Mobility-on-Demand RideYour personalized taxi at a fraction of the costRyan ThurstonAleem MawaniVirot ChiraphadhanakulRyan ChinConfidential / Do Not Distribute | sales@modride.com
Company SnapshotPotential InvestorsFoundersFinancials$250kSMART Center BostonSeeking for angelMIT PhD and Masters students with operations and transportation expertise$5.3MMSeeking for Series ANon-dilutive grants and subsidies availableFuture offices in San Jose, CAFounded in 2011, Cambridge, MAPrimary Media Lab funderOngoing technical interest and supportThe TeamAdvisorsMarket One-way car sharing
 Rentals by the minute
 Commercial vehiclesRyan ThurstonMIT Sloan School of ManagementTodd WhitelawBrand ManagerSMART Center BostonAleem MawaniHarvard Business SchoolU.S. Carsharing Market Revenue2009 - 2016Kent LarsonDirector Changing Places GroupMIT Media LabVirot ChiraphadhanakulPhD CandidateMIT Operations Research CenterDimitris PapanikolaouPhD Candidate, MIT Media LabSmartCities Group$3.4 B oppty44.4% CAGRRyan ChinResearch Specialist & PhD Candidate, MIT Media LabSmartCities Group
Problem: Urban mobility is unsustainableClean energy issuesPollution via carbon emissions53% of carbon emissions from fossil vehiclesCity congestionEnergy inefficiencyLifestyle trendsRent vs ownDemand for green vehiclesExisting Solutions FailPrivate automobilesMajor source of CO2 emissions
Cause massive congestionsPublic TransportationDoes not cover entire city
First mile - Last mile problem
Inconvenient and inflexible schedulesBy far, the largest source of C02 emission is fossil fuel consumption via transportation53% Amount of carbon emissions devoted to transportationSource: Frost & Sullivan, EPA
The future: Clean and sharable vehicle useUrban car sharing expandingZipcar expanding rapidly6000 vehicle network49:1 Member:Vehicle ratio in 2009 and growingAutoLib debuts in ParisFleet of 3,000 carsHalf hour rentalsHertz, Enterprise launch car sharingCombined fleet of 850 cars and growingBike sharing programs exploding200,000# of bicycles rented daily in Paris80# of cities that  currently offer bicycle sharingAuto OEMs releasing clean, “urbanized” vehiclesSource: Frost & Sullivan, U.S. Dept of Energy
Solution: One-way, fuel efficient car sharing networkCommercially available SMART ForTwos, rented by the minute
Pickup and drop-off anywhere in the urban area
Maximized service level and fleet utilization through our patent-pending fleet management systemProsChallengesIncreases vehicle utilization Leads to higher revenueReduces congestion 	Each shared car removes up to 30 vehiclesFlexibility & Convenience Mobility-On-DemandSolves first mile – last mileIncreases ridership of mass transitComplementary to mass transitFleet ManagementVehicle availabilityNo parking Costly redistributionCritical Mass
Reliance on Local Municipalities to fund parkingOne-way car sharingVSTraditional two-way car sharing modelSource: Frost & Sullivan
Market Entry PlanCambridge - MITPhase 1Launch small pilot MITOperate on campus (25-50 cars)
Current partnership with SMART
Prove use-case and niche
Learn and optimize
Rely on word-of-mouth marketingPhase 2Expand to nearby collegesRestrict usage to studentsPhase 3City and general public use2011-2012 Phase 1 ScheduleCandidate cities include:High GDP

MODride (202)

  • 1.
    Mobility-on-Demand RideYour personalizedtaxi at a fraction of the costRyan ThurstonAleem MawaniVirot ChiraphadhanakulRyan ChinConfidential / Do Not Distribute | sales@modride.com
  • 2.
    Company SnapshotPotential InvestorsFoundersFinancials$250kSMARTCenter BostonSeeking for angelMIT PhD and Masters students with operations and transportation expertise$5.3MMSeeking for Series ANon-dilutive grants and subsidies availableFuture offices in San Jose, CAFounded in 2011, Cambridge, MAPrimary Media Lab funderOngoing technical interest and supportThe TeamAdvisorsMarket One-way car sharing
  • 3.
    Rentals bythe minute
  • 4.
    Commercial vehiclesRyanThurstonMIT Sloan School of ManagementTodd WhitelawBrand ManagerSMART Center BostonAleem MawaniHarvard Business SchoolU.S. Carsharing Market Revenue2009 - 2016Kent LarsonDirector Changing Places GroupMIT Media LabVirot ChiraphadhanakulPhD CandidateMIT Operations Research CenterDimitris PapanikolaouPhD Candidate, MIT Media LabSmartCities Group$3.4 B oppty44.4% CAGRRyan ChinResearch Specialist & PhD Candidate, MIT Media LabSmartCities Group
  • 5.
    Problem: Urban mobilityis unsustainableClean energy issuesPollution via carbon emissions53% of carbon emissions from fossil vehiclesCity congestionEnergy inefficiencyLifestyle trendsRent vs ownDemand for green vehiclesExisting Solutions FailPrivate automobilesMajor source of CO2 emissions
  • 6.
    Cause massive congestionsPublicTransportationDoes not cover entire city
  • 7.
    First mile -Last mile problem
  • 8.
    Inconvenient and inflexibleschedulesBy far, the largest source of C02 emission is fossil fuel consumption via transportation53% Amount of carbon emissions devoted to transportationSource: Frost & Sullivan, EPA
  • 9.
    The future: Cleanand sharable vehicle useUrban car sharing expandingZipcar expanding rapidly6000 vehicle network49:1 Member:Vehicle ratio in 2009 and growingAutoLib debuts in ParisFleet of 3,000 carsHalf hour rentalsHertz, Enterprise launch car sharingCombined fleet of 850 cars and growingBike sharing programs exploding200,000# of bicycles rented daily in Paris80# of cities that currently offer bicycle sharingAuto OEMs releasing clean, “urbanized” vehiclesSource: Frost & Sullivan, U.S. Dept of Energy
  • 10.
    Solution: One-way, fuelefficient car sharing networkCommercially available SMART ForTwos, rented by the minute
  • 11.
    Pickup and drop-offanywhere in the urban area
  • 12.
    Maximized service leveland fleet utilization through our patent-pending fleet management systemProsChallengesIncreases vehicle utilization Leads to higher revenueReduces congestion Each shared car removes up to 30 vehiclesFlexibility & Convenience Mobility-On-DemandSolves first mile – last mileIncreases ridership of mass transitComplementary to mass transitFleet ManagementVehicle availabilityNo parking Costly redistributionCritical Mass
  • 13.
    Reliance on LocalMunicipalities to fund parkingOne-way car sharingVSTraditional two-way car sharing modelSource: Frost & Sullivan
  • 14.
    Market Entry PlanCambridge- MITPhase 1Launch small pilot MITOperate on campus (25-50 cars)
  • 15.
  • 16.
  • 17.
  • 18.
    Rely on word-of-mouthmarketingPhase 2Expand to nearby collegesRestrict usage to studentsPhase 3City and general public use2011-2012 Phase 1 ScheduleCandidate cities include:High GDP