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Arto

Earn money on taxi as drivers or investors

Russia, Moscow city
Market: Transport
Stage of the project: Operating business

Date of last change: 26.02.2020
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Idea

A mobile app for taxi rentals as seamless as car-sharing, that is made possible by running a fleet of private investors’ cars. We help drivers earn money, and help investors multiply their funds.

Current Status

A running business with $2.5m in annual revenue.

Market

$3bn in Russia, $40-60bn in Europe.

Problem or Opportunity

There's no easy and flexible way to rent a taxi to earn money as a driver.
There's no easy opportunity to invest in taxi industry for a decent return rate as an investor.

Solution (product or service)

Arto is a taxi rental app which teaches a driver how to earn more through taxi. Every car on our platform belongs to private investors who are offered a return rate of 3x to banking rates while keeping cars as a collateral.

Competitors

Car-sharing companies (Yandex.Driver, Delimobil), taxi companies, rental companies, and taxi rental apps (YouDrive Business, GetCar, Guru Taxi).

Advantages or differentiators

We're the only taxi rental app in Russia that doesn't own any cars. All cars are supplied by investors.
We're the first app for investors who want to invest in taxi industry.
We have created a revolutionary financial tool which combines higher return rates of stock market with security of savings accounts.

Finance

Currently we operate in Moscow with $2.5m in revenues. Our five-year plan means that we would generate $20m in Moscow, $30m in Russia and $50m in Europe annually.

Business model

We earn $160 on each car monthly. 40% comes from drivers (a 3.9% commission on earnings), 60% comes from investors (a 15% commission on rental rate).

Money will be spent on

Regional expansion, web development and marketing.

Offer for investor

5% equity on $700,000

Team or Management

Risks

Government regulations of the taxi industry pose some risk since it might influence investors returns.
Large players (Yandex, Mail.ru) coming to our segment of taxi rental apps.

Incubation/Acceleration programs accomplishment

Founder Institute Moscow 2020

Won the competition and other awards

None
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Idea
Current Status
Market
Problem or Opportunity
Solution (product or service)
Competitors
Advantages or differentiators
Finance
Invested in previous rounds, $
Business model
Money will be spent on
Offer for investor
Team or Management
Mentors & Advisors
Lead investor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Photos
Product Video