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Avego Overview Presentation
Avego Overview Presentation
Avego Overview Presentation
Avego Overview Presentation
Avego Overview Presentation
Avego Overview Presentation
Avego Overview Presentation
Avego Overview Presentation
Avego Overview Presentation
Avego Overview Presentation
Avego Overview Presentation
Avego Overview Presentation
Avego Overview Presentation
Avego Overview Presentation
Avego Overview Presentation
Avego Overview Presentation
Avego Overview Presentation
Avego Overview Presentation
Avego Overview Presentation
Avego Overview Presentation
Avego Overview Presentation
Avego Overview Presentation
Avego Overview Presentation
Avego Overview Presentation
Avego Overview Presentation
Avego Overview Presentation
Avego Overview Presentation
Avego Overview Presentation
Avego Overview Presentation
Avego Overview Presentation
Avego Overview Presentation
Avego Overview Presentation
Avego Overview Presentation
Avego Overview Presentation
Avego Overview Presentation
Avego Overview Presentation
Avego Overview Presentation
Avego Overview Presentation
Avego Overview Presentation
Avego Overview Presentation
Avego Overview Presentation
Avego Overview Presentation
Avego Overview Presentation
Avego Overview Presentation
Avego Overview Presentation
Avego Overview Presentation
Avego Overview Presentation
Avego Overview Presentation
Avego Overview Presentation
Avego Overview Presentation
Avego Overview Presentation
Avego Overview Presentation
Avego Overview Presentation
Avego Overview Presentation
Avego Overview Presentation
Avego Overview Presentation
Avego Overview Presentation
Avego Overview Presentation
Avego Overview Presentation
Avego Overview Presentation
Avego Overview Presentation
Avego Overview Presentation
Avego Overview Presentation
Avego Overview Presentation
Avego Overview Presentation
Avego Overview Presentation
Avego Overview Presentation
Avego Overview Presentation
Avego Overview Presentation
Avego Overview Presentation
Avego Overview Presentation
Avego Overview Presentation
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Avego Overview Presentation

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Overview of Avego Ltd.

Overview of Avego Ltd.

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  • Occasionally advances in technology enable a new phenomenon to change an industry.
    Today I’m going to talk about just such a phenomenon: shared transport.
    This product “EcoShare” is going to change the transport industry, for the better.
  • The current situation is slightly ridiculous..
    •       Drivers on their own in cars delayed on roads congested by too many cars going the same way.
    . We sit alone in our cars, cursing everyone else for causing the traffic jam
    . No one thinks that they’re part of it
    . No one does anything to fix it – what can they do?

    •     
  • •       People waiting for a bus while empty cars pass by on their way to the same place.
    . They stand at the bus praying it’ll come soon
    . We crawl past in traffic
    . The bus is stuck in traffic, caused by us in our empty cars
    . No-one can help because we don’t know who else is going the same way
  • •      Taxis pick up just one passenger, leaving another three people to wait for half an hour to get to the same place.
    . Again, people stand around waiting to ask their taxi to go to the same place someone else told another taxi moments earlier
    . The taxi driver doesn’t know any better – how could he.
    . The passing driver’s don’t know any better – how could they?
  • . Company and station car parks filled to capacity with vehicles, many of which came from the same location.
    . We rush to get into work to get a good spot
    . We circle around trying to find an empty space
    . We end up parking right beside the guy who lives next door
    . We couldn’t help it, we didn’t know any better.

    - The list goes on and on. Drivers can see this waste happening, but are powerless to do anything about it.
  • The current situation is also slightly shameful..
    + Environmentally shameful…
    . Tailpipe exhaust contains toxic pollutants, including nitrous oxides, carbon monoxide, volatile organic compounds, micro particles, sulphur dioxide and ground level ozone.
    . In fact, transport accounts for over 1/3 of all global warming pollution.
    . For instance, the average car emits 2.5 kg of carbon dioxide (CO2 ) per litre of gas.
  • Fuel Security
    . We have reached peak oil
    . Given the instability in oil nations, it is likely we face a fuel crisis in the next 5yrs
  • Some graphs by the US Gov and Association for the Study of Peak Oil and Gas predicting peak oil on or before 2010.
    [if we use this slide, we should take some commentary from http://en.wikipedia.org/wiki/Peak_oil
  • Congestion
    . UK traffic levels are forecast to rise by 17% a year,
    . leading to a 65% increase in congestion by 2010.
    . The cost in lost time to the UK is estimated at £20 billion a year.

