49883
Hamba
Reduce traffic congestion by 25%
South Africa
Market: Transport, Artificial Intelligence
Project stage: Prototype or product is ready
Market: Transport, Artificial Intelligence
Project stage: Prototype or product is ready
Idea or High Level Concept
Hamba is an Artificial Intelligence (AI) focused technology company that uses real traffic time data and a mathematical algorithm to solve road traffic congestion challenges within an urban environment. Our solution will reduce road traffic congestion by up to 25% and waiting time by up to 50% by dynamically changing the traffic lights.
Territory of the product or service implementation
Africa, United Kingdom
Traction and Current Status
We have limited traction, we currently in ongoing negotiations with the City of Cape Town to pilot the suburb or enter into a private sector/government partnership.
We are looking to expand into other international markets and have signed a partnership with a UK company named Ascendal as a reseller of our solution in the developing market.
We are looking to expand into other international markets and have signed a partnership with a UK company named Ascendal as a reseller of our solution in the developing market.
Problem or Opportunity
By dynamically changing traffic lights with real time data driven algorithm, we can improve traffic congestion. The social and economic impact for a City, its residents, businesses and infrastructure is immeasurable.
Solution
By dynamically changing traffic lights with real time data driven algorithm, we can improve traffic congestion. The social and economic impact for a City, its residents, businesses and infrastructure is immeasurable.
Customer Segments and Market
The target market: City municipalities, law enforcement agencies, town planners, developers, event organizers, logistic companies, and local businesses.
Pricing: Software as a service, consulting, and license fees
Pricing: Software as a service, consulting, and license fees
Revenue Streams and Cost Structure
Revenue = SAAS plus recurring data fees per traffic intersection/area
The City, developers, town planners, logistics company’s, insurers, event organizers and local businesses subscribe to the service.
Revenue forecast in Yr 5 = $5 500 000
NPBT forecast in Yr 2 =$2 600 000
The operating profit margin is between 47%
The City, developers, town planners, logistics company’s, insurers, event organizers and local businesses subscribe to the service.
Revenue forecast in Yr 5 = $5 500 000
NPBT forecast in Yr 2 =$2 600 000
The operating profit margin is between 47%
Business Model, Chanells, Metrics
Business model = SAAS/data rate per area and intersection
Channel = Direct and software reseller
Competitors and Existing Alternatives
Signal Labs and Surtrac
Advantages or differentiators
The competitors use a series of traffic lights/intersections to determine traffic patterns. The competitors can't anticipate traffic flow, whereby Hamba uses real time vehicle data determine traffic flow and traffic light timing.
Risks
1. Sales Lead Time of City, Municipality or Council (reluctant to change)
2. Current traffic infrastructure
2. Current traffic infrastructure
Incubation/Acceleration programs accomplishment
No
Won the competition and other awards
No
Presence of invention or patent
No
Money will be spent on
The founders have injected to date $50 000 directly into the business.
The founders have worked on the project for last 24 months, of which CEO has worked full time for last 12 months without drawing a salary.
The founders have worked on the project for last 24 months, of which CEO has worked full time for last 12 months without drawing a salary.
Offer for investor
No