Oct 10th 2017
9 months ago
Nov 10th 2017
8 months ago
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ALTOCAR has successfully finished Presale and sold all 300,000 tokens and raised $360k. AltoCar service connects passengers and drivers. The main feature is the ability to add drivers to the 'Favorites', and to use only their services in the future.
The service operates in the B2C and B2B segments.
For two years of operating in the taxi market of Kazan (Russia), AltoCar company has launched and is running: service of drivers by subscription, service for corporate clients, service for individuals.
AltoCar service carried out more than 90 thousand trips, the total length of trips has been estimated up to 1.35 million kilometers
At the moment the Service is an acting business:
8000 employees of organizations and individuals 100+ organizations of Kazan: banks, well-known retail companies, construction and oil companies and many others. 5000+ drivers in the service database
Total revenue of $ 500,000 (28 million rubles)
With the help of raised funds on the ICO, we plan to implement the service in 13 million-population cities of Russia in 18 months.
There is no argument or doubt of Uber, Gett, Lyft and other services success. Capitalization of those services is growing rapidly, but none of them have yet started the IPO. If they have had been supported in at the initial stage, they could receive a significant income. Uber, Gett are taxi services which are ordered through the mobile application. AltoCar goes further, as it creates a service of personal drivers at the price of a taxi using not only classical forms of payment (fiat), but also tokens. The audience for taxi services is huge and constantly growing, which makes this sphere attractive for the implementation of tokens into the economy.
For two years of operating in the taxi market of Kazan (Russia), AltoCar company has launched and is running: service of drivers by subscription, service for corporate clients, service for individuals. AltoCar works quietly even with Uber, Gett and other similar services on the market. On the contrary, the presence of third-party services helps to promote our product to the market, allowing us to have less expenditure on marketing.
Enlightenment of the audience happens at the competitor’s expense who come to the market first and fill it with money. Competing services popularize travel orders through mobile applications, experience of noncash payment, experience of free trips, etc. That is why our scaling strategy is based on launching in cities with the strong presence of competitors.
AltoCar service carried out more than 90 thousand trips, the total length of trips has been estimated up to 1.35 million kilometers (data for one city for July 2017).
A distinctive feature of the AltoCar service is not only competitive prices, high-quality cars, but also drivers who can be added as ‘favorites’ in order to keep using their services.
Our goal is to provide everyone a personal driver at the cost of a taxi.
After the completion of the ICO and the introduction of tokens into the service, their usage will begin in the ecosystem of the service. In other words, customers, partners and drivers will be able to take full advantage of the technology and loyalty program within the service. (See more in the section "Implementing Tokens in the Economy of Service")