    Since single occupancy vehicles cause so many problems, the idea of “car sharing” was born – many years ago.
    Numerous car pool and car share schemes exist, in some shape or form:
    - In Germany, some 10,000 people car share each day.
    - 1 in 10 Americans belongs to a car pool
  • The conventional wisdom is to bemoan the traffic congestion.
    Some think about managing demand by pricing the road space.
  • We see beyond the car and congested road.
  • Where other’s see a congested road, we see masses of spare capacity.
  • So, we had an idea.
    A green ecologically sounds idea.
  • There are almost 3 empty seats in every single car!
    Because of congestion charging, peak oil and climate change – the value of those seats is approaching a tipping point.
    A tipping point where drivers want to buy and sell spare seats.
  • So, what if we put a price on them?
    What if we allow drivers to sell their spare seats?
  • We imagine a market place, where spare seats have a realizable value. They can be sold and converted into hard cash.

    Our goal, for Eirlift, has been to perfect the market mix for these seats (product, price, placement, promotion and people).

    We’re not going to do it with a market stall, or even a static community web site.
  • [note – animated slide]
    So, car sharing isn’t new. What’s new is the technology.
    We have taken four technologies and built a first class product that will make ‘shared transport’ a reality.

    Press GPS; satellite tracking means we don’t need to ask users questions about where they are or where they’re going
    PressGSM; using the mobile phone network means we can keep in touch with everyone, all of the time
    PressGIS; with extremely intelligent geographic information systems, the service makes decisions automatically
    PressWeb; the web doesn’t just mean we can communicate with users, it means we can integrate with organisations like the AA

    None of these technologies are new. What’s new is how we’ve combined them.
    We’ve knit these together to make an experience that is slick – it works like magic!
    . Automatic – plug it in and go.
    . Intelligent – it doesn’t make mistakes
    . Super safe – everything is monitored, tracked and escalated
    . Patented – boy have we protected it.

    This means that EcoShare can make shared trasport, cheap – by being automatic, and easy to use – by being automatic.
  • [note – animated slide]
    So, car sharing isn’t new. What’s new is the technology.
    We have taken four technologies and built a first class product that will make ‘shared transport’ a reality.

    Press GPS; satellite tracking means we don’t need to ask users questions about where they are or where they’re going
    PressGSM; using the mobile phone network means we can keep in touch with everyone, all of the time
    PressGIS; with extremely intelligent geographic information systems, the service makes decisions automatically
    PressWeb; the web doesn’t just mean we can communicate with users, it means we can integrate with organisations like the AA

    None of these technologies are new. What’s new is how we’ve combined them.
    We’ve knit these together to make an experience that is slick – it works like magic!
    . Automatic – plug it in and go.
    . Intelligent – it doesn’t make mistakes
    . Super safe – everything is monitored, tracked and escalated
    . Patented – boy have we protected it.

    This means that EcoShare can make shared trasport, cheap – by being automatic, and easy to use – by being automatic.
  • [note – animated slide]
    So, car sharing isn’t new. What’s new is the technology.
    We have taken four technologies and built a first class product that will make ‘shared transport’ a reality.

    Press GPS; satellite tracking means we don’t need to ask users questions about where they are or where they’re going
    PressGSM; using the mobile phone network means we can keep in touch with everyone, all of the time
    PressGIS; with extremely intelligent geographic information systems, the service makes decisions automatically
    PressWeb; the web doesn’t just mean we can communicate with users, it means we can integrate with organisations like the AA

    None of these technologies are new. What’s new is how we’ve combined them.
    We’ve knit these together to make an experience that is slick – it works like magic!
    . Automatic – plug it in and go.
    . Intelligent – it doesn’t make mistakes
    . Super safe – everything is monitored, tracked and escalated
    . Patented – boy have we protected it.

    This means that EcoShare can make shared trasport, cheap – by being automatic, and easy to use – by being automatic.
  • [note – animated slide]
    So, car sharing isn’t new. What’s new is the technology.
    We have taken four technologies and built a first class product that will make ‘shared transport’ a reality.

