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Fail Fast, Build Again!
COPYRIGHT 2018. MVL Foundation. ALL RIGHTS RESERVED
How to fail is important.
But knowing when to fail is more important.
How may times have you failed?
I have failed
4 times.
Did I fail fast enough?
Not for the first three projects But
Failed fast for the last one.
At Shenzhen and Hong Kong
I have failed
Fast for the first time.
How & Why?
It is China!
Not Fast means No Future.
History and Roadmap
· Chauffeur service launch in HK, CN
· Initial Coin Offering
4Q. 2014 3Q. 2016
· PyeongChang 2018 Olympics · O2O Mobility Service
Dec. 2017 May. 2018
· Ride-hailing service launch in Singapore
July. 2018 Nov. 2018
· Taxi service launch in Singapore
· MVL protocol application in TADA
· Ride-hailing service launch in Vietnam
Dec. 2018
· MVL mainnet launch
1H. 2019
NOW
· Business rebrand from easiway to easi6 · Car rental platform launch in 10 Asian countries
Failed
MVL Global Business Map
MVL Service Application
Our Solution
Singapore’s First Zero Commission Ride-Hailing Service
TADA (“LET’S RIDE”)
Why we exist?
A fairer ride-hailing system is needed
Better livelihood for drivers
Better fares for passengers
Safer roads for all
TADA, Ride-Hailing Service
· Launched as MVL's very first service due to it being
an app that has a large number of users.
· A zero commission, blockchain-based service
· MVL Token Economy to be implemented this year
No. of app downloads
100,000 riders
No. of driver signups
17,000 drivers
0
1000
2000
3000
4000
5000
6000
7000
8000
9000
10000
11000
12000
13000
14000
15000
16000
17000
22 7 30 7 07 8 15 8 23 8 31 8 08 9 16 9 24 9 02 10 10 10 18 10 26 10
Driver Sign -ups
Results Summary - 22nd July ~ 26th October
Cumulative Average Daily Growth Rate
17%
0
10000
20000
30000
40000
50000
60000
70000
80000
90000
100000
26 7 03 8 11 8 19 8 27 8 04 9 12 9 20 9 28 9 6 10 14 10 22 10
Rider Sign-ups
Results Summary - 26th July ~ 26th October
Cumulative Average Daily Growth Rate
8%
26 10
Shift is Happening - Singapore
2013 2014 2015 2016 2017 2018
• GrabTaxi enters • Easy Taxi enters
• UberX is launched
• GrabCar launched
• CDG launches revamped taxi-booking app
• Increase number of idling taxis • Easy Taxi exits
• SMRT launches STRIDES
• PDVL licensing introduced
• PTC : Passengers more satisfied with private-hire cars than taxis
• Grab acquires Uber
28,210 27,695
28,736 28,259
27,534
23,140
Taxi Population
Shift towards Taxis • Taxi fleet contraction has
stabilized and we should be on the cusp of an increase
• Drivers and riders are flowing back to Taxis
• Uptick in TDVLs • Drivers now recognize that PHC
income is not materially better than taxis
DBS Research
Taxis have been left behind
Welcoming Taxis to the New World of TADA
TADA Taxi
Monetisation plans
OCT NOV DEC JAN FEB MAR
• Launch of TADA Taxi • Smart Call – (Dynamic Smart Booking), available on
TADA and TADA Taxi
• Basic mobility insurance products available for
purchase by drivers and riders on TADA Platform • Launch of TADA Vietnam
• Corporate booking platform launch, transport
expense management targeted at SMEs
Thank You