Problem:
Existing fixed schedule-based transport services such as public transport are:
- Unable to compete with private car ownership due to lack of passenger convenience – vehicles run when schedule wants to not when passengers want to
- Inflexibly operated without taking actual demand for transport into account – vehicles run on schedule even if there are no passengers
- Unable to collect passenger travel and usage data for better decision making – there are little to no user-side apps that enable collection of data
Solution:
Modern Mobility’s Demand Responsive Transport platform – VEDAS – as a tool for organizing transport
- VEDAS is a platform of apps for passengers, drivers and transport operators that as part of its core value enables demand-responsive mobility in domains where transport is currently operated by fixed schedules
- Due to it’s demand responsiveness VEDAS enables savings on operating costs for transport organisations by removing inefficient rides from existing routes
- VEDAS provides convenience for passengers as it enables them to capture rides when passengers want to ride rather than when transport is scheduled by transport operators
- Demand responsive public transport (DRT) is 25% faster for passengers due to removal of empty rides. As a result it is a viable competitor to private car ownership
- VEDAS enables collection and commercializes usage data in mobility domains where there currently is no data capturing. As such it provides opportunities for data-driven decision making in such industries eg public transport
Advantages of VEDAS:
- Super-low barriers for expansion
- Integration opportunity with PT services (ticketing, routing)
- Fully automated processes and product
- Agile, adaptive and flexible company
- Partnership and client-based product development philosophy