    Press GPS; satellite tracking means we don’t need to ask users questions about where they are or where they’re going
    PressGSM; using the mobile phone network means we can keep in touch with everyone, all of the time
    PressGIS; with extremely intelligent geographic information systems, the service makes decisions automatically
    PressWeb; the web doesn’t just mean we can communicate with users, it means we can integrate with organisations like the AA

    None of these technologies are new. What’s new is how we’ve combined them.
    We’ve knit these together to make an experience that is slick – it works like magic!
    . Automatic – plug it in and go.
    . Intelligent – it doesn’t make mistakes
    . Super safe – everything is monitored, tracked and escalated
    . Patented – boy have we protected it.

    This means that EcoShare can make shared trasport, cheap – by being automatic, and easy to use – by being automatic.
  • We have build Eirlift as an automated market place – that can identify spare seats, process them, and sell them.
    . Intelligent – it doesn’t make mistakes
    . Automatic – it works like magic.
    . Super safe – everything is monitored, tracked and escalated
    . Patented – boy have we protected it.
  • Lets look at the device - DEMO
  • Lets look at the device - DEMO
  • Lets look at the device - DEMO
  • Lets look at the device - DEMO
  • Lets look at the device - DEMO
  • Lets look at the device - DEMO
  • Lets look at the device - DEMO
  • Lets look at the device - DEMO
  • Lets look at the device - DEMO
  • In terms of commercials
    As we currently envisage it, the passenger pays €1 and 20c per km.
    The Driver recieves 85% of the fare
    Eirlift takes 15% for the comms cost and handling the transaction.
  • We also have real world elements – traditional passenger information screens.
    These are placed at popular stops, such as campus receptions, to show users when and where services are going.

    This is our product, a connected, automated, intelligent machine for detecting, marketing and selling spare seats.
  • Avego is at the stage of rolling the services out to any and all empty seats. We have thousands of vehicles and growing rapidly, in numerous installations around the world.
  • Obviously attitudes and behaviours are a key to accessing empty seats in other people’s cars.
    At our stage of development, we’re just starting to learn about the end users.
    We have a concerted campaign of structured pilots to learn and grow.
  • Obviously attitudes and behaviours are a key to accessing empty seats in other people’s cars.
    At our stage of development, we’re just starting to learn about the end users.
    We have a concerted campaign of structured pilots to learn and grow.
  • Obviously attitudes and behaviours are a key to accessing empty seats in other people’s cars.
    At our stage of development, we’re just starting to learn about the end users.
    We have a concerted campaign of structured pilots to learn and grow.
  • Obviously attitudes and behaviours are a key to accessing empty seats in other people’s cars.
    At our stage of development, we’re just starting to learn about the end users.
    We have a concerted campaign of structured pilots to learn and grow.
  • Obviously attitudes and behaviours are a key to accessing empty seats in other people’s cars.
    At our stage of development, we’re just starting to learn about the end users.
    We have a concerted campaign of structured pilots to learn and grow.
  • By way of example, consider the pilot at UCC
  • By way of example, consider the pilot at UCC
  • By way of example, consider the pilot at UCC
  • By way of example, consider the pilot at UCC
  • By way of example, consider the pilot at UCC
  • By way of example, consider the pilot at UCC
  • By way of example, consider the pilot at UCC
  • By way of example, consider the pilot at UCC
  • By way of example, consider the pilot at UCC
  • This is a very active community of Avego sharers.
  • This is a very active community of Avego sharers.
  • Consider Tom, and example user.
  • Transcript

