3. Why are we here?
• Transportation is one of the central functions of life.
Oil is used for ±95% of transport.
4. Why are we here?
• Transportation is one of the central functions of life.
Oil is used for ±95% of transport.
• Despite the global recession, USA is near the cusp of
an energy crisis, due to tightening of oil supply and
increasing demand (“Peak Oil”).
5. Why are we here?
• Transportation is one of the central functions of life.
Oil is used for ±95% of transport.
• Despite the global recession, USA is near the cusp of
an energy crisis, due to tightening of oil supply and
increasing demand (“Peak Oil”).
• In the 1970s, energy crises provoked two recessions
and dramatic government interventions.
6. Why are we here?
• Transportation is one of the central functions of life.
Oil is used for ±95% of transport.
• Despite the global recession, USA is near the cusp of
an energy crisis, due to tightening of oil supply and
increasing demand (“Peak Oil”).
• In the 1970s, energy crises provoked two recessions
and dramatic government interventions.
• Avego has introduced a new method of commuting
to USA which we call “shared transport”.
8. About Avego
• Avego’s mission is to improve passenger
transport efficiency, enabling wasted capacity
to be transformed into usable capacity, while
increasing access to information about
transport capacity.
10. Avego As featured in Top 5 New Technologies
Why we like it:
High green factor.
Brings efficiency to
Top 10 from DemoFall AND TechCrunch 50
the perpetually
wasteful act of
driving alone.
Avego.com- The Future of Car Pooling This is a great way to reduce
commuting expenses. It should
resonate with anyone looking to
help the environment and save
money in the process.
12 Promising New Web
Sites and Services
At Demo Fall 2008
developers unveiled new
Web sites and services.
uses the iPhone’s GPS to connect Here’s one of our favorites.
drivers who have empty seats with
Avego: Carpooling 2.0 Via the riders in need of a lift. It also
iPhone : one of the top 10 mobile automatically calculates the gas
applications launching at Demo - fees owed by the passenger to the
this one’s greener than the rest. driver, and then takes a cut of that
exchange. Sounds promising....
[they are] calling the service “shared
transport” but to us it looks a lot like
carpooling brought into the always-on
Internet age.
21. Shared Transport
[shaird trans(-pawrt, -pohrt)] noun -
Private vehicles, enabled with real-time
location information and
communications, offering wasted excess
capacity to the public.
22. Shared Transport
[shaird trans(-pawrt, -pohrt)] noun -
Private vehicles, enabled with real-time
location information and
communications, offering wasted excess
capacity to the public.
—Synonyms 1. dynamic carpooling, 2. dynamic liftsharing, 3. ad-hoc
carpooling, 4. digital hitchhiking, 5. shared-cost transport, 6. shared
private transport.
