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Roya Daemi, Minahil Bajwa, Amy Nicosia

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Presentation on theme: "Roya Daemi, Minahil Bajwa, Amy Nicosia"— Presentation transcript:

1 Roya Daemi, Minahil Bajwa, Amy Nicosia

2 Problem Slim profit margins Increased competition Drivers discontent
Graphic from Uber website Graphic from lyft website

3 Solution

4 Yellow Cab Company of D.C.
Graphic from Yellow Cab Company of D.C. website Fleet of 550 vehicles 80-85% operational Receive weekly rental fee from drivers

5 Drivers Renting from Yellow Cab DC

6 What is MOJIO? Plug-in Device Mobile Application
Graphic from Mojio website

7 How it Works Plugs into diagnostic port
Continually collects and transmits data Graphic from Mojio website

8 Data Collection Fuel Efficiency GPS Accuracy GPS Status GPS Lost Time
Graphic from City Taxi website Graphic from tnooz website

9 Raw Data to Usable Information
More Efficient Drivers More Efficient Cars Better Routes Better Car Mechanics and Efficiency Cut Costs Increased Efficiency Increase Profit

10 Yellow Cab Company of D.C.
Benefits Yellow Cab Company of D.C. Individual Drivers Increased profit margins Savings on fuel expense Better Drivers Better GPS system

11 But We’ve ALWAYS Done It This Way
Downside But We’ve ALWAYS Done It This Way Inflexibility of taxicab drivers to adopt Mojio. People, Processes, Systems

12 Revenue, Costs, and Profit
$5 X 52 X 454 $5 X 52 X 454 $149 X 500 $4.99 X 12 X 500 2015 2016 2017 Revenue $118,000 Cost $75,000 $30,000 Profit $44,000 $88,000

13 Cumulative Revenue and Costs

14 Driver Benefit: Fuel Efficiency Study
3 month campaign on driver awareness 1,000 individuals participated Suggestions on driver efficiency Cut 15-35% of fuel bill Graphic from 12 Tips for Fuel Economy Website

15 Cumulative Driver Benefits

16 Additional Benefit: GPS Map Application
Collects data with every use GPS Accuracy GPS Status GPS Lost Time Updates maps with the collected data to ensure the most accurate mapping application Graphic from Mojio website

17 Benefits: Yellow Cab Company of D.C.
Additional revenue from weekly rental fee Increased driver awareness Benefits: Individual Drivers More efficient driving, cutting fuel costs

18 Roya Daemi, Minahil Bajwa, Amy Nicosia

19 Roy Spooner Interview Date: October 28, 2014
Position: Regional Manager of Yellow Cab Company of D.C. Slim margins Rental rates What is included with rentals Percentage of operational taxicabs Percentage of dispatch vs. nondispatch taxicabs

20 Trevor Young Local D.C. taxicab driver
Average work work is hours Picks up passengers per shift Gas cost of $35-55 a day

21 Percentage of Drivers Who Adapt Mojio
Break-Even Points Percentage of Drivers Who Adapt Mojio Break-Even Point 100% 2015 Between months 7-8 75% Between months 10-11 50% 2016 Between months 6-7


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