Photo - JGreen
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JGreen

Sustainable Urban Mobility: The project seeks to promote

Nigeria
Market: Transport
Stage of the project: Idea or something is already done

Date of last change: 04.11.2024
Min amount of loan
$  500.000
Estimated yield
18 % a year
Go to the owner's profile
5
Total required
$ 5.000.000
Rating
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Also this project:
- is looking for investment
 

Idea

Overview of the Project
The JGreen Cab Fleet Project is an initiative aimed at creating a sustainable and eco-friendly transportation solution through the use of electric vehicles (EVs)or hybrid.

Current Status

We have secured partnerships with local environmental organizations and received positive feedback from focus groups regarding our service concept. Initial surveys indicate that over 70% of respondents would choose an eco-friendly cab service over traditional options.

Market

Market Potential The global ride-hailing market is projected to reach $126 billion by 2025, with a significant shift towards eco-friendly options. In our target city alone, there are over 1 million potential customers who prioritize sustainability in their travel choices.

Problem or Opportunity

Problem Urban areas are facing severe air pollution and traffic congestion due to traditional gas-powered vehicles. This not only affects public health but also contributes to climate change. The demand for cleaner, more efficient transportation options is at an all-time high.jgreen will use Evs or hybrid cars

Competitors

Competition While several ride-hailing services exist, few focus exclusively on sustainability. Our main competitors include Uber and Lyft; bolt,however, JGreen Cabs differentiates itself through its commitment to an entirely electric or hybrid fleet and community engagement initiatives,other way of system in ride hailing.

Advantages or differentiators

Advanced Technology Integration
JGreen Cab Fleet leverages cutting-edge technology for fleet management and operations. By implementing advanced software solutions like real-time monitoring and energy management systems, JGreen ensures efficient charging schedules, minimizes downtime, and optimizes vehicle usage. This technological edge allows for better service reliability and customer

Finance

Revenue Generation

The primary revenue streams for a taxi fleet like JGreen Cab can be categorized as follows: Fare Collection: The main source of income comes from passenger fares. This includes:

• Base fare: A fixed starting charge for each ride.
• Mileage fee: A charge based on the distance traveled during the trip.

• Time-based fees: Additional charges for time spent in transit, especially during low-speed travel or waiting periods. Costs structure, are vichicles purchased, mobile app, licensing, marketing, and operational costs.

Loan terms

60 months

Interest rate, %

18

Business model

Business Model Our revenue will primarily come from ride fares charged per mile/km traveled. Additionally, we will explore partnerships with local businesses for promotional rides and advertising opportunities within the cabs.

Solution (product or service)

JGreen LLC is a service provider company, cab fleet ride hailing that will provide every transportation to the city Nigeria and will later expand it to international .

Team or Management

Risks

. Competition from Rideshare Services
The rise of rideshare services like Uber and Lyft has significantly altered the landscape of transportation. These platforms often provide lower fares, convenience through mobile apps, and a larger pool of drivers, which can draw customers away from traditional cab services. The competition can lead to reduced market share and profitability for cab companies.

Incubation/Acceleration programs accomplishment

I have not participate in any programs

Won the competition and other awards

I have not won any competition or reward,.

Photos

Photo 1 - Sustainable Urban Mobility: The project seeks to promote
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Idea
Current Status
Market
Problem or Opportunity
Competitors
Advantages or differentiators
Finance
Financed earlier, $
Loan terms
Interest rate, %
Type of pledge
Pledge and assets
Business model
Solution (product or service)
Team or Management
Lead creditor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Photos
Product Video
Presentation