RedCab LLC. offers a decentralized peer-to-peer transportation solution to individuals. Utilizing the power of Blockchain technologies and a unique business model for a transparent, affordable, and innovative future. Founded in 2016, and launched in 2017 with a concrete roadmap unto the future of peer-to-peer transportation services. Proof of Driving and Proof of Marketing Concepts, AI Powered road assistant, Geo Ads for monetization, and a strong portfolio of on-ground operations in a very short time.
RedCab LLC was founded by mid of 2016 to reinvent the peer-to-peer transportation solutions by solving a real problem through understanding the root causes of riders’ and drivers’ actual needs and deliver an innovative solution governed by customer experience, transparency, and efficiency.
RedCab LLC gives the chance for everybody to freelance as integrated service providers working on peer-to-peer scale, while taxi companies operate as an aggregated professional service provider.
Our business model is designed to deliver 100% of the benefits to users versus 100% earnings to drivers and taxi companies through decentralizing the whole process.
The performance matrix and rewards program for drivers is designed to ensure that every single ride gets the highest quality from a customer experience standpoint, while a psychological factor is subtly implemented to govern the customer satisfaction part, and processes are in place to ensure the safety of both parties.
i do not see this product achieving mass adoption to the point that any ROI would be to the immediate benefit of investors.
I do not believe this to be a good investment in the short term. Be prepared to hold for 18+ months for returns.
UPDATE: communications with project team members have pointed me back to a review of mvp. I believe it is solid tech. Also the project team has increased rating due to provision of explanatory material and a highly professional mannerism. Good luck
Contrary to the typical ideology, I think your team looks great and you will probably need blockchain experts as guides.
Whitepaper looks great, however I would raise a few issues:
NPS is only one for of marketing metric. There are other metrics that might be valuable in order to improve the system.
The scalability would be an issue as cab market is highly dominated by monopoly.
Proof of driving concepts etc needs to be trademarked via authorised IP registration divison of the government. Otherwise your names will remain mostly unprotected.
- Experienced Team, has been involved in several traditional businesses over a long period of time.
- Relatively large team of advisors.
Items to explore:
- They did not list a CFO, and I would expect to see that in a ~$20M raise
Vision / Product:
- There are some very big new and well funded competitors in the market here, however they are hamstrung in their mechanisms to make money. This spin on the business model is a good one, and if it holds true could disrupt the pricing in the space by taking out intermediaries.
- Very nice that they are modifying an existing business plan and MVP with this new blockchain based concept.
- Also a benefit that they have received private equity to fund the MVP already which adds some level of vetting to the MVP.
Items to explore:
- The big players are spending in the Billions of dollars to win in this market, so this initiative would need to be wildly viral to compete.
Notice: I do not provide investment advice. Please see my profile for important disclosures.
I like what I have seen. Seems like UBER but in blockchain?
In any case, big team, solid whitepaper and I like the project's vision, I hope they succeed.
Token price is OK, not too cheap, not too high.
PS: Website is a bit laggy for me.
Still wondering on the solution and how you can be different with Uber, Lift or any other existing P2P services such as Grab. The only thing I am interested in is its business model which distribute 100% revenue to drivers and users.
But, the question is how to sustain the model without revenue?
Good to see a string core team that has the potentail togrow the business from its strong local presence. I think it is key to consolidate teir home marketa dn then build team as needed to scale overseas . The concept make sense and if they get the marketing right it coudl scale and I would assume even if regional coudl be a very intersting token and project gievn size of regional market
Good concept but not a first time. we already see similar project like UBER, CARTAXI. Strong team with experienced advisors. KYC Done. Long time business policy.
Have MVP and online app.
Best of luck for team and project.
Though the idea is not unique, it can still benefit from using blockchain technology. But just creating a product won't do, they have to compete with giants such as Uber, Lyft who have deep pockets. Lets see how the product turns out.
VISION: Interesting vision, although not unique. Good application of the blockchain technology with 100% of revenues going to drivers. Roadmap and white paper look strong. However, other than this, I am not quite sure how it differs from companies such as Uber and whether it could be strong enough to compete in that market. I am marking it just below mid-marks because I would want to see a lot more before I was convinced that they wouldn't get easily squashed by established players. 2/5
TEAM: Strong team albeit with a country focus. However, the team doesn’t display extensive knowledge in the blockchain area which may be an issue. Also, some members seem to be spread across other projects. 3/5
PRODUCT: The white paper is acceptable and it is good to see that there is an MVP up and running. 4/5
This is not an invitation to invest. ICOs are risky and you can lose everything you put in.
Strong concept and application of blockchain technology in this startup. I like that this is built on top of a platform founded years ago. Very interesting to see how it performs. Good luck team!
One can't help but to associate RedCab with Uber, Grab, Lyft, and Careem! What if these players entered Blockchain? Would they approach it the same way as RedCab? Would the aspirations of RedCab be an acquisition?
Speed to market is vital and only the fittest will survive. The team is robust which gives me the confidence that RedCab could emerge as a serious player in time.
Interesting concept that provides a real world solution. Yes there are other similar companies but are missing the blockchain element. The more reach the product can get the better chances of success. It's all about mass adoption in this space, although, dominating locally isn't too bad.
The team seems to be good but I just don’t think it’s a worthwhile investment. Crushing Uber and other competitors just seems impossible. It’s a 2 sided marketplace and these marketplace are alway extremely hard to build out. The idea is solid but they need smart money as well to even make an impact in the industry.
Redcab seems to be quite similar to Uber and Lyft. The local presence of the team will work in their favor but they will need to add more international members as the project grows. If the team is able to nail the right marketing strategy, this project can be successful.
The concept of proof of marketing and proof of driving is a great and novel approach to the p2p transportation market.
Solid MVP shows a lot of work already went into this project.
Team is big enough to cover most bases, although missing some international allure. I hope this will get better as the project matures.
The idea is good. proof of marketing and proof of driving is good concept. I agree, there are already lots of companies in market. Tough competition but they are little different. They need to spend lot of money in marketing and increase the adoption rate and then they will be fine. MVP is there which is a plus point. Best of luck team.
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