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 .
. 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.