Summary
The German startup created the world's first cloud-based software solution for the end consumer, where drivers can digitise, analyse, control and self-monetize data from and around their vehicles, as well as trip data and driving behaviour, all securely stored in a personal data vault at 100% GDPR compliance.
On the marketplace, drivers can earn cash with their data by granting access rights for market research or the request of product/service offers from marketplace partners.
Description
The company was founded in 2019 by an automotive/software specialist with comprehensive international experience gained in some of the most renown software- and automotive companies.
The company’s vision is to become the largest data treasury and Big data environment for the automotive ecosystem globally with a market size of currently 1.4 billion vehicles growing at 100 mil vehicles per year.
Everything in this cloud-solution and its integrated marketplace revolves around the data treasure of cars, motorcycles, and their drivers and how consumers and automotive related companies alike can quickly and easily profit from it. The marketplace consists of companies like vehicle insurers, dealerships, garages, breakdown services, tire services, market researchers and analysts, municipalities, and many others whose target groups are vehicle drivers.
Marketplace partners may access the released data 24/7 and explore customer preferences to identify new business opportunities, trends and needs while responding to hot leads from vehicle drivers, requesting offers for automobile-related products and services.
The system has been released and deployed in October 2020. As of now, it is active in Germany, Austria, Switzerland, UK, USA, Canada, and Australia with a couple of thousand users and exciting response from the German media. The goal for 2023 is to open and explore all major European countries, with a total of at least 500.000 vehicles and 750 marketplace partners across 16 countries.
To achieve this goal rapidly, the company plans to work with franchisees and cooperation partners in the listed targeted countries. The German startup seeks partnerships in the form of franchise agency agreement, commercial agency agreements and financial agreements. Responsibility of the franchisees will be to acquire new vehicle owners and marketplace partners in their exclusive country under the company's brand name. The potential franchisee will mainly be responsible for developing market specific adjustments, performing a jointly developed marketing strategy and growing revenue and profits.
Obligations of the Franchisor will be the provision of intellectual property and know-how and other related services including software hosting, maintenance and enhancements requested by the Franchisees, as well as technical support and operation of the central solution.
Commercial and Franchise agencies will be in charge of generating revenues and rapid growth for their own organization while leveraging the franchisors brand name as their solution provider (e.g. “franchisors brand name” driven by “Franchises name”). Therefore, the franchisee shall pay the fran-chisor an initial fee, as well as on-going monthly payments in the range of 10-15% from their net sales.
Financial agreements with companies wishing to directly invest in the franchisors company would benefit from the franchisors market value and in profit sharing. In addition, they will participate in strategy development and oversight.