40. Why the iPhone?
iPhone is best-of-breed
GPS computing platform
Speedy GPS lock
Relatively long battery life
41. Why the iPhone?
iPhone is best-of-breed
GPS computing platform
Speedy GPS lock
Relatively long battery life
Internet connected
42. Why the iPhone?
iPhone is best-of-breed
GPS computing platform
Speedy GPS lock
Relatively long battery life
Internet connected
“All you can eat” data plan
43. Why the iPhone?
iPhone is best-of-breed
GPS computing platform
Speedy GPS lock
Relatively long battery life
Internet connected
“All you can eat” data plan
High speed data
44. Why the iPhone?
iPhone is best-of-breed
GPS computing platform
Speedy GPS lock
Relatively long battery life
Internet connected
“All you can eat” data plan
High speed data
Great ease-of-use
45. Why the iPhone?
iPhone is best-of-breed
GPS computing platform
Speedy GPS lock
Relatively long battery life
Internet connected
“All you can eat” data plan
High speed data
Great ease-of-use
Great update ability
56. Offices Clients / Pilots
EU: Kinsale & Dublin, Ireland Europe x 5
US: Washington DC; San Francisco USA x 5
CH: Dalian India Prospects/
China x 2 activity: in over
plus others... 60 countries
worldwide
64. Avego Pilot Case Study...
• University College Cork,
Ireland
– 16,000 students, 2800 staff
65. Avego Pilot Case Study...
• University College Cork,
Ireland
– 16,000 students, 2800 staff
– Recruited 20 drivers,
expanding to 100 drivers on
next release
66. Avego Pilot Case Study...
• University College Cork,
Ireland
– 16,000 students, 2800 staff
– Recruited 20 drivers,
expanding to 100 drivers on
next release
– incentivized beta-driver
activity initially through
subsidies
67. Avego Pilot Case Study...
• University College Cork,
Ireland
– 16,000 students, 2800 staff
– Recruited 20 drivers,
expanding to 100 drivers on
next release
– incentivized beta-driver
activity initially through
subsidies
• National & International
Interest
68. Avego Pilot Case Study...
• University College Cork,
Ireland
– 16,000 students, 2800 staff
– Recruited 20 drivers,
expanding to 100 drivers on
next release
– incentivized beta-driver
activity initially through
subsidies
• National & International
Interest
– New York Times feature
69. Avego Pilot Case Study...
• University College Cork,
Ireland
– 16,000 students, 2800 staff
– Recruited 20 drivers,
expanding to 100 drivers on
next release
– incentivized beta-driver
activity initially through
subsidies
• National & International
Interest
– New York Times feature
• Partnerships
70. Avego Pilot Case Study...
• University College Cork,
Ireland
– 16,000 students, 2800 staff
– Recruited 20 drivers,
expanding to 100 drivers on
next release
– incentivized beta-driver
activity initially through
subsidies
• National & International
Interest
– New York Times feature
• Partnerships
– UCC Commuter Plan
manager, departmental
heads, students union, clubs
71. Avego Pilot Case Study...
• University College Cork,
Ireland
– 16,000 students, 2800 staff
– Recruited 20 drivers,
expanding to 100 drivers on
next release
– incentivized beta-driver
activity initially through
subsidies
• National & International
Interest
– New York Times feature
• Partnerships
– UCC Commuter Plan
manager, departmental
heads, students union, clubs
74. Avego Pilot Case Study...
• User-created stops and routes
• User-created content
75. Avego Example User...
• Tom Gems
Studying for a Master’s
Degree in Interactive
Multimedia
Has used Avego on 174
journeys over 3 months
Picked up 192 ‘riders’
Earned €505.20 in credit
Path to earn €2020.80
yearly
76. Building Critical Mass
• Run pilots with cities and government agencies
• Develop partnerships with commercial transport providers
– Already at a run-rate of several million € in annual passengers
being transported
– Internet ticketing growing at typical Internet-style, exponential rate,
more than 70% growth quarter-over-quarter
• Enable consumer application on fleets of private transport
vehicles
– Fleets of several hundred vehicles in several US states will be
coming on-line in the next 6 months
• Support traditional carpoolers with mobile applications
– 5% of commuters; Avego ST v2.0 supports these commuters with
valuable information about their commute, RTPI
• Grow through traditional viral growth means
– Avego has facebook applications plus other means available 39
77. Biggest Challenge
• Biggest challenge is patience and ability to stand the years of
time it takes to build a network and change human behavior
– “Network effect” is key to creating value
– Internet growth took many, many years before it reached critical
mass
– Electricity distribution systems took many years before it was
widely available, even in single cities
– Likewise, we expect leading cities to jump out ahead of others by
providing excellent examples of how to implement shared
transport
– Avego’s appeal for both consumer and non-consumer applications
enables it to grow the network while having the revenue stream to
support its longer-term aims
40
78. Avego Recap
• We have an opportunity to make a difference in the world’s
transport networks.
• We believe that timing is relatively good for our technology, due to
the confluence of market needs, geopolitical forces, and
technology trends.
• We have a management team that has successfully built
companies before, in some cases those companies have grown to
more than 1,000 employees and had world-shaping impact.
• We have grown the business from a hypothetical business plan to
a business than is on track to deliver millions in revenue by the
end of our fiscal year; with a pipeline that is in the low 8 digits.
• We believe that what we do is good for our customers, good for
the environment, and good for the world.
• It will take time and patience, but we believe we are on the right
track.
41
Occasionally advances in technology enable a new phenomenon to change an industry.
Today I’m going to talk about just such a phenomenon: shared transport.
This product “EcoShare” is going to change the transport industry, for the better.
The current situation is slightly ridiculous..
•       Drivers on their own in cars delayed on roads congested by too many cars going the same way.
