Taxi Business Investment Opportunity in Bujumbura, Burundi

- Over 5,000 downloads of application on Android Play Store.

- More than 100 trips have already been made through the application across Bujumbura and other cities of Burundi.

Business Model:

- Current - Booking fees for intercity travel services (20% of the trip cost)

Future plans:

- Introduce a subscription model.

- Potential revenue streams from travel agency partnerships (10% of trips booked through the app)

- In-app ads.

- Partner with automotive companies and insurance providers.

- The business has an experienced and active technical team of 6, which includes - 3 software engineers, 2 marketing experts and one communication expert. 4 are in France, 2 are in Burundi. The promoter is also based in France currently.

- The directors are working for reputable big IT companies, bringing expertise in developing robust, scalable solutions and the local team has experience in the mobility/transportation sector.

- Have successfully launched this urban car-sharing in Burundi with 10 users per day acquisition on the app.

- Currently are in haste with funding raised for entering new markets across East Africa such as Rwanda, Kenya, Uganda Tanzania with a plan to be fully available in those countries at the end of next year.

1. Urban Car-Sharing Services:

Users: City residents and commuters in East African cities where the app operates.

How it works: Users can access a network of peer-to-peer shared vehicles conveniently located around the city through the platform (a mobile app). They can book and unlock vehicles owned by other users for short-term use, paying per trip. This service provides an alternative to private car ownership for urban transportation needs.

2. Intercity car sharing services:

Users: Travelers and individuals needing transportation between cities and across East African countries.

How it works: The platform allows users to book and publish their planned intercity trips, and others can book seats on those trips, enabling ridesharing and cost-sharing for intercity travel. Additionally, travel agencies can book intercity travel services through the platform, offering their customers a convenient and sustainable option.

- Physical assets include office furniture and equipment.

Intangible assets are:

- Website.

- Mobile app on Playstore.

- Social network pages.

Operating from a rented facility in Bujumbura, Burundi in a commercial building.

Self-funded using personal savings and assets shared by directors.

No outstanding loans or liabilities.

There are 6 shareholders.