Photo - Hamba
49883

Hamba

Reduce traffic congestion by 25%

South Africa
Market: Transport, Artificial Intelligence
Stage of the project: Prototype or product is ready

Date of last change: 18.10.2020
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Idea

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.

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.

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

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 (product or service)

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.

Competitors

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.

Finance

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%

Business model


Business model = SAAS/data rate per area and intersection
Channel = Direct and software reseller

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.

Offer for investor

No

Risks

1. Sales Lead Time of City, Municipality or Council (reluctant to change)
2. Current traffic infrastructure

Incubation/Acceleration programs accomplishment

No

Won the competition and other awards

No
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Idea
Current Status
Market
Problem or Opportunity
Solution (product or service)
Competitors
Advantages or differentiators
Finance
Invested in previous rounds, $
Business model
Money will be spent on
Offer for investor
Team or Management
Mentors & Advisors
Lead investor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Photos
Product Video