. We sit alone in our cars, cursing everyone else for causing the traffic jam
. No one thinks that they’re part of it
. No one does anything to fix it – what can they do?
•     
•       People waiting for a bus while empty cars pass by on their way to the same place.
. They stand at the bus praying it’ll come soon
. We crawl past in traffic
. The bus is stuck in traffic, caused by us in our empty cars
. No-one can help because we don’t know who else is going the same way
•      Taxis pick up just one passenger, leaving another three people to wait for half an hour to get to the same place.
. Again, people stand around waiting to ask their taxi to go to the same place someone else told another taxi moments earlier
. The taxi driver doesn’t know any better – how could he.
. The passing driver’s don’t know any better – how could they?
. Company and station car parks filled to capacity with vehicles, many of which came from the same location.
. We rush to get into work to get a good spot
. We circle around trying to find an empty space
. We end up parking right beside the guy who lives next door
. We couldn’t help it, we didn’t know any better.
- The list goes on and on. Drivers can see this waste happening, but are powerless to do anything about it.
The current situation is also slightly shameful..
+ Environmentally shameful…
. Tailpipe exhaust contains toxic pollutants, including nitrous oxides, carbon monoxide, volatile organic compounds, micro particles, sulphur dioxide and ground level ozone.
. In fact, transport accounts for over 1/3 of all global warming pollution.
. For instance, the average car emits 2.5 kg of carbon dioxide (CO2 ) per litre of gas.
Fuel Security
. We have reached peak oil
. Given the instability in oil nations, it is likely we face a fuel crisis in the next 5yrs
Some graphs by the US Gov and Association for the Study of Peak Oil and Gas predicting peak oil on or before 2010.
[if we use this slide, we should take some commentary from http://en.wikipedia.org/wiki/Peak_oil
Congestion
. UK traffic levels are forecast to rise by 17% a year,
. leading to a 65% increase in congestion by 2010.
. The cost in lost time to the UK is estimated at £20 billion a year.
Since single occupancy vehicles cause so many problems, the idea of “car sharing” was born – many years ago.
Numerous car pool and car share schemes exist, in some shape or form:
- In Germany, some 10,000 people car share each day.
- 1 in 10 Americans belongs to a car pool
The conventional wisdom is to bemoan the traffic congestion.
Some think about managing demand by pricing the road space.
We see beyond the car and congested road.
Where other’s see a congested road, we see masses of spare capacity.
So, we had an idea.
A green ecologically sounds idea.
There are almost 3 empty seats in every single car!
Because of congestion charging, peak oil and climate change – the value of those seats is approaching a tipping point.
A tipping point where drivers want to buy and sell spare seats.
So, what if we put a price on them?
What if we allow drivers to sell their spare seats?
We imagine a market place, where spare seats have a realizable value. They can be sold and converted into hard cash.
Our goal, for Eirlift, has been to perfect the market mix for these seats (product, price, placement, promotion and people).
We’re not going to do it with a market stall, or even a static community web site.
[note – animated slide]
So, car sharing isn’t new. What’s new is the technology.
We have taken four technologies and built a first class product that will make ‘shared transport’ a reality.
Press GPS; satellite tracking means we don’t need to ask users questions about where they are or where they’re going
PressGSM; using the mobile phone network means we can keep in touch with everyone, all of the time
PressGIS; with extremely intelligent geographic information systems, the service makes decisions automatically
PressWeb; the web doesn’t just mean we can communicate with users, it means we can integrate with organisations like the AA
None of these technologies are new. What’s new is how we’ve combined them.
We’ve knit these together to make an experience that is slick – it works like magic!
. Automatic – plug it in and go.
. Intelligent – it doesn’t make mistakes
. Super safe – everything is monitored, tracked and escalated
. Patented – boy have we protected it.
This means that EcoShare can make shared trasport, cheap – by being automatic, and easy to use – by being automatic.
[note – animated slide]
So, car sharing isn’t new. What’s new is the technology.
We have taken four technologies and built a first class product that will make ‘shared transport’ a reality.
Press GPS; satellite tracking means we don’t need to ask users questions about where they are or where they’re going
PressGSM; using the mobile phone network means we can keep in touch with everyone, all of the time
PressGIS; with extremely intelligent geographic information systems, the service makes decisions automatically
PressWeb; the web doesn’t just mean we can communicate with users, it means we can integrate with organisations like the AA
None of these technologies are new. What’s new is how we’ve combined them.
