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Mobile taxi-aggregator

Ukraine, Kyiv city
Market: Internet and IT, Transport, Services, Artificial Intelligence, Mobile applications
Stage of the project: Prototype or product is ready

Date of last change: 21.06.2019
Min investment
$  5.000
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Total required
$ 30.000
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Idea

We see this market as a place of inconvenience and lack of centralized knowledge base (If you ever opened 2 taxi apps simultaneously - you definitely got the idea). This should be changed. We believe that our product will push services to the point of a fair competition where they will reduce prices in order to compete. We also plan to function as a marketplace for small taxi companies to allow them to fairly compete with market giants. This way, riders will access the lowest possible prices
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A single app will change the whole market in the future.

Current Status

Currently, our team is contributing to this project on a voluntary basis which means that the service operates almost at zero-cost. We spent a tiny bit of cash on the domain name, website and when publishing the app on the App Store.

Problem or Opportunity

We are a fresh-born startup that is oriented on a ride-hailing market. We are solving the problem of an unclear competition between ride-sharing services like Uber, Lyft, etc. by allowing our customers to quickly compare the prices for the ride in one single app.

Solution (product or service)

Company provides its customers with the ability to see prices for all regional-available cab services. We also plan to implement a lot of other unique features like price prediction (ML/AI based), bonuses through gamification and comparator for drivers (in order to cover both riders’ and drivers’ market segments).

Competitors

Bell-hop - https://bellhop.app/
RideGuru - https://ride.guru/
It is also worth mentioning that our app can potentially provide access not only to cabs but also to other transportation services such as bike- and scooter-sharing.

Advantages or differentiators

Our team has been changing for quite some time (except for the founders who have both studied and working together despite living in different countries). However, currently, our team members have been working on this project for free for almost half a year with maximum dedication. (Vitalii is working on app development, Vladislav will analyze the information once we have enough data to process). These people are doing their jobs not for the money but to self-realize by creating this product.

One of the key factors about our team is that we ourselves are part of the target audience. We ride taxi frequently and we know about the problems of this market and we know that nobody has created a convenient solution for this problem. We know that there are people like us creating is a demand for such a product and we will deliver it to the world!

Money will be spent on

Building apps for iOS and Android platforms and launching a marketing campaign.
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Idea
Current Status
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Solution (product or service)
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Advantages or differentiators
Finance
Invested in previous rounds, $
Business model
Money will be spent on
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Team or Management
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