Torus BIC

Post on 12-Apr-2017

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TORUSAutomated Parking

Solutions

Student Testimonials

Parking is a Problem

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Identifying and Targeting the Problem

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1. Finding Available Spots

2. Inability to Understand Parking Needs

3. Funding

4. Poor Understanding of Technology

1. Increase Parking Revenue

2. More Electronic Payment

3. “Increase Use of Cell Phones to Find, Reserve, or Pay for Parking”

4. Move Towards Technology for Access Control

2

Market Research and Analytics

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13%

84%

3%

Parking Spots in DowntownSurface Lot Garage Lot On Street

70%

30%

Parking AccessibilityPublic Private

90%

10%

Efficiency during peak hoursUsed spots Unused Spots

• 69,000 parking spots in Downtown Dallas

• 27% of land area is dedicated to off-street parking

• 7,000 spots completely unused

3

The Money in Parking

Revenue in Billions

$0.00 $5.00 $10.00 $15.00 $20.00 $25.00 $30.00 $35.00

$15.10 $3.40 $2.50 $9.00

Global Market for Parking SolutionsTransient Event Airport On-street

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Competitive Analysis

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Technology Sensors and App App Only App Only Sensors

OnlySensors

OnlySpot

Reservation Yes Yes Yes No No

Individual Accuracy Yes No No Yes Yes

Dynamic Pricing Yes No No No No

Solution Price $ $$ $$ $$$ $$$$

Current SensorSystemTorus

5

How Torus Solves the Issue

Easy App Interface

Individual Spot Accuracy

Improved Pay by Space

Dynamic Pricing

Less User Input required2

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S SS

SS

SS

SS

SS

SS

Low Power Sensors

Base Station

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End Users

7

Application Preview

Sensor Enabled Spot

During Peak Times

Car Leaves

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Our Business Model

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User Pays Nothing

• Enterprises and Operators

• Pay for sensors

• Each Torus enabled spot will carry a 2% royalty fee

• Given ability to advertise pricing on our app to target market immediately

9

The Team

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Hans Ajieren

Christian Cortes Jai GhanekarElectrical Engineering

SophomoreMechanical Engineering Freshman

Computer Science

Sophomore

10

Advisors

Jonathan Reeder Dr. Walter Voit Jon ShapiroMaterial Sciences

Graduate ResearcherMaterial Science and Engineering

Assistant ProfessorVenture Development Center

Director

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Entering the Market

Relationships

+Net

work

UTD

Test Case

MarketabilityAnd Scalabilit

yTorus

12

Financial Projections

Year 1 Year 2 Year 3

Units / Install 1,000 7,000 50,000

Revenue $36,500 $605,500 $4.325 M

Costs of Goods Sold $30,000 $210,000 $1.25M

Maintenance and Operation Costs $10,000 $100,000 $500,000

Profit $ -3500 $295,500 $2.575 M

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Expenses

• Professional Programming - $2500

• Graphics Designing- $3000

• Pre-Manufacturing Costs- $2000

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• Apple SDK $100/year

• Amazon EC2 Server free for first year

• LLC Registration $300

• Domain $20 / year

StartupExpensesScalability Expenses

14

The Vision

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Stop Driving In Circles