 692%.
- IRR (internal rate of return): expected economic growth over the next 3-5 years.
- Competition: Our unique pricing model and shareholder engagement plan give us a competitive advantage.
- Marketing Addiction: We will focus on long-term partnerships and active engagement with the target demographic.
The passenger-side platform is currently 70% developed, and the remaining functionality will be completed by our experienced development team once we receive your investment. Full deployment is expected within four months. Our back-end infrastructure is robust, and the remaining driver-facing features are improvements. We have already integrated user and driver rating and feedback systems into the passenger-side interface.
We differentiate ourselves by offering a unique element of social interaction that competitors like Uber and Bolt cannot offer. Additionally, our focus on 40% savings for riders and up to 140% increase in driver earnings gives us a significant advantage. We have identified a gap in personalized ride sharing, and our strategy is to capitalize on this through targeted marketing, strong partnerships, and competitive pricing.
Key benefits for all stakeholders:
For passengers:
Guaranteed 40% savings: Riders pay just 60% of the standard rideshare price compared to other services like Uber and Bolt.
Personalized social experience: Passengers can choose travel companions based on common interests, making every trip more comfortable and safe.
Accessibility for all: The platform supports passengers with disabilities by providing inclusive and safe transportation options for everyone.
For drivers:
Significant increase in income: Drivers can earn 20-140% more per trip compared to traditional ride-hailing services. This is achieved through route optimization, lower commissions (as low as 5% per trip) and multiple passengers per trip.
Legal and financial stability: The app integrates with local tax systems, allowing drivers to register as legal entities and taxpayers, which contributes to their financial stability.
Cost-effective operation: The platform provides drivers with access to bulk purchases of fuel, spare parts and tires at reduced prices, which reduces operating costs and increases profitability.
For governments:
Increased tax revenue: By formalizing the driver registration process and providing automatic tax deductions, smart taxi dating helps governments generate tax revenue that might otherwise be lost through informal taxi services.
Environmental benefits: The car-sharing model reduces the number of vehicles on the road, helping to reduce emissions and helping cities achieve their sustainability goals.
For business:
Scalable B2B solutions: The platform can be integrated with enterprise mobility services, offering companies solutions for mass vehicle sharing, reducing transportation costs and increasing efficiency.
Brand Awareness: Partnerships with companies, in-app advertising, and in-app promotions provide companies with targeted advertising opportunities that reach millions of potential customers.
Market Opportunities and Scalability:
Target market:
Ukraine (population 40 million): With major cities like Kyiv already showing high demand for more affordable transportation, there is a large, underserved market. Cities across Ukraine are home to over 25 million people, making it an ideal launch market.
Entering European and Scandinavian markets: With the European ride-sharing and carpooling market set to grow by 16.6% per year until 2028, the smart taxi dating service is well positioned to grow rapidly in countries where carpooling is encouraged and supported by government policies.
Competitive advantage:
Unlike Uber and Bolt, which focus solely on logistics, Smart Dating in a Taxi offers a socially integrated carpooling experience. By focusing on reducing costs for passengers and increasing revenue for drivers, our platform will quickly capture market share.
Successful testing:
The application has already been successfully tested in Kyiv, receiving only positive feedback from users. This demonstrates the readiness of the market and opens the way to scaling in other major cities of Ukraine and Europe.
Revenue model:
Per Trip Fee: We charge a modest 5% per trip fee, significantly lower than traditional taxi booking services, resulting in savings for passengers and increased driver satisfaction.
Premium Features for Drivers: Paid features such as priority placement on trips, access to bulk fuel and auto parts purchases, and legal support services generate additional sources of income.
Partnerships and Advertising: Our partnership with Pokupon (4 million users) allows us to offer discounts to users, increasing demand while providing in-app advertising opportunities for partner companies.
Financial forecasts:
We forecast revenue of $3 million in the first year, based on an expected 10,000 daily active users in five major cities in Ukraine. These users will generate an average of $100 per month through ride fees, premium driver services, and wholesale sales of fuel and spare parts.
With low operating costs and strong demand from both riders and drivers, we expect to break even within 12 months of launch. A 5% commission ensures a steady stream of income from each completed ride.
By year two, we expect to expand to additional cities and countries in Europe and Scandinavia, increasing our user base and driving revenues beyond $10 million. As brand awareness grows, operating costs will stabilize, leading to even greater profitability.
To achieve these goals and quickly scale the platform, we are seeking investment of $40,000. The investment will be distributed as follows:
Marketing and User Acquisition: $30,000 for targeted driver and rider acquisition campaigns in new markets.
Technical development and support of the platform: US$30,000–40,000 to complete the development of the driver-side platform, improve algorithms and expand functionality.
