The feasibility study addresses 3 main subjects: The Business Model; Technical Activities and Legal Activities.
Regarding the Business Model, we are looking into the market go-to strategy and the best way to expand LET Europe wide.
During the coaching sessions and the market evaluation the business model was brought to question, as well as the present electric vehicle and the need to broaden the vehicle portfolio in order to evolve to a self-service model requiring less resources and having the possibility of reaching a larger more profitable market.
Technically we addressed 3 stages: MVP; Product development plan and the scale up project.
During the Project LET has focused the technical analysis on Defining a minimum viable product addressing the key specification of the streaming system, checking it against the requirements suggested by the clients; Planning a sound product development process plan by implementing the agile development method, where, the process provides opportunities to assess the project direction throughout the development lifecycle. Two EU Cities were on the process of being contacted and the technical and economic feasibility of setting-up a pilot service at their touristic centers is being assessed; Lastly we are addressing the value chain for large scale market demand including profiling large-scale suppliers and additional external expertise needed to accomplish the product development plan outlined above.
We have also focused in establishing a sound IP management strategy and an overview of the activities needed to ensure the company freedom-to-operate.
