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

Información del proyecto

TaxiDriver

Identificador del acuerdo de subvención: 862780

DOI

10.3030/862780

Proyecto cerrado

Fecha de la firma de la CE 24 Mayo 2019

Fecha de inicio 1 Mayo 2019

Fecha de finalización 31 Agosto 2019

Financiado con arreglo a

• INDUSTRIAL LEADERSHIP - Innovation In SMEs

Coste total

€ 71 429,00

Aportación de la UE

€ 50 000,00

Coordinado por

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)

Período documentado: 2019-05-01 hasta 2019-08-31

Resumen del contexto y de los objetivos generales del proyecto

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.

Trabajo realizado desde el comienzo del proyecto hasta el final del período abarcado por el informe y los principales resultados hasta la fecha

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.

Avances que van más allá del estado de la técnica e impacto potencial esperado (incluida la repercusión socioeconómica y las implicaciones sociales más amplias del proyecto hasta la fecha)

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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