For more information including the detail Business Plan, please visit https://warpspeedtaxi.com/landing/
Okelo continued, “In short, we will provide locally based partner entrepreneurs with access to a customized version of our state-of-the-art feature-rich white-label Turnkey software solution as well as a 50% ownership stake in the venture. In return, our partners will provide us with an initial runway of capital funding, hands-on day-to-day management of operations driven by local knowledge, and a low-overhead revenue stream with significant growth potential.”
WarpSpeed Taxi’s model is designed to leverage Joint Venture partnerships with local entrepreneurs interested in the Ride Hailing and Delivery space. In each local JV, the Company will provide a customized version of its highly adaptable white label
This structure will allow interested local entrepreneurs to break into an exciting growth opportunity without bearing the burden of millions of dollars and years of work spent on platform development. All each prospective local partner needs is access to operating capital to be up and running overnight.
By making Joint Venture deals fair and affordable, management believes the Company will be able to attract highly motivated and talented local entrepreneurs ready to drive success from day one. To help optimize outcomes once a new JV is established,
“We’re doing something truly different,” added Okelo. “The Ride Hailing and Delivery space is vulnerable to successful disruption from a local, bottom-up perspective. And our business model is the only one out there with a viable strategy to target that vulnerability. To do this, we are focusing on different outcomes in different markets, with our growth potential skewed positively in non-English-speaking markets lacking the presence of dominant multi-national direct competitors.”
The Company has put together a 5-year plan to target 90% of the 205 countries that make up the world. English is the primary language in 8 of those 205 countries, and the secondary language in another 64. English is neither the primary nor secondary language in the remaining 133 countries in the world.
Over the next 5 years, the Company is targeting the establishment of between 185 to 205 Joint Ventures with local entrepreneurs, and the achievement of a global market share in the ride hailing and delivery space of 11.5%.
Summary of WarpSpeedTaxi Expansion Strategy.
Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Total | |
Uber present (Eng NOT primary) | 30 | 34 | 64 | |||
Uber present (Eng primary) | 2 | 6 | 8 | |||
Uber NOT present | 13 | 70 | 50 | 133 | ||
Total | 32 | 40 | 13 | 70 | 50 | 205 |
90% Goal | 29 | 36 | 12 | 63 | 45 | 185 |
Market Share | 0.13% | 1.10% | 2.81% | 6.66% | 11.53% |
WarpSpeed’s forecasts are driven by several core assumptions.
The Company’s analysis suggests it can achieve a market share that accelerates from .001% to .012% over its first five years in countries where English is the primary language and Uber is operating as a competitor. That market share progression increases to 0.0015% to .018% over five years where English is not the primary language, but where Uber is still operating as a competitor. This market share potential jumps further to 002% to .024% over five years in countries where English is not the primary language and Uber has not established an operating footprint.
Market Growth Rate Per Population for Each Category.
Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | |
Uber present (Eng NOT primary) | 0.0015% | 0.0023% | 0.0045% | 0.0090% | 0.0180% |
Uber present (Eng primary) | 0.0010% | 0.0015% | 0.0030% | 0.0060% | 0.0120% |
Uber NOT present | 0.0020% | 0.0030% | 0.0060% | 0.0120% | 0.0240% |
Based on those assumptions, we have laid out the following revenue projections for our first five years following full launch: A 5-year Joint Venture Revenue of 34 Million. Software Licensing Revenue and Backend Maintenance Revenue of 11.5 million each. Total Revenue of 57 Million.
WarpSpeedTaxi Gross Revenue Projections.
Gross Revenue | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Total |
Joint Venture | 269,055 | 1,769,683 | 4,327,732 | 9,360,126 | 18,869,928 | 34,596,525 |
89,685 | 589,894 | 1,442,577 | 3,120,042 | 6,289,976 | 11,532,175 | |
Backend Maintenance | 89,685 | 589,894 | 1,442,577 | 3,120,042 | 6,289,976 | 11,532,175 |
Total | 448,425 | 2,949,472 | 7,212,887 | 15,600,210 | 31,449,880 | 57,660,875 |
Warpspeed Taxi’s Net Revenue after expenses projections are as follows: A 5-year Joint Venture Net Revenue of 32 Million. Software Licensing Net Revenue of 10 Million and Backend Maintenance Net Revenue of half a million. Total Net Revenue of 44 million.
WarpSpeedTaxi Revenue after Expenses (EBIT) Projections.
Revenues after Expenses | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Total |
Joint Venture | 255,602 | 1,681,199 | 4,111,346 | 8,892,120 | 17,926,432 | 32,866,699 |
85,201 | 560,400 | 1,370,449 | 2,964,040 | 5,975,477 | 10,955,566 | |
Backend Maintenance | 4,484 | 29,495 | 72,129 | 156,002 | 314,499 | 576,609 |
Total | 345,287 | 2,271,094 | 5,553,923 | 12,012,162 | 24,216,408 | 44,398,874 |
Okelo concluded, “One caveat should be added to these projections: Our research also suggests the Ride Hailing and Delivery space is ripe for consolidation over time given the race for market share among larger players like Uber and Lyft. Hence, while we are targeting global expansion and organic growth, once our model gains traction, early investors may have access to an exit via acquisition before we complete our first five years.”
More details about the WarpSpeed Taxi Business Plan and the Company’s core assumptions can be found at http://www.warpspeedtaxi.com
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Forward-Looking Statements
This press release contains forward-looking information within the meaning of section 27A of the Securities Act of 1933 and section 21E of the Securities Exchange Act of 1934 and is subject to the safe harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. That includes the possibility that the company is not successful in developing, testing, or marketing its computer application, is unable to launch its application in
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