DriveLock

Project summary

In Kiev, there is a very big problem with regards to the correct parking of cars, at the moment only tow trucks are struggling with this, according to statistics, at least 25 thousand violations occur per day. Tow trucks cope with a very small percentage, and for the violators themselves, the evacuation of a car is a very laborious process for its return.

Therefore, there is a place to be DriveLock is a service that will block cars that have violated the parking rules and using a mobile application, violators will be able to quickly pay a fine and unlock their car by paying an additional commission for the services of our service, which, unlike the evacuation service, will be take much less time and the cost of all services is more than 5 times cheaper. Thus, to fill the city budget with a large amount of funds.

At the first stage, it is planned to produce 250 units of equipment and a mobile service, which, according to the minimum calculations, will bring the company $ 2,000 per day. The net income of the company with this amount of equipment will be 440 thousand dollars. in year.

The profitability of the project is at least 170%.

Payback of the project is about 7 months.

Basic goals:
1) Supply about 10 thousand pieces of equipment.
2) Increase the net income of the company over 15 mln. USD.
3) Expand the work of the company throughout the territory of Ukraine