Team Expansion: $20,000 to hire additional developers, marketers, and customer support staff.
Operating Expenses: $10,000 for administrative expenses and regional expansion.
Why Invest in Smart Taxi Dating?
Innovative, scalable solution: Our unique combination of social integration, cost savings and increased driver income sets us apart from traditional ridesharing platforms, offering huge potential for rapid growth in underserved markets.
Proven market demand: successful testing in Kyiv showed high demand for our services, and we are ready to scale this solution throughout Ukraine and abroad.
Clear Revenue Model: With diversified revenue streams from commissions, premium services and partnerships, Smart Dating in a Taxi is designed for long-term profitability.
Sustainability and Compliance: The platform promotes environmental sustainability and increases tax revenue by formalizing the ride-sharing economy.
Attractive Returns: Given the scalability of the platform, we expect investors to see returns within 12-18 months, as well as potential for high growth as we expand into new regions.
We believe Smart Dating in a Taxi is a very attractive investment opportunity with a clear path to profitability and long-term growth. Here’s how we plan to deliver a significant return on your investment:
First 12-18 months:
User acquisition and market penetration: Through our strategic partnerships (e.g. Pokupon) and low-cost marketing efforts, we expect rapid user growth in major cities in Ukraine, allowing us to scale effectively.
Revenue Growth: Our conservative estimates point to $5 million in revenue in the first 12 months, driven by low-cost operations, a competitive pricing advantage, and the huge size of our addressable market. We expect to see a return on investment (ROI) within the first 12-18 months as operating expenses stabilize and user retention increases.
2-5 years:
Expanding into Europe and Scandinavia: Following our successful entry into the Ukrainian market, we will focus on expanding into Europe and Scandinavia, regions with growing demand for ride-sharing services. By offering significant savings for passengers and increased revenue for drivers, we will capture market share from competitors such as Uber and Bolt.
Expanding services and diversifying revenue: Over time, we will introduce additional services, including corporate rides on public transport, electric vehicle partnerships, and even data analytics services for local governments to improve urban mobility.
Revenue Potential: By the end of year five, we project revenue in excess of $100 million, with opportunities to expand into new industries and use our platform to provide additional services.
We have identified potential risks and developed strategies to mitigate them:
While competitors like Uber and Bolt have a strong market position, our 40% discount for riders and higher driver earnings (up to 140%) are a compelling alternative. We focus on user experience and cost efficiency, ensuring that we attract both riders and drivers at a higher rate.
Social media integration and low commission (5%) set us apart from others, making the platform not just a transport service, but a socially engaging experience.
Expanding into new regions often comes with regulatory challenges, especially around local laws and tax regulations. Smart Dating in a Taxi reduces this risk by integrating tax and legal compliance features, allowing drivers to register as legal entities and automatically report taxes. Our proactive approach ensures compliance with all local regulations from the start.
Delays in technology development may impact scaling. However, we have an experienced development team and a clear roadmap to complete all features. The driver-side platform is already in development, and our technical completion timelines are realistic and well-planned.
As the world moves towards sustainable mobility, Smart Dating in a Taxi is at the forefront of this transition. Our car sharing model helps reduce the number of vehicles on the road, significantly reducing carbon emissions. In addition, the platform encourages the use of electric vehicles through partnerships with manufacturers, promoting a greener future.
Inclusion and accessibility are also key components of our vision. Smart Dating in Taxi provides features that ensure passengers with disabilities can travel safely and comfortably, further expanding our market and promoting social responsibility.
Brief description of the benefits for investors:
High ROI within 12-18 months: Early investment will generate significant returns thanks to our aggressive growth strategy and low operating costs.
Scalable business model: Our multi-channel revenue streams (commissions, premium services, partnerships) ensure profitability and long-term sustainability.
Unique Market Position: No other platform combines ride sharing, social networking and legal compliance like Smart Dating in a Taxi, giving you a significant competitive advantage.
Environmental and Social Responsibility: As governments and consumers become increasingly environmentally conscious, our platform's focus on sustainability will attract users and align with global trends.
Potential exit options: Our ambitious growth plans and proven market appeal provide investors with attractive exit options within 3-5 years, either through acquisition or IPO.
Next steps:
We are eager to move forward and discuss potential investment terms in detail. We believe that Smart Dating in a Taxi has the potential to revolutionize the ridesharing market and deliver strong returns for investors. By addressing key pain points for riders, drivers and governments, we are creating a platform that will not only be financially successful but will also have a positive social and environmental impact.
Please let us know when you would like to schedule a meeting to discuss this matter further. We will be happy to provide any additional documentation or data to support your decision.
Sincerely,
Yuri Potsiluev
Founder and CEO
Smart Taxi Dates
Comments
Post a Comment