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WaiveWork: Vehicle Solutions for Ride-share Drivers

WaiveWork provides low cost, safe, and environmentally friendly vehicle solutions that increase transportation access and earning potential

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Waive is a technology company that makes shared mobility cost-effective, safe and environmentally friendly. We provide, end-to-end mobility solutions by converging shared mobility with DOOH advertising. Our fleet of energy efficient vehicles (eg electric, hybrid, hydrogen-fuel cells, etc.) are installed with roof mounted digital Ad-display which works as Ad platform for advertisers who want to reach their target customers at a street level. The revenue generated from Ad-platform is used to drop service cost and provide additional services to our customers.

We would like to propose WaiveWork, one of our primary service offering, to serve residents of CDMX. WaiveWork provides energy efficient vehicle to ride-share drivers at the lowest price in the market (Our US price: $ 22 / day). Our offering includes vehicle insurance and schedule maintenance and can be booked on a daily, weekly, and monthly basis.


Designed to increase transportation access and earning potential in an area, WaiveWork can help solve the CDMX mobility issue in following ways:

  1. Low-cost to rent a vehicle: 
    1. WaiveWork provides the lowest price to rent a vehicle in the US market. Our business model allows us to maintain this price advantage. Mexico City, the capital of Mexico and the most populous metropolitan in western hemisphere, provides the right base of price sensitive and tech savvy customers to use our service
    2. Vehicle insurance and scheduled maintenance included in the fee
    3. Energy efficient vehicles drive down the fuel expense

  2. Enhanced safety: 
    1. Our extensive background screening includes verification of criminal history, motor vehicle record, insurance eligibility, proof of residence, etc. As a result, our screening act as an additional layer on top of background checks performed by ride-share companies
    2. Fleet ownership allows us to keep 24/7 track of our vehicles out on service. This allows us to take immediate response in case of an emergency
    3. Our Ad-display platform can be programmed to project “distress signal” by passenger while on a trip, which can enable law enforcement to easily spot the vehicle, thus enabling passengers(especially women) to travel with confidence

  3. App-enabled easy signing process from registration to behind the wheels

  4. Activate base of potential drivers who do not have access to a reliable vehicle, but want to drive for shared mobility businesses

  5. Rev-Share opportunity increase driving earning potential


Other advantages:

  1. Rideshare drivers that do not own their vehicle usually work as salaried staff for fleet owners. WaiveWork provides opportunity to removes such limitations on earning potential and freedom to schedule your own work timing
  2. As WaiveWork promotes ride-share economy, bringing shared vehicles helps take other personal vehicles(some studies suggest 7-13) off the road, which also helps in managing traffic congestion and reducing travel times

Describe quienes utilizarían tu propuesta (1,000 caracteres) // Describe who will use your solution (1,000 characters)

WaiveWork vehicle solutions are primarily intended for audience that want to drive for ride-sharing platforms and other shared mobility businesses but do not have access to a reliable vehicle. Our roof-mounted digital ad-display platform is intended for agencies and advertisers who want to reach their target audience at street level. A typical user journey: 1. Customer is made aware of the WaiveWork product service offerings 2. Interested customer visits our mobile application / website to register 3. Customer completes the registration process online 4. Background screening analyses customer eligibility 5. If approved, customer is notified and is able to reserve vehicle out of available options 6. Customer picks up the vehicle and is able to drive 7. Based on the type of booking (daily, weekly, monthly), customer is notified to return the vehicle or renew the reservation

Describe la etapa de desarrollo de tu propuesta // Describe your solution's stage of development

  • Implementada: ya ha implementado su solución y está explorando nuevos casos de uso. // Fully Scaled - you have already scaled your solution and are exploring new use cases

Platícanos acerca de tu equipo o compañía (500 caracteres) // Tell us about your team or organization (500 characters)

Waive is a technology company that makes shared mobility cost-effective, safe and environmentally friendly to its customers. We provide, end-to-end mobility solutions by converging shared mobility with DOOH advertising. Our fleet of energy efficient vehicles (eg electric, hybrid, hydrogen-fuel cells, etc.) are installed with roof mounted digital Ad-display which works as Ad platform for advertisers. The revenue generated from Ad-platform is used to drop down service cost to the customer.

Tamaño de tu equipo o compañía // Size of your team or organization

  • 11-50

Fondos // Funding Request

  • $100,000

Presupuesto aproximado (500 caracteres) // Rough Budget (500 Characters)

A brief break down of the budget in terms of percentage share of total funding amount can be seen as following: 1. Vehicles and other equipment - 60%-80% 2. EVSE and other infrastructure - 10%-15% 3. Hardware and software platforms - 10%-15% 4. Marketing - 0%-10% 5. Operations and Maintenance - 5%-10%

Describe cómo usaras los fondos para tu proyecto piloto (1000 caracteres) // Describe how you would pilot your idea (1000 characters)

The aim of the pilot phase is to establish an operational WaiveWork platform that is economically sustainable and supports it's growth. A plan to realize this aim is as follows: 1. Challenge funds will be utilized to finance the operation (funds to purchase fleet, install EVSE charging stations(if required), perform hardware installations, etc.) and Waive will be responsible for daily operations related to fleet management, payment, vehicle reservation/dispatch, staffing, telematics and hardware, etc. 2. WaiveWork pricing model ensures that the vehicle rentals cover operating expense and the Ad-revenue contributes to pure profit (Mexico City is one of the fastest growing regions for DOOH advertising)

Describe cómo medirías el éxito de tu piloto (1000 caracteres) // Describe how you would measure the success of your pilot (1000 characters)

The success of the WaiveWork pilot can be measured by the help of following KPI's (Key Performance Metrics): 1. % fleet utilization: a demand metric to indicate product success, % fleet utilization helps us identify how well its being used by intended customers 2. Total customers on waitlist / Number of cars in the fleet: a metric that helps identify the need to expand fleet to cater unmet demand 3. Expense / Revenue (per vehicle): this metric would help in keeping track of whether each vehicle is able to cover its own operating expense, thus indicating product financial success 4. # of vehicle vandalization incidences: a metric that would help understand the driver behavior 5. Customer complaints: Analyzing customer complaints would help understand the target audience and help them serve better Apart from the above mentioned KPI's, we would analyze travel patterns to identify hotspots for business expansion purposes.

Plan de sostenibilidad (500 caracteres) // Sustainability Plan (500 Characters)

WaiveWork is designed to be a self sustainable service offering as the rentals cover all the operating expense. The Ad revenue generated contributes to pure profit. Our in-house technology and hardware team allows us to make capital savings as we insource our own software and hardware platform. As our cars are mostly associated with a driver, it drives down vehicle vandalization risk and makes it easy to allocate cost to damage, if any.

Social Media

Instagram: https://www.instagram.com/waivecar/ LinkedIn: https://www.linkedin.com/company/waivecar

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