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Problem: Taxis are Too Expensive
FHV
Social Transit Connecting passengers to create the future of urban - - PowerPoint PPT Presentation
Social Transit Connecting passengers to create the future of urban - - PowerPoint PPT Presentation
Social Transit Connecting passengers to create the future of urban transportation 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
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Solution: RideBatch Platform
Bandwagon Mobile (to hub) HOP Lane (from hub) Bandwagon’s RideBatch Server is a powerful, configurable, transportation software platform. Full patent for ‘batch-based queueing’ filed. RideBatch Server
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Product: Bandwagon Mobile
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Product: HOP Lane
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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.
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Solution: HOP Lane
HOP Lanes reduce passenger wait time by matching passengers with complimentary destinations.
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Solution: HOP Lane
Passenger destinations are ‘announced’ on the departures board. Sharing passengers meet in a dedicated ‘HOP Lane’.
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Solution: HOP Lane
Passenger destinations can be ‘collected’ with a digital tablet by a line manager.
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Solution: HOP Lane
When complimentary destinations are identi- fied, sharing passengers are announced, and meet one another in the HOP Lane.
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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.
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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 fnd 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.
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Market: $9B US Wasted $2B $3B NYC FHVs (500,000 daily trips)
FHV
$1B Used
1 passengers/vehicle 2 empty seats/vehicle
$0.4B Addressable $1.6B Unrecoverable
New York City residents pay $3B for FHV service annually. The total annual US market for FHV trips is $9B.
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FHV
$40 $24 $24 + = + $24 $48 $4 $44 $16 Business Model: Sell Empty Seats Per passenger savings New Ride Cost Initial ride cost and driver revenue New driver revenue Bandwagon revenue
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.
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Competition
Bandwagon is the least expensive, most convenient shared FHV solution. Convenience Savings
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Customer Acquisition & Retention
Bandwagon is using HOP Lane to acquire immense passenger throughput through transportation hubs. Smart Pricing & Referral Pricing HOP Lane
9,000 customers book for-hire vehi- cles from LGA every day Acquire custom- ers when they have a transportation problem Highest visibility Guaranteed savings in high trafficked corridors Guaranteed savings during peak de- mand Reinforcing travel patterns Targeted expansion Borrow trust High visibility High need for event transportation solu- tions
Event & Org Partnerships
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Traction
Customers Partners Press & Awards
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Advisors Lou Riccio, Former NYCDOT Commissioner Jeff Smith, Former Managing Partner at Cravath Swaine and Moore David Mes, Managing Partner at Arc Venture Partners
Team
Daniel Luxemburg, CTO Social Media, Startups NYSDOT, Skedj, Harvard David Mahfouda, CEO Design, Social Movements R/GA, Fixers Collective, Harvard
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e: david@bandwagon.io t: @HiBandwagon Contact
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Corridors & Desire Paths
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Mobile Design Mobile specs
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HOP Lane Overview
WE'D LOVE TO HEAR FROM YOU!
Email / Phone Feedback
For more info, please visit us at bandwagon.io Or write us at info@bandwagon.io
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.
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 frst drop-
- f. Remember that NYC taxis
do not yet allow passengers to split fares with credit cards.
Before share During share After share
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HOP Lane Overview
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