Developed by MDI, this revolutionary vehicle runs on compressed air and is designed for urban environments (see specifications below).
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New, larger vehicles with greater range and speed are expected to be released in two years. |
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Number of Seats |
2 seats |
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Length, Width & Height (in). |
82 x 63 x 79 inches |
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Weight |
485 lbs |
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Autonomy at urban speed |
136 miles |
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Maximum speed |
43 miles per hour |
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Charging time |
1.5 minute |
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Energy Cost |
1.7 cents per mile |
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The service is characterized by its convenience, flexibility and simplicity with, |
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[a] the possibility to pick-up, return and park at any legal vehicle parking spot available anywhere, |
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[b] an all-inclusive $8.00 rental fee per hour, |
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[c] mobile phone and internet reservation, |
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[d] Smart Cards allowing members to access and start cars, etc. |
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Competition. |
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We can be highly competitive with traditional urban transportation (bus, subway and taxis), and car renting/sharing companies, like ZipCar, |
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Connect (Hertz) or Car2Go (Daimler). |
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Launched in 2000, ZipCar is the US leader with 6,000 cars, 275,000 members and over $200 million yearly revenues. |
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With the support of enlisted cities, we will offer a ready-to-use service with more pickup/return/parking locations than ZipCar. And, we will |
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bring a widely available affordable transport alternative to their citizens. |
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Business Model. |
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We estimate a vehicle cost at $10k per year in amortization, maintenance, parking, energy and other variable costs, and generate about |
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$20k+ per year with 20 members per car and 200 hours of activity per car. |
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Go-to-Market Strategy. |
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Free(Bee) is implementing a three phase strategy: |
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Phase 1 (6 to 12 months): |
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setting up central marketing, technology and administration services, importing from France and registering the first vehicles and selecting |
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the first deployment city. |
We are currently discussing with several cities on how to facilitate deployment using preferred parking conditions and participation of city
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employees. |
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Phase 2 (18 months): |
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deploying the service in the first city and breaking-even (~150 vehicles in activity and 2,000 members). |
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Phase 3 (starting mid year 3): |
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replicating the first launch in new cities. We estimate each new city will require a $1.5M investment that can be paid up in 36 months. |
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New deployments will be financed through a combination of company cash-flow, new equity raise and local investments. |
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Financing. |
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The Company is currently pulling together a $750k to $1M first round financing for phase 1 and launch of phase 2. |
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A second round of $1.5M will be organized on Year 2 to reach break middle on Q7. |
Company will be able to autofinance deployment in new cities starting end of Year 2.
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Deployment could be faster if we can obtain more financing. |
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Year 1 |
Year 2 |
Year 3 |
Year 4 |
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Number of Cars |
50 |
150 |
400 |
850 |
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Gross Revenues (000) |
$360 |
$2,330 |
$6,350 |
$14,410 |
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Expenses (000) |
$800 |
$2,360 |
$4,750 |
$8,830 |
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EDIBTA (000) |
($440) |
($30) |
$1,600 |
$5,580 |
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Cash Position (000) |
$20 |
$500 |
$1,040 |
$4,900 |
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Note: |
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Financials apply to one city launch (target of 1,000 cars in 3 years) |
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Motion Simulators.com - Compressed Air Vehicle Runs on Air |
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WE CANNOT OUTFIT EXISTING CARS WITH OUR TECHNOLOGY.
ITS JUST CAN'T BE DONE. IT IS NOT DESIGN FOR IT.
IT DOES NOT WORK.
INTRODUCTION TO MDI
AND ITS R&D CENTER IN CARROS
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Click on image links below to visit Companies Websites
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For your simulation projects contact us here at Motion Simulators.com
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