Recent presentation from this spring, connected to the crowdfunding round we had at Invesdor.com. This is pretty current information, though the foundation hasn't really changed since 2010. The world has.
group mode for up to 9 people no timetables; no interim stops normal speed 45km/h fast mode (no intersections) 70km/h stations always at pedestrian level (or within buildings) climbs 0..90° effortlessly no protrusions in the track; ideal for snow, sand and durability integrates well with existing public transport modes (s.a. Bus Rapid Transit or metro) also usable as a stand-alone community / campus network more comfortable than using a private car fully self-sustained (electricity, communication) designed for resilience (accidents, catastrophies s.a. earthquakes) the most energy efficient means of motorised transportation (combines the benefits of rail and light vehicles) capable of operating also during floods (to 2-3 meters height) capable of routing through parks, forests, wetlands without disturbing wildlife or park users minimal construction time and effort dynamic track; can be dismantled and re-erected elsewhere no external electric contacts -> safe service based business model = easy purchasing, proven quality throughout the operations
(km) people per hour per direction 0 1 5 10 50 100 0 100 500 1000 5000 10000 Application areas rickshaws metro BM with parallel stations taxis BM with small stations
customer development Finnish government contacts A patent application was filed in 2010 but it expired in lack of funds. However, we have clearance that the current design is not offending anyone’s patents. Current state We have 2-3 eligible pilot cases being discussed with local transport planners and cities. Also, the Finnish government is starting a ‘Smart cities’ project in spring 2013 focusing on part-financing 3-5 world-leading pilot cases. We aim to be one of them.
(software, automation, machinery, project management) - many global leaders founded in Finland (Kone, Cargotec, Ruukki, Rovio, ...) - small country where people generally ”know each other” - good cleantech brand globally Emerging startup mentality - Lean Startup mentality is on the rise - society under stress from change = looking for new and more efficient ways - lot of construction going on in the Helsinki region (most within EU cities) Government support - government agency Tekes launching ‘Smart Cities’ program for 2013-20 - well established public/private partnerships - subsidies for piloting and rail-bound public transport Challenges: Finance infrastructure especially for investments of 100k..1M eur is lacking.
2014 2017 Funding needs 2016 2015 Most funding would come from government funds paid to the customer. This allows us to test also the business model. Pilot 13-15M
2015 Software track simulator 㱺 alpha phase - tool for planning pilot track - essential for customer communication = sales tool Functional CAD modeling 㱺 spec confirmation - making a functional model of track, vehicles and stations - simulating static loads, friction, vibrations, performance = blueprint for a proto Using Scala programming language and framework Using Autodesk Inventor