    1. Shared Transport A breakthrough in sustainable travel
    2. Why are we here?
    3. Why are we here? • Transportation is one of the central functions of life. Oil is used for ±95% of transport.
    4. Why are we here? • Transportation is one of the central functions of life. Oil is used for ±95% of transport. • Despite the global recession, USA is near the cusp of an energy crisis, due to tightening of oil supply and increasing demand (“Peak Oil”).
    5. Why are we here? • Transportation is one of the central functions of life. Oil is used for ±95% of transport. • Despite the global recession, USA is near the cusp of an energy crisis, due to tightening of oil supply and increasing demand (“Peak Oil”). • In the 1970s, energy crises provoked two recessions and dramatic government interventions.
    6. Why are we here? • Transportation is one of the central functions of life. Oil is used for ±95% of transport. • Despite the global recession, USA is near the cusp of an energy crisis, due to tightening of oil supply and increasing demand (“Peak Oil”). • In the 1970s, energy crises provoked two recessions and dramatic government interventions. • Avego has introduced a new method of commuting to USA which we call “shared transport”.
    7. About Avego
    8. About Avego • Avego’s mission is to improve passenger transport efficiency, enabling wasted capacity to be transformed into usable capacity, while increasing access to information about transport capacity.
    9. Avego
    10. Avego As featured in Top 5 New Technologies Why we like it: High green factor. Brings efficiency to Top 10 from DemoFall AND TechCrunch 50 the perpetually wasteful act of driving alone. Avego.com- The Future of Car Pooling This is a great way to reduce commuting expenses. It should resonate with anyone looking to help the environment and save money in the process. 12 Promising New Web Sites and Services At Demo Fall 2008 developers unveiled new Web sites and services. uses the iPhone’s GPS to connect Here’s one of our favorites. drivers who have empty seats with Avego: Carpooling 2.0 Via the riders in need of a lift. It also iPhone : one of the top 10 mobile automatically calculates the gas applications launching at Demo - fees owed by the passenger to the this one’s greener than the rest. driver, and then takes a cut of that exchange. Sounds promising.... [they are] calling the service “shared transport” but to us it looks a lot like carpooling brought into the always-on Internet age.
    11. Slightly ridiculous…
    12. Slightly ridiculous…
    13. Slightly ridiculous…
    14. Slightly ridiculous…
    15. Slightly shameful…
    16. Slightly shameful…
    17. Slightly shameful…
    18. Shared Transport
    19. Shared Transport [shaird trans(-pawrt, -pohrt)] noun -
    20. Shared Transport [shaird trans(-pawrt, -pohrt)] noun - Private vehicles, enabled with real-time location information and communications, offering wasted excess capacity to the public.
    21. Shared Transport [shaird trans(-pawrt, -pohrt)] noun - Private vehicles, enabled with real-time location information and communications, offering wasted excess capacity to the public. —Synonyms 1. dynamic carpooling, 2. dynamic liftsharing, 3. ad-hoc carpooling, 4. digital hitchhiking, 5. shared-cost transport, 6. shared private transport.
    22. Using Market Forces to harness consumer self- interest
    23. Shared Transport
    24. Shared Transport GPS
    25. Shared Transport GSM/ WiMAX GPS
    26. Shared Transport GSM/ GIS WiMAX GPS
    27. Shared Transport GSM/ GIS WiMAX Web GPS
    28. Waste not, want not :-)
    29. Why the iPhone?
    30. Why the iPhone? iPhone is best-of-breed GPS computing platform
    31. Why the iPhone? iPhone is best-of-breed GPS computing platform Speedy GPS lock
    32. Why the iPhone? iPhone is best-of-breed GPS computing platform Speedy GPS lock Relatively long battery life
    33. Why the iPhone? iPhone is best-of-breed GPS computing platform Speedy GPS lock Relatively long battery life Internet connected
    34. Why the iPhone? iPhone is best-of-breed GPS computing platform Speedy GPS lock Relatively long battery life Internet connected “All you can eat” data plan
    35. Why the iPhone? iPhone is best-of-breed GPS computing platform Speedy GPS lock Relatively long battery life Internet connected “All you can eat” data plan High speed data
    36. Why the iPhone? iPhone is best-of-breed GPS computing platform Speedy GPS lock Relatively long battery life Internet connected “All you can eat” data plan High speed data Great ease-of-use
    37. Why the iPhone? iPhone is best-of-breed GPS computing platform Speedy GPS lock Relatively long battery life Internet connected “All you can eat” data plan High speed data Great ease-of-use Great update ability
    38. Driver Passenger 85% of fare $1 + 30c per mi
    39. Avego Components
    40. Avego in-vehicle experience (web video: search Avego in YouTube)
    41. Avego Web Experience v0.6, Consumer Applications
    42. Offices Clients / Pilots EU: Kinsale & Dublin, Ireland Europe x 5 US: Washington DC; San Francisco USA x 5 CH: Dalian India Prospects/ China x 2 activity: in over plus others... 60 countries worldwide
