Taxi Company Investment Opportunity in Toronto, Canada

• Ride-hailing company based in Toronto and has been operational for over 2 years.
• Customer acquisition cost over 5X less than competitors such as Uber and Lyft.
• Repeat customer rate is over 75%.
• Overwhelming organic driver acquisition with a waitlist of over 300 drivers.
• In only 8 weeks, we managed to capture 0.3% of the Toronto market.
- Key differentiators include:
• All our vehicles are hybrid or fully electric.
• Our driver commission is about half the competitions.
• We’re 10-15% cheaper. Our rates don’t surge.
• We focus on full-time drivers with at least 1-year experience. We inspect and road-test drivers in-person to ensure quality.
• Mobile app is live on Google Play Store and Apple Store. App has over 500 downloads and 4.5+ start ratings on Play Store.
• App, software and payment processing technology are developed in-house.
• We charge a percentage fee from drivers and a flat rate from riders to generate revenue.
- Our team is exceptional, and has a proven track record of success:
• CEO:
- Former head of operations and marketing at a startup that was funded by the popular VC television show.
- Former physician, surgeon, and award-winning clinical researcher at the University of Geneva Hospitals in Switzerland.
• CTO:
- Co-founder of a company that has a market cap >$1 billion USD.
- Former CTO of one of the largest E-commerce marketplaces in Canada which was successfully acquired; former senior software engineer at a company valued at > $500 million.
• CMO:
- Worked with high profile clients such as Tylenol, Gerber, Renault, Fiat, Nestle, Nescafé, UNICEF, MasterCard, Jeep.
- Former executive at a private corporate agency of the Ontario Ministry of Transport.