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Then Transit Exchange Opportunity
1.
. The taxi industry:
A New Beginning
2.
search application for
transit
3.
Did you know
that shared is the "normal" mode of taxi usage in most countries Kampala, Uganda
4.
5.
Minibus in
6.
Crowded Jeepney in
Downtown Traffic, Manila, Philippines
7.
Nairobi, Kenya
8.
Did you know
that the taxi industry is the only transport sector in which customers still regularly post-pay for their rides?
9.
Post-Pay - that
means, you ride first and then pay. Exposing the vehicle operators to credit risk.
10.
Can you imagine
an airline in which that was normal practice?
11.
$800 please
12.
And speaking of
airlines, did you know that it costs more to travel per mile in a Hackney cab in London, than it did flying to New York on Concorde?
13.
And back
14.
That it costs
more to take a cab- ride 10 miles to a London airport ......
15.
...........than it does
to fly to Munich?
16.
yes. Munich!
17.
Why is that?
18.
Could things be
any different in the taxi business?
19.
Could things be
any better ?
20.
So, what's the
big idea?
21.
Getting strangers to
share taxis on a largescale
22.
by pre-summoning their
ride in a vehicle type of their choosing
23.
What are you smoking?
24.
Yet it has
been done and has been proven to work
25.
26.
27.
Could we now
have a taxi system that adapts every hour to its customers?
28.
Or even every
minute?
29.
Or even every
minute?
30.
That is flexible
and responsive to the demands of its customers?
31.
Offering a choice
of service levels, prices and ride qualities
32.
A choice of
different vehicle types
33.
34.
Large capacity buses
for peak times.
35.
Cars for off
peak
36.
A choice of
ambience
37.
Choice of ride
partner
38.
Taxis for parents
with small children
39.
suitable vehicles for the
mobility impaired
40.
Taxis for club
meets
41.
Taxis for nurses CAPTION:
[To help them get to work, find spare shifts.]
42.
Taxis for nurses
43.
Taxis for co-
workers
44.
The potential applications
are endless.
45.
Eliminate the language problem
of hailing a cab
46.
Branded taxi firms?
47.
Buses could now
operate almost like taxis, picking up people from near their front
48.
Or indeed taxis
could be now be considered to be buses, replacing functions undertaken by previously scheduled services.
49.
Like a schoolbus
50.
With a certain
group of people inside, like business travellers
51.
Or activity partners
.
52.
Or activity partners
.
53.
Businesses could get
more custom.....
54.
and customers could
avoid the hassle of trying to arrange a designated driver
55.
or a conviction
56.
Women could opt
to travel in women only taxis for safety purposes.
57.
with a woman
driver
58.
59.
60.
The answer is
a transit exchange
61.
What is our secret
sauce?
62.
credit contagion
63.
credit contagion
+ social network mask
64.
credit contagion
+ social network mask + location aware cellphones
65.
credit contagion
+ social network mask + location aware cellphones = dynamic matching
66.
We are more
closely correlated than we imagine
67.
Based on certain demographics
factors, many of us have similar itineraries
68.
So often, there
is someone we could share a ride with. If only we knew they had the same need as us
69.
The key problem
has been overcoming
70.
The coincidence of
wants
71.
72.
So has this worked
anywhere yet?
73.
Isle of Wight,
UK
74.
July - December
2008
75.
700 shared trips fulfilled
76.
What makes a
transit exchange work where all other approaches have failed?
77.
What percentage
does the exchange take?
78.
What percentage
does the exchange take? 25%
79.
25% ?
80.
Isn't that a
lot?
81.
The "Math" 100 cabs
8 trips / day *
82.
The "Math" 100 cabs
8 trips / day * * 5 passengers / cab
83.
The "Math" 100 cabs
8 trips / day * * 5 passengers / cab * £10 / passenger
84.
The "Math" 100 cabs
8 trips / day * * 5 passengers / cab * £10 / passenger = £40,000
85.
86.
87.
Our unique approach is
holistic
88.
We combine
89.
operational concepts
branding backend algorithms change the problem space
90.
91.
What powers the
exchange?
92.
93.
94.
Less traffic on
the road
95.
Take people to
and from railway stations
96.
Work as a
kind of "text and ride" for light transit systems