    43. Avego Pilots... P
    44. Avego Pilots... 1. Plan P
    45. Avego Pilots... 1. Plan 2. Recruiting P
    46. Avego Pilots... 1. Plan 2. Recruiting P 3. Seeding Stops, Routes
    47. Avego Pilots... 1. Plan 2. Recruiting P 3. Seeding Stops, Routes 4. Trial 5. Expansion to Phase 2
    48. Avego Pilot Case Study...
    49. Avego Pilot Case Study... • University College Cork, Ireland
    50. Avego Pilot Case Study... • University College Cork, Ireland – 16,000 students, 2800 staff
    51. Avego Pilot Case Study... • University College Cork, Ireland – 16,000 students, 2800 staff – Recruited 20 drivers, expanding to 100 drivers on next release
    52. Avego Pilot Case Study... • University College Cork, Ireland – 16,000 students, 2800 staff – Recruited 20 drivers, expanding to 100 drivers on next release – incentivized beta-driver activity initially through subsidies
    53. Avego Pilot Case Study... • University College Cork, Ireland – 16,000 students, 2800 staff – Recruited 20 drivers, expanding to 100 drivers on next release – incentivized beta-driver activity initially through subsidies • National & International Interest
    54. Avego Pilot Case Study... • University College Cork, Ireland – 16,000 students, 2800 staff – Recruited 20 drivers, expanding to 100 drivers on next release – incentivized beta-driver activity initially through subsidies • National & International Interest – New York Times feature
    55. Avego Pilot Case Study... • University College Cork, Ireland – 16,000 students, 2800 staff – Recruited 20 drivers, expanding to 100 drivers on next release – incentivized beta-driver activity initially through subsidies • National & International Interest – New York Times feature • Partnerships
    56. Avego Pilot Case Study... • University College Cork, Ireland – 16,000 students, 2800 staff – Recruited 20 drivers, expanding to 100 drivers on next release – incentivized beta-driver activity initially through subsidies • National & International Interest – New York Times feature • Partnerships – UCC Commuter Plan manager, departmental heads, students union, clubs
    57. Avego Pilot Case Study... • University College Cork, Ireland – 16,000 students, 2800 staff – Recruited 20 drivers, expanding to 100 drivers on next release – incentivized beta-driver activity initially through subsidies • National & International Interest – New York Times feature • Partnerships – UCC Commuter Plan manager, departmental heads, students union, clubs
    58. Avego Pilot Case Study...
    59. Avego Pilot Case Study... • User-created stops and routes
    60. Avego Pilot Case Study... • User-created stops and routes • User-created content
    61. Avego Example User... • Tom Gems Studying for a Master’s Degree in Interactive Multimedia Has used Avego on 174 journeys over 3 months Picked up 192 ‘riders’ Earned €505.20 in credit Path to earn €2020.80 yearly
    62. Building Critical Mass • Run pilots with cities and government agencies • Develop partnerships with commercial transport providers – Already at a run-rate of several million € in annual passengers being transported – Internet ticketing growing at typical Internet-style, exponential rate, more than 70% growth quarter-over-quarter • Enable consumer application on fleets of private transport vehicles – Fleets of several hundred vehicles in several US states will be coming on-line in the next 6 months • Support traditional carpoolers with mobile applications – 5% of commuters; Avego ST v2.0 supports these commuters with valuable information about their commute, RTPI • Grow through traditional viral growth means – Avego has facebook applications plus other means available 39
    63. Biggest Challenge • Biggest challenge is patience and ability to stand the years of time it takes to build a network and change human behavior – “Network effect” is key to creating value – Internet growth took many, many years before it reached critical mass – Electricity distribution systems took many years before it was widely available, even in single cities – Likewise, we expect leading cities to jump out ahead of others by providing excellent examples of how to implement shared transport – Avego’s appeal for both consumer and non-consumer applications enables it to grow the network while having the revenue stream to support its longer-term aims 40
    64. Avego Recap • We have an opportunity to make a difference in the world’s transport networks. • We believe that timing is relatively good for our technology, due to the confluence of market needs, geopolitical forces, and technology trends. • We have a management team that has successfully built companies before, in some cases those companies have grown to more than 1,000 employees and had world-shaping impact. • We have grown the business from a hypothetical business plan to a business than is on track to deliver millions in revenue by the end of our fiscal year; with a pipeline that is in the low 8 digits. • We believe that what we do is good for our customers, good for the environment, and good for the world. • It will take time and patience, but we believe we are on the right track. 41
    65. Questions? Discussion? Next steps?

    ×