We’ve knit these together to make an experience that is slick – it works like magic!
. Automatic – plug it in and go.
. Intelligent – it doesn’t make mistakes
. Super safe – everything is monitored, tracked and escalated
. Patented – boy have we protected it.
This means that EcoShare can make shared trasport, cheap – by being automatic, and easy to use – by being automatic.
[note – animated slide]
So, car sharing isn’t new. What’s new is the technology.
We have taken four technologies and built a first class product that will make ‘shared transport’ a reality.
Press GPS; satellite tracking means we don’t need to ask users questions about where they are or where they’re going
PressGSM; using the mobile phone network means we can keep in touch with everyone, all of the time
PressGIS; with extremely intelligent geographic information systems, the service makes decisions automatically
PressWeb; the web doesn’t just mean we can communicate with users, it means we can integrate with organisations like the AA
None of these technologies are new. What’s new is how we’ve combined them.
We’ve knit these together to make an experience that is slick – it works like magic!
. Automatic – plug it in and go.
. Intelligent – it doesn’t make mistakes
. Super safe – everything is monitored, tracked and escalated
. Patented – boy have we protected it.
This means that EcoShare can make shared trasport, cheap – by being automatic, and easy to use – by being automatic.
[note – animated slide]
So, car sharing isn’t new. What’s new is the technology.
We have taken four technologies and built a first class product that will make ‘shared transport’ a reality.
Press GPS; satellite tracking means we don’t need to ask users questions about where they are or where they’re going
PressGSM; using the mobile phone network means we can keep in touch with everyone, all of the time
PressGIS; with extremely intelligent geographic information systems, the service makes decisions automatically
PressWeb; the web doesn’t just mean we can communicate with users, it means we can integrate with organisations like the AA
None of these technologies are new. What’s new is how we’ve combined them.
We’ve knit these together to make an experience that is slick – it works like magic!
. Automatic – plug it in and go.
. Intelligent – it doesn’t make mistakes
. Super safe – everything is monitored, tracked and escalated
. Patented – boy have we protected it.
This means that EcoShare can make shared trasport, cheap – by being automatic, and easy to use – by being automatic.
We have build Eirlift as an automated market place – that can identify spare seats, process them, and sell them.
. Intelligent – it doesn’t make mistakes
. Automatic – it works like magic.
. Super safe – everything is monitored, tracked and escalated
. Patented – boy have we protected it.
Lets look at the device - DEMO
Lets look at the device - DEMO
Lets look at the device - DEMO
Lets look at the device - DEMO
Lets look at the device - DEMO
Lets look at the device - DEMO
Lets look at the device - DEMO
Lets look at the device - DEMO
Lets look at the device - DEMO
In terms of commercials
As we currently envisage it, the passenger pays €1 and 20c per km.
The Driver recieves 85% of the fare
Eirlift takes 15% for the comms cost and handling the transaction.
We also have real world elements – traditional passenger information screens.
These are placed at popular stops, such as campus receptions, to show users when and where services are going.
This is our product, a connected, automated, intelligent machine for detecting, marketing and selling spare seats.
Avego is at the stage of rolling the services out to any and all empty seats. We have thousands of vehicles and growing rapidly, in numerous installations around the world.
Obviously attitudes and behaviours are a key to accessing empty seats in other people’s cars.
At our stage of development, we’re just starting to learn about the end users.
We have a concerted campaign of structured pilots to learn and grow.
Obviously attitudes and behaviours are a key to accessing empty seats in other people’s cars.
At our stage of development, we’re just starting to learn about the end users.
We have a concerted campaign of structured pilots to learn and grow.
Obviously attitudes and behaviours are a key to accessing empty seats in other people’s cars.
At our stage of development, we’re just starting to learn about the end users.
We have a concerted campaign of structured pilots to learn and grow.
Obviously attitudes and behaviours are a key to accessing empty seats in other people’s cars.
At our stage of development, we’re just starting to learn about the end users.
We have a concerted campaign of structured pilots to learn and grow.
Obviously attitudes and behaviours are a key to accessing empty seats in other people’s cars.
At our stage of development, we’re just starting to learn about the end users.
We have a concerted campaign of structured pilots to learn and grow.