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 seats/vehicle 1 passengers/vehicle
Solution: RideBatch Platform Bandwagon’s RideBatch Server is a powerful, configurable, transportation software platform. RideBatch Server Bandwagon Mobile HOP Lane (to hub) (from hub) Full patent for ‘batch-based queueing’ filed.
Product: Bandwagon Mobile
Product: HOP Lane
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.
Solution: HOP Lane HOP Lanes reduce passenger wait time by matching passengers with complimentary destinations.
Solution: HOP Lane Passenger destinations are ‘announced’ on the departures board. Sharing passengers meet in a dedicated ‘HOP Lane’.
Solution: HOP Lane Passenger destinations can be ‘collected’ with a digital tablet by a line manager.
Solution: HOP Lane When complimentary destinations are identi- fied, sharing passengers are announced, and meet one another in the HOP Lane.
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.
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 We’ll match We’re mobile. There’s no Talk to our home faster? you up. need to wait. line manager. You can also use the HOP Lane by downloading our app, Bandwagon, You can hop the line with HOP Lane, HOP Lane helps you f nd the best party With HOP Lane, you’ll pay half the Just give your name and destination to and posting your destination directly. if you share your yellow taxi with to share your yellow taxi with, based on fare, and you don’t have to wait around a HOP Lane manager , and wait in line another party. your destination. for a shared ride if you don’t want to. until your ride is called.
Market: $9B US New York City residents pay $3B for FHV service annually. The total annual US market for FHV trips is $9B. NYC FHVs (500,000 daily trips) $3B FHV Wasted $2B $1B Used 2 empty seats/vehicle 1 passengers/vehicle $1.6B Unrecoverable $0.4B Addressable
Business Model: Sell Empty Seats 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. Initial ride cost and $40 driver revenue FHV New driver $44 revenue Per passenger Bandwagon $16 $4 savings revenue New Ride Cost $24 $24 + $24 = $48 +
Competition Bandwagon is the least expensive, most convenient shared FHV solution. Convenience Savings
Customer Acquisition & Retention Bandwagon is using HOP Lane to acquire immense passenger throughput through transportation hubs. HOP Lane Smart Pricing & �� 9,000 customers book for-hire vehi- Referral Pricing cles from LGA every day Event & Org �� Guaranteed savings Partnerships in high trafficked �� Acquire custom- corridors ers when they have �� Targeted expansion a transportation �� Guaranteed savings problem during peak de- �� Borrow trust mand �� Highest visibility �� High visibility �� Reinforcing travel patterns �� High need for event transportation solu- tions
Traction Customers Partners Press & Awards
Team David Mahfouda, CEO Design, Social Movements R/GA, Fixers Collective, Harvard Daniel Luxemburg, CTO Social Media, Startups NYSDOT, Skedj, Harvard Advisors Lou Riccio, Former NYCDOT Commissioner Jeff Smith, Former Managing Partner at Cravath Swaine and Moore David Mes, Managing Partner at Arc Venture Partners
Contact e: david@bandwagon.io t: @HiBandwagon
Corridors & Desire Paths
Mobile Design Mobile specs
HOP Lane Overview Before share During share After share HOPLANE HELPS HOW YOU PAY YOU SHARE A TAXI You’ll need to talk with the We help passengers get into person you’re sharing with New York faster, cheaper, about how to split the fare— and with a smaller carbon we recommend splitting the footprint. Passengers who ride 50/50 to the f rst drop- get matched will be able to o f . Remember that NYC taxis split the cost of their ride do not yet allow passengers and hop forward in line . to split fares with credit cards. 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
HOP Lane Overview
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