The EU platform to reinforce traditional taxi drivers and face the challenging competition of digital era

Projektinformationen

TaxiDriver

ID Finanzhilfevereinbarung: 862780

DOI

10.3030/862780

Projekt abgeschlossen

EK-Unterschriftsdatum 24 Mai 2019

Startdatum 1 Mai 2019

Enddatum 31 August 2019

Finanziert unter

• INDUSTRIAL LEADERSHIP - Innovation In SMEs

Gesamtkosten

€ 71 429,00

EU-Beitrag

€ 50 000,00

Koordiniert durch

NERD DEVELOPMENTS ZARTKORUEN MUKADO RESZVENYTARSASAG
Hungary

Periodic Reporting for period 1 - TaxiDriver (The EU platform to reinforce traditional taxi drivers and face the challenging competition of digital era)

Berichtszeitraum: 2019-05-01 bis 2019-08-31

Zusammenfassung vom Kontext und den Gesamtzielen des Projekts

Platforms for registered taxi drivers suffer a competitive disadvantage struggling to offer the same flexible/affordable services as Uber-like solutions, while they need to ensure full commitment with laws/regulations. TaxiDriver, is a pioneering fully branded e-hailing solution and mobile app for traditional taxi companies, enabling them to boost their activities via a global Taxi Alliance, while maintaining their brand identity. Taxi companies are our customers, taxi drivers and the entire range of citizens (drivers, commuters, families, elderly, tourists) our end-users. We will help taxi companies to efficiently compete with e-hailing companies, while passengers
will get lower cost/trip, enhancement of the safety feeling and unified taxi services regardless the location. Objectives of the FS where to develop a technical, commercial and financial viability check, determine tasks to be done and update our business model with the relevant findings.

Arbeit, die ab Beginn des Projekts bis zum Ende des durch den Bericht erfassten Berichtszeitraums geleistet wurde, und die wichtigsten bis dahin erzielten Ergebnisse

So far we have done a PoC, developed traffic algorithm, designed /tested TwinRide option, Public Beta Testing, IPR Protection & Legislation analysis, collaborations and communications with companies and participation in events. In our Feasibility Study we determined technical developments needed and designed a detailed work plan for next steps, technical/commercial risks and a mitigation plan, an FtO analysis, and a deep market study. We also refined our commercialisation plan, did a competitive landscape analysis and developed a financial forecast.

Fortschritte, die über den aktuellen Stand der Technik hinausgehen und voraussichtliche potenzielle Auswirkungen (einschließlich der bis dato erzielten sozioökonomischen Auswirkungen und weiter gefassten gesellschaftlichen Auswirkungen des Projekts)

With 1.1 MM investment TaxiDriver expects to reach total revenues over € 10.5M with € 10M Gross Margin, € 7.1M EBITDA and a ROI of 8,34. Socio-economic impacts include:
Taxi Competitiveness Enhancement: allows taxi companies to take back their customers, always within a transparent regulations framework.
Benefits for passengers: decrease the cost/trip, enhance the safety and unify taxi services under the same umbrella regardless the location.
Gender Dimension: Women would prefer a ride-sharing or even walk, due to a feeling of insecurity. TaxiDriver drivers are legally registered and the TwinRide feature (allows checking other users/drivers via our review system) will enhance the safety feeling among users.
Reduction of Environmental Footprint: maximizing the trip efficiency (4 times lower waiting time, share a trip via TwinRide) we reduce registered taxis’ CO2 emissions.

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