As previously announced, our initial beta launch is already underway in Ahmedabad,
The software development and support teams has been working very hard to ensure that beta testing is successfully completed in order to launch TeziTaxi (WarpSpeed Taxi’s Indian Label) in Ahmedabad.
For more information, please visit https://warpspeedtaxi.com/investors
With the
From day one, our goal with
As noted above, we have developed a non-capital-intensive strategy for rapid expansion and marketing that will allow us to scale the model globally through local partnerships without leveraging our balance sheet or diluting investors. The key lies in our software’s modular, customizable design.
This design will allow us to quickly and easily clone and tailor any number of different versions of our base platform to target local markets anywhere in the world through joint venture partnerships with local entrepreneurs. The plan is simple: a local entrepreneur interested in launching a local ride hailing and delivery service will provide 6 months of operational funding, in return for which they will gain a 50% ownership position in the venture without the need to invest millions of dollars or months of time in developing their own software platform.
Moreover, our market research suggests local branding is a critical factor in consumer choice, particularly in the developing world, where large Western brands are often intimidating and perceived as unaffordable. Our service taps into this preference for local branding and offers an affordable option that local consumers are able to trust and identify with.
Our model also allows our partners to affordably own half of a national ride-hailing and delivery company in the market they know best. That local knowledge will help drive smooth launches as the platform expands to new markets. Local venture partners won’t need millions of dollars in upfront cash to get involved. With our expertise, partners will walk into a turn-key opportunity and be operational overnight.
This creates a win-win situation: we retain a low-overhead business with huge expansion potential, and our partners are free to focus solely on customer service and daily operations, with no need to worry about technology development, software maintenance, or backend data management.
While we are targeting global expansion and organic growth, once our model gains traction, early investors may have access to an exit via acquisition given the competition for market share going on among several very large multinational corporations already in this space.
Our model scales quickly and has limited overhead. We have completed the difficult tasks of product creation and development and will shortly be launching our software solution in a market with potentially strong demand.
In summary, we have already completed our core development process for our state-of-the-art, feature-rich white label ride hailing and delivery software platform and will shortly be expanding across
We believe our goal of expanding the
About
For more information, go to: http://www.warpspeedtaxi.com
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, that the company is unable to secure joint venture partners in multiple jurisdictions, and that consumers do not adopt the
Corporate Contact:
Telephone: (269) 692-9418
info@warpspeedtaxi.com
Source:
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