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Kedeon

Mobile real-time monitoring solutions for last-mile delivery

Latvia
Market: Logging, Logistics and warehouses, Food industry, Transport, Blockchain
Stage of the project: Prototype or product is ready

Date of last change: 12.03.2021
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Idea

Kedeon enables you to ensure perfect quality of deliveries using our easy-to-implement, purpose-built mobile IoT solutions with no upfront costs. We provide both hardware and software for companies to better understand, optimize and pinpoint weak points in their delivery operations. Utilizing latest IoT technologies we can provide very small devices with real-time connectivity and long battery life. Monitoring data (temperature, humidity, UV light, movement) can be trusted and verified if needed and companies can utilize this to implement legally binding measurements in their business.

Current Status

Our product has successfully launched with 6 pilot projects with delivery companies, meat manufacturers, fish grower and b2b delivery operation. 5 of them converted to paying customers. Currently working to launch next batch of paid pilots with additional companies and also in other industries like pharmaceuticals, medical field, insurance.

Market

We are currently focusing on last-mile delivery service providers because there are no established real-time monitoring solutions that can be easily used by couriers.

Problem or Opportunity

Originally we started with idea to monitor the whole supply chain for specific product segments. After covid pandemic struck, we realized that last-mile delivery sector will see tremendous growth and that is the fact right now. We see huge growth and capital being poured in to these last-mile delivery services like Gorillaz, Foodora, Deliveroo, Wolt, Bolt and others. We also see the trend where multiple countries are working to provide delivery of prescription drugs as well. So the last-mile deliveries are growing very fast and regulation will follow along with stricter requirements.

Solution (product or service)

Our solution can help companies to be more proactive in terms of deliveries and use this data to their advantage - better understanding deliveries and gathering insights and see where to optimize. If a company wants, they can use our tools to open up their supply chain information to end customer which can serve as a new marketing and communication channel between the company brand and end consumer, which increase customer trust and confidence in the services. Also our solution can help with strategical things. Our devices can provide legally binding measurements which can help companies to be more compliant in terms of regulation or use this data to create ricardian contracts.

Competitors

Logmore, SmartSense, RoamBee, Modum, Efento, Wiliot and other classical monitoring solutions.

Advantages or differentiators

If you look on competitors it is either real-time but very expensive, bulky device that needs a connection to a power source and additional gateways and they are static solutions. Or if you want a mobile solution, then you can use data loggers but they don't provide real-time measurements. Thanks to the latest Iot and mobile networking technologies we can provide best from both worlds - real-time monitoring, completely standalone, a wireless solution with battery life 2-5 weeks and weight of a 70grams which is perfect for mobile movement applications.

Finance

We dont sell hardware. We provide the whole service starting from hardware and software, ending with customer support. Our subscription plan starts with 30eur/month per device which includes our dashboard tools, replacements for hardware and support. Additionally, we will provide white-label solutions, accessories for devices and other upsells.

Business model

Subscription-based business model. MaaS (monitoring as a service).

Money will be spent on

Marketing, sales and bizdev activities. We have a working product which we have validated with pilot projects. Now it is a matter of reaching the right personas and companies to launch our devices and solution with large customers.

Offer for investor

Topic of discussion

Team or Management

Risks

Currently, LTE-M technology is beeing rolled out so not all countries have this available.

Incubation/Acceleration programs accomplishment

Techstars 2021 Smart Mobility program. We got also EU grants for blockchain-focused development.

Photos

Photo 1 - Mobile real-time monitoring solutions for last-mile delivery

Product Video

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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