Social Transit. Connecting passengers to create the future of urban transportation

Transcription

1 Social Transit Connecting passengers to create the future of urban transportation

2 Problem: Taxis are Too Expensive Taxis are too expensive, and often unavailable when you most need them. $40 spent FHV $26 wasted $14 used 2 empty seats/vehicle 1 passengers/vehicle

3 Solution: RideBatch Platform Bandwagon s RideBatch Server is a powerful, configurable, transportation software platform. RideBatch Server Bandwagon Mobile (to hub) HOP Lane (from hub) Full patent for batch-based queueing filed.

4 Product: Bandwagon Mobile

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6 Product: HOP Lane

7 Problem: Passenger Wait Time Taxis are often unavailable when passengers most need them, because taxis aren t fully utilized. This can result in lengthy queues and poor customer serivce for passengers.

8 Solution: HOP Lane HOP Lanes reduce passenger wait time by matching passengers with complimentary destinations.

9 Solution: HOP Lane Passenger destinations are announced on the departures board. Sharing passengers meet in a dedicated HOP Lane.

10 Solution: HOP Lane Passenger destinations can be collected with a digital tablet by a line manager.

11 Solution: HOP Lane When complimentary destinations are identified, sharing passengers are announced, and meet one another in the HOP Lane.

12 Ridebatch Parameters HOP Lane guarantees passengers that their routes won t deviate by more than 15% after sharing their ride. This route-deviation parameter and many others are configurable by transportation hub operators.

13 Passenger Education HOP Lane has a complete educational package, that keeps new users informed about what to expect when sharing their ride. Want to get home faster? You can hop the line with HOP Lane, if you share your yellow taxi with another party. We ll match you up. HOP Lane helps you find the best party to share your yellow taxi with, based on your destination. We re mobile. You can also use the HOP Lane by downloading our app, Bandwagon, and posting your destination directly. There s no need to wait. With HOP Lane, you ll pay half the fare, and you don t have to wait around for a shared ride if you don t want to. Talk to our line manager. Just give your name and destination to a HOP Lane manager, and wait in line until your ride is called.

14 Market: $9B US New York City residents pay $3B for FHV service annually. The total annual US market for FHV trips is $9B. NYC FHVs (500,000 daily trips) $3B FHV Wasted $2B $1B Used 2 empty seats/vehicle 1 passengers/vehicle $1.6B Unrecoverable $0.4B Addressable

15 Business Model: Sell Empty Seats Bandwagon purchases trips from FHV providers and resells these trips as individual seats. Bandwagon captures at least 10% of the fare for each shared trip it creates. Initial ride cost and driver revenue $40 FHV $44 New driver revenue $16 Per passenger savings $4 Bandwagon revenue New Ride Cost $24 + $24 + $24 = $48

16 Competition Bandwagon is the least expensive, most convenient shared FHV solution. Convenience Savings

17 Customer Acquisition & Retention Bandwagon is using HOP Lane to acquire immense passenger throughput through transportation hubs. HOP Lane 9,000 customers book for-hire vehicles from LGA every day Acquire customers when they have a transportation problem Highest visibility Smart Pricing & Referral Pricing Guaranteed savings in high trafficked corridors Guaranteed savings during peak demand Reinforcing travel patterns Event & Org Partnerships Targeted expansion Borrow trust High visibility High need for event transportation solutions

18 Traction Customers Partners Press & Awards

19 Team David Mahfouda, CEO Design, Social Movements R/GA, Fixers Collective, Harvard Daniel Luxemburg, CTO Social Media, Startups NYSDOT, Skedj, Harvard Advisors Lou Riccio, Former NYCDOT Commissioner Jeff Smith, Former Managing Partner at Cravath Swaine and Moore David Mes, Managing Partner at Arc Venture Partners

20 Contact e:

21 Corridors & Desire Paths

22 Mobile Design Mobile specs

23 HOP Lane Overview Before share During share After share HOPLANE HELPS YOU SHARE A TAXI We help passengers get into New York faster, cheaper, and with a smaller carbon footprint. Passengers who get matched will be able to split the cost of their ride and hop forward in line. WE'D LOVE TO HEAR FROM YOU! / Phone Feedback HOW YOU PAY You ll need to talk with the person you re sharing with about how to split the fare we recommend splitting the ride 50/50 to the first dropoff. Remember that NYC taxis do not yet allow passengers to split fares with credit cards. For more info, please visit us at bandwagon.io Or write us at info@bandwagon.io

24 HOP Lane Overview

25 Bandwagon Advertising