Periodic Reporting for period 1 - IVObility (Revolutionizing ground-handling procedures and increasing airport efficiency, economy, and safety)
Periodo di rendicontazione: 2019-12-01 al 2020-03-31
Technological viability has been confirmed, with a clear roadmap to reach TRL9, including identification of the technological risks and relevant mitigation measures. As such, to finalize the technical development BG Robotics will need to (i) optimize the neural network system; (ii) finalize the final IVObility prototype development, along with its validation with early customers; (iii) scale-up the production; and (iv) acquire the necessary certification.
Commercial feasibility has also been ratified, with the multiple market segments available for IVObility identified and evaluated and dates of entry having been defined to ensure commercial success. Regulations and standards affecting not only IVObility but also our key partners and target markets have been reviewed and included in our considerations, confirming these will not be hindrances for our deployment. Finally, our supply-chain has been mapped and presented, from suppliers to stakeholders and prospective customers, as well as dissemination strategies chosen to expand the company’s customer base. The commercialization will start from Europe, before expanding first to the US and then to a global level. Moreover, this FS demonstrates that IVObility is not infringing patents or pending patent applications of other companies.
The aforementioned commercial data enabled financial feasibility study to be carried out, which has mapped the break-even date for Q4/2024 (2.5 years after the finalization of the Accelerator project).
Having carefully considered all the aspects, we confirm that our product will disrupt the GHS market, by introducing the first robotic driver, with unique characteristics able to convert any conventional vehicle to an AV. It will boost the growth of our company and enable airports to rapidly move towards automation.
Furthermore, it opens new options towards the complete automation of airports’ vehicle fleet, but it can achieve it via a highly financially conscious way while it enhances the financial and environmental foot print of the industry (efficient use of GHS vehicles can result in significant reductions in fuel consumption and CO2 emissions). By implementing our innovation to conventional vehicles we will allow them to function as normal, even in very specific conditions, such as in pandemic situations. Today, as the new Covid-19 virus has affected business activities in multiple industries all over the globe, a solution such as IVObility will allow a partial/full continuation of these activities, without putting the health of workers at risk.